Stress Testing Model Development Manager

  • Competitive
  • Birmingham, England, United Kingdom Birmingham England GB
  • Permanent, Full time
  • RBS
  • 16 Mar 18 2018-03-16

See job description for details

The Business
Join us as a Stress Testing Model Development Manager in Edinburgh, Manchester or Birmingham

  • This is an exciting opportunity for a Modelling Manager to join our Stress Testing Modelling team in the Risk Analytics & Models function within Enterprise Wide Risk
  • You'll be managing the development of Credit Risk Stress Testing models, focusing on the Wholesale portfolios, but with flexibility to work on Retail as well
  • You'll be well positioned to raise your profile as you collaborate with highly skilled colleagues across the Risk community, in an area which is extremely high profile
  • Flexible working is available with this role

What you'll do

Our team are responsible for the development of Credit Risk Stress Testing models across the bank. These are deployed within regulatory stress tests as well as for individual businesses to consider their strategy decisions. You'll take ownership of the full stress testing model lifecycle, from being involved in what projects get prioritised, engaging with stakeholders in the business to gain their buy-in, through scoping, model development and analysis stages, to delivery and supporting the ongoing use of the models.

Your duties will also include:
  • Project managing model developments and projects and managing one or more model development analysts
  • Working with business risk specialists and an independent stress testing validation unit to resolve or mitigate data and model risks and issues
  • Taking part in peer review activity and keeping abreast of new advances in risk modelling techniques to ensure the bank's stress testing models are best-in-class
  • Assisting in developing policy standards and model documentation standards in line with stress testing forecasting models and calculation engines
  • Liaising with Execution teams in the implementation and use of the models, supporting any questions from stakeholders

The skills you'll need

This is quantitative work, and you'll need a degree in a numerate or analytical discipline - such as Mathematics, Statistics, or Sciences - to take it on. Ideally you'll have had prior experience working on model development in banking or financial services, or at least have a track record delivering success in roles with an analytical or statistical aspect.

You'll be technically adept, and will also:
  • Have experience of building models in SAS, R, Matlab or equivalent, and be proficient with MS Office applications
  • Be able to engage and motivate your team members as you all work towards agreed targets, making sure your workloads are effectively planned and organised
  • Have excellent communication skills, including the ability to discuss complex analytical ideas with non-technical colleagues in a meaningful way
  • Demonstrate fantastic stakeholder management skills
  • Have a sound understanding of risk management principles
  • Have experience in credit risk modelling or bank governance

How we'll reward you

In return, we offer a competitive salary plus 30% cash and benefit funding programme that can be tailored to suit your individual needs. In addition, we provide a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your work/life priorities.

Visit our reward and benefits page for more information on the benefit packages we offer.


At RBS, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we'll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles - find out more .

As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you'll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.