At a Glance
- Tasks: Support the Risk division with IFRS9 models for impairment and stress testing.
- Company: Join a dynamic team focused on innovative risk management solutions.
- Benefits: Gain hands-on experience with cutting-edge tools and methodologies.
- Why this job: Be part of impactful projects that shape financial strategies and governance.
- Qualifications: Experience with IFRS9, SAS, and model development is essential.
- Other info: Opportunity to work in a collaborative environment with ongoing learning.
The predicted salary is between 36000 - 60000 £ per year.
The ideal candidate will support The Risk division Provisions and Forecasting team, to support new IFRS9 GEN2 models being implemented as part of the project for impairment and stress testing. There are 5 models in total for impairments and their stress testing equivalents. These are being implemented in a third-party tool Exeqmode.
Key responsibilities are:
- Specify model and execution requirements.
- Testing of the model implementation including the controls implemented.
- Review and challenge of the model output to ensure they are fit for use.
- Development of analytics dashboard, monitoring and MI reports.
- Preparing material to ensure these models are governed and approved at appropriate forums/committees.
- Support ongoing maintenance of the models.
- Develop process documentation and keeping it updated for model changes.
- IFRS9 – hands-on experience or worked on projects.
- SAS experience.
- Provision and impairment.
Please apply!
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Credit Risk Analyst - IFRS9 experience employer: Lorien
Contact Detail:
Lorien Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Analyst - IFRS9 experience
✨Tip Number 1
Make sure to familiarize yourself with the IFRS9 GEN2 models and their specific requirements. Understanding the nuances of these models will help you demonstrate your expertise during the interview process.
✨Tip Number 2
Brush up on your SAS skills, as this is a key requirement for the role. Consider working on sample projects or case studies that involve data analysis using SAS to showcase your capabilities.
✨Tip Number 3
Prepare to discuss your experience with model testing and validation. Be ready to provide examples of how you've reviewed and challenged model outputs in previous roles, as this will be crucial for the position.
✨Tip Number 4
Familiarize yourself with Exeqmode, the third-party tool mentioned in the job description. Understanding how to navigate and utilize this tool will give you an edge in the application process.
We think you need these skills to ace Credit Risk Analyst - IFRS9 experience
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Credit Risk Analyst, especially regarding IFRS9 models. Familiarize yourself with the key tasks mentioned in the job description to tailor your application accordingly.
Highlight Relevant Experience: Emphasize any hands-on experience you have with IFRS9, SAS, and model implementation. Use specific examples from your past work that demonstrate your ability to meet the requirements outlined in the job description.
Showcase Analytical Skills: Since the role involves developing analytics dashboards and monitoring reports, make sure to highlight your analytical skills. Provide examples of how you've successfully developed similar tools or reports in previous positions.
Tailor Your Application: Customize your CV and cover letter to reflect the specific skills and experiences that align with the job description. Use keywords from the job posting to ensure your application stands out to recruiters.
How to prepare for a job interview at Lorien
✨Show Your IFRS9 Knowledge
Make sure to highlight your hands-on experience with IFRS9 and any relevant projects you've worked on. Be prepared to discuss specific challenges you faced and how you overcame them.
✨Demonstrate Technical Skills
Since the role requires SAS experience, be ready to talk about your proficiency with this tool. You might be asked to solve a problem or analyze data during the interview, so brush up on your technical skills.
✨Understand Model Governance
Familiarize yourself with the governance processes for model approval and oversight. Be prepared to discuss how you would ensure that models are fit for use and how you would approach reviewing model outputs.
✨Prepare for Scenario Questions
Expect scenario-based questions related to model testing and implementation. Think of examples where you had to specify requirements or challenge model outputs, and be ready to explain your thought process.