Position: Risk Analyst Location:London Salary:Up to £70k depending on experience Group:Risk Reports to:Manager, Risk Analytics Direct Reports None Internal Relationships: Finance, Treasury, and business users of analytics External Relationships:Occasional work with auditors and external consultants
Job Purpose · Support the Risk Analytics team in delivering and developing insights on a wide range of risks, in particular Credit (including ECL), Liquidity & Funding, Operational, Interest Rate and Climate Risks and stresses.The role includes providing support for ICAAP, ILAAP and Recovery Planning · Run and enhance risk appetite measurement models and related forecasting · Support development of good model governance including structured development, documentation of models and design and running of model validation tests.This includes assisting with evaluation of PD/EAD/LGD and macro-economic drivers for credit models, as well as statistical evaluation of operational loss histories · Support the development of data repositories (which may entail integration with third party systems and data sources) Qualifications:
Good university degree (2.1 or better) Required Experience: · Intermediate level post-graduate with 2 to 3 years’ commercial experience (or consultant) · Experience in a banking or financial institution (Risk, Business Portfolio Analysis or Finance), including credit and / or liquidity regulatory calculations and production of management information and reports. · Practical experience and knowledge of the credit cycle including credit appraisal (and rating schemes / credit decision models) · Familiarity with the operations of Treasury including liquidity and funding risk management · Broad familiarity with stress-testing (regular and episodic e.g. ICAAP) · Skilled in the visualization of data, and selecting appropriate chart types to inform management · Good communication skills, and the ability to write and speak on technical issues to nontechnical audience · Knowledge of statistical and mathematical concepts such as Monte-Carlo and credit transition matrices would be useful · Skilled with Microsoft Excel, including creation of spread sheets with embedded error checking for use in semi-production environments.Experience of MS-Access and/or SQL development would be useful · Exposure to “R” and “Python” for coding would be useful Competencies
· Ability to adapt to working in a multi-cultural environment · Highly efficient, team player, with good attention to detail, accuracy · High standard performer that enjoys working in a dynamic and small team · Ability to work unsupervised, to tight deadlines and to withstand occasional high pressure · Accuracy and high level of numeracy and literacy · Pragmatic and creative, able to work with and get insight from limited and imperfect data
Key Success Factors
· Consistent high quality output and performance. · Ability to contribute positively to small, close team and establish good working relationships with relevant parties and colleagues. · Willingness to learn and take on new challenges.
Any Other Comments This role would be of interest to someone early in their career who wishes to develop a broad and detailed view of the management of all risks in a bank and the opportunity to work closely with senior management that comes in a smaller organization.
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