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- Tasks: Lead a team in developing and reviewing credit risk models while ensuring regulatory compliance.
- Company: Join a leading financial services firm with a focus 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 compliance.
- Qualifications: Experience in modelling or analysis, with strong knowledge of regulatory requirements.
The predicted salary is between 70000 - 90000 £ 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.
- This'll be coupled with a 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.
Senior Credit Risk Manager in Yorkshire employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Manager in Yorkshire
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services industry, especially those who know about credit risk. A friendly chat can lead to insider info on job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of stress testing and regulatory modelling. We recommend creating a list of common interview questions related to these topics and practising your answers with a friend.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss specific projects you've worked on. Use the STAR method (Situation, Task, Action, Result) to clearly outline your contributions and achievements.
✨Tip Number 4
Don’t forget to 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 Senior Credit Risk Manager in Yorkshire
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior 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!
Showcase Your Experience: In your cover letter, don’t just list your qualifications; tell us about specific projects you've worked on. Share examples of how you've managed teams or developed models that meet regulatory standards. This helps us see your practical experience in action.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's relevant to the role. We appreciate a well-structured application that makes it easy for us to understand your background and skills.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy and ensures your application goes directly to us. Plus, you’ll find all the details you need about the role right there!
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 related to model development. Be prepared to discuss how you’ve kept up with industry best practices and how you would ensure compliance in your role.
✨Be Ready for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to model performance or risk management. Practice articulating your thought process clearly and logically, as this will showcase your analytical skills and decision-making abilities.