Senior Credit Risk Manager - Credit Forecasting & Stress Testing - 12 month FTC

Coventry Building Society Careers; Coventry; On-site; GBP 45,000 - 70,000; Full time

Job summary

Coventry Building Society is seeking a promising candidate for a fixed term role in their Forecasting & Stress Testing team. Candidates should possess strong experience in developing and executing models for credit risk, and have a penchant for technical challenges. You will collaborate with various teams to provide insights to senior management, making impactful decisions in a rapidly changing environment. This opportunity not only offers professional growth but also comes with competitive benefits, highlighting the company's commitment to employee wellbeing.

Benefits

28 days holiday plus bank holidays

Annual discretionary bonus scheme

Personal pension with matched contributions

Life assurance (6 times annual salary)

Paid sick leave

Wellbeing Hours - paid time off

Qualifications

• Strong hands-on experience in developing and executing forecasting and stress testing models.
• Deep knowledge of regulatory credit risk capital and IFRS 9 standards.
• Proficiency in statistical techniques, SAS, SQL, and advanced Excel skills.

Responsibilities

• Production of outputs and analysis for key deliverables.
• Enhancement of forecasting and stress testing models.
• Providing thought leadership on model development.

Skills

Statistical techniques

Data mining

SAS

SQL

Advanced Excel

Tools

Balance sheet forecasting software (e.g. QRM)

Job description

About the role

We have a great opportunity in our Forecasting & Stress Testing team. This team plays an important role in running models that predict credit risks and test how the business would handle tough situations. The results help guide our long-term plans and decision-making.

What makes this fixed term opportunity even more exciting is where the business is right now. We're in a major integration phase following our acquisition of The Co-operative Bank. As part of this, we're upgrading and enhancing all our forecasting and stress testing models-making this a great time to join and help shape the future of our capabilities.

This role will play a leading part in developing and implementing models that project Credit Risk RWAs, arrears, and impairments. You'll work closely with teams across Risk, Finance, Treasury, and Product, building strong relationships and collaborating to deliver high-quality insights. You'll also present your findings to senior management and the Group Executive, helping shape strategic decisions at the highest level.

Key Responsibilities:

• Production of outputs, detailed analysis and accompanying narrative for key deliverables
• Continuous improvement and enhancement of the forecasting and stress testing models providing model design thought leadership.
• Producing of updates and analysis for key committees and presenting updates
• Addressing actions and recommendations raised by internal functions
• Providing thought leadership to guide the strategic direction of the development forecasting model suite that covers a wide range of portfolios e.g. mortgages, cards, SME
• Providing technical direction to the team

This is a unique opportunity for someone who thrives on technical challenges and wants to play a key role in shaping the future of credit risk modelling in a growing, evolving organisation

Our benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life assurance (6 times annual salary)

• We'll support your physical and mental health with paid sick leave
• Wellbeing Hours - Time for You. request up to 14 hours paid time off each year

Find out more about the fantastic benefits of joining Coventry Building Society here

We reserve the right to close this advert early if we receive a high volume of suitable applications

To succeed in this role, you'll need:

• Strong hands-on experience in developing and executing forecasting and stress testing models
• Deep knowledge of:
• Stress testing and forecasting model development
• Regulatory credit risk capital (Standardised and IRB approaches)
• IFRS 9 expected credit loss standards
• Regulatory reporting for capital, impairments, and stress testing
• Credit model monitoring and performance analysis
• Proficiency in statistical techniques and data mining
• Advanced skills in SAS (for data sourcing and model development) and SQL
• Advanced Excel skills for analysis and reporting

Desirable experience will be:

• Knowledge of balance sheet forecasting software e.g. QRM would also be an advantage.

We're one of the largest building societies in the UK and we share a mutual goal across our branches and our offices to improve the lives of others.

We're officially recognised as a 'Great Place to Work' and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.

At the beginning of the year, The Co-operative Bank officially became part of our Group. Together, we have shared values and an ethical approach towards our members, customers, and colleagues.

We're serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you'll build more than just a career with us.

All together, better.

Flexibility and why it matters

We understand the need for flexibility, so wherever possible, we'll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.

Proud to be a Disability Confident Committed Employer

We're proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.

If you would like to opt in to the scheme, please contact our recruitment team when you apply via Get in touch - Coventry Building Society (coventrycareers.co.uk)

Location

Coventry
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