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 simplicity and efficiency.
- Benefits: Competitive salary, 25 days holiday plus your birthday off, and private health insurance.
- Other info: Enjoy hybrid working and free breakfast in a supportive environment.
- 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 - 70000 £ 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
About Chetwood Bank: We’re a UK-based digital bank dedicated to getting the basics right and offering straightforward savings and mortgages.
Financial Modelling Manager - Manchester employer: Chetwood Bank
Chetwood Bank is an exceptional employer located in Manchester, offering a dynamic work environment that fosters collaboration and innovation. With competitive salaries, generous benefits including 25 days holiday plus your birthday off, and opportunities for professional growth in the financial sector, employees are empowered to excel in their roles. The bank's commitment to a hybrid working model and a supportive culture makes it an attractive place for those seeking meaningful and rewarding careers in financial modelling.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Modelling Manager - 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. A casual chat can lead to opportunities you won’t find on job boards.
✨Tip Number 2
Show off your skills! If you’ve got experience with Python or SQL, consider creating a mini-project or model to demonstrate your expertise. Share it on LinkedIn or during interviews to stand out.
✨Tip Number 3
Prepare for the interview by brushing up on your knowledge of credit risk and financial modelling. Be ready to discuss how you’ve tackled challenges in past roles and how you can contribute to Chetwood’s goals.
✨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 - 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!
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 makes you a perfect fit for Chetwood. Keep it concise but impactful!
Showcase Relevant Experience:When filling out your application, be sure to emphasise your relevant experience, especially in developing and validating financial models. Mention any specific projects or achievements that demonstrate your expertise.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining the 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 financial models relevant to the role, especially those related to IFRS 9. Brush up on Probability of Default, Exposure at Default, and Loss Given Default. Being able to discuss these concepts confidently will show your expertise and readiness for the position.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical and quantitative skills during the interview. Bring examples of past projects where you used Python or SQL to analyse large datasets. This will highlight your technical abilities and how they can benefit the team at Chetwood.
✨Understand the Regulatory Framework
Familiarise yourself with the IFRS 9 regulatory frameworks and any recent changes. Being able to discuss these regulations and their implications on credit risk will impress the interviewers and show that you’re proactive about staying informed in your field.
✨Collaborate and Communicate
Since the role involves working with multiple teams, be prepared to discuss your experience in collaboration. Share examples of how you’ve effectively communicated complex financial concepts to non-technical stakeholders, as this will demonstrate your ability to work across departments.
