Credit Risk Specialist

JR United Kingdom; Greater Manchester; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a contractor to enhance their credit risk function in Manchester. This role involves calculating provisions under IFRS 9, conducting charge analysis, and reporting for the Group. Daily tasks include running the monthly provision process, supporting governance forums, and ensuring model accuracy. The ideal candidate will possess strong analytical skills, relevant coding experience, and advanced Excel capabilities. This six-month contract requires on-site presence five days a week, offering a unique opportunity to contribute to a vital financial service function.

Qualifications

• Strong analytical skills with excellent attention to detail.
• Relevant coding experience in SQL and Power BI.

Responsibilities

• Run the monthly provision process for the Group and deliver outputs.
• Support the review of the provision modelling approach and highlight development areas.

Skills

Analytical Skills

SQL

Power BI

Advanced Excel

Data Analysis

Education

Numerical Degree

Tools

Power BI

SQL

Excel

Job description

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Client:

Waterhouse-Kern Associates

Location:

Job Category:

Other

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EU work permit required:

Yes

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Job Views:

4

Posted:

28.04.2025

Expiry Date:

12.06.2025

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Job Description:

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