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Senior Manager – Retail Credit Risk IRB Modelling
Our client is a specialist mortgage bank based in the UK. The bank is in the midst of securing IRB permission for its capital models and is strengthening and growing its modelling team to deliver its 2nd gen models as per PRA guidance. Due to the expanding workload, the team is looking to hire a Senior Manager who will lead 2-3 workstreams within the IRB project and help upskill the team of analysts working beneath.
The Senior Manager supports the Head of Credit Risk Modelling to oversee the management and evolution of the modelling function focused on the firm’s journey towards becoming an IRB accredited bank.
The role holder will take ownership of delivering a significant model development programme, including gaining approval from regulators and will have prior experience of managing development projects within IRB.
Your role will primarily focus on leading a team focussed on developing and implementing various types of predictive models, segmentation strategies, optimisation algorithms & data mining analysis. You’ll also aid the development, maintenance and monitoring of new IRB rating systems, regulatory PD, LGD, EAD & scorecard models.
You’ll also drive regulatory and compliance initiatives within Risk such as IFRS9 models and stress testing, credit risk scorecards and simulation models to optimise operational processes and to quantify & manage operational risks. You’ll utilise your expertise in predictive modelling to drive forecasting, pricing, capital & impairment modelling.
Applicants should possess significant experience of retail IRB models (as a developer or validator), preferably with exposure to mortgage models. Prior experience of managing, developing and coaching less experienced modellers is also essential. Strong knowledge of relevant CRR IRB regulations is also vital.
NB Visa sponsorship is NOT available for this position.
We seek individuals from a diverse talent pool and encourage applicants from underrepresented groups to apply to our vacancies. Our commitment to fair recruitment processes means that we welcome applicants from all backgrounds, regardless of their lived experience or personal characteristics. We also invite applicants who meet most of the listed requirements, even if not all, to apply. If you require any adjustments to the application process, please let us know.
Barclay Simpson acts as an Employment Agency for permanent positions and an Employment Business for temporary/contract engagements.
