IFRS9 Modelling Manager

Harnham - Data & Analytics Recruitment; London; On-site; GBP 75,000 - 90,000; Full time

Job summary

Join a forward-thinking UK top 10 bank as a leader in credit risk modeling. This innovative firm is transforming into a digital banking powerhouse, offering a chance to work on impactful projects that shape the future of banking. You'll lead a talented team, ensuring compliance with regulatory standards while developing cutting-edge risk models. With a competitive salary and a comprehensive benefits package, this role promises not only professional growth but also a rewarding work-life balance. If you're passionate about risk management and model development, this is the perfect opportunity for you.

Benefits

5 days annual leave

5 extra paid well-being days

20 weeks paid family leave

Free private medical cover

Qualifications

• Significant experience in model development for retail and banking products.
• Expertise in SAS, Python, or R is essential.

Responsibilities

• Oversee the development and validation of credit risk models.
• Present model outputs to senior stakeholders and ensure compliance.

Skills

Model Development

SAS

Python

R

IFRS9 Knowledge

IRB Knowledge

Communication Skills

Job description

This is an exciting opportunity to lead a team to develop risk and macroeconomic models to forecast the Bank's Loan Loss provisions. You will have a wide remit of work, be exposed to various business areas, and cover retail and business banking products.

THE COMPANY

This is an exciting new opportunity to work for a UK top 10 bank offering products across private, retail and business banking. The company are moving to becoming one of the UK's best digital banks, making it an exciting and innovative business to work for. This company also offer one of the industry's most competitive benefits package.

THE ROLE

You will be doing the following daily:

• Overseeing the scoping, design, development, validation, and implementation of credit risk models, ensuring alignment with the bank's internal standards, regulatory compliance requirements, and industry best practices.
• Ensuring that the existing Retail and Business IFRS 9 loan loss provision models are continuously reviewed and refined to remain robust, effective, and aligned with changing regulatory and business needs.
• Presenting model outputs and insights to senior stakeholders within the Risk function as well as external parties, ensuring clear communication of complex model results and their implications for risk management.
• Producing high-quality, detailed documentation and recommendation papers for model governance committees, ensuring transparency, clarity, and compliance with governance frameworks.
• Acting as a key resource for the wider bank, offering expert guidance and support on model usage.
• Delivering insightful, end-to-end assessments of both current and emerging model risks, ensuring that all models are managed through the bank's governance framework to proactively mitigate potential risks.
• Leading the development of team members by providing ongoing training, mentoring, and guidance, fostering a culture of continuous learning and excellence within the credit risk modelling team.

YOUR SKILLS AND EXPERIENCE

• Significant experience of model development across a range of retail and banking products.
• Expertise in SAS, Python, or R.
• Functional risk and regulatory knowledge within IFRS9 or IRB.
• Excellent written and verbal communication skills.

THE BENEFITS

• Up to £75,000.
• 5 days annual leave.
• Up to 5 extra paid well-being days.
• 20 weeks paid, gender-neutral family leave for maternity/paternity cover.
• Free private medical cover.

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