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Lead Model Validation Analyst
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Funding Circle UKLead Model Validation Analyst – responsible for independently reviewing and validating a wide range of financial models, including those for marketing, acquisitions, customer management, and impairment provisioning. This is a critical position to ensure models are robust, accurate, and compliant with regulatory standards. We’re seeking an experienced professional who can work autonomously and provide thought leadership.This role is a key part of our Second Line Credit Risk Team, which provides independent oversight of the credit strategies and models developed by our First Line teams.Who we are: Funding Circle back small businesses to help them grow. We believe the world needs small businesses and have built a platform with data and technology that reshapes SME lending. We focus on delivering fast decisions and meaningful, human support to deliver an outstanding customer experience.The role: As a Lead Model Validation Analyst, you will work to ensure the integrity and regulatory compliance of core financial models across the business.Responsibilities
Model Validation: Perform independent validation of all key models used by the business. Assess the model’s conceptual soundness, data integrity, and implementation.Collaboration: Work closely with model developers and business units to address model risks and ensure timely resolution of identified issues.Model Monitoring: Provide oversight for ongoing model performance monitoring and recalibration activities.Documentation and Reporting: Prepare comprehensive validation reports detailing the review process, findings, and recommendations. Communicate findings effectively to model owners, developers, and senior management.Regulatory Compliance: Ensure all validation activities and model documentation comply with internal policies and external regulatory guidance.Methodology Development: Contribute to the enhancement of the model validation framework and methodologies to keep pace with industry best practices and evolving regulatory requirements.Proactively identify and mitigate risks, issues or control weaknesses in day-to-day activities.Qualifications
A Bachelor’s or Master’s degree in a quantitative field such as Finance, Economics, Statistics, Mathematics, or Computer Science. A PhD is a plus.7+ years of experience in model development, model validation, or a related quantitative risk management role, preferably in financial services.Technical Expertise: Strong knowledge of financial products, risk management principles, and statistical modeling techniques.Proven ability to work effectively in a team environment and foster partnerships with stakeholders to resolve model challenges.Excellent analytical and problem-solving skills; able to work independently with minimal guidance.Exceptional communication skills; able to explain complex technical concepts to both technical and non-technical stakeholders.Proficiency in SQL, Python, and R.Familiarity with regulatory guidance on model risk management (e.g., IFRS 9).Why join us
At Funding Circle we are committed to building diverse teams. We offer hybrid working and a flexible-first approach. Our London office provides a collaborative space with catered amenities. We back our Circlers to build their careers, with a focus on Health, Wealth, Development and Lifestyle. We also offer a range of employee benefits and notable leave policies.Seniority level
Mid-Senior levelEmployment type
Full-timeJob function
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