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 and EUDA Governance Manager, 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 risks are managed in line with the Group’s risk appetite and in accordance with regulatory and industry best practise expectations.

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

 Your responsibilities will include…

• Model governance – the role supports the Head of Model & EUDA Governance to ensure that an appropriate model governance framework is in place and is operated across the Group including the following responsibilities:

• • Review and update of model policies and supporting standards documents ensuring emerging regulatory expectations and industry best practises are met.  Presentation of these to committees for approval.
  • Maintaining and coordinating updates to the Group’s Model Register, ensuring that all models are captured, and the required information is maintained and updated regularly.  Coordinate Group-wide reviews of the model landscape.  Support model owners in discharging their responsibilities through clear communication and regular engagement.
  • Support and coordinate the operation of key model governance committees, including agreeing agendas, overseeing minute production and action tracking, briefing of Chairs of committees.
• EUDA Governance – the role supports the Head of Model & EUDA Governance to ensure that an appropriate EUDA governance framework and second line assurance is in place, including leading on the development and embedding of EUDA related policies and standards.
• IRB and Rating System – supporting the 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.
• Ensure that you fully understand and comply with the organisation’s risk management policies as they relate to your area of responsibility and demonstrate in your day-to-day work that you put customers at the heart of everything you do.

Please not that this is a 12 month Fixed Term Contract, and is based in our London office. 

We offer a base salary of between £80,000-£90,000 dependent on experience and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working

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:

• Robust previous experience working in a similar model governance, EUDA, IRB, model development or compliance related role within Financial Services is essential.
• Knowledge of at least one, preferably all, of the following is essential:
  • risk policy and governance frameworks, preferably in respect of model risk governance
  • capital requirements regulation (“CRR”) relating to the internal ratings-based approach (“IRB”)
  • model risk regulatory expectations such as the PRA’s supervisory statement SS1/23
• Strong stakeholder management skills at all levels in an organisation are essential, along with the ability to build relationships across the Group
• Ability to run processes and complete tasks in a methodical and organised manner is essential.

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

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.