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IRB Manager

Redhill, Surrey
£75,000 to £80,000
Job Type
8 Sep 2022
IRB Manager - 75-80K (plus 6k car allowance, 30 days holiday, PMI, bonus, pension etc.) Redhill, Surrey Leading financial services company are recruiting for an IRB Manager in their Risk Methodology Team, this is a pivotal role within the team as they will be picking the current project up and driving it through to conclusion within the next 18 - 24 months. This includes managing and coordinating the submission of the IRB application to the regulators, primarily from a risk perspective. Reporting to the Head of Methodology, this role will be responsible for ensuring that the modelling requirements of the IRB roll-out are met. Once in BAU, they will have responsibility for the maintenance (monitoring, calibration, and development) of the IRB models. What you'll be doing You will represent and manage the interests of the risk department as part of the overall IRB development project. This will include: Responsibility for the development of IRB parameter models, i.e. understanding and reviewing the statistical models Knowledge of current IRB regulations (PRA & ECB), keep abreast of future regulatory changes and ability to interpret regulations and ensure that models satisfy regulations Lead the ongoing model maintenance (calibration) and monitoring once IRB is in BAU Produce model related documentation (IRB model framework, IRB model documentation, IRB model monitoring documentation etc.) to the required standard Represent the business on the appropriate internal and Group committees and fora. Understand the synergies between IRB and IFRS 9 to ensure consistency Deal with or escalate any identified risks in relation to model risk policies and/or legislative and regulatory guidelines in accordance with the group risk framework What we're looking for The successful candidate will have; Previous experience building / monitoring Credit Risk models Significant experience of management of model development, model building and model monitoring is essential. Preferably in a large financial services organisation A deep understanding of the statistical concepts underpinning models developed within Credit Risk (e.g. application, behavioural, IFRS 9, IRB, macroeconomic time series etc.) Prior experience of meetings with the regulator (PRA/ECB) Regulatory knowledge of IRB Strong SAS skills Sound understanding the IFRS 9 standard Strong numerical/analytical skills with a high degree of mathematical literacy, e.g. at least a 2:1 degree or equivalent in a numerate discipline (Maths, Statistics, Sciences, Engineering, Operational Research, Physics) You must possess first class written and verbal communication skills and be able to effectively communicate with and present to both internal and external stakeholders across all levels of the business, (i.e. have the ability to explain technical concepts to non-technical staff) Must be able to adopt an organised and methodical approach to deliver personal and business objectives, using resources effectively to deliver the right thing, in the right place at the right time. TLP Consultancy Ltd is acting as an Employment Agency in relation to this vacancy
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  • Job Reference: 707261930-2
  • Date Posted: 8 September 2022
  • Recruiter: TLP Consultancy
    TLP Consultancy
  • Location: Redhill, Surrey
  • Salary: £75,000 to £80,000
  • Bonus/Benefits: 6K car allowance + Bonus + PMI
  • Sector: Transport & Logistics
  • Job Type: Permanent