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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 risk management and model development.
- Qualifications: Significant experience in IRB model development and expertise in statistical analysis software required.
- Other info: Bonus points for knowledge of economic processes and IFRS 9.
The predicted salary is between 72000 - 108000 £ 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 is understood and identifying opportunities for 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.
- Expertise in using statistical analysis software such as SAS, Python, or R.
- Strong communication skills, the ability to influence stakeholders, and experience with decision-making.
- Bonus points for experience with economic processes and IFRS 9.
This role offers market-leading benefits, an excellent remuneration package, and the option to work fully remote.
Manager – IRB Model Development – Corporate/Commercial employer: Barclay Simpson
Contact Detail:
Barclay Simpson Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager – IRB Model Development – Corporate/Commercial
✨Tip Number 1
Network with professionals in the banking and risk modelling sectors. Attend industry conferences or webinars to connect with potential colleagues and learn about the latest trends in IRB model development.
✨Tip Number 2
Showcase your expertise in statistical analysis software like SAS, Python, or R by contributing to open-source projects or writing articles. This will not only enhance your skills but also demonstrate your commitment to the field.
✨Tip Number 3
Prepare for interviews by familiarising yourself with the bank's current model landscape and regulatory compliance requirements. Being knowledgeable about their specific challenges will help you stand out as a candidate who can hit the ground running.
✨Tip Number 4
Develop your communication and influencing skills by engaging in public speaking or leadership roles in your current position. This will prepare you to effectively convey complex modelling concepts to stakeholders during the interview process.
We think you need these skills to ace Manager – IRB Model Development – Corporate/Commercial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your significant experience in IRB model development, particularly within Business credit portfolios. Use specific examples to demonstrate your expertise in statistical analysis software like SAS, Python, or R.
Craft a Compelling Cover Letter: In your cover letter, emphasise your strong communication skills and ability to influence stakeholders. Mention any relevant experience with economic processes and IFRS 9, as this could give you an edge.
Highlight Leadership Experience: Since the role involves leading a team, be sure to showcase any previous leadership or mentoring experiences. Discuss how you've driven team development and model enhancements in past roles.
Showcase Your Understanding of Compliance: Demonstrate your knowledge of regulatory compliance requirements in your application. Explain how you have ensured that models meet these standards in your previous work.
How to prepare for a job interview at Barclay Simpson
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with IRB model development in detail. Highlight specific projects where you used statistical analysis software like SAS, Python, or R, and be ready to explain the methodologies you employed.
✨Demonstrate Leadership Skills
Since this role involves leading a team, share examples of how you've successfully managed teams in the past. Discuss your approach to mentoring and developing talent within your team, as well as how you handle project management.
✨Communicate Effectively
Strong communication skills are crucial for this position. Practice articulating complex concepts in a clear and concise manner, especially when discussing model performance and enhancements. Be ready to provide examples of how you've influenced stakeholders in previous roles.
✨Understand Regulatory Compliance
Familiarise yourself with the regulatory requirements relevant to IRB models and credit risk. Be prepared to discuss how you ensure compliance in your work and any experiences you have had with IFRS 9 or similar economic processes.
