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Risk Analyst

  • Location: London
  • Salary: £50,000 - £70,000 per year
  • Job Type:Permanent

Posted about 1 month ago

  • Sector: Risk Management
  • Contact: Benn Pople
  • Contact Email: bpople@merje.com
  • Expiry Date: 15 January 2022
  • Job Ref: BP/18413

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.