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- Tasks: Run credit models and support stress testing assessments in a dynamic financial environment.
- Company: Join a leading financial institution with a commitment to inclusivity and diversity.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Make a real impact on risk management while developing your analytical skills.
- Qualifications: 2-3 years experience in finance, strong data manipulation skills, and attention to detail.
- Other info: Inclusive workplace focused on merit and career development.
The predicted salary is between 36000 - 60000 £ per year.
This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.
Role Purpose
The Risk Analyst will be responsible for running the credit models underpinning the stress testing in the ICAAP and the Recovery Plan, two of the main annual group wide assessments. In addition, the risk analyst will support the Head of Enterprise-wide Risk Management with the oversight of capital, funding, liquidity and market risks, and the implementation of the wider risk management framework, including Model Risk Management and Risk Appetite.
Key Responsibilities
- Develop, implement, enhance and document the credit risk models using excel, VBA, etc.
- Own and run the credit risk models underpinning ICAAP P2A and P2B stress testing assessments and writing the relevant sections of the ICAAP.
- Own and run the models supporting the Recovery Plan, quantify and analyse UTB\’s recovery options.
- Lead the Recovery Plan assessment and documentation.
- Review and support the embedding of the UTB\’s Model Risk Management Framework and Policies.
Skills and Experience
- 2-3 years experience in a bank or a similar financial institution
- Credit modelling and / or stress testing experience, gained within a credit, finance of treasury function.
- Experience working with data sets from disparate sources.
- Highly IT and numerately literate with excellent data manipulation and modelling skills.
- Attention to detail and high degree of accuracy.
Equal Opportunities
We\’re an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. During the application process, you will be asked to complete an equality questionnaire on a voluntary basis and any data we collect will be treated confidentially and used for evaluation purposes. This will be for a period of 6 months or longer with your permission. This helps us understand our applicants so we can make sure we are doing everything we can to attract a diverse range of people and ensure our recruitment processes are fair and inclusive.
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Risk Analyst I Risk employer: United Trust Bank
Contact Detail:
United Trust Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Analyst I Risk
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to risk analysis. We recommend doing mock interviews with friends or using online platforms to boost your confidence.
✨Tip Number 3
Showcase your skills! Create a portfolio of your credit models or any relevant projects you've worked on. This will give potential employers a tangible sense of what you can bring to the table.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Risk Analyst I Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Analyst role. Highlight your experience with credit modelling and stress testing, and don’t forget to mention any relevant skills in Excel and VBA. We want to see how your background fits 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 passionate about risk management and how your skills can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Attention to Detail: In this role, attention to detail is key. When you’re filling out your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at United Trust Bank
✨Know Your Models
Make sure you have a solid understanding of credit risk models and stress testing. Brush up on your knowledge of ICAAP and Recovery Plans, as these will be key topics during your interview. Be ready to discuss how you've developed or enhanced models in the past.
✨Showcase Your Data Skills
Since this role requires strong data manipulation skills, prepare to demonstrate your proficiency with Excel and VBA. Bring examples of how you've worked with complex data sets and highlight any specific projects where your analytical skills made a difference.
✨Attention to Detail is Key
This position demands a high degree of accuracy, so be prepared to discuss how you ensure precision in your work. You might want to share examples of how you've caught errors in your analyses or improved processes to enhance accuracy.
✨Cultural Fit Matters
Familiarise yourself with the company's values and commitment to diversity and inclusion. Be ready to discuss how you can contribute to an inclusive environment and why you believe a diverse team is beneficial for risk management.
