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- Tasks: Lead the development of credit risk models and execute stress testing for corporate IRB.
- Company: Established bank offering a hybrid working environment in London.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Why this job: Make a significant impact on risk management while working with advanced modelling techniques.
- Qualifications: Experience in credit risk model development and strong analytical skills required.
- Other info: Join a dynamic team with a focus on innovation and compliance.
The predicted salary is between 48000 - 72000 £ per year.
Our client, an established bank, is looking to recruit a Stress Testing Manager in their London office, with hybrid working. This exciting opportunity will involve developing and maintaining both statistical and slotting corporate IRB credit models, exploring new and existing data sources and ensuring model compliance against regulatory standards. The role will also involve development and execution of stress testing models.
Role Responsibilities:
- Playing a key role in the design, development, implementation and maintenance of credit risk models, primarily with a focus on corporate IRB and stress testing models.
- Leading key elements of corporate credit model developments (both IRB and stress testing) and stress testing execution, anticipating constraints and risks to plans and taking mitigating actions.
- Leading in the design and generation of economic scenario analytics and benchmarking for the purposes of ICAAP exercises.
- Acting as a key point of contact and source of knowledge on stress scenario and credit models across the bank.
Qualifications and Experience Required:
- Experience in the development of credit risk models in banking, ideally including PD, LGD and EAD models.
- Experience in the development and execution of credit risk stress testing models.
- Knowledge of analysing and evaluating stressed economic scenarios and the communication of the consequent impact on credit portfolios.
- Ability to extract and manipulate large datasets to support risk model development, including the use of modelling software tools (e.g. SAS, Python, R).
- Knowledge of credit risk management processes and monitoring metrics.
Stress Testing Manager - Risk employer: Campion Pickworth
Contact Detail:
Campion Pickworth Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Stress Testing Manager - Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and risk management sectors. Attend industry events or webinars to meet potential employers and get your name out there. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Since this role involves credit risk models and stress testing, be ready to discuss your experience with PD, LGD, and EAD models. We recommend practising common interview questions related to these topics.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've extracted and manipulated large datasets in past roles. This will demonstrate your ability to handle the technical aspects of the job and make you stand out to hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. So, go ahead and submit your application today!
We think you need these skills to ace Stress Testing Manager - Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Stress Testing Manager role. Highlight your experience with credit risk models and stress testing, and don’t forget to mention any relevant software skills like SAS, Python, or R.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Talk about your experience in developing credit risk models and how you can contribute to our team at StudySmarter.
Showcase Your Analytical Skills: Since this role involves analysing stressed economic scenarios, make sure to showcase your analytical skills in your application. Provide examples of how you've successfully handled large datasets and model development in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better!
How to prepare for a job interview at Campion Pickworth
✨Know Your Models Inside Out
Make sure you’re well-versed in the credit risk models mentioned in the job description, especially PD, LGD, and EAD models. Brush up on your knowledge of stress testing models and be ready to discuss how you've developed or executed these in the past.
✨Showcase Your Data Skills
Be prepared to talk about your experience with large datasets and the modelling software tools like SAS, Python, or R. Have specific examples ready that demonstrate how you've extracted and manipulated data for model development.
✨Understand Regulatory Standards
Familiarise yourself with the regulatory standards related to credit risk models. Be ready to discuss how you ensure compliance in your work and any challenges you've faced in maintaining these standards.
✨Prepare for Scenario Analysis Questions
Expect questions on economic scenario analytics and how they impact credit portfolios. Think of examples where you've analysed stressed scenarios and be ready to explain your thought process and findings.
