IFRS9 Modelling Manager

Business Unit: Model Risk Analytics

💰: £60,000 - £75,000 per annum DOE + red-hot benefits🎁🔥

📍: UK Flexible

📑: Permanent

Live for the weekday. Live a life more Virgin.

Our Team❤

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 remit is wide and covers all types of models within the IFRS 9 Provisioning landscape. This includes exposure to a range of business areas and covers retail and business banking products and customers. 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.

What you’ll be doing😎

• Leading the scoping, design, development, validation and implementation of credit risk models, in line with Bank standards and regulatory compliance requirements
• Ensuring that Retail and Business IFRS 9 loan loss provision models currently in operation remain robust and fit for purpose
• Presenting outputs to key stakeholders both within and external to Risk
• Delivering first class model documentation and recommendation papers to governance committees
• Providing business enablement and subject matter expertise support to the wider Bank in relation to model usage
• Providing an insightful end to end current and emerging model risk summary through the governance framework
• Training and developing team members.

We need you to have🤩👇

• Significant experience of model development projects across a range of Retail or Business credit portfolios with a good understanding of model usage
• Technical experience of model development projects within banking with an understanding of model usage
• Expertise in the use of statistical analysis software (e.g. SAS, Python or R) as well as MS Office
• Excellent communication, listening and writing skills. An ability to listen, understand and respond professionally
• Experience of determining priorities and supporting the planning process.
• Demonstrable sound decision making and critical thinking.
• Proven ability to influence key stakeholders.

It’s a bonus if you have but not essential🧁

• Knowledge of economical processes, ideally with some experience of economic time series analysis
• Functional Risk and Regulatory knowledge ideally within IFRS 9 and/or IRB and Stress Testing.

Red Hot Rewards🎁🔥

• 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.

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you🤝.

🕕Applications Close: 20 Jan 2025 (11.55pm GMT)