Model Risk Oversight Manager

Overview

Job Title:

Model Risk Oversight Manager

Contract Type: 12 Month Fixed Term Contract
Function: Model Risk Oversight, Risk
Salary: From £46000 (Edinburgh) £51000 (London) + excellent benefits
Location: Edinburgh or London – Hybrid working
Closing Date: 30 January 2026

Our Model Risk Oversight team plays an important part in our business. The team is responsible for the oversight of risk and financial models. This includes the independent validation of our most important models, including IRB, IFRS9 and Treasury models, to a standard that meets internal and regulatory expectations. The role requires you to lead the statistical testing of the models and report on the technical findings in a clear and transparent way.

How you ll make a difference

Leading a small team of people, you will be responsible for effectively leading the validation of the components of Credit & Financial Risk models, following our internal framework and standards as well as external regulation. You will produce internal and external reports summarising the validations, highlighting areas for potential improvement. You will support senior management in their interactions across the business and externally.

You will be able to influence, and build relationships with, a range of stakeholders from within Risk and the wider TSB Business. The role is about working collaboratively to support a strong culture of accountability, empowerment and proactive contribution to the ongoing development of the function, reflecting the evolving modelling landscape within the bank and the associated regulatory expectations.

What you ll bring

• A proven background in quantitative risk assessment models and methodologies, with experience in either model development or validation.
• Experience covering financial products and services, coupled with proven experience working in a specialist Risk function e.g., Model Risk / Capital Risk / Credit Risk / Market Risk.
• Strong knowledge of Credit/Financial Model Risk related regulation e.g., Capital Requirements Regulation and IFRS
  9.
• Capability to understand complex issues, communicate with clarity and provide information to senior leaders including Directors and Heads of Function.
• Ability to lead, inspire and develop individuals and create high performing teams to deliver model validations.
• Be recognised by your stakeholders as providing excellent technical and regulatory knowledge – building on the strong reputation of the Model Risk Oversight team within TSB.
• Be a strong team player, working effectively with colleagues in the Model Risk Oversight team as well as in the wider business which in turn helps deliver our regulatory commitments.

What we offer in return

• Hybrid and flexible working arrangements to support a healthy work/life balance.
• An attractive reward and benefits package through myTSB, giving you more of what matters to you.
• A diverse, energising, and collaborative working environment.
• A career that’s enriching and full of opportunities.

Selection process

There will likely be a 30-minute informal, exploratory chat with the Hiring Manager followed by a structured interview via Teams with the Hiring Manager plus another member of the team. Here are some of the questions you’ll be asked at interview:

• What is it about a career with TSB that excites you?
• Describe a time when you have created an environment of honesty, Inclusion and respect for others.
• Describe a time when you have led a project or team.
• Tell me about how you have taken deliberate action in the past to break down silo s and create opportunities for collaboration.

Closing

So, if this sounds up your street, come join our team, we make things happen!

Inclusion matters at TSB
. We want everyone to feel at home— whatever their background. Diverse teams help us deliver Money Confidence, for everyone, every day.

Not sure you meet every requirement? If you tick some boxes and bring curiosity and openness, we’d love to hear from you.

TSB is a Disability Confident Leader, if you meet the minimum criteria, we’ll ensure you’re considered. Please also let us know what adjustments you’d benefit from throughout our process.