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- Tasks: Lead the development and validation of credit risk models for banks.
- Company: Join a dynamic team focused on innovative financial solutions in London.
- Benefits: Competitive salary up to £90K and opportunities for professional growth.
- Why this job: Make a real impact in finance while collaborating with industry experts.
- Qualifications: Experience in IRB model development and proficiency in statistical tools required.
- Other info: Ideal for those passionate about quantitative analysis and regulatory compliance.
The predicted salary is between 54000 - 126000 £ per year.
This is a fantastic opportunity for an experienced professional to play a key role in the development and implementation of Internal Ratings-Based (IRB) credit risk models for banks and financial institutions.
THE ROLE
- Develop and validate IRB models: Lead the development and validation of PD, LGD, and EAD models in line with regulatory requirements (Basel III/IV).
- Quantitative analysis: Apply advanced statistical techniques, machine learning methods, and data analysis to build risk models.
- Stakeholder management: Collaborate with key stakeholders including clients, risk management teams, and regulatory bodies to deliver tailored solutions.
- Documentation: Prepare comprehensive model documentation, including technical reports, model validation findings, and compliance assessments.
- Consultancy support: Provide expert advice and insights to clients on regulatory trends and the strategic impact of model changes on capital requirements.
REQUIREMENTS
- IRB model development experience
- Strong proficiency in statistical modeling techniques, with experience in tools such as R, Python, SAS, or SQL.
- A degree in a quantitative field such as mathematics, statistics, economics, or finance; a postgraduate qualification is a plus.
IRB Model Development Consultant employer: Harnham
Contact Detail:
Harnham Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IRB Model Development Consultant
✨Tip Number 1
Familiarise yourself with the latest regulatory requirements under Basel III/IV. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the banking and finance sector, especially those involved in risk management. Attend industry conferences or webinars to make connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your statistical modelling skills, particularly in R, Python, SAS, or SQL. Consider working on personal projects or contributing to open-source projects to showcase your expertise in these tools.
✨Tip Number 4
Prepare to discuss real-world applications of IRB models during your interview. Be ready to share examples of how you've successfully developed or validated models in the past, highlighting your problem-solving skills and stakeholder collaboration.
We think you need these skills to ace IRB Model Development Consultant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in IRB model development and your proficiency in statistical modelling techniques. Include specific examples of projects where you've developed PD, LGD, or EAD models.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of regulatory requirements like Basel III/IV. Mention your experience with advanced statistical techniques and how you can contribute to the company's goals.
Highlight Stakeholder Management Skills: In your application, emphasise your ability to collaborate with various stakeholders. Provide examples of how you've successfully managed relationships with clients and regulatory bodies in previous roles.
Showcase Technical Proficiency: Clearly list your technical skills, particularly in R, Python, SAS, or SQL. If you have experience with machine learning methods, make sure to mention it as this is crucial for the role.
How to prepare for a job interview at Harnham
✨Showcase Your Technical Skills
Be prepared to discuss your experience with statistical modelling techniques and tools like R, Python, SAS, or SQL. Bring examples of past projects where you developed or validated IRB models, as this will demonstrate your hands-on expertise.
✨Understand Regulatory Requirements
Familiarise yourself with Basel III/IV regulations and be ready to explain how your work aligns with these standards. This knowledge will show that you are not only technically proficient but also aware of the broader regulatory landscape.
✨Prepare for Stakeholder Scenarios
Think about how you would manage relationships with clients and regulatory bodies. Be ready to discuss past experiences where you successfully collaborated with stakeholders to deliver tailored solutions, as this is crucial for the role.
✨Documentation is Key
Highlight your ability to prepare comprehensive model documentation. Be prepared to discuss how you approach writing technical reports and validation findings, as clear documentation is essential in this field.
