Manager – IRB Model Development – Corporate/Commercial

Barclay Simpson; London; Remote; GBP 70,000 - 110,000; Full time

Job summary

An established industry player is seeking an experienced IRB modeller to lead a talented team in developing and remediating credit risk models. This role involves managing complex model development projects, ensuring compliance with Bank standards, and enhancing model performance. The ideal candidate will have significant experience in IRB model development and expertise in statistical analysis software. With a flexible working culture and excellent benefits, this opportunity offers a chance to make a significant impact while advancing your career in a supportive environment.

Benefits

Flexible working culture

Remote working opportunities

Excellent benefits

Outstanding internal culture

Career progression

Qualifications

• Significant experience in IRB model development within Business credit portfolios.
• Expertise in using statistical analysis software such as SAS, Python, or R.

Responsibilities

• Manage multiple complex model development projects and analyses.
• Lead the design and implementation of credit risk models.

Skills

IRB model development

SAS

Python

R

Stakeholder communication

Tools

Statistical analysis software

Job description

Job Description

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.

As part of this role, you will be responsible for:

1. 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.
2. Taking ownership and responsibility for ensuring the performance of models is understood and identifying opportunities for 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.

To succeed in this role, you’ll need:

• Significant experience in IRB model development within Business credit portfolios.
• Expertise in using statistical analysis software such as 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.

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