IFRS Impairment & Stress Testing Manager | S | Credit RiskCountry: United Kingdom
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You will play a key role within the Provision and Forecasting team responsible for the management of Impairment stock and Stress Testing Regulatory submissions for a key portfolio. Key activities include but are not limited to: monthly impairment reporting; review and challenge of the existing suite of IFRS models; development and maintenance of analytical dashboards and MI; day to day management of up to direct reports.
The difference you’ll make:
1. Overseeing the IFRS model outputs, Budgeting and/or stress testing exercises model outputs (such as ICAAP, ACS, EBA and internal scenarios)
2. Leading on the preparation of materials and presenting provisions/stress testing exercises results to the relevant governance forums/committees
3. Engaging with other risk areas such as forecasting, portfolio management, collections, finance, capital planning, climate risk and interaction with UK and European regulators regarding stress testing activities
4. Engaging regularly with internal/external auditors to ensure audit points are addressed and closed in a timely manner
5. Involving in review and challenge of the next generation credit risk provisioning & stress testing models
6. Establishing robust governance and control frameworks and flag issues that could lead to misstatement in the results
What you’ll bring:
7. Extensive knowledge and experience of IFRS and undertaking stress testing and forecasting exercises within retail banking
8. Extensive experience using SAS for in depth analysis
It would also be nice for you to have:
9. Excellent analytical and communications skill. Ability to draw conclusions based on analytic results, present complex concepts and results tailored to the audience
10. Understands how results are used by both internal customers (Finance MI and Capital Planning, etc.) and external customers (PRA and EBA)
11. Has a good understanding of both the Accounting Standards that impact the provisioning processes and Regulatory Guidance that impacts the capital calculations
12. Actively seeks to either reduce or remove risk when weaknesses in either the methodology or the processes are identified
What else you need to know:
We want our people to thrive at work and home, and we recognise that many people benefit from flexible arrangements. To enable us to deliver the best outcomes for our customers and to help each other develop we understand the importance of having the right balance of spending time together in an office while maintaining flexibility.
By working this way, we can continue to create moments that matter for everyone. To support this, we offer site-based contracts with a hybrid working pattern and we’re happy to discuss specific requirements throughout the recruitment process.
This role is a months fixed term contract role based in Milton Keynes and our current expectation is at least days in an office every week.
If you’re interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.
Inclusion.
At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.
How we’ll reward you.
As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs. Your salary, bonus (where eligible) and certain benefits will be prorated to reflect your contract duration.
13. We put % of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to .% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer
14. days’ holiday plus bank holidays, which increases to days after yrs service, with the option to purchase up to contractual days per year
15. £, car allowance per year
16. Company funded individual private medical insurance
17. Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, healthcare cash plan and health assessments
18. Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
19. Share in Santander’s success by investing in our share plans
What to do next.