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- Tasks: Join our Model Validation team to validate IRB submissions for a major UK bank.
- Company: Be part of a leading UK bank known for its innovative approach and strong market presence.
- Benefits: Enjoy a hybrid work model with flexible hours and potential contract extension.
- Why this job: Gain valuable experience in finance while contributing to impactful projects in a collaborative environment.
- Qualifications: Ideal candidates should have a background in quantitative analysis or finance.
- Other info: This is a 6-month contract with the possibility of extension, perfect for students seeking real-world experience.
The predicted salary is between 48000 - 72000 £ per year.
Overview and Role
We are looking to onboard 3 x IRB Modellers to work in the Model Validation team at a large UK bank on a contract basis. The Modellers will be working on the validation side on IRB related submissions that are due in the H2 2025 and this will be an initial 6 month contract with potential for extension.
The bank have a hybrid model with expectation of c. 1 day per week in office – …
Model Validation Quant - IRB employer: Essential Consulting
Contact Detail:
Essential Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Validation Quant - IRB
✨Tip Number 1
Make sure to familiarize yourself with the latest regulations and guidelines related to IRB models. Understanding the current landscape will not only help you in interviews but also demonstrate your commitment to staying updated in this field.
✨Tip Number 2
Network with professionals already working in model validation or at the bank. Engaging with them on platforms like LinkedIn can provide you with insider knowledge about the team dynamics and expectations, which can be a game-changer during the interview process.
✨Tip Number 3
Prepare to discuss specific modeling techniques and validation processes you have experience with. Being able to articulate your hands-on experience will set you apart from other candidates and show that you are ready to hit the ground running.
✨Tip Number 4
Since the role involves a hybrid work model, be ready to discuss your adaptability to both remote and in-office work. Highlight any previous experiences where you successfully managed tasks in a flexible work environment.
We think you need these skills to ace Model Validation Quant - IRB
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Model Validation Quant position. Understand the key responsibilities and required skills, especially those related to IRB modelling and validation.
Tailor Your CV: Customize your CV to highlight relevant experience in model validation and IRB submissions. Use specific examples that demonstrate your expertise in quantitative analysis and risk management.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the role. Mention your experience with model validation and any relevant projects you've worked on, emphasizing your ability to meet deadlines and work in a hybrid environment.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any grammatical errors or typos, as attention to detail is crucial in the finance industry.
How to prepare for a job interview at Essential Consulting
✨Understand the IRB Framework
Make sure you have a solid grasp of the Internal Ratings-Based (IRB) approach. Be prepared to discuss how it applies to model validation and any relevant regulations that govern it.
✨Showcase Your Quantitative Skills
Highlight your experience with quantitative modeling techniques. Be ready to provide examples of models you've validated in the past and the methodologies you used.
✨Familiarize Yourself with the Bank's Culture
Research the bank's values and work culture, especially their hybrid working model. This will help you align your answers with what they value in their employees.
✨Prepare for Technical Questions
Expect technical questions related to model validation processes and statistical methods. Brush up on your knowledge of risk assessment and validation metrics to demonstrate your expertise.
