Overview

IFRS 9 Risk Manager

Location : London

Salary : -

 

Benefits package:             

  • 30 days annual leave plus bank holidays, opportunity to buy and sell holiday
  • 15% employer pension contribution, performance related bonus
  • Flexible working, cycle to work scheme, healthcare cash plan and life assurance
  • Paid voluntary day, maternity, adoption, and shared parental leave
  • Benefits designed to suit your lifestyle – from discounts on retail and socialising, to health and wellbeing, travel, and technology…and plenty more

 

 

THE ROLE

 

Working closely with the Senior IFRS 9 Manager, you will be responsible for driving continuous improvement of the Banks existing risk models through regular recalibration exercises of the model components (PD, EAD, LGD and economic modelling), whilst also improving the monitoring and reporting processes. In addition, you will be key in the development of solutions for new product offerings provided by the Bank.

 

You will manage the ongoing quarterly production of IFRS 9 expected credit losses using BBB’s models, whilst providing insight and analytical commentary to allow BBB’s senior management to make complex considerations and a high level of management judgement on the expected credit loss calculations of BBB’s debt investments through regular monitoring/MI reporting packs.

 

Additionally, you will contribute to the development of additional end to end IFRS 9 ECL model engine solutions should the Bank widen its product offering, develop PD scorecard models using logistic regression and a wide variety of internal and external data sources to maximise model performance should the Bank widen its product offering, and develop LGD model components which meet IFRS 9 requirements and are tailored to the specific product offering, security status and seniority.

 

You will have prior experience in an IFRS9/IAS39/Credit Risk Modelling team, ideally across SME lending, have an understanding of risk metrics and accounting concepts (PD, LGD, EAD, arrears and roll rates, interest rates, fair value, write-offs), and experience in credit rating scorecard and/or logistic regression model building experience and documentation skills.

 

Experience in undertaking linear regression analysis and historical vintage analysis, technical skills in Excel and PowerPoint, and written and verbal communication skills are essential.

 

You will be a capable planner, able to deliver on target, and able to demonstrate strong analytical skills and attention to detail, with knowledge in one or more of the following coding languages (SAS, SQL, R, VBA).

 

View the full job description.

 

ABOUT US

The British Business Bank is a unique and exciting institution. Its mission is to make finance markets work better so smaller businesses across the UK can prosper and grow.

 

Established in 2014, it is a 100% government-owned economic development bank but independently managed.

 

To deliver its programmes, the Bank works through more than 200 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.

 

Currently, we employ around 460 people, split between offices in Sheffield and London.

 

Please note all candidates applying for this role should have the right to work in the U.K.

If this job opportunity is not suitable, then check out the other LGBT friendly jobs across UK!