Model Risk Manager

Climate X is seeking a Model Risk Manager to oversee the scientific soundness and regulatory compliance of their climate models. This remote role involves collaboration with interdisciplinary teams to manage model risk throughout its lifecycle, ensuring adherence to internal standards and regulatory expectations. Candidates should have at least 5 years of relevant experience and strong analytical skills, with a background in financial services or regulated environments.
About Us

We are a leading global climate risk and analytics provider located in London, UK and New York, US. Earlier this year, we closed Series A led by GV (Google Ventures) and are on a fast trajectory to lead the financial services and asset management industries with our B2E SaaS platform, comprised of three products, Carta, Spectra and Adapt, which resolve customer climate risk challenges across their entire workflows.

We are at a pivotal point in scaling our product offering, expanding our market reach, and refining our product strategy to sustain continued success.

About the role

We’re looking for a Model Risk Manager to join our growing Model Risk Management (MRM) function. In this role, you will help ensure the scientific soundness, robustness, and regulatory compliance of Climate X’s internal Climate, Hazard, and Loss models.

You’ll work closely with our interdisciplinary Science team—comprising climate scientists, hazard specialists, geospatial experts, and data scientists—to ensure that model risk controls are embedded throughout the model lifecycle. You’ll play a critical role in upholding our MRM standards while helping to advance our models toward scientific and regulatory excellence.

This is a hands-on, cross-functional role that includes direct collaboration with model developers, senior leadership, and external stakeholders.

Responsibilities:
• Oversee the model lifecycle, including coordination of model developer documentation, evaluating and documenting model risk findings, and tracking their resolution.
• Support the oversight and governance of our model risk management framework, including maintaining the model inventory, model documentation, and issue logs.
• Monitor model risk controls to ensure compliance with internal standards and external regulatory expectations.
• Collaborate with internal teams and clients to communicate model risk findings, recommend improvements, and support transparency and trust in our modelling approach.
• Support model performance monitoring and issue resolution processes.
• Contribute to the continuous enhancement of the MRM framework by updating MRM governance policies and standards.

Essential Skills
• Strong verbal and written communication skills, with the ability to explain complex technical concepts to non-technical stakeholders.
• Proven analytical and problem-solving skills, with the ability to assess risk and recommend practical mitigation strategies.
• Experience in model risk, validation, governance, or development—ideally within a financial services, banking, or regulated environment.
• At least 5 years of experience in analytics or the development/validation of statistical models.

Desirable Skills
• Familiarity with regulatory model risk standards such as PRA SS1/23 and SR 11-7.
• Understanding of climate modelling, climate risk scenarios, and relevant regulatory frameworks.
• Knowledge of macroeconomics and/or IFRS 9 / CRD IV modelling practices.
• Experience with risk management and internal control frameworks in regulated financial institutions.

Qualifications
• BSc or MSc in a STEM discipline (e.g., Mathematics, Physics, Engineering, Computer Science) or equivalent practical experience in a scientific or quantitative field.
Benefits

🌍 Contribute to a business making purposeful impact related to climate change

💡 Monthly training & conference budget to help you upskill and develop your career (£1,000 per year)

📈 6 monthly appraisals and 12 monthly pay reviews

💰 Pension contribution scheme

🏡 Flexible hours and hybrid working (3 days/week in office; core hours 10am-4pm)

🏥 Mental Health and Wellbeing support via Oliva

🏖 25 days holiday, plus Bank Holidays, annual 3-day Christmas-closure, and half day on your birthday (36.5 days total!)

🏏 Optional quarterly socials, dinners, and fun nights out

🥐 A fully stocked supply of snacks, fruit, and refreshments for the days when you are in the office

🚴 Cycle to work scheme via gogeta

🍼 Enhanced maternity and paternity

🐶 Pawternity leave

🐕 Dog friendly office (official residence of Alfie, Chief Mischief Officer)

Equal Opportunities

Climate X are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We are committed to creating an inclusive environment for all employees and welcome applications from individuals of all backgrounds.