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- Tasks: Lead a team in developing and enhancing credit risk models for effective risk management.
- Company: Join one of the UK's largest banks, known for its flexible working culture and career growth.
- Benefits: Enjoy remote work options, market-leading benefits, and an excellent remuneration package.
- Why this job: Be part of a dynamic team making impactful decisions in a supportive and innovative environment.
- Qualifications: Significant experience in IRB model development and proficiency in SAS, Python, or R required.
- Other info: Bonus points for knowledge of economic processes and IFRS 9.
The predicted salary is between 60000 - 84000 £ per year.
My client is one of the largest banks in the UK, renowned for their flexible working culture, remote working opportunities, excellent benefits and outstanding internal culture and career progression.
As part of a build out of the risk modelling team, I am looking for an experienced IRB modeller to lead a talented team of modelling analysts and data scientists responsible for developing and remediating the IRB & Scorecards model landscape to ensure effective risk management and capital allocation within the portfolio.
As part of this role, you will be responsible for:
- Managing multiple complex model development projects and analyses; delivering the scoping, design, development, validation and implementation of models, in line with Bank standards and regulatory compliance requirements.
- Taking ownership and responsibility for ensuring the performance of models are understood and identifying model enhancements.
- Leading the design and implementation of credit risk models in line with Bank standards and regulatory compliance requirements.
- Ensuring that the models in operation are robust, fit for purpose, and provide clear insights to stakeholders.
- Delivering high-quality model documentation and supporting the Bank in model usage and governance, while driving the development of your team.
To succeed in this role, you’ll need significant experience in IRB model development within Business credit portfolios and expertise in using statistical analysis software like SAS, Python, or R. Strong communication skills, the ability to influence stakeholders, and experience with decision-making are essential. Bonus points for experience with economic processes and IFRS 9.
This role offers market leading benefits and an excellent remuneration package, as well as the option to work fully remote.
Manager - IRB Model Development, Commercial Banking employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - IRB Model Development, Commercial Banking
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements and standards related to IRB model development. This knowledge will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 2
Network with professionals in the banking and finance sector, especially those involved in risk modelling. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 3
Showcase your leadership skills by discussing any previous experience managing teams or projects. Highlight how you’ve successfully guided teams through complex modelling tasks and how you’ve contributed to their professional development.
✨Tip Number 4
Prepare to discuss specific examples of models you’ve developed or enhanced in the past. Be ready to explain your thought process, the tools you used (like SAS, Python, or R), and the impact your work had on risk management and decision-making.
We think you need these skills to ace Manager - IRB Model Development, Commercial Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IRB model development, particularly within Business credit portfolios. Use specific examples of projects you've managed and the tools you've used, such as SAS, Python, or R.
Craft a Compelling Cover Letter: In your cover letter, emphasise your leadership skills and your ability to manage complex model development projects. Mention your strong communication skills and how you can influence stakeholders effectively.
Highlight Relevant Experience: When detailing your work history, focus on your achievements in model development and validation. Include any experience with economic processes and IFRS 9, as this could give you an edge over other candidates.
Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial for the role.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with IRB model development and the statistical analysis software you’ve used, such as SAS, Python, or R. Highlight specific projects where you successfully managed complex model development and how you ensured compliance with regulatory standards.
✨Demonstrate Leadership Skills
Since this role involves leading a team, be ready to share examples of how you've effectively managed teams in the past. Discuss your approach to mentoring analysts and data scientists, and how you foster a collaborative environment that drives performance.
✨Prepare for Stakeholder Engagement
Strong communication skills are crucial for this position. Think of instances where you influenced stakeholders or made decisions that impacted model development. Be ready to explain how you convey complex information clearly and persuasively.
✨Understand the Bank's Culture
Research the bank’s flexible working culture and internal values. During the interview, express how your personal values align with theirs and how you can contribute to their outstanding internal culture and career progression opportunities.
