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- Tasks: Join a dynamic team to analyse credit risk and conduct stress testing for corporate portfolios.
- Company: Work with a prestigious international bank based in London, renowned for its financial services.
- Benefits: Enjoy competitive pay, potential remote work options, and opportunities for professional growth.
- Why this job: Make an impact in the banking sector while developing your skills in a supportive environment.
- Qualifications: 3-7 years in credit risk management; expertise in stress testing and financial modelling required.
- Other info: We value equity in recruitment; let us know how we can support your application.
The predicted salary is between 43200 - 72000 £ per year.
I am working with a well-known international bank in London, and they're looking for a Credit Risk Stress Testing Associate to join their team. You will work on credit portfolio management across Europe, the Middle East, and Africa, with a primary focus on stress testing and credit risk analysis.
In this role, you'll be responsible for stress testing the bank's EMEA corporate investment banking portfolio, assessing credit risk under various economic scenarios. You'll need to stay informed on regulatory requirements and industry standards related to credit risk, using research and analysis to produce actionable reports and updates.
You'll also manage the production of regular and ad-hoc reports on stress testing outcomes and portfolio performance, ensuring accuracy and timeliness. The job involves contributing to the development of credit risk management metrics and supporting enhancements to the credit risk stress testing framework through financial modelling.
The right candidate should ideally have 3 to 7 years of experience in credit risk management within financial services, preferably from a corporate bank. Hands-on experience with credit risk stress testing is essential. You'll need a solid understanding of banking concepts and risk management regulations, such as EBA guidelines or SS3/19, and proficiency in financial modelling using Excel and VBA - knowledge of R or Python is a plus. While familiarity with ESG risk principles is beneficial, it's not required if your credit risk expertise is robust.
If you meet the above set criteria, please apply or send a copy of your CV. In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.
Credit Risk Stress Testing Associate employer: Goodman Masson
Contact Detail:
Goodman Masson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Stress Testing Associate
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who specialise in credit risk management. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in stress testing.
✨Tip Number 2
Stay updated on regulatory requirements and industry standards related to credit risk. Familiarise yourself with EBA guidelines and SS3/19, as well as any recent changes that may impact stress testing practices.
✨Tip Number 3
Enhance your financial modelling skills, particularly in Excel and VBA. Consider taking online courses or certifications that focus on these tools, as they are crucial for producing accurate reports and analyses in this role.
✨Tip Number 4
Demonstrate your understanding of credit risk through practical examples in discussions or interviews. Be prepared to discuss specific scenarios where you applied your knowledge of stress testing and risk management effectively.
We think you need these skills to ace Credit Risk Stress Testing Associate
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Credit Risk Stress Testing Associate position. Make sure you understand the key responsibilities, required skills, and qualifications needed for the role.
Tailor Your CV: Customise your CV to highlight relevant experience in credit risk management and stress testing. Emphasise your hands-on experience with financial modelling and any familiarity with regulatory requirements like EBA guidelines.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for credit risk analysis and your understanding of the banking sector. Mention specific experiences that align with the job's requirements and how you can contribute to the team.
Highlight Technical Skills: Make sure to mention your proficiency in Excel and VBA, as well as any knowledge of R or Python. If you have experience with ESG risk principles, include that too, as it could set you apart from other candidates.
How to prepare for a job interview at Goodman Masson
✨Know Your Credit Risk Fundamentals
Make sure you have a solid grasp of credit risk management concepts and regulations, especially EBA guidelines and SS3/19. Be prepared to discuss how these apply to stress testing and portfolio management.
✨Showcase Your Financial Modelling Skills
Since proficiency in financial modelling using Excel and VBA is crucial, be ready to demonstrate your skills. You might be asked to solve a problem or explain your approach to modelling scenarios during the interview.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest trends in credit risk and stress testing. Being able to discuss recent developments or regulatory changes will show that you're proactive and knowledgeable about the field.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your analytical thinking and decision-making skills. Practice articulating how you would approach stress testing under different economic conditions and what metrics you would consider.
