Model Risk Management Analyst (Quantitative Risk) Model Risk Management Analyst (Quantitative Risk) …

Aston Carter
in London, United Kingdom
Permanent, Full time
Last application, 26 Oct 20
GBP70000 - GBP90000 per annum + 15% pension
Aston Carter
in London, United Kingdom
Permanent, Full time
Last application, 26 Oct 20
GBP70000 - GBP90000 per annum + 15% pension
A high growth bank, currently looking to expand their presence in the UK, is starting an IRB project and is hiring 5 people with experience in credit risk. With start dates at the beginning of 2021, the hiring managers want to conclude this process quickly and as such have started the interview process already. They need analytical, articulate, team players to join their small team who will be working on this project for the foreseeable future.

This bank is hiring a Model Risk Management Analyst to work with an IRB project from conception. For the successful applicant it will be an opportunity to be involved in an end-to-end project, working with PD, EAD and LGD models. This role will be one of five others in this hiring project, which when complete, will be part of a team of 8 meaning there will be the opportunity for more exposure and added responsibility.

Within the Model Risk Management Analyst role there will be a need for experience working with IRB models, specifically validating wholesale/corporate PD, LGD, EAD and other existing models such as stress testing models (which will start towards Q4 in 2021). Experience developing models would be beneficial as the role will support the build out. In addition, knowledge of regulatory governance is required as there will be a need to develop documentation of model risk policies and model inventory for the UK subsidiary. There is some policy in pace, however, there is a lot more build that will be needed. Experience working with model risk validation is preferred to IRB experience, however, experience working with PD, LGD and EAD models would be beneficial. A Model Risk Management Analyst will need strong analytical skills and a similar background, ideally working with SAS, SQL or similar statistical data programmes, with 5 or more years working in a similar or relevant area.

The hiring bank is currently going through a high growth period as they look to increase their UK presence. Their focus is very much centred around relationships and satisfied customers. Based on traditional values, the bank believe banking should be local and personal and that the interests of the customers should always come first. They aim to ensure that the working culture is a healthy, collaborative and team centric atmosphere. The bank employee a de-centralised system meaning that each region has its own board, meaning more efficient decisions can be taken.

Requirements

  • Minimum of 5 years of relevant experience working in financial services including experience with IRB modelling, ideally validation
  • Good understanding of the IRB regulation, regulatory guidelines and knowledge of best practices for model risk management and model validation
  • Strong analytical background and good numerical skills, ideally a degree in mathematics, statistics, data science or engineering
  • Experience with statistical data programmes, ideally SAS or SQL

Profile

  • Must have the ability to communicate, analyse and articulate in order to present complex issues clearly and concisely
  • Must be a strong and proactive team player
  • High attention to detail and ability to deliver high quality outcomes

Trading as Aston Carter. Allegis Group Limited, Maxis 2, Western Road, Bracknell, RG12 1RT, United Kingdom. No. 2876353. Aston Carter is a company within the Allegis Group network of companies (collectively referred to as "Allegis Group"). Aerotek, Aston Carter, EASi, Talentis Solutions, TEKsystems, Stamford Consultants and The Stamford Group are Allegis Group brands. If you apply, your personal data will be processed as described in the Allegis Group Online Privacy Notice available at https://www.allegisgroup.com/en-gb/privacy-notices.

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