Model Risk Oversight Manager
At Yorkshire Building Society (YBS), we’re proud to be a mutual organisation that helps people achieve their real-life goals we call it providing Real Help with Real Life. We have ambitious plans to grow and evolve, and we’re looking for people who share our energy, talent, and drive to make a difference.. YBS is going through a transformation journey and with this, our Risk teams are growing to ensure we can support and protect the Society. We have created some new vacancies in our Prudential Risk team to oversee Model Risk and this position is one of these new roles.
We’re excited to offer an opportunity for a Model Risk Oversight Manager to join our second line of defence Risk team, based at our Leeds head office (with flexible working options available). In this role, you’ll be a technical subject matter expert on model risk, with a focus on the independent validation of credit risk models including (but not limited to) the IRB Rating system, IFRS 9, Stress Testing and Scorecards, and you will be part of a Model Risk Oversight team responsible for model oversight across the whole organisation.
You’ll be part of a team that values flexibility, collaboration, and continuous development, and where your voice and ideas are welcomed.
About the role
Some role responsibilities include:
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Leading both model-specific technical validation and thematic reviews, providing insightful and meaningful findings on model risk.
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Assessing models for data appropriateness, methodology soundness, validation quality, and regulatory compliance.
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Building strong relationships with stakeholders across the business, using our Oversight Methodology to guide engagement.
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Offering clear, constructive challenge and expert advice on complex issues, including at Chief Officer level.
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Presenting findings at Model Risk Committees and escalating key issues to Executive and Board Risk Committees when needed.
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Driving improvements in oversight practices and helping shape the future of the Prudential Risk function.
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Supporting the Lead Manager Model Risk Oversight, including deputising when required.
About You
We’re looking for someone who brings a mix of technical expertise and strong communication skills. You might have experience in:
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Risk management within the banking or financial services sector.
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Understanding of modelling techniques, especially in Retail Credit (e.g. IFRS 9, IRB), Treasury, or Finance.
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Translating complex technical concepts into clear, accessible language for a range of audiences.
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Working independently and managing your time effectively within a structured oversight framework.
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Experience in an oversight or assurance role (desirable but not essential).
About us
At YBS we don’t have shareholders, we have members. We care about people and that includes you. So here, you’ll be respected for who you are, you’ll be able to bring your whole self to work, and you’ll have everything you need to build a long and rewarding career.
Flexibility. We offer a range of flexible working options without unsocial hours, which can help you find a healthy work-life balance. Whether it’s finishing early for an appointment or fitting your studies and hobbies in around your working hours, we can help make it work for you. We’re happy to talk flexible working and you can reach out to us anytime to discuss this during the recruitment process.
Development. We want you to feel challenged here. Whatever your ambitions, we’re committed to helping you develop your skills and move ahead in your career journey. From day one, we’ll set you up for success with a brilliant induction and full training plan, all designed to get you up to speed quickly.
Inclusivity. We’re passionate about creating an inclusive environment where everyone is welcome and able to be themselves. If you’ll go the extra mile to help our members, you’ll fit right in and feel you belong here.
About our Benefits
We offer lots of fantastic rewards that you can make the most of in and out of work, including:
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Holiday. You’ll get 25 days plus Bank Holidays, as well as the option to buy up to a further 5 days.
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Bonus. At YBS we work collaboratively and share in our success together, so when we reach our goals were all rewarded with an on target bonus of 7% of eligible pay (with the opportunity to earn up to a maximum 15%).
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Pension. We know how important it is to save towards the future, that’s why we’ll contribute up 11% into your YBS pension.
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Healthcare. Health and wellbeing are an important part of life at YBS, when you join us you’ll have access to a range of health benefits to suit your life including private medical insurance, dental and healthcare plans.
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My Benefits. When you join YBS you’ll have access to our self-service benefits portal, where you can access a range of retail, hospitality and health discounts.
Ready to apply?
If you’re excited about this role and want to be part of the YBS team, click apply now to send us your application.
Want more information?
If you have any questions about this role, please contact Olivia Eaton [email protected]
