Quantitative Risk Manager in London

An opportunity has arisen within our Credit Risk division for a Quantitative Risk Analyst.

Main Responsibilities

• Lead end to end IRB model development and implementation.
• Support junior members of the team with the development, annual model reviews and recalibration of the Bank's both Corporate and Retail IRB rating systems, including but not limited to:

• Retail exposures: Loss Given Default (LGD), Probability of Default (PD), Application & Behavioural Scorecards
• Specialised Property Lending exposures: IRB Slotting
• Corporate PD models
• Stress Testing models

Ideal Candidate

• Relevant experience working in financial services, including IRB model development and data analysis. Both Retail and Corporate IRB models preferable but not essential.
• Solid understanding of IRB regulation (CRR, EBA, PRA).
• Strong analytical skills and numerical skills, specifically statistical modelling and validation techniques.
• Hands-on experience with one or more statistical data programmes such as SAS/SQL/R.
• Ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing.
• Excellent attention to detail.
• Strong team player, able to work in an organised yet flexible manner.

Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long-term perspective in everything we do and want each employee who joins us to build a long-term successful career with the Bank.

What is in it for you?

• A wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
• Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance.
• A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds).

Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process - just let us know by email uk_talent@careers.handelsbanken.co.uk.

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.