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- Tasks: Lead the development and oversight of Internal Ratings Based (IRB) models in credit risk.
- Company: Join a specialist Credit Risk Modelling team at a leading financial services firm.
- Benefits: Gain exposure to high-profile regulatory models and influence key credit risk decisions.
- Why this job: Develop your expertise in a supportive environment with regular senior stakeholder engagement.
- Qualifications: Experience in credit risk modelling and strong quantitative skills required.
- Other info: Collaborative culture with opportunities for mentoring and professional growth.
The predicted salary is between 43200 - 72000 £ per year.
We are looking for an experienced Quantitative Risk Manager to join a specialist Credit Risk Modelling team and take a leading role in the development, implementation and oversight of Internal Ratings Based (IRB) models. This role offers broad exposure across Retail and Corporate, combining deep technical modelling work with senior stakeholder engagement and regulatory-facing deliverables.
You will be responsible for the end-to-end lifecycle of IRB models, from design and calibration through to governance, documentation and ongoing performance monitoring. This includes:
- Developing and maintaining PD, LGD, scorecard, slotting and stress testing models
- Delivering annual model reviews, recalibrations and ad-hoc testing
- Defining data requirements for LGD modelling and assessing data quality and availability against regulatory and internal standards
- Working closely with collections, recoveries and collateral teams to resolve data gaps
- Producing high-quality model documentation, reports and regulatory artefacts, including annual IRB self-assessments and remediation plans
- Presenting complex methodologies and results to senior management committees
- Providing training and technical guidance on modelling approaches
- Supporting and mentoring junior colleagues within the team
- Operating in line with the organisation’s risk management framework and governance standards
About you: You’ll bring strong technical expertise alongside the ability to communicate clearly and confidently with non-technical stakeholders. Key experience and skills include:
- Background in credit risk modelling within financial services
- Practical experience with IRB models (Retail and/or Corporate)
- Sound knowledge of IRB regulatory requirements (CRR, EBA, PRA)
- Strong quantitative skills, including statistical modelling and validation
- Hands-on use of SAS, SQL and/or R
- High attention to detail and a strong focus on quality
- A proactive, collaborative and well-organised working style
This is a chance to work on material, high-profile regulatory models, influence key credit risk decisions, and develop your expertise in a technically strong and supportive environment with regular exposure to senior stakeholders.
Manager – IRB Model Development in City of London employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager – IRB Model Development in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We can help you find opportunities that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by practising common questions related to IRB models and credit risk. We suggest doing mock interviews with friends or using online resources to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your technical skills! Bring along examples of your work, like model documentation or reports, to demonstrate your expertise during interviews. We believe this will set you apart from other candidates.
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can leave a lasting impression. We recommend reiterating your interest in the role and mentioning something specific from your conversation.
We think you need these skills to ace Manager – IRB Model Development in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Manager – IRB Model Development. Highlight your experience with credit risk modelling and any specific IRB models you've worked on. We want to see how your skills match what we're looking for!
Showcase Your Technical Skills: Don’t forget to showcase your technical expertise, especially in SAS, SQL, or R. We love seeing candidates who can demonstrate their quantitative skills and knowledge of regulatory requirements. Make it clear how you’ve applied these in your previous roles.
Communicate Clearly: Since this role involves engaging with non-technical stakeholders, make sure your application reflects your ability to communicate complex ideas simply. We appreciate clarity and confidence in your writing, so keep it straightforward and professional.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it’s super easy to do!
How to prepare for a job interview at Barclay Simpson
✨Know Your Models Inside Out
Make sure you have a solid understanding of the IRB models you'll be working with. Brush up on your knowledge of PD, LGD, and scorecard models, as well as stress testing methodologies. Being able to discuss these in detail will show your technical expertise and confidence.
✨Prepare for Stakeholder Engagement
Since this role involves presenting complex methodologies to senior management, practice explaining your work in simple terms. Think about how you can convey technical concepts clearly to non-technical stakeholders. This will demonstrate your communication skills and ability to engage effectively.
✨Familiarise Yourself with Regulatory Requirements
Get to grips with the relevant IRB regulatory requirements like CRR, EBA, and PRA. Be ready to discuss how these regulations impact model development and governance. Showing that you understand the regulatory landscape will set you apart from other candidates.
✨Showcase Your Collaborative Spirit
This role requires working closely with various teams, so be prepared to share examples of how you've successfully collaborated in the past. Highlight your proactive approach and how you’ve resolved data gaps or improved processes through teamwork. This will illustrate your fit within their collaborative culture.
