Economic Capital Analyst recruitment
The Portfolio function was established to better understand the shape and allocation of the Bank's risk: to identify and model the potential shocks that could affect the portfolio. A portfolio risk view allows management to understand the direction of the exposures being taken on a sector, geography and product basis, across lending, derivatives and trading positions.
The Economic Capital team provide support to Group Risk and Finance in the calculation of Risk Weighted Assets (RWAs) Economic Capital and coordinating the various forms of stress testing analysis undertaken within Credit Risk.
Responsibilities include:
Executing and improve the monthly credit economic capital process, responsible for:
Taking ownership of the monthly data feeds to ensure accuracy and completeness for the monthly EC calculations
Running EC models, performing analysis on key movements and explaining underlying trends
Liaising with the wider Risk and Finance functions to understand, verify and explain movements and trends in credit risk EC
Collation of results into monthly EC MI
Supporting further automation of EC systems and monthly process
Reconciliation of data feeds to ensure complete coverage and consistency with monthly regulatory capital calculations
Ad-hoc tasks to ensure correct treatments for EC are being implemented in calculations, systems are operating correctly and new products are modelled correctly
Person Requirements:
An elementary understanding of risk and capital
Experience with Excel and ideally Access and VBA
Strong attention to detail
Effective, clear communication skills, both written and oral
Well organised with the ability to multi-task and prioritise workload to meet tight deadlines