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- Tasks: Lead the development of risk models and analytics across various risk areas.
- Company: Join a rapidly growing bank focused on robust risk management and strategic initiatives.
- Benefits: Enjoy high visibility, direct interaction with senior leadership, and opportunities for professional growth.
- Why this job: Make a significant impact on risk measurement while collaborating with top industry professionals.
- Qualifications: Requires a university degree, advanced education, and expertise in risk analytics and modeling.
- Other info: Engage with regulators to ensure compliance with key financial frameworks.
The predicted salary is between 48000 - 72000 £ per year.
We are currently partnered with a Chief Market Risk Officer at a bank poised for substantial asset growth. They are looking for an experienced Risk Analytics/Risk Modeling leader to help lead the development and refinement of risk models and analytics. In this role, you will lead modeling efforts across Market Risk Modeling (VaR), Counterparty Risk (PFE/CVA), ALM, Liquidity Risk, Interest Rate Risk in the Banking Book, and Mortgage Modeling.
We are seeking a risk analytics quantitative manager to develop and enhance risk models and analytics across Value-at-Risk (VaR), Potential Future Exposure (PFE), Mortgage risk, Liquidity risk and Interest rate risk in banking book. As the bank expects to grow its asset base, this role is critical in ensuring robust risk measurement, supporting strategic initiatives, and strengthening risk oversight.
The candidate will work closely with Market Risk Oversight, Model Validation, Treasury, ALM, Finance and the Capital Market Group. The role also requires direct interaction with the regulators, ensuring transparency in risk methodologies, stress testing frameworks, and compliance with Basel, CCAR, IRRBB and Liquidity Risk regulatory framework.
Reporting directly to the Chief Market Risk Officer (CMRO), this is a high-visibility role with exposure to senior leadership, including the Chief Risk Officer (CRO), Chief Operating Officer (COO), Chief Investment Officer (CIO) and Treasurer. Roles at this level typically require a university/college degree and higher level education such as a Masters degree, PhD, or certifications.
Contact Detail:
Selby Jennings Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager - Credit Risk
✨Tip Number 1
Familiarise yourself with the latest regulatory frameworks such as Basel, CCAR, and IRRBB. Understanding these regulations 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 risk management sectors. Attend industry conferences or webinars where you can meet key players and learn about current trends in risk analytics and modeling.
✨Tip Number 3
Brush up on your technical skills, particularly in Python and SQL, as these are crucial for risk modeling and analytics. Consider working on personal projects or contributing to open-source projects to showcase your abilities.
✨Tip Number 4
Prepare to discuss your previous experience with risk models and analytics in detail. Be ready to provide examples of how you've contributed to risk measurement and oversight in past roles, as this will be key in demonstrating your fit for the position.
We think you need these skills to ace Risk Manager - Credit Risk
Some tips for your application 🫡
Understand the Role: Thoroughly read the job description for the Risk Manager - Credit Risk position. Make sure you understand the key responsibilities, required skills, and qualifications. Tailor your application to highlight how your experience aligns with these requirements.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in risk analytics and modeling. Provide specific examples of projects or roles where you developed risk models, particularly in areas like VaR, PFE, and liquidity risk. Use quantifiable achievements to demonstrate your impact.
Showcase Technical Skills: Make sure to include your technical skills relevant to the role, such as proficiency in Python, SQL, and any other tools or methodologies mentioned in the job description. Highlight any certifications or advanced degrees that enhance your candidacy.
Craft a Compelling Cover Letter: Write a tailored cover letter that connects your background to the specific needs of the bank. Discuss your understanding of regulatory frameworks like Basel and CCAR, and express your enthusiasm for contributing to the bank's growth and risk management strategies.
How to prepare for a job interview at Selby Jennings
✨Showcase Your Technical Skills
Make sure to highlight your expertise in risk modeling and analytics, particularly in areas like VaR, PFE, and liquidity risk. Be prepared to discuss specific projects where you've successfully implemented these models, as this will demonstrate your hands-on experience.
✨Understand Regulatory Frameworks
Familiarise yourself with Basel, CCAR, and other relevant regulatory frameworks. During the interview, be ready to explain how you have ensured compliance in past roles, as this knowledge is crucial for the position.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in risk management. Think about how you would approach various risk scenarios and be ready to articulate your thought process clearly.
✨Engage with Senior Leadership Insights
Since this role involves interaction with senior leadership, prepare to discuss how you can contribute to strategic initiatives. Show your understanding of the bank's growth plans and how robust risk measurement can support these objectives.
