Corporate Credit Risk Manager

Business Unit: Model Risk Analytics Location: UK Flexible (expectation to attend a local HUB 1x per month & attend offsites, 3/4 x per year) Contract type: Permanent As an IFRS 9 Modelling Manager you will lead a small team of modellers and data scientists to develop risk and macroeconomic models to forecast the Banks Loan Loss provisions. The team’s focus is on the development, validation, management and monitoring of our models and providing first class support to our stakeholders across Risk and Finance. Planning and executing the regular model related IFRS9 BAU processes (quarterly economic model refreshes, PMA calculations) Developing and implementing IFRS9 credit risk models, in line with stakeholder expectation, Bank standards and regulatory expectation Liaising with stakeholders in Risk and Finance to set expectation for the delivery of model outputs into BAU processes Presenting Model outcomes, and propose solutions to overcome model weaknesses, to relevant stakeholders in Risk and Finance as part of the quarterly process Providing leadership in team and wider network discussions across the Bank. Proven experience leading small teams as part of a IFRS9/Stress Testing modelling process Demonstrable significant involvement in most components of the Model Lifecycle (Scoping, development, implementation, monitoring) Significant knowledge of a range of Credit Risk Modelling techniques for PD/LGD/EAD (IFRS9/Stress Testing/IRB) A solid foundation in statistical programming languages and data querying (SAS/SQL/Python/R). It’s a bonus if you have but not essential Generous holidays – 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more. ~ Up to five extra paid well-being days per year . ~20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. ~ Market-leading pension. ~ Free private medical cover, income protection and life assurance. ~ Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. We\’re all about helping you Live a Life More Virgin , so happy to talk flexible working with you. We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we\’re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people\’s lives. Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. As a Disability Confident Leader, we\’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. Now the legal bit These include credit and criminal record checks and three years\’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we\’ll ask for six years of regulatory references, and once in the role, you\’ll be subject to periodic employment checks.