IRB Model Development Manager

Location London
Discipline: Software Engineering
Job type: Permanent
Salary: Up to £100k + bonus
Contact email: mohammed@exalto-consulting.com
Job ref: 605325AA
Published: 3 months ago
Startdate: ASAP
My banking client are currently recruiting for an IRB Model Development Manager.

The role is hybrid working and would require you to be in the London office 2-3 days a week.

You must have;
  • 3-5 years of IRB modelling experience, with at least 18 months in the non-retail space, working on PD models.
  • End-to-end IRB modelling, particularly around building the development proposition.
  • Leading projects at a manager level (small teams of 3-4 is fine).
You must have end to end IRB model development, regulatory requirements and ideally IRB PD methodology experience.

The team is currently undertaking a multi-year redevelopment of all IRB models followed by the rollout of new IRB models, under the banks’ IRB rollout plan, which represents a key strategic objective for the bank. The role involves working closely with colleagues across the Business, Credit Risk and the Chief Data Office.
  
  
They are looking for;
At least 3-5 years’ experience encompassing IRB model development/validation and decision support model relates roles.
A bachelor’s degree in a quantitative analytical discipline (2.1 or higher), e.g. mathematics, applied mathematics, physics, statistics, engineering, econometrics.
Ideally have Advanced level of SAS or SQL programming – an equivalent level in an alternate programming language would be consider (e.g. R, Python).
Advanced experience in extracting, transforming, and cleaning data for modelling purposes;
Experience writing technical documents that meet internal and regulatory standards. Experience in engagement with regulatory or audit bodies;
Experience training and managing the day to day tasks of junior team members;
Strong ability to build relationships and communicate with key stakeholders;
Curiosity and inventiveness.
 
This is an urgent requirement and the client are open to sponsoring candidates from abroad so please immediately to be considered.