Risk Analyst I Risk

United Trust Bank; City Of London; Hybrid; GBP 40,000 - 55,000; Full time

Job summary

A financial institution in London is looking for a Risk Analyst to develop credit models for stress testing and recovery planning. The ideal candidate will have 2-3 years of experience in financial institutions, with skills in credit modelling and data manipulation. This hybrid role requires strong attention to detail and proficiency in Excel and VBA.

Qualifications

• 2-3 years experience in a bank or similar financial institution.
• Experience in credit modelling or stress testing.
• Highly IT literate with excellent data manipulation skills.

Responsibilities

• Develop and document credit risk models using Excel and VBA.
• Own and run models for ICAAP and Recovery Plan assessments.
• Support Model Risk Management Framework implementation.

Skills

Credit modelling

Data manipulation

Attention to detail

Numeracy

Tools

Excel

VBA

Job description

This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.

Role Purpose

The Risk Analyst will be responsible for running the credit models underpinning the stress testing in the ICAAP and the Recovery Plan, two of the main annual group wide assessments. In addition, the risk analyst will support the Head of Enterprise-wide Risk Management with the oversight of capital, funding, liquidity and market risks, and the implementation of the wider risk management framework, including Model Risk Management and Risk Appetite.

Key Responsibilities

• Develop, implement, enhance and document the credit risk models using excel, VBA, etc.
• Own and run the credit risk models underpinning ICAAP P2A and P2B stress testing assessments and writing the relevant sections of the ICAAP.
• Own and run the models supporting the Recovery Plan, quantify and analyse UTB's recovery options.
• Lead the Recovery Plan assessment and documentation.
• Review and support the embedding of the UTB's Model Risk Management Framework and Policies.

Skills and Experience

• 2-3 years experience in a bank or a similar financial institution
• Credit modelling and / or stress testing experience, gained within a credit, finance of treasury function.
• Experience working with data sets from disparate sources.
• Highly IT and numerately literate with excellent data manipulation and modelling skills.
• Attention to detail and high degree of accuracy.

Equal Opportunities

We're an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.