Model Oversight Analyst

Let’s grow together!

A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK and, working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. If you’re an experienced Model Oversight Analyst looking for an opportunity to grow in a friendly environment, we’re looking for you!

We’re flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential. Let’s grow together …

Purpose

Support the Model Oversight Director and Model Oversight Manager in managing model risk within the Group, with a focus on ensuring model governance across the Group remains aligned with the overarching Model Risk Policy, as well as maintenance and review of associated model governance policies and standards. Support of the IRB self-assessment process, which forms part of the Group's annual attestation to the PRA, including review of responses and action management. Related to this is the tracking of relevant regulation, with particular focus on IRB regulation that needs to be considered for the annual self-assessment. Management the Group's technical model review forum, Model Review Group (MRG).

Duties and Responsibilities

• Management and planning of Model Review Group (MRG); including planning of agendas, production of papers and minutes, management of actions
• Support the IRB self-assessment process, including review of responses and actions management
• Maintenance and ongoing development of the IRB self-assessment tool
• Interpretation of regulation for the IRB self-assessment
• Maintenance of model risk management (MRM) policies and standards
• Enhancing MRM policies and standards in line with industry best practice and emerging regulation
• Support the IRB Programme, including drafting of relevant modules, PRA presentation packs and assistance with interview preparation
• Drafting of IRB Senior Management Awareness training modules, including liaising with key stakeholders
• Support the integration of the PRA SS1/23 MRM framework principles and stakeholder engagement around this
• Communication to and representation at appropriate internal governance bodies and the business in general
• Providing support to Internal Audit as required, including reconciliation of actions and liaising on relevant audit planning
• Advisory function on MRM to CRCU and wider business
• Providing support to Model Oversight Manager as required

Even if you don’t meet all the criteria, we encourage you to apply. At Paragon, we value diversity and we’re excited to hear from passionate individuals like you! If you’re ready to contribute to the team, please apply. 

Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page.

Inclusion
As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone.  If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team.

What can we offer you?

Generous Holiday Allowance: Starting from 25 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year’s Eve. You can also buy or sell up to a week’s leave

• Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate
• Profit Related Pay: We share some of our annual profit with our eligible employees
• Pension Plan: We contribute up to 10% of your annual salary towards your pension
• Family Friendly policies: We offer enhanced parental pay and paid time off for fertility treatment
• Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more
• Volunteering Day: Contribute to causes you care about with one volunteering day per year
• Life Assurance and Personal Accident Cover

Be flexible

We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home.

Be yourself

As an equal opportunities employer, we welcome diversity and care about inclusion. That’s why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.

Be heard

We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.

Be well

We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.

Be better

We want you to reach your potential and, as a Platinum Investors in People employer, we’ll encourage you to learn and develop by building a personalised development plan together with your manager.