At a Glance
- Tasks: Lead the development and maintenance of financial models for credit risk and other key areas.
- Company: Chetwood Bank, a forward-thinking digital bank focused on straightforward savings and mortgages.
- Benefits: 25 days holiday plus your birthday off, private health insurance, and pension contributions.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Join a dynamic team and make a real impact in the financial modelling space.
- Qualifications: 5+ years experience in finance, strong analytical skills, and proficiency in Python.
The predicted salary is between 60000 - 80000 £ per year.
We’re a UK-based digital bank dedicated to getting the basics right and offering straightforward savings and mortgages. As a Financial Modeller you will lead the development, enhancement and ongoing maintenance of the models underpinning Chetwoods 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 Chetwoods 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 Chetwoods 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.
25 days holiday PLUS your BIRTHDAY off. Pension contribution with Royal London. Life Assurance. Private medical, dental and optical health insurance with Axa. Free breakfast available.
Financial Modelling Manager in Manchester employer: Chetwood Bank
As a Senior Business Analyst at our Wrexham location, you will thrive in a dynamic work culture that prioritises collaboration and innovation. We offer competitive salaries, generous holiday allowances including your birthday off, and comprehensive health insurance, ensuring our employees feel valued and supported. With a strong focus on professional development and the opportunity to lead impactful change initiatives, we are committed to fostering an environment where you can grow and succeed.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Modelling Manager in Manchester
✨Tip Number 1
Network like a pro! Reach out to folks in the finance and risk sectors, especially those who work with IFRS 9 or financial modelling. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Show off your skills! If you've got experience with Python and statistical modelling, consider creating a portfolio of your work. Share it during interviews to demonstrate your expertise and problem-solving abilities.
✨Tip Number 3
Prepare for the interview by brushing up on key concepts related to credit risk and financial models. Be ready to discuss how you've tackled challenges in previous roles, especially around model validation and governance.
✨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. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Financial Modelling Manager in Manchester
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 you fit into our straightforward approach!
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 background aligns with our mission at Chetwood. Keep it concise but impactful – we love a good story!
Showcase Relevant Experience:When filling out your application, be sure to highlight any relevant projects or roles you've had that relate to credit risk and financial modelling. We’re looking for someone who can hit the ground running, so make it clear how your past experiences prepare you for this role.
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 the role. Plus, it shows you’re keen on joining our team at Chetwood!
How to prepare for a job interview at Chetwood Bank
✨Know Your Models Inside Out
Make sure you’re well-versed in the IFRS 9 expected credit loss framework and the core components like Probability of Default and Loss Given Default. Brush up on your knowledge of financial modelling techniques and be ready to discuss how you've applied them in previous roles.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and quantitative skills during the interview. Bring examples of how you've worked with large datasets and used tools like Python and SQL for model development. This will show that you can handle the technical demands of the role.
✨Collaborate and Communicate
Since this role involves working with multiple teams, think of examples where you’ve successfully collaborated across departments. Be ready to discuss how you communicate complex financial concepts to non-technical stakeholders, as this is crucial for the position.
✨Prepare Questions for Them
Have a few thoughtful questions ready about the bank's approach to risk management and model governance. This shows your genuine interest in the role and helps you assess if the company culture aligns with your values.
