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Senior Risk Analysts x 3 – Model Validation PDF Print E-mail
Tuesday, 09 February 2010

Location:  Halifax
Salary:   £35,000 + Bonus & Benefits. Start:  March / April

The Business Area

The Independent Credit Risk Control Unit has direct responsibility for the validation, oversight and governance of all of Retail's credit models as well as contributing to the wider issues of model use, other capital adequacy issues and strategic considerations. This includes both setting the governance and control framework and implementing it via independent reviews and running the relevant committees etc. 

Credit models covered by ICRCU include Basel capital models, impairment, forecasting/stress testing, pricing/risk-reward, affordability, collections and recoveries and marketing models. 

ICRCU sits within Capital Management, to provide the required independence from the model building areas (largely Decision Science).  Both ICRCU and Decision Science report directly to the Retail Divisional Risk Officer.  The Capital Management team's overall role is to ensure that regulatory and economic capital is managed effectively within the Retail Division, as well as ensuring that all credit models are demonstrably fit for purpose. 

Accountabilities

  • Ensure Retail Division's models are fit for purpose via independent reviews, annual validations and reviews of ongoing monitoring.
  • Assist the review of Divisional standards for model development, model monitoring, validation and stress testing and ensure that all projects are run in accordance with the required standards.  Assist the enhancement of these standards to ensure best practice is maintained.
  • Assist the enhancement of model development and monitoring methodologies used in rating systems within Retail Division, including appropriate statistical techniques.
  • Stay abreast of regulatory and modelling developments to ensure ongoing compliance and best practice.

Candidate Profile

  • Strong academic background (preferably MSc or equivalent) in a relevant quantitative discipline.  Experience of retail credit risk modelling, through either building or validation of relevant retail credit models. 
  • Project management, stakeholder management and presentation skills.
  • There will be a huge opportunity to learn about the full spectrum of credit models and products, hence a self motivated person who will actively seek to get involved to the highest extent possible is required.

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

 

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