Impairment Model recruitment

Impairment Model

An immediate opportunity has arisen for an experienced Impairment Model to join our client, a major financial services company based in London

Key responsibilities of the Impairment Model job will include:
-To build first class impairment Expected Loss prototype models which meet the requirements of all relevant legislation, particularly IFRS9 impairment requirements, and potentially leverage our Basel II methodology
-To use the models built to produce an analysis of the financial impact of the new impairment models on impairment figures.
-To communicate and work with project stakeholders to build appropriate plans and manage workload to deliver against these plans.
-Build prototype expected loss based impairment models to agreed design and in accordance with any IASB driven changes.
-Design and execute model testing, including the sensitivity of assumptions and volatility and incorporate the conclusions into model design as appropriate.
-Produce model methodology and technical implementation documentation, in accordance with company standards.
-Support the successful steering of the prototype models through the internal governance processes, ensuring compliance with company standards and regulatory standards.
-Analyse the financial impacts of the changes in impairment methodology, gathering appropriate data and running the prototypes to assess the financial impacts.
-Produce a financial impact assessment paper for review with the business units and onward submission to the Project Steering Committee.
-Perform individual key tasks with minimal management involvement, to help ensure that high quality prototypes are delivered on time and meet project requirements.
-Act as a point of contact throughout the prototyping process with stakeholders, as required, including the business unit who require the model, other colleagues within Customer Analytics and Decisions, Retail Divisional Risk, project management and external consultants.

The ideal Impairment Model will possess the following attributes/skills:
-Extremely numerate with an excellent degree in a numerate discipline (preferably maths/statistics).
-Experience in the development of risk models in Retail Banking.
-Ideally, at least 3 years experience in the development of Retail Expected Loss models including Basel models and impairment models.
-Expert knowledge of modern risk management techniques within Retail Banking, and in the use of risk models within such an environment.
-Comprehensive and broad knowledge of consumer lending products and markets, with particular emphasis on the Basel II Accord and IFRS9 impacts.
-Experienced and competent in the use of statistical packages such as SAS (including dealing with large datasets) and model development environments.
-Experienced in the extraction and manipulation of data to support risk model development, including defining observation periods, outcome periods, choosing a suitable 'bad' definition.
-A high level of creativity, drive, self motivation, innovation and initiative to solve problems. Good time management skills and proven ability to work without the need for close supervision.
-Proven influencing, verbal and written communication skills.
-A natural ability with numbers, with the ability to work quickly and at a high level of detail and accuracy.

If you have similar Impairment Model experience to that outlined above and are looking for a temporary opportunity within a progressive and dynamic environment, please forward your CV today.
Randstad Financial Professional encourage applications from individuals of all ages backgrounds. Appointment will be made on merit alone but candidates must be able to demonstrate their ability to work in the UK. Randstad Financial Professional acts as an employment agency for permanent recruitment an employment business for temporary recruitment as defined by the Conduct of Employment Agencies Employment Business Regulations 2003