Credit Risk Specialist

Waterhouse-Kern Associates; Greater Manchester; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a skilled contractor to enhance their credit risk function. This role involves critical tasks such as calculating provisions under IFRS 9, conducting charge analysis, and ensuring accurate reporting. You will collaborate closely with the Credit Risk team to monitor portfolio changes and maintain robust governance. Ideal candidates will possess strong analytical skills, relevant coding experience, and a numerical degree. This is a fantastic opportunity to contribute to a dynamic financial services environment, where your expertise will have a significant impact on risk management strategies.

Qualifications

• Strong analytical skills and excellent attention to detail required.
• Relevant coding experience, e.g., SQL & Power BI preferred.

Responsibilities

• Run monthly provision (ECL) process and deliver outputs.
• Support provision input into key governance and control forums.

Skills

Analytical Skills

SQL

Power BI

Excel

Attention to Detail

Education

Numerical Degree

Tools

Excel

Power BI

Job description

Direct message the job poster from Waterhouse-Kern Associates

Managing Director at Waterhouse-Kern Associates

Waterhouse-Kern Associates is proud to partner with a financial services institution in Manchester who are looking for a contractor to bolster their credit risk function.

The Role:

Reporting to the Manager Credit Risk (ECL & Scorecard Modelling), this role is responsible for the calculation of the provision (IFRS 9), charge analysis and provision reporting for the Group. You will also support the production of regular & ad-hoc provision papers. You will be in constant dialogue with the 1st line Credit Risk team to understand any portfolios of concern, run provision scenarios & provide a second line lens to any overrides to the provision that the 1st line Credit Risk team have implemented. The role will also involve monitoring the accuracy of parameters used in the provision calculation & any update recommendations to the IFRS 9 model.

What you’ll be doing day to day:

• Run the monthly provision (ECL) process for the Group and the PF division, delivering outputs and MI to support and integrate with finance processes
• Support provision input into key governance and control forums across the business
• Support the review of the provision modelling approach and highlight areas that require development
• Ensure the IFRS 9 model runs as intended providing reporting and monitoring in line with Model Risk Management policy requirements
• Provide stakeholder and governance forums with analysis and monitoring to demonstrate the on-going effectiveness of the IFRS 9 model
• Working with stakeholders to analyse and understand key changes in the portfolio and the impact they have had on the provision in the month
• Maintain comprehensive governance, procedures and records
• Complete model monitoring of those owned by Quant Risk
• Build and maintain a strong stakeholder network to share risk and IFRS 9 expertise and insight across the organisation

The ideal candidate:

• Background in IFRS 9 (not essential)
• Numerical degree, strong analytical skills and excellent attention to detail
• Relevant coding experience, e.g. SQL & Power BI
• Modelling experience (not essential)
• Advanced Excel skills
• Strong understanding of the fundamental concepts of data
• Experience of using complex data

This is a 6 month day rate contract but you must be able to work on site 5 days per week

Seniority level

• Seniority level

  Associate

Employment type

• Employment type

  Contract

Job function

• Job function

  Analyst

• Industries

  Financial Services and Banking

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