Head of Credit Risk Modelling - 12 month FTC

HANDELSBANKEN PLC; London; On-site; GBP 80,000 - 120,000; Full time

Job summary

Join Handelsbanken as the Head of Credit Risk Modelling in London. This pivotal role involves leading credit risk model development while ensuring compliance with IRB regulations. The ideal candidate will have extensive experience in financial services and a passion for fostering talent within the team. Enjoy competitive compensation and a commitment to diversity and inclusion in our workplace.

Benefits

Private medical insurance

Income protection

Life assurance

15% pension contribution

Learning and development opportunities

Qualifications

• Substantial experience in financial services, particularly with IRB models.
• Strong analytical and numeric skills required.
• Ability to build cross-functional teams and influence stakeholders.

Responsibilities

• Lead a team of risk professionals in credit risk model development.
• Provide oversight and governance for IRB-related risk activities.
• Collaborate with UK and Group functions to enhance risk culture.

Skills

Analytical skills

Leadership skills

Communication

Education

Relevant degree in finance or related field

Tools

SAS

SQL

Job description

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Job Introduction

Head of Credit Risk Modelling - 12 month FTC

We have an opportunity for a 12 month fixed term contract for Head of Credit Risk Modelling. This role is within the independent risk control function within the Bank and acts as the second line of defence (2LOD) and provides independent oversight and risk management across the Bank's principle risks i.e. credit, financial and operational risk.

The function is responsible for independent credit risk control, providing credit related governance, portfolio management, delivery of IRB programme and input into various Bank wide activities where credit subject matter expertise is required.

Key strategic areas of activity include ICAAP, IRB and risk framework embedment.

Main Responsibilities

The successful applicant will take a leading role in developing further the Bank's credit risk modelling capabilities.

Responsibilities include, but are not limited to;

• Lead, manage, develop and coach an established team of risk professionals to oversee the development and monitoring of Credit Risk models.
• Ensure model development documentation and associated reports are developed in accordance with internal standards
• Provide subject matter expertise in all credit risk modelling activities that Credit Risk Control undertakes.

• Provide inputs into the Bank's model related regulatory self-assessments.
• Support the Head of Credit Risk Control in model related presentations to Model Oversight Committee and Board Risk and Compliance Committee.
• Present and answer questions from the regulator on the Bank's credit risk modelling capabilities as part of the IRB application process.
• Actively collaborating with, and supporting, the UK and Group functions to further develop and maintain positive collegiate relationships.
• Champion the effective positive risk culture within the Handelsbanken culture, through role modelling, training and information dissemination.

Ideal Candidate

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...

• Substantial relevant experience working in financial services, including development IRB models and solid understanding of IRB regulation (CRR, EBA, PRA);
• have a strong analytical background and good numerical skills;
• Hands on experience from one or more statistical data programmes such as SAS, SQL;
• be able to demonstrate leadership skills and the ability to build cross functional teams;
• be passionate about supporting people develop;
• be comfortable challenging and influencing stakeholders including senior management;
• be able to balance risk and reward, being prepared to make a decision / recommendation;
• be proactive and able to act on their own initiative;
• deliver high quality outcomes;
• have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing;

Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

Check our Handelsbanken website for further information

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.

What is in it for you?

• We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
• Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
• A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)

Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process - just let us know by email [e-mail] .

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.

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