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Model Development Analyst

  • Location: Chatham
  • Salary: Up to £55,000 per year
  • Job Type:Permanent

Posted 3 months ago

  • Sector: Credit Risk & Analytics
  • Contact: Nuhaa Mohamed
  • Contact Email: nmohamed@merje.com
  • Contact Phone: 0161 883 2762
  • Expiry Date: 05 February 2024
  • Job Ref: NM/11155

Model Development Analyst- London (Hybrid)- up to £55K

My Client  are seeking a skilled and motivated Model Development Analyst to join their team in London. In this key role, you will be responsible for designing, building and maintaining models across the business, ensuring compliance with regulatory standards. 

Key Responsibilities:

Support the implementation of models across the organisation and provide expert assistance to ensure practical use, application and documentation and proof of the same;

Be accountable to a Model Manager to support the organisation obtaining and maintaining its IRB status and maintain IFRS9 compliance; that the models and rating system are fit for purpose; and can be relied upon to accurately assess capital and IFRS9 reporting requirements for credit risk and impairment modelling;

Support Risk in providing an informed view of the credit profile of the business, potential impairments and support the stress testing of the same, particularly as it relates to potential losses and capital consumption assessment and planning;

Undertake analysis to support the assurance that the requirements for an IRB firm and IFRS 9 are being met and that the models and rating systems in place are performing in accordance with expected standards and outputs;

Undertake analysis, model development and monitoring for IRB, IFRS9 and other models. Ensuring the models differentiate properly by asset class as they relate to the initial assessment, decision-making, application processes, behavioural monitoring processes and loss given default ('LGD') outputs to deliver a suite of models which are capable of delivering accurate Expected Loss ('EL') for the portfolio and cohorts;

Key Requirements:

Advanced mathematical, modelling and quantitative analysis skills are essential

Advanced use and application of data modelling and data analysis software: specifically SAS, WPS or similar are essential

Excellent IT skills: of Microsoft Word/Excel/PowerPoint/Visual Basic are essential

Excellent verbal and written communication skills are essential

Previous experience of working first hand in a Risk environment is desirable

Previous experience of working closely with management functions, experience in producing reporting/analytical output and presenting material effectively is essential

Previous experience of model building or validation, quantitative analysis and data manipulation is essential

Experience working effectively with Internal and External Audit is desirable

Experience working in an IRB or IFRS 9 project environment is desirable

If interested, send your CV through to nmohamed@merje.com