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- Tasks: Lead a team in developing and reviewing credit risk models while ensuring regulatory compliance.
- Company: Join a leading banking institution focused on innovation and excellence.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Dynamic role with opportunities to influence industry best practices.
- Why this job: Make a significant impact in the financial sector by enhancing model performance and risk management.
- Qualifications: Experience in modelling or analysis with strong knowledge of regulatory requirements.
The predicted salary is between 60000 - 80000 £ per year.
We have an exciting opportunity for a Senior Modelling Manager to join the Credit Risk Modelling team. You will manage a team of experienced modellers providing support and challenge as they develop the key models. You will have responsibility for each stage of the model development lifecycle and ensure models remain suitable and aligned with regulatory expectations.
About the role
- Providing strong support and challenge to Managers within the team as they perform model redevelopments and reviews ensuring key decisions within the development are being made robustly and efficiently.
- Assuming responsibility for establishing robust control and review frameworks to bring greater assurance to each stage of the model development lifecycle and reducing model risk.
- Demonstrating strong stakeholder management to ensure that appropriate knowledge and understanding of the models and their use is in place and that requirements are fed into developments and addressed appropriately.
- Ongoing external scanning to ensure that the methodologies and approaches employed are aligned with industry best practice and that activity required to satisfy new regulatory requirements is understood and planned for.
- Work closely with Manager of team to ensure movement in model performance identified from model monitoring is understood and assess whether action is required.
- Manage requests from within the business for analysis and model outputs to support their activities e.g. new mortgage proposition assessments.
About you
- First and foremost, you’ll be an experienced modeller or analyst with experience from your studies and your work experience.
- Detailed understanding of Stress Testing, climate and regulatory modelling (IRB/IFRS9).
- Knowledge of modelling requirements for product/project evaluation and an understanding of the requirements of the regulations relating to model development.
- A track record of delivering models or analytical projects within a business.
- A good awareness of the Financial Services industry and associated regulatory landscapes.
Credit Risk Manager - Banking employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager - Banking
✨Tip Number 1
Network like a pro! Reach out to folks in the banking and credit risk space on LinkedIn. Join relevant groups and engage in discussions. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your modelling knowledge. Be ready to discuss your experience with stress testing and regulatory requirements. We want to see you shine, so practice articulating your thoughts clearly!
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for opportunities that match your skills in credit risk management. We’ve got some exciting roles waiting for you!
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. Plus, it’s a great chance to reiterate why you’re the perfect fit!
We think you need these skills to ace Credit Risk Manager - Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Risk Manager role. Highlight your experience with model development and regulatory compliance, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Share specific examples of your past work in modelling and stakeholder management that demonstrate your expertise and passion for the role.
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Mention any relevant projects or experiences where you’ve successfully delivered models or analyses. We love seeing how you’ve tackled challenges in the past!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at MERJE
✨Know Your Models Inside Out
Make sure you have a solid grasp of the models you'll be discussing. Brush up on your knowledge of Stress Testing, climate and regulatory modelling (IRB/IFRS9). Be ready to explain how these models work and their importance in the credit risk landscape.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your experience in managing stakeholders. Think about times when you successfully communicated complex modelling concepts to non-technical audiences or collaborated with different teams to ensure model requirements were met.
✨Demonstrate Your Regulatory Knowledge
Familiarise yourself with the latest regulatory requirements and industry best practices. Be prepared to discuss how you've kept up with changes in the regulatory landscape and how this knowledge has influenced your modelling work.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to model development and performance. Practice articulating your thought process and decision-making strategies, especially in situations where you had to challenge existing models or frameworks.