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- Tasks: Manage the full lifecycle of credit risk model development and ensure compliance with Basel 3.1 standards.
- Company: Join a leading Financial Services & Wealth Management organisation in the UK.
- Benefits: Enjoy a competitive salary, bonus, and generous pension contributions, plus hybrid working options.
- Why this job: Be part of a growing team that values collaboration and innovation in financial modelling.
- Qualifications: Experience in developing PD and LGD models, proficiency in SQL or Python, and a relevant degree required.
- Other info: This role offers opportunities for professional growth and impactful work in the finance sector.
The predicted salary is between 84000 - 196000 £ per year.
Senior Credit Risk Modeller (IRB) London (Hybrid) Up to £140,000 DOE + 15% bonus + 10% pension contribution
Are you an experienced Credit Risk Modeller with a proven track record of delivering into IRB projects? MBN Solutions are partnered with a leading Financial Services & Wealth Management organisation based within the UK. Our client are looking for multiple Credit Risk Modellers (IRB) to join their growing team.
This role will focus on:
- Managing the end-end lifecycle of model development, from initial scoping through to governance approval.
- Ensuring Basel 3.1 IRB standards are adhered to.
- Developing & improving IRB Credit Risk parameters (PG, LGD, EAD).
- Effectively collaborating with internal stakeholders across various departments.
We are looking for:
- A proven track record of developing PD and LGD models within the IRB frameworks in a Corporate/Wholesale portfolio.
- Proficiency in either SQL or Python.
- Excellent stakeholder engagement, communication, and management skills.
- A degree in a mathematical/statistical field.
If this sounds like the right fit or you would like more info please apply or get in touch!
Credit Risk Specialist employer: MBN Solutions
Contact Detail:
MBN Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Specialist
✨Tip Number 1
Familiarise yourself with the latest Basel 3.1 IRB standards and how they apply to model development. This knowledge 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 credit risk modelling space, especially those who have experience with IRB projects. Engaging with industry experts can provide insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your SQL or Python skills, as proficiency in these programming languages is crucial for the role. Consider working on personal projects or contributing to open-source projects to showcase your abilities.
✨Tip Number 4
Prepare examples of your past work that highlight your experience in developing PD and LGD models. Being able to discuss specific projects and their outcomes will set you apart during the interview process.
We think you need these skills to ace Credit Risk Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in developing PD and LGD models within IRB frameworks. Use specific examples that demonstrate your proficiency in SQL or Python, as well as your stakeholder engagement skills.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your relevant experience and how it aligns with the job description. Mention your understanding of Basel 3.1 IRB standards and your ability to manage the model development lifecycle.
Highlight Relevant Qualifications: In your application, emphasise your degree in a mathematical or statistical field. This is crucial for demonstrating your technical expertise and suitability for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is essential in the credit risk modelling field.
How to prepare for a job interview at MBN Solutions
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in SQL or Python during the interview. Be prepared to discuss specific projects where you've used these skills, especially in developing PD and LGD models within IRB frameworks.
✨Understand Basel 3.1 Standards
Familiarise yourself with Basel 3.1 IRB standards before the interview. Being able to discuss how you have adhered to these standards in past projects will demonstrate your expertise and commitment to compliance.
✨Prepare for Stakeholder Engagement Questions
Since effective collaboration is key in this role, prepare examples of how you've successfully engaged with internal stakeholders in previous positions. Highlight your communication and management skills to show you can work well across departments.
✨Discuss Your Model Development Process
Be ready to explain your approach to managing the end-to-end lifecycle of model development. Discuss how you scope projects, develop models, and ensure governance approval, as this will be crucial for the role.
