Quantitative Risk Manager

HANDELSBANKEN PLC; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading financial institution in Greater London is seeking a Quantitative Risk Analyst for their Credit Risk division. As part of the role, you will lead IRB model development and implementation while supporting junior team members. Required qualifications include relevant financial services experience and strong analytical skills, as well as proficiency in statistical data programs like SAS, SQL, or R. The position offers a competitive salary, comprehensive benefits, and opportunities for personal development.

Benefits

Private medical insurance

Income protection

Life assurance

15% pension contribution

Qualifications

• Experience in financial services with IRB model development.
• Solid understanding of IRB regulations like CRR, EBA, PRA.
• Ability to present complex issues clearly.

Responsibilities

• Lead model development and implementation.
• Support team with model reviews and recalibration.
• Define data requirements for Loss Given Default models.

Skills

Analytical skills

Statistical modelling

Data analysis

Communication

Attention to detail

Team player

Tools

SAS

SQL

R

Job description

Job Introduction

An opportunity has arisen within our Credit Risk division; for a Quantitative Risk Analyst.

Main Responsibilities

• Lead end to end IRB model development and implementation.
• Support junior members of the team with the development, annual model reviews and recalibration of the Bank's both Corporate and Retail IRB rating systems. including but not limited to:
  • Retail exposures: Loss Given Default (LGD), Probability of Default (PD), Application & Behavioural Scorecards
  • Specialised Property Lending exposures: IRB Slotting
  • Corporate PD models
  • Stress Testing models
• Define data requirements for IRB Loss Given Default models for retail exposures. Assessment of data availability and quality against regulatory requirements and internal Data Governance standards.
• Work with stakeholders across the business to remediate any data gaps identified for Loss Given Default modelling. Specifically collections, recoveries and collateral data.
• Complete updates to the Bank's regulatory annual self-assessment for IRB. Own, maintain and deliver remediation plans for any identified gaps.
• Produce model documentation and reports in accordance with internal standards.
• Carry out ongoing model maintenance including Annual Model Reviews, recalibration and ad-hod model testing.
• Present model methodologies and results to relevant stakeholders to senior management level committees.
• Deliver training for complex model methodologies to stakeholders including Senior Management.

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...

• Relevant experience working in financial services, including IRB model development and data analysis. Both Retail and Corporate IRB models preferable but not essential.
• Solid understanding of IRB regulation (CRR, EBA, PRA).
• Have strong analytical skills and numerical skills, specifically statistical modelling and validation techniques.
• Hands on experience with one or model statistical data programmes such as SAS/SQL/R.
• Have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing.
• Have excellent attention to detail.
• Be a strong team player, able to work in an organised yet flexible manner.

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 term 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.