Credit Risk Model Review recruitment

You would join a team that is responsible for the independent review of the Group's wholesale credit models and methodologies that are used to derive credit grades and the key risk parameters PD (Probability of Default), LGD (Loss Given Default) and EAD (Exposure at Default) which are used to determine the Group's regulatory capital requirement and calculate the Risk Adjusted Return on Capital (and RAROE). The team supports risk management throughout the Group.

Core responsibilities:

to undertake in-depth assessments of models used by the Group (or proposed for use);
to ensure that the Group's wholesale credit models remain regulatory compliant
to ensure that the on-going performance of these models remains appropriate to the Group's needs;
to champion the introduction of industry best practices with respect to these;
To represent Risk Analytics in expert panels and to provide advice to those that are responsible for the delivery of risk measurement models and methodologies throughout the Group.
In addition, the role holder will play a key support role in other areas of Risk Analytics and in the management and leadership of the overall function:
Support advisory projects through frequent communication with internal stakeholders and by developing a good understanding of business issues, regulatory requirements and needs;
Develop strong relationships with managers in the businesses and in analytics functions within the divisions;
Assist in the creation of senior management ready documents and analyses in support of regulatory interactions and in compliance with key regulatory requirements (BIPRU and US Final rules); and
Build the team's reputation internally through participation in working groups and other forums.
Experience:

Excellent academic record including minimum degree level, preferably in a quantitative or finance subject (e.g. mathematics, statistics, economics); additional qualifications such as PhD, Masters Degree or MBA, CFA or FRM an advantage;
Knowledge of a wide range of Wholesale products, including credit risk related products for loan book and trading book and associated risks in a wholesale environment and related risk management issues;
Prior experience of development and/or review, validation and implementation of analytical credit risk measurement tools;
Good understanding of Basel II requirements and the FSA's interpretation of these;
Prior experience in delivery of both written and verbal communications to a senior management audience and of developing constructive relationships with a range of different stakeholders.

Further information on application

Empiric Solutions were established in 2005 and are one of the foremost providers of niche and specialist recruitment services within IT, Finance and Industry and Commerce globally. In December 2010, we became a Virgin Fast Track 100 company for the second consecutive year (3rd Fastest Growing company 2009).