Job Description
Business Unit: Model Risk Management, IFRS9 and Stress Testing
Salary range: £60,000 - £75,000 per annum DOE + red-hot benefits
Location: UK Hybrid – London HUB once per week
Contract type: Permanent
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Be the voice we need. Live a life more Virgin.
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Our Team
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Our IFRS 9 and Stress Testing team sits at the core of Model Risk & Analytics. We carry out model development for Stress testing across all the portfolios for ICAAP, ACS and adhoc stress testing purposes. We are developing and improving the landscape of our Stress testing models to support the rapidly growing and evolving portfolio. We aim to deliver robust Stress testing models to support bank’s strategic roadmap.
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What you’ll be doing
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1. Developing and maintaining credit stress testing models across Retail and Business portfolios, and across IRB and IFRS 9 modelling environments, including ongoing model maintenance and the scoping, design, development, validation and implementation of credit stress testing models, in line with Bank standards and regulatory compliance requirements.
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2. Working closely with management to independently implement changes to the SAS based Stress Testing Engines and associated analytical tools and Excel interfaces, with evidenced assurance of implement...