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- Tasks: Lead the development and maintenance of financial models for credit risk and IFRS 9.
- Company: Join Chetwood, a forward-thinking bank focused on innovation and collaboration.
- Benefits: Enjoy a competitive salary, 25 days holiday plus your birthday off, and hybrid working.
- Other info: Dynamic team environment with opportunities for professional growth and development.
- Why this job: Make a real impact in finance while working with cutting-edge modelling techniques.
- Qualifications: 5+ years experience in finance, strong analytical skills, and proficiency in Python.
The predicted salary is between 60000 - 75000 £ per year.
As a Financial Modeller you will lead the development, enhancement and ongoing maintenance of the models underpinning Chetwood’s IFRS 9 expected credit loss framework. This includes core credit risk components such as Probability of Default, Exposure at Default, Loss Given Default and Significant Increase in Credit Risk. You will support the Head of Financial Modelling with the development and maintenance of a number of other key financial models used across the bank, including models supporting effective interest rate calculations, hedge effectiveness assessment and fair value measurement. You will collaborate with multiple teams across the organisation, particularly within Risk and Finance.
Key Responsibilities
- Development and ongoing validation for the suite of models used in the IFRS 9 ECL calculation.
- Ownership of monthly model monitoring for review by model governance committee, credit risk committee and board risk/audit committees.
- Maintaining oversight of all models as per the requirements set out in Chetwood’s model governance framework.
- Assist in the development and maintenance of financial models across the business.
- Support the build out of the credit and market risk models for Chetwood's Wholesale portfolios.
- Support wider finance/risk projects, including financial planning and ICAAP.
- Assist in preparing materials and analysis for internal and external stakeholders.
Skills, Knowledge and Expertise
- 5 years+ of relevant experience (mortgages, financial instruments preferred).
- Strong interest in credit risk with detailed knowledge of IFRS9 regulatory frameworks.
- Excellent analytical and quantitative skills.
- Proficiency with standard toolsets, in particular Python.
- Expertise in statistical modelling across the full life cycle of financial instruments using a range of platforms and algorithms.
- Candidates should be comfortable working with large datasets and using analytical programming tools such as Python and SQL to support model development and analysis.
- Numerate Degree e.g. bachelor’s degree in finance, Economics, Mathematics, Business, Physics or related fields.
Benefits
- Competitive salary
- 25 days holiday PLUS your BIRTHDAY off
- Pension contribution with Royal London
- Life Assurance
- Private medical, dental and optical health insurance with Axa
- Hybrid working
- Free breakfast available
Financial Modelling Manager - London employer: Chetwood Bank
Contact Detail:
Chetwood Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Modelling Manager - London
✨Tip Number 1
Network like a pro! Reach out to people in the finance and risk sectors, especially those who work with IFRS 9. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Show off your skills! If you’ve got experience with Python and statistical modelling, consider creating a portfolio of your work. It’s a great way to demonstrate your expertise beyond the application.
✨Tip Number 3
Prepare for interviews by brushing up on your knowledge of credit risk and IFRS 9 frameworks. We recommend having some real-world examples ready to showcase your analytical skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people at Chetwood. Plus, we love seeing candidates who are proactive!
We think you need these skills to ace Financial Modelling Manager - London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Modelling Manager role. Highlight your experience with IFRS 9 and credit risk, and don’t forget to showcase your analytical skills and proficiency in Python. We want to see how your background fits with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about financial modelling and how your skills align with our needs. Be sure to mention any relevant projects or experiences that demonstrate your expertise in credit risk and model development.
Showcase Your Technical Skills: Since this role involves working with large datasets and analytical tools, make sure to highlight your technical skills in Python and SQL. We love seeing examples of how you’ve used these tools in past roles, so don’t hold back on sharing your achievements!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go. Plus, it helps us keep track of your application better!
How to prepare for a job interview at Chetwood Bank
✨Know Your Models Inside Out
Make sure you’re well-versed in the financial models relevant to the role, especially those related to IFRS 9. Brush up on key concepts like Probability of Default and Loss Given Default, as these will likely come up during your interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with analytical programming tools like Python and SQL. Be ready to share specific examples of how you've used these tools to develop or validate financial models, as this will demonstrate your hands-on expertise.
✨Understand the Regulatory Framework
Familiarise yourself with the IFRS 9 regulatory frameworks and be prepared to discuss their implications on credit risk modelling. This shows that you not only understand the technical side but also the regulatory environment in which the bank operates.
✨Collaborate and Communicate
Since the role involves working with multiple teams, think of examples where you’ve successfully collaborated across departments. Highlight your communication skills and how you can convey complex modelling concepts to non-technical stakeholders.