Basel II/III – Tier 1 Investment Bank recruitment
Credit Risk Analyst - Basel II/III - Tier 1 Investment Bank
A position has arisen in the Global Risk function at this leading tier 1 Investment Bank.
The purpose of the team is:
Contribution to the pre/post notification process for AIRB changes;
Computation and management of the immateriality ratio;
Credit risk RWA advice.
The role encompasses;
Drafting notifications of changes affecting AIRB regulatory capital for FSA (for example changes to the regulatory capital calculation, introduction of new counterparty models, recalibration of existing models or introduction of new sites). This includes, but is not limited to, liaison with subject matter experts (e.g. model developers, credit officers, IT developers), submissions to the regulators etc.
Computing and managing the immateriality ratio and
Providing RWA advice to the business / credit executives on transactions.
Successful candidates will have
Graduate Degree in a quantitative subject preferably Science based, Mathematics or Finance/ Business/Economics.
Experience required:
Essential
Knowledge of Basel II /III in relation to counterparty risk models (AIRB approach)
Experience of regulatory reporting /data mining
Experience of working within an investment banking /derivative product environment
Previous exposure to probability of default, loss given default and exposure at default modeling
Business experience of working within a credit risk department.
- Strong attention to detail, with a meticulous approach to documentation.
Ability to think independently and question material presented.
Excellent knowledge of Microsoft Office products, particularly Excel and Word.
Self starter, motivated, disciplined individual. A dynamic flexible approach to work.
Effective, clear communication skills are essential. These need to be both written and oral
Knowledge of the credit risk for derivative products 