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- Tasks: Lead the development of financial models for credit risk and collaborate across teams.
- Company: Chetwood, a forward-thinking bank with a focus on innovation.
- Benefits: Competitive salary, 25 days holiday plus your birthday off, and private health insurance.
- Why this job: Make a real impact in finance while working with cutting-edge modelling techniques.
- Qualifications: 5+ years in finance, strong analytical skills, and proficiency in Python.
- Other info: Enjoy hybrid working and free breakfast in a dynamic environment.
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
IFRS9 Financial Modeller - Credit Risk Specialist (Hybrid) in Manchester employer: Chetwood Bank
Contact Detail:
Chetwood Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IFRS9 Financial Modeller - Credit Risk Specialist (Hybrid) in Manchester
✨Tip Number 1
Network like a pro! Reach out to folks in the finance and credit risk space, especially those who work with IFRS 9. 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 or even on LinkedIn to catch the eye of hiring managers.
✨Tip Number 3
Prepare for those tricky interview questions! Brush up on your knowledge of Probability of Default and Loss Given Default. Being able to discuss these concepts confidently will set you apart from the competition.
✨Tip Number 4
Don’t forget to apply through our website! We love seeing candidates who are genuinely interested in joining us at Chetwood. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace IFRS9 Financial Modeller - Credit Risk Specialist (Hybrid) in Manchester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of IFRS9 Financial Modeller. Highlight your experience with credit risk and financial modelling, especially any work with IFRS 9 frameworks. We want to see how your skills match 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 credit risk and how your background makes you a great fit for our team. Don’t forget to mention your proficiency in Python and any relevant projects you've worked on.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, make sure to include examples of how you've used these skills in past roles. Whether it's through statistical modelling or working with large datasets, we want to see your expertise in action!
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 gives you a chance to explore more about our company culture and values!
How to prepare for a job interview at Chetwood Bank
✨Know Your IFRS 9 Inside Out
Make sure you brush up on your knowledge of the IFRS 9 framework. Understand the key components like Probability of Default and Loss Given Default, as these will likely come up in your interview. Being able to discuss these concepts confidently will show that you're serious about the role.
✨Show Off Your Modelling Skills
Prepare to demonstrate your financial modelling expertise, especially with Python and SQL. You might be asked to solve a problem or explain your approach to model development. Practising with real datasets can help you articulate your thought process clearly during the interview.
✨Collaborate Like a Pro
Since the role involves working with multiple teams, be ready to discuss your experience in collaboration. Share examples of how you've worked with different departments, particularly in finance and risk, to achieve common goals. This will highlight your teamwork skills and adaptability.
✨Prepare Questions for Them
Interviews are a two-way street, so think of insightful questions to ask about the company’s model governance framework or their approach to credit risk. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.