Senior Credit Risk Modeller Location: Hybrid (Head Office, West Bromwich) Salary: c. £60,000 (Depending on Experience) Contract: Permanent Hours: 35 hours per week 09.00 17.00, Monday Friday The West Brom are looking to recruit a Senior Credit Risk Modeller on a permanent contract. Reporting into the Senior Manager, Credit Risk Modelling & Analytics, the post holder will be leading the development of models and scorecards, and monitoring of the models to ensure they perform within tolerance. The incumbent would also be managing two junior modellers and overseeing their development. Key responsibilities are: Lead the development of a suite of models and tools used to support the Societys corporate objectives. This primarily relates to models/tools relating to the measurement and management of residential credit risk, but also includes models used to support impairment and product pricing. Lead the development, maintenance and first line validation of statistical models, impairment models, processes, and procedures in particular IFRS 9 Models (PD, LGD & EAD) and scorecards. Undertake monitoring of models to ensure these are performing within tolerances. Escalate any issues identified so that corrective action may be taken. Provide analytical insight across the Society to support decision making. Provide support to staff across the Society who use models/tools developed by the team. Ensure models are developed in accordance with industry best practice techniques and regulatory requirements and guidance, as well as the development and validation standards set out by the Societys Model Risk Group (MRG). Prepare clear and concise papers relating to models for Risk Governance Committee meetings and Senior Management. Identify and manage Risk within area of responsibility. Key Skills and Experience Highly numerate and analytical Experience of building regulatory models. Preferably a degree in Mathematics or statistics related subject Exposure to specialist statistical and data mining tools preferred (SAS, Python, R) High level of attention to detail enabling the production of analyses with a consistently high degree of accuracy Understanding of SS1/23 Model Risk Management requirements Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure. What's in it for you? We wholeheartedly believe that our people are our greatest asset, thats why in addition to your salary you will be rewarded with a wide range of other benefits: Generous annual leave starting at 175 hours (25 days) 8 bank holidays, (pro rata) Pension scheme where we will augment your contribution by 0.6% (Up to 10.6%) Social club membership dozens of discounts available for a wide variety of family days out and events Performance related pay scheme Corporate health plan with the option to include family members Discounted travel cards Life assurance provided by the Society at 4 times your salary When we say our people are the West Broms biggest asset that doesnt mean just viewing them as employees. We also recognise they have a life outside work, one that has responsibilities and rewards which the Society respects and supports in ways that aim to bring the best out of them. We operate flexible/hybrid working at our Head Office, our Recruitment team will be happy to share further details of this with you if you are interested in applying for a role. Why choose the West Brom? At the West Brom we appreciate that our employees are unique individuals with differing needs depending on their specific circumstances and stages in life. When we say our people are the West Broms biggest asset that doesnt mean just viewing them as employees. We are proud of our heritage and absolutely believe that the West Brom is a great place to work. The West Brom are a Disability Leader employer and encourage disabled applicants and applicants from diverse backgrounds to apply. We will consider requests to make adjustments to our recruitment process and offer a guaranteed interview to disabled applicants meeting the essential criteria. Should you require assistance please do not hesitate to email. Check out our careers page to find out more about our culture, values and benefits. If you share our values and our enthusiasm, then you will find a home at the West Brom. Do it today and click apply Please note We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible Head Office: 2 Providence Place West Bromwich B70 8AF. The West Brom is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Register no. 104877. the West Brom is a trading name of West Bromwich Building Society. ADZN1_UKTJ