Capital Model Associate Director Wanted for leading Bank recruitment
Job Purpose
The position is in the Group Operational Risk team. The team’s primary role is to provide assurance to the Group’s Executive on the operational risk management and measurement across the group.
The job holder will:
• Understand and effectively communicate the Key Risk Scenario assessment process and the AMA model to business leaders
• Run the KRS process and the AMA model and produce related reports
• Keep abreast of industry best practice in Advanced Measurement Approaches
• Contribute to the ongoing development of the AMA model
Main Accountabilities and approximate time split
Model development 40 %
• Liaise with industry experts and FSA to ensure that approach is consistent with best practice and is acceptable to regulators
• Conduct statistical analysis of loss data
• Design and develop improvements to the AMA model
• Coordinate internal validation of models
Operational Risk Analysis Reporting 60%
• Review and challenge operational risk assessments and analysis by BUs
• Calculate quarterly and monthly capital requirements using AMA model and prepare reports
• Analyse operational risk data to validate assessments
• Training and education of BU management on model methodology and KRS assessments
Technical Skills/Competencies
• Highly competent in statistical analysis (eg distribution fitting, identifying trends, correlation analysis, convolution of distributions, simulation techniques)
• Advanced Excel capabilities
• Mathematica or C++ programming experience desirable
• Excellent organisational skills – to ensure timely delivery of Regulatory and Economic Capital reporting and other deliverables
• Strong networking and communication skills – to engage Business Unit operational risk
Hamlyn Williams is an Executive Recruitment consultancy that specialises in placing Risk Information Security professionals globally:- offering Retained, Contingency and Interim/Contract recruitment solutions for the Financial Professional Services.