Stress Testing Manager - Risk

Campion Pickworth; Greater London; On-site; GBP 95,000 - 135,000; Full time

Job summary

An established bank in London is seeking a Stress Testing Manager to lead the design and execution of credit risk models and stress testing processes. The successful candidate will have experience in developing credit risk models like PD, LGD, and EAD, along with the ability to analyze economic scenarios. This hybrid role offers an exciting opportunity to contribute to regulatory compliance and model development in a dynamic banking environment.

Qualifications

• Experience in credit risk model development, including PD, LGD and EAD models.
• Experience in stress testing model execution.
• Ability to analyze stressed economic scenarios and communicate impacts.
• Ability to extract and manipulate large datasets to support model development.

Responsibilities

• Design, develop, and maintain credit risk models with an emphasis on corporate IRB and stress testing.
• Lead elements of corporate credit model development and execute stress testing.
• Generate economic scenario analytics for ICAAP exercises.
• Act as a knowledge source on stress scenarios and credit models across the bank.

Skills

Credit risk model development

Stress testing execution

Data extraction and manipulation

Analytical skills

Tools

SAS

Python

R

Job description

About the job Stress Testing Manager - Risk

Our client, an established bank, is looking to recruit a Stress Testing Manager in their London office, with hybrid working. This exciting opportunity will involve developing and maintaining both statistical and slotting corporate IRB credit models, exploring new and existing data sources and ensuring model compliance against regulatory standards. The role will also involve development and execution of stress testing models.

Role Responsibilities:

• Playing a key role in the design, development, implementation and maintenance of credit risk models, primarily with a focus on corporate IRB and stress testing models
• Leading key elements of corporate credit model developments (both IRB and stress testing) and stress testing execution, anticipating constraints and risks to plans and taking mitigating actions
• Leading in the design and generation of economic scenario analytics and benchmarking for the purposes of ICAAP exercises
• Acting as a key point of contact and source of knowledge on stress scenario and credit models across the bank

Qualifications and Experience Required:

• Experience in the development of credit risk models in banking, ideally including PD, LGD and EAD models
• Experience in the development and execution of credit risk stress testing models
• Knowledge of analysing and evaluating stressed economic scenarios and the communication of the consequent impact on credit portfolios
• Ability to extract and manipulate large datasets to support risk model development, including the use of modelling software tools (e.g. SAS, Python, R)
• Knowledge of credit risk management processes and monitoring metrics