
About Allica Bank
Empowering SMEs with personalized banking solutions
Key Highlights
- Founded in 2019, focused on SME banking
- Over £71 million in SME loans issued in the first year
- $348.7 million raised in Series C funding
- Full-service digital bank for UK SMEs and landlords
Allica Bank, headquartered in the City of London, is a fintech company dedicated to providing tailored banking solutions for SMEs. Established in 2019, Allica has already disbursed over £71 million in loans and offers a range of services including savings accounts, commercial mortgages, and asset fi...
🎁 Benefits
Employees enjoy health insurance, income protection, and a discretionary annual bonus program. Allica Bank also offers generous pension contributions,...
🌟 Culture
Allica Bank is committed to reimagining relationship banking for SMEs, leveraging technology to empower relationship managers. The culture emphasizes ...

Risk Manager • Mid-Level
Allica Bank • London - Hybrid
Skills & Technologies
Overview
Allica Bank is hiring a Model Risk Manager to oversee AI implementation and manage model risk across Generative AI and traditional financial models. You'll work in London and collaborate with various teams to enhance the bank's risk framework.
Job Description
Who you are
You have a strong background in risk management, particularly in the context of financial models and AI technologies. Your experience includes overseeing model risk frameworks and ensuring compliance with regulatory standards. You are adept at collaborating with cross-functional teams to align risk strategies with business objectives. You possess a keen understanding of Generative AI and its implications for model risk, enabling you to provide insightful challenges and support innovative solutions. Your analytical skills allow you to assess complex risk scenarios and develop robust mitigation strategies. You thrive in a collaborative environment and are committed to fostering a culture of risk awareness within the organization.
What you'll do
In this role, you will oversee the implementation of Allica's AI initiatives, ensuring that the Model Risk Framework is both robust and future-ready. You will manage model risk across various domains, including Generative AI, Agentic AI, and traditional financial models such as IFRS9 and credit risk. Your responsibilities will include conducting thorough assessments of model performance and validation, collaborating with stakeholders to identify potential risks, and developing strategies to mitigate those risks. You will play a crucial role in shaping the bank's approach to risk management, providing insights that directly influence decision-making processes. Additionally, you will be involved in training and mentoring team members on best practices in model risk management, contributing to the overall maturity of the risk function within the bank.
What we offer
Allica Bank is committed to flexible and hybrid working arrangements, allowing you to balance your professional and personal life effectively. We value diversity and believe that a diverse team strengthens our organization. You will be part of a dynamic and supportive work environment where your contributions are recognized and valued. We encourage you to apply even if your experience doesn't match every requirement, as we are looking for individuals who are eager to learn and grow with us.
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