At a Glance
- Tasks: Develop and validate credit risk models while collaborating with industry experts.
- Company: Join a leading financial services consultancy focused on innovative risk solutions.
- Benefits: Competitive salary, professional development, and opportunities for growth in a dynamic environment.
- Other info: Be part of a team that values collaboration and high-quality work.
- Why this job: Make a real impact in the financial sector by tackling complex regulatory challenges.
- Qualifications: Numerical degree required; coding skills and financial services experience preferred.
The predicted salary is between 60000 - 80000 £ 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 environment.
Assistant Manager, Risk Modelling, Credit Risk Measurement in London employer: Hm Revenue & Customs (Hmrc)
As an Assistant Manager in Risk Modelling, you will thrive in a dynamic and collaborative environment that values innovation and professional growth. Our company offers a supportive work culture where you can engage with diverse clients, tackle complex regulatory challenges, and contribute to impactful projects in credit risk measurement. With opportunities for continuous learning and development, along with a commitment to employee well-being, we are dedicated to fostering a rewarding career path in the heart of the financial services sector.
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 in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Hm Revenue & Customs (Hmrc) looking for candidates who are engaged and informed.
We think you need these skills to ace Assistant Manager, Risk Modelling, Credit Risk Measurement in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Hm Revenue & Customs (Hmrc). Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Hm Revenue & Customs (Hmrc)
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Hm Revenue & Customs (Hmrc)’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
