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Credit Risk Model Validation Manager x 4 PDF Print E-mail
Monday, 08 February 2010

Location:  London
Salary:  £40,000- £50,000 + Bonus & Benefits

The Business Area
The role of the Capital Management team is to ensure that regulatory and economic capital is managed effectively within the Retail Division. This is achieved by ensuring that: capital is allocated effectively; capital requirements inherent in the Retail Division's plan are understood (including in stressed economic conditions); the Retail Division meets its regulatory and legal obligations for external reporting and explanation of credit risk related information; credit models and Basel Internal Rating Systems used within Retail are subject to appropriate validation, oversight and governance.


  • Validate and regularly review Retail Division credit risk models to agreed standards.
  • Contribute to the development of Divisional model development, model monitoring, validation and stress testing standards and ensure that all projects are run in accordance with the required standards.
  • Manage a small team of staff with expertise in model development, statistical techniques and BIPRU compliance.
  • Produce validation reports on new Retail Division credit models to the agreed standards. To complete the annual review of Retail Division rating systems within agreed timescales.
  • Contribute to the enhancement of development and monitoring methodologies used in rating systems within Retail Division, including appropriate statistical techniques.
  • Represent Divisional Risk on projects which involve the use or development of credit rating system models.
  • Liaise between Retail Division business units and modelling teams and Group Credit and ensure a consistent approach to Basel across the Division.
  • Stay abreast of regulatory and statistical developments in order to ensure ongoing compliance and best practice across Retail Division.

Additional Details
Strong academic background (preferably MSc orequivalent) in a relevant quantitative discipline. 3+ years of risk modellingexperience including the development of Basel rating models for retail assetclasses. Very strong understanding of Basel II requirements and the underlyingconceptual framework. Results oriented and focused on delivering businessimpact. Good stakeholder management and presentation skills (written andverbal); Good project management skills.

Please send your CV to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it or contact us on 0845 850 4045.


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CCR-e is the new recruitment solution for senior consumer and commercial credit professionals in the UK and worldwide.

Are you looking for the next step in your career? Or are you looking to find that rare, exceptional individual who can lead your business forward? Then CCR-e is the answer.

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