At a Glance
- Tasks: Develop and validate credit risk models while collaborating with industry experts.
- Company: Join a leading advisory firm in the financial services sector.
- Benefits: Enjoy a competitive salary, hybrid work model, and professional growth opportunities.
- Other info: Dynamic environment with opportunities to influence industry standards.
- Why this job: Make a real impact in the financial world by shaping credit risk strategies.
- Qualifications: Numerical degree required; coding skills and teamwork experience preferred.
The predicted salary is between 55000 - 65000 £ per year.
We work collaboratively with our financial services industry clients to design, build and implement credit risk models. We advise and support a diverse group of clients on how best to deliver value in the face of a changing and complex regulatory agenda. Our work typically covers the development and validation of operational scorecards, IRB, Credit Risk, IFRS 9, forecasting, stress testing and climate risk models.
Responsibilities
- Perform credit risk model development and validation activities, including model development/validation initiation and requirements capture, methodology design, model coding, engaging with business experts, model testing, documentation and review.
- Work includes model development and validation of operational scorecards, IRB capital models for Pillar 1 Credit Risk, IFRS 9 impairment models, stress testing models and climate risk models.
- Help stakeholders articulate and navigate their modelling requirements, including regulatory requirements from the perspective of interpretation choices and technical modelling choices, and manage expectations around compromises.
- Contribute to go-to-market activities including thought leadership, marketing, eminence and proposal development.
- Keep up to date with market trends including current client challenges, emerging industry themes and latest developments in analytics and modelling.
- Help manage and grow the business in terms of both scale and profitability.
- Review large volumes of information quickly to identify and disseminate key points in a coherent manner.
Qualifications
- Essential attributes include a numerical degree or equivalent (Mathematics, Engineering, Physics, Operational Research, Computer Science).
- A Master's degree in a relevant quantitative/finance discipline or professional qualification such as PRMIA, GARP, CFA would be an advantage.
- Experience with coding (language not specified) or ability to break down an applied math problem into arithmetic and logical steps.
- A strong work ethic and a professional and personable demeanor.
- High personal standards regarding the quality of your own work.
- Ability to work effectively as part of a team, meeting demanding deadlines.
Additional experience:
- Financial Services experience as part of a Financial Services Institution, in advisory or consulting capacity to similar organisations or in regulation of such institutions, particularly in Retail/Commercial/Corporate Banking Credit Risk.
- Credit Risk Modelling experience (PD/LGD/EAD, Basel II & III, operational scorecards, IFRS 9, stress testing models including time series techniques) for banking book exposures.
- Experience interpreting regulation, consulting diverse stakeholders and building consensus during decision making.
- Experience with credit risk management and delivery software used for credit risk management and model execution across the customer lifecycle.
- Credit risk management, modelling or business expertise within a Retail/Commercial or Corporate bank, with ability to apply technical financial services regulation to practical scenarios and advise on strategic impacts.
- Highly motivated with a proven track record of working on own initiative in a challenging/dynamic environment.
- Strong interpersonal and influencing skills, including oral and written communication of technical concepts to a non‑technical audience.
- Strong IT skills including Microsoft applications (Word, Excel, PowerPoint) and statistical coding applications (Python, R, SAS).
Industry Focus
The role is within Regulatory & Financial Risk, providing advisory services across the risk and regulatory landscape to help clients move beyond minimum compliance standards to strategically create a responsible, sustainable future.
Compliance and Independence
Regulation and controls are standard practice. Certain colleagues must abide by specific personal independence constraints (e.g., financial interests and employment relationships). You may not hold certain financial interests with audit clients nor hold a secondary employment role with SEC audit clients while employed by the firm.
Location and Work Model
You will be based in London with a hybrid working policy. Depending on role requirements, you may work in the local office, virtual collaboration spaces, client sites or remotely, with face‑to‑face interactions as needed.
Assistant Manager, Risk Modelling, Credit Risk Measurement employer: Hm Revenue & Customs (Hmrc)
As an Assistant Manager in Risk Modelling at our London office, you will thrive in a dynamic and collaborative work environment that prioritises employee growth and development. We offer a hybrid working model that promotes work-life balance, alongside opportunities for professional advancement through engaging projects and thought leadership initiatives. Join us to be part of a forward-thinking team that is dedicated to navigating complex regulatory landscapes while fostering a culture of innovation and excellence.
Contact Details:
Hm Revenue & Customs (Hmrc) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Manager, Risk Modelling, Credit Risk Measurement
✨Tip Number 1
Network like a pro! Reach out to folks in the financial services industry, especially those who work in credit risk. A casual chat can lead to opportunities you might not find on job boards.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your experience with credit risk modelling and regulatory compliance. This will give you an edge during interviews.
✨Tip Number 3
Stay updated on industry trends. Follow relevant news and reports about credit risk and regulations. Being knowledgeable will impress potential employers and show you're passionate about the field.
✨Tip Number 4
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 Assistant Manager, Risk Modelling, Credit Risk Measurement
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that are relevant to the Assistant Manager role. Highlight your experience in credit risk modelling and any coding skills you have, as these are key for us.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're passionate about credit risk measurement. Share specific examples of your past work that align with our responsibilities, like model development or stakeholder engagement.
Showcase Your Team Spirit:We value collaboration, so mention any experiences where you've worked effectively in a team. Highlight how you’ve contributed to group projects or helped manage expectations among stakeholders.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Hm Revenue & Customs (Hmrc)
✨Know Your Numbers
Brush up on your numerical skills and be ready to discuss your experience with credit risk modelling. Be prepared to explain complex concepts like PD, LGD, and EAD in simple terms, as you might need to communicate these to non-technical stakeholders.
✨Showcase Your Coding Skills
Since coding is a key part of the role, make sure you can talk about your experience with programming languages relevant to model development. Bring examples of past projects where you applied coding to solve real-world problems, and be ready to discuss your methodology.
✨Stay Current with Industry Trends
Familiarise yourself with the latest developments in credit risk and regulatory changes. Being able to discuss current market trends and how they impact clients will show that you're proactive and engaged in the industry.
✨Demonstrate Team Spirit
This role requires collaboration, so be ready to share examples of how you've worked effectively in teams. Highlight your interpersonal skills and how you've managed stakeholder expectations in previous roles, especially when navigating complex regulatory requirements.
