Principal Accountabilities and Responsibilities
*Undertake model validation activities as dictated by the Global Model Risk Policy including the assessment of; model inputs, calculations, reporting outputs, conceptual soundness of the underlying theory and the suitability of the use for its intended purpose, relevance and completeness of data, qualitative information and judgements, documentation, and implementation of the model.
*Provide written reports detailing the results of validations highlighting issues identified during the validation.
*Validate remediation activities completed by the ILOD to ensure appropriate resolution of identified issues.
*Work with relevant stakeholders to embed new Global Model Risk Policies and Procedures.
*Provide model users, model owners, senior management, audit, and regulators (across 1LOD, 2LOD, 3LOD) with confidence that the models and tools developed, maintained, and used within the Group are compliant with internal and regulatory expectations and fit for the intended purpose.