The Model and EUDA Governance team supports by the Bank by ensuring that we effectively manage all of the risks relating to developing and using models and EUDAs in our business. 

As a Model & EUDA Governance Lead Analyst you will have the opportunity to support all model and EUDA governance activity across the Group, ensuring that appropriate governance arrangements are in place and that model and EUDA risk are managed in line with the Group’s risk appetite and in accordance with regulatory and industry best practice expectations.

As the Group transitions to an Internal Ratings Based (‘IRB’) approach for calculating credit risk capital requirements for eligible portfolios, the role will also support attesting compliance with regulation, ensuring that IRB governance arrangements are in place and notification requirements are met.

Working in a supportive team within a high-profile area for The Group, you will have plenty of opportunity to learn and develop whilst gaining exposure to several senior stakeholders.

 Your responsibilities will include…

• Model governance – supporting the Model & EUDA Governance Manager and Head of Model & EUDA Governance to ensure that an appropriate model governance framework is in place and is operated across the Group.
• EUDA Governance – supporting the Model & EUDA Governance Manager and Head of Model & EUDA Governance to ensure that an appropriate EUDA governance framework is in place and is operated across the Group.
• IRB and Rating System – supporting maintenance of the Group’s IRB permissions and the PRA compliance framework, supporting the annual self-assessment against ongoing capital requirements regulation (“CRR”) compliance, facilitating the Significant Management Function (‘SMF’) providing the annual written attestation to the PRA.
• Use & Experience Assessments –supporting the review and update of the Group’s IRB Use and Experience records.

We offer a base salary of between £40,000-£45,000 dependent on experience and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB: OSB Careers 

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and knowledge set out below:

• Strong previous experience of taking responsibility for and successfully executing governance, risk or control related processes is essential.
• Strong stakeholder management and communication skills at all levels in an organisation, able to build relationships across the Group and at all levels are essential.
• A general understanding of how financial services organisations operate, and the regulatory environment in which they operate.
• Ability to run processes and complete tasks in a methodical and organised manner is essential.

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.