Vacancy Details

The Company:

Our Client is one of the leading Retail Banks in the UK.

The Group operates under a number of well known brands and it's product range includes Retail Banking, Wealth Management, Corporate Markets, Global Banking Markets and Insurance.

The Role:

• Validate and regularly review Retail Division credit risk models to agreed standards
• Document Divisional model development, model monitoring, validation and stress testing standards and ensure that all projects are run in accordance with the required standards
• Manage a team of staff with expertise in model development, statistical techniques and BIPRU compliance
• Produce validation reports on all new Retail Division credit models to the agreed standards
• Complete the annual review of Retail Division rating systems within agreed timescales
• Lead the enhancement of development and monitoring methodologies used in rating systems within Retail Division, including appropriate statistical techniques
• Advise on the compliance of credit ratings models with BIPRU and Group Credit Policy
• Represent Divisional Risk on projects which involve the use or development of credit ratings systems models
• Liaise between Retail Division business units and modelling teams and Group Credit and ensure a consistent approach to Basel across the Division
• Stay abreast of regulatory and statistical developments in order to ensure ongoing compliance and best practice across Retail Division
• Develop the technical and managerial skills of team members to meet the current and future needs of the business

The Person:

• Strong academic background (preferably MSc or equivalent) in a relevant quantitative discipline
• 5+ years of risk modelling experience
• The development of Basel rating models for retail asset classes
• Comprehensive understanding of Basel II requirements
• Results oriented and focused on delivering business impact, strong stakeholder management and presentation skills (written and verbal)
• Excellent project management skills