At a Glance
- Tasks: Develop and enhance IFRS9 Provisioning Models while collaborating with various teams.
- Company: Dynamic bank focused on innovation and growth in financial services.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity for career growth and mentoring junior team members.
- Why this job: Make a real impact on financial modelling and drive innovation in a growing bank.
- Qualifications: Experience in impairment models, strong technical skills in SAS, Python, and SQL.
The predicted salary is between 36000 - 60000 £ per year.
To develop, maintain and strengthen our IFRS9 Provisioning Models. The role will involve complex modelling to develop, monitor and take full ownership of the bank's provisioning models under IFRS 9. There is an overarching responsibility to understand and evaluate impairment impacts as the Bank grows and launches new products and services. The individual will need to be capable of taking a more holistic view of the interaction of the model with the business to identify periods when business changes, or short-term fluctuations, may be leading to variances, and suggesting appropriate adjustments to the models.
Responsibilities:
- Develop, monitor and calibrate the Bank's provisioning models.
- In conjunction with the decision science, data & analytics teams, plus any relevant third-party providers, lead the remediation actions raised by 2nd line Model Risk team (MRO) validation, along with initiating relevant model recalibrations and enhancements.
- Lead the impairment model monitoring, working with Credit Risk and Data/Analytics team.
- Ensure relevant governance and controls are followed with regards to the impairment process and any enhancements.
- Work with the wider Impairment team to maintain and enhance segmentation, reporting, controls, monitoring, governance, and robust procedural documentation for internal and external stakeholders.
- Perform ad-hoc analyses as required and provide recommendations and solutions based on analysis.
- Working with the wider treasury and finance teams ensure internal and external audit points are addressed and closed in a timely manner.
- Champion a culture of collaboration and continuous improvement.
- Inspire and engage colleagues by clearly communicating objectives and aligning goals with broader strategic priorities.
- Encourage technical excellence and capability development within the impairment modelling team.
- Actively support talent development by identifying skill gaps and mentoring junior team members.
- Promote innovation and best practices in modelling, governance, and risk management to enhance decision-making and operational resilience.
Experience required:
- Extensive practical experience in designing, building and calibrating impairment models, ensuring robustness and compliance with IFRS 9 standards, and delivering innovative solutions to complex modelling challenges.
- Strong technical expertise in SAS, Python, and SQL/Snowflake for model development and data manipulation.
- Hands-on experience collaborating with decision science and data analytics teams to implement model enhancements and validate performance.
- Solid understanding of the impairment framework and IFRS 9 reporting requirements within a regulated financial services environment.
- Experience working with diverse credit portfolios (e.g., credit cards, vehicle finance, or non-standard retail credit markets) is highly desirable.
- Process-oriented approach to model governance, monitoring, and lifecycle management.
- Strong problem-solving skills with the ability to interpret complex data and translate insights into actionable recommendations.
- Strong communication skills - able to present technical concepts clearly to both technical and non-technical stakeholders.
- High attention to detail and a methodical approach to work, ensuring accuracy and compliance.
- Self-starter with a proactive mindset and strong motivation to add value through continuous improvement and innovation.
- Strong computer literacy, especially with Microsoft Excel and related tools.
Impairment Model Manager in London employer: Vanquis
As an Impairment Model Manager at our London or Bradford locations, you will join a forward-thinking bank that prioritises employee growth and innovation. We foster a collaborative work culture where your expertise in IFRS 9 provisioning models will be valued, and you will have the opportunity to mentor junior team members while driving continuous improvement initiatives. With a commitment to professional development and a supportive environment, we ensure that our employees thrive both personally and professionally.
StudySmarter Expert Advice🤫
We think this is how you could land Impairment Model Manager in London
✨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 impairment modelling. We recommend doing mock interviews with friends or using online platforms to get comfortable with your responses.
✨Tip Number 3
Showcase your skills! Bring examples of your previous work or projects that demonstrate your expertise in IFRS 9 and model development. This will help you stand out and show that you mean business.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Impairment Model Manager in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Impairment Model Manager role. Highlight your experience with IFRS 9, model development, and any relevant technical skills like SAS or Python. We want to see how your background aligns 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 impairment modelling and how you can contribute to our team. Be sure to mention specific projects or experiences that relate to the job description.
Showcase Your Problem-Solving Skills:In your application, don’t forget to highlight your problem-solving abilities. Share examples of how you've tackled complex modelling challenges in the past. We love candidates who can think critically and provide innovative solutions!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Vanquis
✨Know Your Models Inside Out
Make sure you have a solid understanding of IFRS 9 and the intricacies of impairment models. Be prepared to discuss your previous experiences in designing, building, and calibrating these models, as well as any challenges you've faced and how you overcame them.
✨Showcase Your Technical Skills
Brush up on your technical expertise in SAS, Python, and SQL/Snowflake. Be ready to provide examples of how you've used these tools for model development and data manipulation. Highlight any innovative solutions you've implemented in past roles.
✨Communicate Clearly and Confidently
Practice explaining complex concepts in simple terms. You’ll need to demonstrate your ability to present technical information to both technical and non-technical stakeholders. Think of examples where you successfully communicated your ideas and how they were received.
✨Emphasise Collaboration and Continuous Improvement
Be prepared to discuss how you've worked with cross-functional teams, particularly in decision science and data analytics. Share instances where you’ve championed a culture of collaboration or led initiatives for process improvements within your team.
