Stress Testing Modelling Manager

Campion Pickworth; Greater London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A specialist bank in Greater London is seeking a Stress Testing Modelling Manager to lead the redevelopment of their credit risk stress testing models. The role involves providing insights and recommendations to assist strategic objectives while managing enhancements and maintenance of model structures. Candidates should possess strong knowledge of Credit Risk and experience in stress testing and forecasting, alongside SQL and SAS skills. The position offers a hybrid working environment.

Qualifications

• Strong understanding of Credit Risk with extensive relevant experience in developing Credit Risk Models.
• Experience in undertaking stress testing and forecasting exercises.
• Understanding of IFRS 9 model requirements and development experience.

Responsibilities

• Lead redevelopment and execution of stress testing models for credit risk.
• Provide insights to the front-line business on risk profile.
• Implement model changes and enhancements as needed.
• Support IFRS 9 expected losses activities.
• Maintain data structure for model risk management.
• Provide support to Risk and Compliance function.

Skills

Credit Risk understanding

Stress testing experience

SQL

SAS

Statistical modelling

Excellent written and presentational skills

Job description

About the job Stress Testing Modelling Manager

Our client, a specialist bank, is looking to recruit a Stress Testing Modelling Manager

within their London office, with hybrid working. Youll be based in the Model Development team and will develop, monitor and maintain optimised models for credit risk and capital purposes, coordinating effort across the Credit Risk and Finance functions of the organisation.

Role Responsibilities:

• Leading the re-development, enhancement, documentation and execution of the banks Pillar 2A Credit Risk and Pillar 2B stress testing models for the annual planning and stress testing cycles
• Providing insight and recommendations on key outputs from the process to aid the front-line business in understanding their overall risk profile and driving strategic objectives in line with PRA best practice guidelines
• Identifying and implementing model changes and enhancements as needed
• Supporting the teams ongoing IFRS 9 expected losses activities
• Maintenance and continuous improvement of an appropriate data structure to deliver efficient and effective model risk management
• Providing support to the broader Risk and Compliance function where required

Qualifications and Experience Required:

• A strong understanding of Credit Risk with extensive relevant experience in developing Credit Risk Models
• Significant experience of undertaking stress testing and forecasting exercises
• Thorough understanding of IFRS 9 model requirements and development experience
• Strong mathematical and statistical background and knowledge of statistical modelling techniques
• Significant experience of using SQL & SAS; knowledge of other programming languages an asset
• Excellent written and presentational skills