At a Glance
- Tasks: Lead the development and execution of stress testing models for credit risk and capital.
- Company: Join a leading bank with a focus on risk management and compliance.
- Benefits: Competitive salary, bonus, private medical insurance, and hybrid working options.
- Other info: Collaborative environment with opportunities for professional growth and community involvement.
- Why this job: Make a real impact in financial risk management while developing your skills.
- Qualifications: Strong background in credit risk modelling and statistical techniques required.
The predicted salary is between 70000 - 85000 € per year.
About The Role
Based in the Model Development team within the Risk & Compliance function, the Senior Stress Testing Modelling Manager will develop, monitor and maintain optimised models for credit risk and capital purposes, coordinating effort across the Credit Risk and Finance functions of the organisation. The role will work closely on a daily basis with the Finance team, taking responsibility for undertaking stress testing (ICAAP Pillar 2A and 2B model development and execution), impairment forecasting and macro‑economic timeseries modelling (using linear and non‑linear regression techniques). The individual will also support monthly team‑wide objectives such as the execution of the Bank’s IFRS 9 models and the development of second and third generation IFRS 9 models. The working pattern of this role is hybrid, with an expectation to be in the London office 50% of the time.
Key Responsibilities
- Lead the re‑development, enhancement, documentation and execution of the Bank’s Pillar 2A Credit Risk and Pillar 2B stress testing models for the annual planning and stress testing cycles.
- Provide insight and recommendations on key outputs from the process to aid the front‑line business in understanding their overall risk profile and drive strategic objectives in line with PRA best practice guidelines.
- Work with colleagues in Finance and lead on documenting the relevant sections (P2A credit and P2B) of the Bank’s ICAAP.
- Provide strong line management and ongoing development of Stress Testing Modelling Analyst.
- Identify and implement model changes and enhancements as needed, ensuring they are in line with Bank standards, Model Risk Management (validation) findings and regulatory compliance requirements.
- Support the team’s ongoing IFRS 9 expected losses activities (BAU execution, model monitoring, model development and annual validations).
- Maintenance and continuous improvement of an appropriate data structure to deliver efficient and effective model risk management.
- Develop and maintain strong, collaborative and constructive relationships with the 1st Line businesses and functions to support the delivery of business objectives whilst maintaining effective controls.
- Understand internal and external data, infrastructure and reporting requirements and coordinate these with effective analytical solutions.
- Develop a deep understanding of core systems including contributing towards the development and roll‑out of a Group Data Warehouse.
- Maintain an awareness of alternative modelling techniques that can help to alleviate/identify risk.
- Provide support to the broader Risk and Compliance function where required.
Key Skills & Experience
- A strong understanding of Credit Risk with extensive relevant experience in developing Credit Risk Models, including data extraction and pre‑processing.
- Extensive model development experience (transition matrix approaches, time‑series modelling, OLS linear and logistic regression).
- Experience with user acceptance testing and model performance assessment (monitoring).
- Significant experience in undertaking stress testing and forecasting exercises.
- Thorough understanding of IFRS 9 model requirements and development experience.
- Strong mathematical and statistical background, knowledge of statistical modelling techniques.
- Significant experience of using SQL & SAS (macros, arrays, scoring/simulation engines, non‑linear modelling, partial least squares, time‑series modelling).
- Excellent written and presentational skills.
- Experience of data mining skills.
- Strong planning and organising skills.
- Strong insight and proven ability to summarise succinctly.
- Proven influencing and stakeholder management skills.
- Evidence of balanced and independent judgement.
- Ability to drive change.
Benefits
- Competitive remuneration.
- Discretionary annual bonus.
- Private Medical Insurance (Bupa).
- Pension scheme – 8% employer contribution (non‑contributory).
- Mental health & wellbeing support via YuLife & Bupa.
- 25 days annual leave (increasing with service) + Holiday Buy Scheme.
- Cycle to Work Scheme & Green Car Scheme.
- Enhanced family leave policies.
- Study support & professional membership.
- Hybrid working (50% London office, 50% remote).
- YuLife Rewards – discounts on retail, lifestyle & experiences.
- Interest‑free season ticket loan.
- Annual volunteering day & Net Zero employer commitment.
Senior Stress Testing Manager employer: Hampshire Trust Bank
As a Senior Stress Testing Manager at our London-based organisation, you will thrive in a dynamic and supportive work culture that prioritises employee growth and well-being. With competitive remuneration, a generous benefits package including private medical insurance and enhanced family leave policies, and a commitment to hybrid working, we empower our employees to achieve a healthy work-life balance while contributing to meaningful projects in risk management. Join us to be part of a collaborative team that values innovation and professional development.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Stress Testing Manager
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in risk and compliance. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss credit risk models and stress testing techniques. We want you to shine when they ask about your experience with SQL and SAS!
✨Tip Number 3
Showcase your soft skills too! Highlight your ability to influence stakeholders and manage teams. Remember, it’s not just about the numbers; they want someone who can lead and communicate effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Stress Testing Manager
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Stress Testing Manager role. Highlight your experience with credit risk models, stress testing, and any relevant technical skills like SQL and SAS. We want to see how your background aligns 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 this role and how your skills can contribute to our team. Be sure to mention specific experiences that relate to the key responsibilities outlined in the job description.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis and model development, make sure to showcase your analytical skills in your application. Provide examples of how you've successfully used statistical modelling techniques or undertaken stress testing exercises in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Hampshire Trust Bank
✨Know Your Models Inside Out
Make sure you have a solid grasp of credit risk models, especially those related to stress testing and IFRS 9. Be prepared to discuss your experience with model development, including any specific techniques you've used like linear regression or time-series modelling.
✨Showcase Your Collaboration Skills
Since this role involves working closely with the Finance team and other stakeholders, highlight your experience in cross-functional collaboration. Share examples of how you've successfully worked with different teams to achieve common goals.
✨Prepare for Technical Questions
Expect technical questions about SQL, SAS, and statistical modelling techniques. Brush up on your knowledge of these tools and be ready to explain how you've applied them in past projects, particularly in relation to model performance assessment and validation.
✨Demonstrate Your Problem-Solving Ability
Be ready to discuss how you've identified and implemented model changes in response to regulatory compliance requirements or Model Risk Management findings. Use specific examples to illustrate your analytical skills and ability to drive change within an organisation.
