We are seeking a highly skilled Banking Consultant with deep domain expertise in Model Risk and Control processes to support a strategic Model Modernization initiative.
This role combines business/data analysis and Scrum Master responsibilities to drive the development of a scalable, distributed model ecosystem aligned with regulatory frameworks and internal governance standards.
The ideal candidate will work closely with stakeholders across multiple divisions and support the buildout of a centralized model data platform (ModelHub) and streamlined business processes (BPMN).
Key Responsibilities
Business Analysis
- Collaborate with stakeholders to gather, analyze, and document business use cases for model modernization.
- Translate business needs into detailed user stories, acceptance criteria, and process flows.
- Conduct gap analysis and recommend improvements to Model Risk and Control frameworks.
- Work closely with technical teams to ensure accurate implementation of business requirements.
- Facilitate Agile ceremonies including sprint planning, daily stand-ups, sprint reviews, and retrospectives.
- Promote Agile principles and continuous improvement within the team.
- Remove impediments and resolve conflicts to ensure smooth project execution.
- Track and report project progress, risks, and dependencies.
Domain Expertise
- Provide subject matter expertise in Model Risk Management, including governance, validation, and control processes.
- Ensure compliance with regulatory requirements such as PRA SS1/23 and industry best practices.
- Act as a liaison between business and technical teams to align project goals and deliverables.
Stakeholder Management
- Build strong relationships with stakeholders across 15+ divisions and departments.
- Communicate project updates, risks, and issues to senior leadership.
- Facilitate workshops and discussions to drive consensus and decision-making.
Required Qualifications
- Bachelor’s degree in Business, Finance, Computer Science, or a related field.
- 10+ years of experience as a Business Analyst or Scrum Master in financial services.
- Strong understanding of computing risk and valuation for Equity, Fixed Income instruments, and derivatives.
- Proven expertise in Model Risk Management and Control processes.
- Hands-on experience with Agile methodologies and tools (e.g., Jira, Confluence).
- Strong analytical, problem-solving, and communication skills.
- Ability to manage multiple priorities in a fast-paced environment.
Preferred Qualifications
- Advanced degree or certifications such as CFA, FRM, or Certified Scrum Master (CSM).
- Experience in model development, validation, or governance.
- Familiarity with regulatory frameworks such as Basel.
- Knowledge of data analytics, machine learning, or AI models.
- Experience with cloud-based model deployment and modernization strategies.