Manager - IRB Model Development, Commercial Banking

Barclay Simpson; City Of London; Remote; GBP 60,000 - 80,000; Full time

Job summary

A major banking institution in London is seeking an experienced IRB modeller to manage model development projects and lead a team of analysts. The ideal candidate has significant experience in Business credit portfolios and expertise in statistical software like SAS, Python, or R. This role offers competitive remuneration and flexible working options, including remote work.

Benefits

Market leading benefits

Excellent remuneration package

Fully remote working options

Qualifications

• Significant experience in IRB model development within Business credit portfolios.
• Expertise in statistical analysis software such as SAS, Python, or R.
• Experience with economic processes and IFRS 9 is a plus.

Responsibilities

• Manage multiple complex model development projects and analyses.
• Lead the design and implementation of credit risk models.
• Deliver high-quality model documentation and support governance.

Skills

Statistical analysis software (SAS, Python, R)

Strong communication skills

Influencing stakeholders

Job description

Overview

My client is one of the largest banks in the UK, renowned for their flexible working culture, remote working opportunities, excellent benefits and outstanding internal culture and career progression.

As part of a build out of the risk modelling team I am looking for an experienced IRB modeller to lead a talented team of modelling analysts and data scientists responsible for developing and remediating the IRB & Scorecards model landscape to ensure effective risk management and capital allocation within the portfolio.

Responsibilities

• Managing multiple complex model development projects and analyses; delivering the scoping, design, development, validation and implementation of models, in line with Bank standards and regulatory compliance requirements
• Taking ownership and responsibility for ensuring the performance of models are understood and identifying model enhancements
• You will lead the design and implementation of credit risk models in line with Bank standards and regulatory compliance requirements. You’ll ensure that the models in operation are robust, fit for purpose, and provide clear insights to stakeholders. You will also deliver high-quality model documentation and support the Bank in model usage and governance, while driving the development of your team.

Requirements

• Significant experience in IRB model development within Business credit portfolios
• Expertise in using statistical analysis software like SAS, Python, or R
• Strong communication skills, the ability to influence stakeholders, and experience with decision-making
• Bonus points for experience with economic processes and IFRS 9

Benefits

This role offers market leading benefits and an excellent remuneration package, as well as the option to work fully remote.