Credit Risk Model Owner Team Senior Analyst

Discover a pivotal role within the Credit Risk Model Owner Team as a Senior Analyst. This position offers a compelling opportunity for professionals seeking to make a significant impact in wholesale credit risk management.

This role is designed for a collaborative individual who thrives on working closely with key stakeholders, including the Model Owner, and departmental heads across Credit Risk, Quantitative Analytics, Front Office, and Technology. Your primary focus will be on managing a substantial portfolio of wholesale credit risk models (PD, EAD, LGD), ensuring robust control of both business and regulatory risks, and guaranteeing optimal model performance.

Advantages for Potential Candidates:

• Strategic Impact: You will have the chance to lead key initiatives within a multi-year wholesale credit risk IRB models replacement program, directly shaping the future of risk management.
• Ownership and Responsibility: This role provides a platform to take ownership of the day-to-day management of the current model inventory, offering significant autonomy and visibility.
• Regulatory Engagement: A core aspect of the role involves staying at the forefront of regulatory developments, allowing you to proactively influence and respond to changes impacting IRB modelling.
• Cross-Functional Collaboration: The opportunity to build and maintain strong relationships with a diverse range of stakeholders across business units and functional areas fosters a holistic understanding of the organization and promotes best-in-class practices.
• Career Development: By engaging in project management for change initiatives that align with strategic objectives, you'll gain valuable experience in delivering complex projects on time, within budget, and in compliance with stringent regulatory requirements. This experience is highly transferable and enhances your project management and change leadership capabilities.
• Leadership Opportunities: The "Vice President Expectations" section highlights opportunities for advising senior leadership, managing and mitigating risks, and demonstrating leadership in strengthening controls, all of which are crucial for career progression.

Key Considerations for Candidates:

• Quantitative Expertise: A strong academic or professional background in a quantitative field is essential, with direct, relevant experience in developing or validating empirical models, ideally within a wholesale credit context. A solid understanding of the business portfolios these models serve is also critical.
• Regulatory Acumen: A deep understanding of Wholesale Credit Risk fundamentals and the Internal Ratings Based (IRB) approach to RWA measurement is paramount. The ability to proactively respond to regulatory implications for IRB modelling is a key differentiator.
• Problem-Solving and Analytical Skills: The role demands proven problem-solving, self-motivation, and decision-making skills. You should be adept at breaking down complex issues, thinking creatively, and developing practical, innovative solutions based on sophisticated analytical thought. Experience with statistical models like linear and logistic regression is expected.
• Communication and Stakeholder Management: Excellent written and verbal communication skills are vital for conveying complex information effectively. Strong managerial and collaborative skills are required to inspire and encourage excellence within and outside the team, and to build trusting relationships with stakeholders.
• Change Management Experience: While the core of the role is model management, the broader "Purpose of the role" and "Accountabilities" sections emphasize extensive experience in managing change projects. This includes project planning, stakeholder communication, team management, budget control, risk management, and facilitating change adoption.

This role is an excellent fit for a driven individual looking to deepen their expertise in credit risk modelling, contribute to significant strategic programs, and develop strong leadership and project management skills within a dynamic financial services environment.