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Associate, Credit Risk Analytics - Bulge Bracket Investment Bank

Location: London, England, United Kingdom

Salary: £Excellent Base + Benefits + Bonus

As an Associate in Regulatory & Analytics team based in London, you will play a key role in the credit risk management function and overall capital adequacy process and be responsible for leading projects and participating in activities primarily related to these important regulatory initiatives.

The key responsibilities are:

Protect and manage the firm's capital by developing or enhancing internal risk-based methodologies under Basel 3 advanced capital frameworks.

Performing parameter quantification (exposure at default / probability of default / loss given default) of Wholesale credit risk portfolios for use in risk based capital requirements

Interacting with Regulators as part of the ongoing supervision process and applications for permission.

Monitoring, analysing and explaining changes in the firm's credit risk exposures and capital requirements across products, sectors and regions

Interacting with Regulatory Controllers and other stakeholders to ensure the appropriateness of processes and accuracy of credit risk capital calculations and input risk parameters \

Stress testing of various sources of credit risk, including Credit Valuation Adjustment (CVA)

Assessing Basel III capital requirements for prospective transactions 

Providing input into regulatory rule interpretation and policy related decision making

Project managing the implementation of various process and technology initiatives related to Basel III


Bachelor's degree

Minimum of 3 years of experience

Significant experience in Basel 3 regulation, including methodologies for AIRB, IMM, Advanced CVA VaR and the application of such guidance within a large financial institution.

Demonstrable track record of independent assessment of regulatory interpretation, decision making and the ability to steer business negotiations

Strong familiarity with investment banking products including loan products and derivatives

Strong documentation, analytical, presentational and communication skills required

Ability to comfortably and effectively interact with quantitative model developers, internal risk experts, and various stakeholders outside of Credit Risk

Strong organizational skills and the ability to manage multiple assignments concurrently

Proficient in Excel, PowerPoint and Word

Functional Expertise - Keeps up-to-date with emerging regulation, as well as business, economic, and market trends that may have implications for credit risk capital.

Technical Skills - Demonstrates strong technical skills required for the role, pays attention to details, takes initiative to broaden his/her knowledge and demonstrates appropriate financial/analytical skills 

Drive and Motivation - Successfully handles multiple tasks, takes initiative to improve his/her own performance, works intensely towards extremely challenging goals and persists in the face of obstacles or setbacks

Client and Business Focus - Effectively handles challenging requests, builds trusting and long-term relationships with internal and external stakeholders, helps to identify/define needs and manages expectations.

Gives evidence of being a strong team player, collaborates with others within and across teams, encourages other team members to participate and contribute and acknowledges others' contributions

Communication Skills - Communicates what is relevant and important in a clear and concise manner, shares information/new ideas with others, and demonstrates judgment to escalate as appropriate

Judgment and Problem Solving - Thinks ahead, anticipates questions, plans for contingencies, finds alternative solutions and identifies clear objectives. Sees the big picture and effectively analyses complex issues

Creativity/Innovation - Looks for new ways to improve current processes and develop creative solutions that are grounded in reality and have practical value

Influencing Outcomes - Presents sound, persuasive rationale for ideas or opinions. Takes a position on issues and influences others' opinions by presenting persuasive recommendations