Assistant Manager/Manager, Credit Risk Modelling, Risk Advisory, London or Regions

Deloitte ,
Birmingham, West Midlands
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Job Description

Your Opportunity Financial institutions face a period of unprecedented regulatory change in terms of the number of new initiatives, their complexity and the interplay between different regulations. Against this backdrop Deloitte has created a Credit Risk Modelling team to assist clients in developing, validating and implementing credit risk models. This team assists financial institutions across the Model Risk Management lifecycle and is widely regarded in the market place as the leading Credit Risk Modelling team. The primary objective our team is to design, build and implement credit risk models within the financial services industry, advising and influencing clients on how best to deliver value in the face of an ever increasing and complex regulatory agenda. In response to the growing demand for the team's services from internal and external clients, we are looking for up to four Assistant Managers or Managers to join us to drive forward the credit risk model execution and implementation agenda. The successful applicants will enjoy an unparalleled opportunity to develop their credit risk modelling skills within a stimulating, supportive environment. Your Role You will work collaboratively with the wider Credit Risk Modelling team and our clients. The role requires flexibility to tackle a wide range of tasks: * Contribute to all aspects of credit risk model development and deployment including design, coding, testing, validation and review. The most common types of credit risk models worked on by the team are operational scorecards, IRB capital models for Pillar 1 Credit Risk, IFRS 9 impairment models, forecasting models and stress testing models. * Help deliver projects to evaluate, design and implement policies, procedures and strategies to effectively deploy and execute credit risk models and processes, consistent with regulatory requirements and/or market practice across credit risk model delivery. * Perform reviews of credit risk model deployment and execution frameworks, including gathering business requirements, assessing conceptual designs, examining governance and controls, and testing outcomes. * Help the team expand its range of services and solutions in the market place, considering operations, analytics and target operating model considerations for clients, plus how to deliver with third party providers. * Contribute to credit risk model deployment and implementation teams (potentially including on-shore and off-shore resources), having a broader perspective of potential issues encountered when working with diverse teams and the strategies to overcome them. * Keep up to date with academic, technical and industry developments in the field of credit risk management, deployment and implementation. Applicants will need to be able to quickly and efficiently review large volumes of information in order to identify and disseminate the key points in a coherent manner. Applicants should be committed to building long-term, robust and professional working relationships with clients and key stakeholders, working with our senior management team to develop industry contacts. Candidates should also share our firm's commitment to creating and maintaining a respectful and inclusive culture. Your work, your choice At Deloitte we believe the best impact is the value we add, not the hours we sit at our desk. We carefully consider agile ways of working, both formal and informal, that allow for the best impact for our people and our clients. Please speak to your recruiter about the working pattern that works best for you. Location: This role can be based in our London or regional offices with occasional domestic and international travel Work pattern: This is a permanent contract opportunity. Your Professional Experience To qualify for the role you should have: * A numerical degree e.g. Mathematics, Engineering, Physics, Operational Research, Computer Science (a Masters degree in a relevant quantitative/finance discipline or Professional qualification such as PRMIA, GARP, CFA would be an advantage). * A strong work ethic and a professional and personable demeanour. * High personal standards with respect to the quality of your own work. * The ability to work effectively as part of a wider team, furthering common goals and working within demanding deadlines. Additional desirable attributes include: * Financial Services experience, either as part of a Financial Services Institution, in an advisory or business consulting capacity to similar organisations or in the regulation of such institutions, particularly in the following areas: Retail/Commercial/Corporate Banking Credit Risk. * Credit Risk Modelling experience (PD/LGD/EAD modelling, Basel II framework, operational scorecards, IFRS 9 lifetime expected credit loss and stress testing models including timer series modelling techniques) for banking book exposures would be a significant benefit. * Experience of credit risk management and delivery software available in t

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