Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- 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, excellent benefits, and a competitive salary package.
- Why this job: Be part of a dynamic team making impactful decisions in risk management and model development.
- Qualifications: Significant experience in IRB model development and proficiency in SAS, Python, or R required.
- Other info: Opportunity to influence stakeholders and drive team development in a supportive environment.
The predicted salary is between 43200 - 72000 £ 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: JR United Kingdom
Contact Detail:
JR United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager - IRB Model Development, Commercial Banking
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who have experience in IRB model development. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends and challenges in risk modelling.
✨Tip Number 2
Familiarise yourself with the specific regulatory requirements and standards that govern IRB models in the UK. Understanding these regulations will not only enhance your knowledge but also demonstrate your commitment to compliance during interviews.
✨Tip Number 3
Showcase your technical skills by engaging in relevant projects or contributing to open-source initiatives that involve statistical analysis software like SAS, Python, or R. This hands-on experience can set you apart from other candidates.
✨Tip Number 4
Prepare for interviews by practising how to effectively communicate complex modelling concepts to non-technical stakeholders. Being able to simplify your insights will highlight your strong communication skills, which are essential for this role.
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 that demonstrate your expertise in statistical analysis software like SAS, Python, or R.
Craft a Compelling Cover Letter: In your cover letter, emphasise your leadership skills and experience managing complex model development projects. Mention your ability to communicate effectively with stakeholders and how you can contribute to the team's success.
Highlight Relevant Experience: When detailing your work history, focus on roles where you developed or remediated credit risk models. Include any experience with economic processes and IFRS 9, as this will give you an edge over other candidates.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for a role in risk management.
How to prepare for a job interview at JR United Kingdom
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the IRB model development process and the specific responsibilities outlined in the job description. Familiarise yourself with the bank's standards and regulatory compliance requirements to demonstrate your expertise.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with statistical analysis software like SAS, Python, or R. Bring examples of past projects where you successfully developed or remediated credit risk models, highlighting your technical proficiency and problem-solving abilities.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating complex concepts in a clear and concise manner. Be ready to explain how you've influenced stakeholders in previous roles and how you can do the same in this position.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your decision-making skills and ability to manage multiple complex projects. Think of examples from your past experiences where you successfully navigated challenges and delivered results, as this will showcase your leadership capabilities.
