RBS

Join us as a Model Risk Quantitative Analyst

• If you have excellent quantitative modelling skills and a talent for problem solving, we think you’ll enjoy a real sense of purpose in this role
• You’ll be harnessing your mathematical prowess to evaluate and validate sophisticated and widely used pricing models across our bank
• It’s a chance to deepen your knowledge, develop your profile and explore your potential in a truly purpose-led role and inclusive team
• We are offering this role at vice president level

What you'll do

In today’s rapidly changing world, our ability to understand tomorrow and make better decisions today is key. But while we can’t see into the future, we can use data to predict it. And when we use this data and the assumptions derived from it to model what our future could look like, we can begin to navigate the unknown, alleviate uncertainty and uncover valuable insights.

But using these models invariably presents model risk. And as our Model Risk Quantitative Analyst, it’ll be your job to review and independently validate our pricing models to determine their adequacy, limitations, and the level of model risk they pose.

Day to day, you’ll be:

• Assessing and performing Prudential Valuation and Model Risk Valuation Adjustment calculations
• Facilitating model risk analysis to satisfy our regulatory responsibilities
• Sharing your findings and any significant risks with your stakeholders
• Providing oversight of our first line of defence model assurance activities
• Reviewing analysis, code and reports developed by our Model Development teams
• Developing our codebase by adding functionality, fixing issues and testing code

The skills you'll need

With a degree in a quantitative subject like Mathematics, Physics or Quantitative Finance, you’ll bring the determination and perseverance that comes with tackling ideas that are hard to understand and problems that are hard to solve. And with great communication skills, you’ll be able to assimilate highly technical information, simplify complex concepts, and deliver clear mathematical exposition too.

You’ll also bring great working habits like being organised, thorough and painstaking in your work, good at working under pressure, and equally content working on your own or together as a team.  

And you’ll bring this all together with:

• At least nine years of relevant experience, including five years in pricing or market risk model validation.
• Require Masters or PhD level knowledge on quantitative finance-oriented subject with hands on expertise on coding using Python/C++
• CQF certification is a strong added advantage
• Advanced quantitative modelling skills
• An understanding of derivatives pricing, ideally relating to rates derivatives, FX derivatives or xVA

Hours

45

Job Posting Closing Date:

23/03/2026

Join us as a Model Risk Validation Officer This is an opportunity for a passionate and driven risk specialist to join us We’ll look to you to review and validate credit models relating to wholesale, commercial and retail portfolios across all business units and legal entities It's an ideal role to gain detailed exposure to the developing world of model risk, as well as to a range of stakeholders and senior executives We're offering this role at vice president level What you'll do This role will see you undertaking data analysis to make sure that data risks are adequately highlighted as well as assessing the models’ compliance with regulations, internal policies and standards. We’ll also look to you to perform sensitivity analysis to assess the adequacy of modelling or data assumptions, documenting all the analysis in a succinct and clear manner. Your responsibilities will also include: Preparing checklists for various validation activity to make sure that appropriate controls are established and consistently followed Undertaking in-depth assessments of the models’ subcomponents, making sure models are fit for purpose for their designated use Making sure that model risk management aligns with our model risk policy, and undertaking model risk assessments to identify potential risks Providing expert advice on aspects of risk management, including providing senior executives with relevant MI and reports, escalating concerns where appropriate The skills you'll need We’re looking for someone with a quantitative degree and experience of developing, reviewing, validating and implementing analytical credit risk measurement tools. You should have a sound understanding of Basel requirements SS4/24, SS1/23 and a good working knowledge of Python, AWS, Jupyter Notebooks. We’ll also expect: Knowledge of IFRS9 standards The ability to communicate, both verbally and in writing, to senior colleagues Strong Excel, PowerPoint and Word skills Excellent attention to detail Hours 45 Job Posting Closing Date: 16/03/2026