CCR Magazine

Location:  Halifax
Salary: £55,000- £75,000 + Bonus, Car & 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.

Accountabilities

• Validate and regularly review Retail Division credit risk models to agreed standards.
• Document 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 team of staff with expertise in model development, statistical techniques and BIPRU compliance.
• Produce validation reports on all new Retail Division credit models to the agreed standards.
• Complete the annual review of Retail Division rating systems within agreed timescales.
• Lead the enhancement of development and monitoring methodologies used in ratings ystems within Retail Division, including appropriate statistical techniques.
• Advise on the compliance of credit ratings models with BIPRU and Group Credit Policy.       
• Represent Divisional Risk on projects which involve the use or development of credit ratings systems models.
• Stay abreast of regulatory and statistical developments in order to ensure ongoing compliance and best practice across Retail Division.
• Develop the technical and managerial skills of team members to meet the current and future needs of the business.

Candidate Profile
Strong academic background (preferably MSc orequivalent) in a relevant quantitative discipline. 5+ years of risk modelling experience including and an understanding of Basel II requirements and the underlying conceptual framework. Results oriented and focused on delivering business impact, strong stakeholder management and presentation skills (written and verbal), and excellent project management skills.

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