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- Tasks: Lead the development and oversight of cutting-edge IRB models in credit risk.
- Company: Join a leading firm in financial services with a focus on risk management.
- Benefits: Competitive salary, professional growth, and exposure to senior stakeholders.
- Why this job: Make impactful decisions in a supportive environment while enhancing your technical skills.
- Qualifications: Experience in credit risk modelling and strong quantitative skills required.
- Other info: Collaborative team culture with opportunities for mentorship and career advancement.
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 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 London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk management sectors. Attend industry events or webinars where you can meet potential employers and showcase your expertise in credit risk modelling.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of IRB models. Be ready to discuss your experience with SAS, SQL, and R, and how you've tackled challenges in model development and validation.
✨Tip Number 3
Showcase your communication skills! Practice explaining complex modelling concepts in simple terms. This will help you connect with non-technical stakeholders during interviews and demonstrate your ability to engage with senior management.
✨Tip Number 4
Don't forget to apply through our website! We have loads of opportunities that match your skills in quantitative risk management. Plus, it’s a great way to get noticed by hiring managers who are looking for top talent like you.
We think you need these skills to ace Manager – IRB Model Development in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your background in credit risk modelling and any hands-on experience with IRB models to catch our eye!
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share your passion for quantitative risk management and how your expertise aligns with our needs, especially in developing and maintaining IRB models.
Showcase Your Technical Skills: Don’t forget to mention your proficiency in SAS, SQL, or R! We love seeing candidates who can demonstrate their technical prowess, so include any relevant projects or achievements that highlight these skills.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity in our Credit Risk Modelling team!
How to prepare for a job interview at Barclay Simpson
✨Know Your Models Inside Out
Make sure you’re well-versed in the specifics of IRB models, including PD, LGD, and stress testing. Brush up on your technical knowledge and be ready to discuss your experience with these models in detail. This will show that you’re not just familiar with the concepts but can also apply them practically.
✨Communicate Like a Pro
Since this role involves engaging with non-technical stakeholders, practice explaining complex modelling concepts in simple terms. Use examples from your past experiences to illustrate your points. This will demonstrate your ability to bridge the gap between technical and non-technical audiences.
✨Prepare for Regulatory Questions
Familiarise yourself with the latest IRB regulatory requirements, such as CRR and EBA guidelines. Be prepared 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 ready to share examples of how you’ve successfully collaborated in the past. Highlight any mentoring or training experiences you've had, as this will demonstrate your leadership potential and commitment to team success.
