Jobs in Credit is the only job site dedicated to recruitment within the UK credit industry, we only advertise jobs which are related to the credit process or are within credit focused organisations. We also offer credit and recruitment related value added services.
Global retail bank in Canary Wharf currently has a number of vacancies for experienced Credit Risk Analysts to join their Portfolio Management team.
The primary purpose of the Portfolio Manager is to lead projects or analysis of one or more credit risk disciplines in support of loan portfolios. The focus will be on the full range of Credit Risk, from application policies and strategies to impairment and forecasting. The right candidate will have the opportunity to deliver initiatives from the initial analytical stage right through to implementation, directly impacting the P&L
.
Candidates must have a numerate degree; experience in SAS and 2 years + credit risk experience. The position requires strong strategic thinkers with good intellect and ability to focus on the whole portfolio of Credit Risk activities and their value generation.
The basic salary is between £30,000 - £40,000 + Bonus, London Allowance (£3.5k) & Benefits.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Credit Model Validation Analysts - North-East Europe & US
Location: London
Salary: £40,000 - £50,000 + Bonus & Benefits
The Internal Validation Team (IVT) is a dedicated function, focused upon the independent validation of models developed in the Risk division for the measurement of key risks that arise in the business. The IVT play a key role in the model approval process, providing senior management with independent reviews of models and also engaging in dialogue with the external supervisors in final model approval. These models play a primary role in the calculation of regulatory capital, a fundamental measure in risk management.
Based in both London and Manchester the UK IVT forms part of the Global Internal Validation Team and, in addition to local reporting lines, reports into the central IVT located in Madrid. The UK IVT has a diverse remit covering credit risk model validation across Retail, Wholesale and Corporate Banking. In addition, the UK IVT remit also includes validation of Economic Capital methodologies, Pillar II models and exposure to market risk methodologies. Geographically the UK IVT is responsible for Group interests across North-East Europe, as well as the UK this Germany and will continue to expand into Norway and further into Eastern-Europe as regulatory model development and use progresses through the Group. During 2009 the UK IVT have also validated models in the US Bank, this activity is set to continue throughout 2010.
The Role, Key Responsibilities and Relationships
To conduct independent reviews of newly developed and proposed models/methodologies
You will identify key areas of weakness, agreeing these with model owners/developers, assigning ownership and agreeing remediation timescales.
To track and monitor progress against previous validation recommendations
This is a critical element of the ongoing validation process, helping to ensure that previously validated models follow a trajectory of continual improvement and evolution changing to support the requirements of both business and the supervisory world.
As well as the above points, models will be subject to periodic reviews and your contribution and ownership will be required in the validation of models against specific items of interest
Review of technical documentation
One of the key elements of a model review is the ability to understand technical documentation which has been written to describe the models that have been developed
Creation of technical documentation
Technical Requirements
Degree level education (or equivalent) in a quantitative field such as Mathematics, Statistics, Physics, Mathematical Finance etc... Postgraduate qualification/PhD would be advantageous
A working knowledge of SAS, preferably used in a business context. Knowledge of alternatives such as E-Views, SPSS or any other statistical software advantageous
Relevant work experience in Risk Management, either as a model developer or similar
Appreciation/knowledge of regulatory compliance requirements such as Basel II
Previous experience of Risk modelling techniques employed in Credit, Market (or Operational Risk) areas.
Please send your CV to info@aspiredata.co.uk or contact Phillip Hartley on 0845 850 4045.
Global banking organisation based in Canary Wharf London has 3 vacancies for Retail Credit Risk Managers to join their Western European Risk division.
Overview
Risk management accountability and oversight for Cards and Loans portfolios within the Western Europe (WE) cluster, across the credit risk cycle covering underwriting, portfolio management, collections and risk/reward optimisation.
Description
Responsible for 'end to end' Risk Management:
Regularly monitor and review portfolio performance to identify risk hot spots and engender risk optimisation & mitigation actions.
Understand credit risk policies, processes and drivers of performance across the cluster and ensure best in class risk management practices.
Lead and participate in critical risk initiatives across WE cluster that support risk and business goals and aim to optimize risk/reward while maintaining strong governance and controls.
Implementation of best practice sharing and best in class risk management across infrastructure, practices, policies & people.
Retail Credit Risk functional responsibility - responsible for managing Impairment & Planning:
Coordinate effective, accurate and timely Impairment updates for Western Europe centre on a monthly calendar basis.
Be the 'go to' person on Impairment for Western Europe, understanding Impairment policy, latest Impairment outlooks and key drivers of material deviations from Impairment plans.
Drive best practice sharing across Western Europe, ensuring that all markets adopt the most appropriate Impairment practices, with full alignment to Group Impairment policy.
Hold the key position of Secretary for the Western Europe Impairment Committee.
Coordinate the planning process for Western Europe Credit Risk, ensuring clear articulation of key deliverables, milestones and expectations.
Ensure effective stakeholder management is undertaken within Credit Risk, with Western Europe Finance, with Group Risk and with in-country teams to ensure a joined up approach to planning is embedded, specifically tying together key components of the forecasts (Impairment, Risk Weighted Assets, Capital and Profitability)
Candidate Specification
Strong analytical and technical skills - 7 years + experience in credit risk
Judgment and leadership capability and an ability to assume ownership of initiatives.
Interpersonal & people management, team building skills
Strong understanding of consumer lending products and full lifecycle risk management disciplines with ability to constructively challenge and debate local and industry issues.
Basic salary on offer is between £50,000 - £70,000 + Car (£4,500), London Allowance (£3,500), Pension, Shares, Bonus & Healthcare.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Senior Decision Science Analysts x 2 Fraud Modelling
Location: London
Salary: £32,000 - £38,000 + London Allowance (£3,500) + Bonus & Benefits
Key Accountabilities
Develop fraud analytics and models to support Banking applications and transactional fraud reduction activities.
Develop first-class quantitative fraud prevention techniques (data collection, data mining, synthesis and analysis, modelling, etc.), making significant contributions to the model development.
Support Fraud Operations in the deployment and use of fraud analytics and models.
Exploit the potential of leading-edge quantitative fraud detection/prevention techniques
Candidate Profile
A good degree in a numerate subject, preferably at a postgraduate level, and preferably in a relevant subject (maths, statistics, operational research, economics).
At least 2 years experience in the development of risk models in Retail Banking.
Experienced and competent in the use of statistical packages e.g. SAS (including dealing with large datasets) and model development environments.
Good communication (both written and verbal) skills.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 0845.
Job Title: Graduate Decision Science Analyst
Location: London
Salary: £20,000 - £24,000 + Training (SAS), Bonus & Benefits Package
Key Accountabilities
To be an active member of a Modelling and Analytics team ensuring that Retail Decision Science builds excellent Retail Credit Risk models.
To work with team colleagues in supporting Decision Science Senior Managers in the development of wider initiatives across the team.
Assist in some steps of the scoping, design, development, validation and implementation of risk models.
Apply technical methods in the development of risk models (e.g. scorecards).
Assist on individual tasks (as requested) in the preparation of business cases for individual model developments. Perform key tasks within individual model development projects on your own and demonstrate the ability to work well within a team environment to support the delivery of high quality models.
Help support your team leader in responding to specific requests from other stakeholders in the model development (including the business who requested the model and others in your team and in the wider Decision Science team).
Respond well to feedback, and work to overcome any weaknesses and develop as a member of the Decision Science team
Candidate Profile
A good degree (2:1+) in a numerate subject, preferably at a postgraduate level, and preferably in a relevant subject (maths, statistics, operational research, economics). A Level Maths at Grade B+.
Some experience in the development of statistical models
Some practical experience in the use of statistical packages e.g. SAS (including dealing with large datasets) and model development environments
Good communication (both written and verbal) skills.
Good planning/organising skills.
A high level of creativity, drive, innovation and initiative, with good time management skills.
A natural ability with numbers, with the ability to work quickly and at a high level of detail and accuracy.
Successful applicants will receive a reply within 3 days.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
This is a great opportunity to secure a pivotal role in a high profile, innovative financial services organisation. They are looking to recruit a reputable, experienced and driven Credit Risk manager.
The main purpose of this role is to lead an analytical team responsible for the credit risk management of the Current Account and Savings portfolio. The role holder will be responsible for the account management and underwriting within one of the credit risk teams with key focus on ensuring the continued sustainability and profitability of the portfolio.
Required:
Completion of a degree in a numerate or semi-numerate subject or significant relevant experience.
A self-motivated team player who is able to define, structure and prioritize work for self as well as others, but who also has the flexibility and capability to change priorities when circumstances dictate.
The ability to understand and commission complex analysis to support strategy testing.
The role holder also needs a strong commercial focus and a good understanding of the drivers of credit profitability.
A passion for adding value to the business through the production of empirically sounding policies and approaches.
The intellectual capacity to move their team forward by constantly looking for better approaches.
Passionate about data and statistical modelling, and how this contributes to the business.
Able to adapt quickly to a new environment and rapidly assume a position of leadership.
Job Title: Corporate Risk Modelling Analyst
Location: London (NW)
Salary: c.£70,000 + Bonus & Benefits
Client: Global Banking Organisation
Role Description
The corporate models team within the UK Risk Methodology is responsible for the design, building and implementation of wholesale credit models to support UK Corporate Banking and Global Banking and Markets.
As part of the team restructuring a new vacancy has arisen to support the team functions. In particular, the candidate will be involved in the design, building, implementation, documentation, training and performance monitoring of PD, LGD and EAD models.
Key Responsibilities
Consider the following categories of responsibility: Financial; Process; Control; Customer; People Management; Projects
Design, build and implement PD and LGD models for different asset classes
Provide quantitative support to UK corporate banking
Take ownership of existing PD and LGD models, pricing tools and portfolio management systems
Provide documentation and training on existing models
Liaise with structured credit to provide quantitative solutions in timely manner
Liaise with other quantitative analysts within the Group to ensure that local solutions are consistent with any existing group approach
Perform research into new corporate products
Candidate Profile
Experience building credit models (PD and/or LGD) for some of the following sectors:
Medium size corporates (UK)Banks
UK public sector
UK Social Housing
Banks Trade Services
Project Finance
Education sector
Educated to MSc or PhD level (or equivalent) in a numerate discipline
In depth knowledge of credit risk modelling
Relevant exposure to modelling wholesale credit risk
Clear evidence of mathematical / Statistical skills
High programming skills (VBa, SAS, C++)
Excellent knowledge of Basel II accord
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Junior Market Risk Analyst
Location: London
Salary: £35,000 - £50,000 + Bonus & Benefits
The analytics team within the Quantitative Risk Group is responsible for methodology and model risk management of the Wholesale Bank across Market Risk and Credit Risk.
An opportunity has arisen within the, part of Global Methodology, to support team functions. In particular, the successful candidate will be involved in a Model Risk Assessment exercise and the consequent analysis of fair value adjustments, and improvements in counterparty risk charges.
Key responsibilities are as follows.
Alignment with group methodologies
Parameterisation of derivatives pricing models
Analysis and development of pricing tools
Working closely with other quants in London and / or Europe on ad hoc projects
Support to Banking Market Risk, Trading Market Risk, Credit Risk, Product Control and Front Office as appropriate
Understanding of counterparty credit risk methodology including review and development
Understanding of market risk methodology including review and development
Candidate Profile
Educated to MSc or PhD level (or equivalent) in a numerate discipline
Clear evidence of mathematical or econometric skills
High level of programming skills in VBA and ideally Matlab and C++
Good practical knowledge of financial derivatives
Excellent technical writing skills
Strong analytical and problem solving ability
Strong communication skills
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Senior Manager Product & New Product Development
Location: London or Cardiff
Salary: £60,000 - £80,000 + Bonus, Car & Package
Overview
The role will lead a team of 6 product managers / analysts to ensure that the bank is leading the market with its portfolio of credit. You will be accountable for determining a customer needs driven range of products that drive both the commercial objectives of the cards business and customer advocacy as well as supporting the retail strategy, card strategy and brand principles.
Key Accountabilities
Providing in-depth analysis and insight to inform product design and help decision-making by the senior leadership team
Defining and implementing a customer needs driven product line strategy across all three brands and channels
Developing and implementing required changes to the existing product suite to align to the product line strategy
Developing and launching compelling profitable new cards products
Identifying and implementing capabilities for identified customer needs to improve customer experience and advocacy
Candidate Profile
Strong commercial acumen plus a strong understanding of customer needs, having and demonstrating a balance between the commercial and the customer elements is absolutely vital.
Ideally from a credit card background, or from FS, however this is not essential.
Strong NPD background with the financial/customer balanced approach
5+ years relevant experience
Experience in having held a senior manager role, leading a team
Drive and enthusiasm to join the largest issuer of cards in the UK
Desire to make a difference and shape the future of cards
This is an ideal role for a high performing applicant to move into fast moving industry and will provide opportunity to transition into line role. Looking for excellent problem solving, analytical and communication skills.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Senior Risk Analysts Model Validation
Location: London
Salary: £35,000 - £40,000 + Bonus, London Allowance (£3.5k) & Benefits
The Business Area
The Independent Credit Risk Control Unit has direct responsibility for the validation, oversight and governance of all of Retail's credit models as well as contributing to the wider issues of model use, other capital adequacy issues and strategic considerations. This includes both setting the governance and control framework and implementing it via independent reviews and running the relevant committees etc.
Credit models covered by ICRCU include Basel capital models, impairment, forecasting/stress testing, pricing/risk-reward, affordability, collections and recoveries and marketing models.
ICRCU sits within Capital Management, to provide the required independence from the model building areas (largely Decision Science). Both ICRCU and Decision Science report directly to the Retail Divisional Risk Officer. The Capital Management team's overall role is to ensure that regulatory and economic capital is managed effectively within the Retail Division, as well as ensuring that all credit models are demonstrably fit for purpose.
Accountabilities
Ensure Retail Division's models are fit for purpose via independent reviews, annual validations and reviews of ongoing monitoring.
Assist the review of Divisional standards for model development, model monitoring, validation and stress testing and ensure that all projects are run in accordance with the required standards. Assist the enhancement of these standards to ensure best practice is maintained.
Assist the enhancement of model development and monitoring methodologies used in rating systems within Retail Division, including appropriate statistical techniques.
Stay abreast of regulatory and modelling developments to ensure ongoing compliance and best practice.
Candidate Profile
Strong academic background (preferably MSc or equivalent) in a relevant quantitative discipline. Experience of retail credit risk modelling, through either building or validation of relevant retail credit models.
Project management, stakeholder management and presentation skills.
There will be a huge opportunity to learn about the full spectrum of credit models and products, hence a self motivated person who will actively seek to get involved to the highest extent possible is required.
Please send your CV to info@aspiredata.co.uk or contact Phillip Hartley on 0845 850 4045.
Job Title: Internal Model Validation - Quantitative Analysts x 2
Location: London
Salary: £40,000 - £50,000 + Bonus & Benefits
The Internal Validation Team (IVT) is a dedicated function, focused upon the independent validation of models developed in the Risk division for the measurement of key risks that arise in the business. The IVT play a key role in the model approval process, providing senior management with independent reviews of models and also engaging in dialogue with the external supervisors in final model approval. These models play a primary role in the calculation of regulatory capital, a fundamental measure in risk management.
Based in both London and Manchester the UK IVT forms part of the Global Internal Validation Team and, in addition to local reporting lines, reports into the central IVT located in Madrid. The UK IVT has a diverse remit covering credit risk model validation across Retail, Wholesale and Corporate Banking. In addition, the UK IVT remit also includes validation of Economic Capital methodologies, Pillar II models and exposure to market risk methodologies. Geographically the UK IVT is responsible for Group interests across North-East Europe, as well as the UK this Germany and will continue to expand into Norway and further into Eastern-Europe as regulatory model development and use progresses through the Group. During 2009 the UK IVT have also validated models in the US Bank, this activity is set to continue throughout 2010.
The Role, Key Responsibilities and Relationships
To conduct independent reviews of newly developed and proposed models/methodologies
You will identify key areas of weakness, agreeing these with model owners/developers, assigning ownership and agreeing remediation timescales.
To track and monitor progress against previous validation recommendations
This is a critical element of the ongoing validation process, helping to ensure that previously validated models follow a trajectory of continual improvement and evolution changing to support the requirements of both business and the supervisory world.
As well as the above points, models will be subject to periodic reviews and your contribution and ownership will be required in the validation of models against specific items of interest
Review of technical documentation
One of the key elements of a model review is the ability to understand technical documentation which has been written to describe the models that have been developed
Creation of technical documentation
Technical Requirements
Degree level education (or equivalent) in a quantitative field such as Mathematics, Statistics, Physics, Mathematical Finance etc... Postgraduate qualification/PhD would be advantageous
A working knowledge of SAS, preferably used in a business context. Knowledge of alternatives such as E-Views, SPSS or any other statistical software advantageous
Relevant work experience in Risk Management, either as a model developer or similar
Appreciation/knowledge of regulatory compliance requirements such as Basel II
Previous experience of Risk modelling techniques employed in Credit, Market (or Operational Risk) areas.
Please send your CV to info@aspiredata.co.uk or contact Phillip Hartley on 0845 850 4045.
Job Title: Credit Analyst Insurance
Location: London
Salary: £50,000 - £60,000 + Bonus & Benefits
Responsibilities
Supporting Global Banking & Markets by the analysis of life, general & composite insurers and reinsurers, including Lloyds. Primary geographic location of counterparties is the UK & Ireland. Analysis of Non-Bank Financial Institutions (including Funds, Pension Funds, Fund Managers and Brokers) within this same geographic range may also be a feature.
Ongoing credit monitoring and timely completion of annual reviews on assigned portfolio. This will require close ongoing liaison with colleagues in Madrid Risk to ensure that reviews are completed in the required format and within the necessary timescales. Update of internal credit risk systems, including the credit risk limit monitoring system, to ensure that data integrity for Insurance/NBFI counterparties within a portfolio of assets is accurately maintained.
Ensuring that appropriate documentation is executed for Insurance/NBFI counterparties, including responsibility for recommending triggers, covenants and credit support documents therein.
Undertaking due diligence meetings with Insurance/NBFI counterparties where necessary, with the support of other Team members if appropriate.
Candidate Requirements
Demonstrable credit experience, ideally with time spent analysing NBFI/Insurance companies. Exceptional candidates with experience of financial institution/bank or corporate analysis will also be considered.
Relevant experience in financial markets providing a working knowledge of capital markets and treasury products. Ideally, this experience should include the range of repo, stock borrowing/lending, equity financing and equity derivative products.
Ability to undertake in-depth financial and ratio analysis.
Ability to work to tight timescales, when required.
Understanding of legal and documentation issues, particularly derivatives and loan documentation.
General commercial awareness.
Ideally educated to degree level in a business/financial degree or professional equivalent or equivalent.
High degree of computer literacy (Word and Excel as pre-requisites); good modelling skills and knowledge of ISIS would be advantageous.
Good familiarity with the NBFI/Insurance company rating criteria and practice of the ratings agencies Standard & Poors and Moodys.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: ALM Risk Manager
Salary: £70,000 - £100,000 + Bonus & Benefits
Location: London
Job Purpose
This role is to lead the ALM risk team. This team covers the non-traded market risks and provides risk reporting, analysis and challenge to internal departments and senior management.
What youll do
You will manage, motivate and lead a team of market risk analysts. With your team, you will deliver accurate, timely and complete ALM risk reporting. You will ensure that processes and procedures are adequately documented, and develop and deliver system changes and improvements as required.
You will provide technical ALM risk leadership to the wider Risk team as a subject matter expert. This will involve providing technical support and advice to team members, especially when tackling new and previously unsolved problems or issues. You will also couple your technical expertise with your strong business knowledge to help the team turn technical output into sound business information and policy.
Candidate Profile
You have at least seven years experience of non-traded market risk, either in a risk function or related area. You have a strong attention to detail and a good feel for risk numbers. A rewarding role for you is one that gives you the opportunity to apply your thorough understanding of the dynamics of a non-traded bank balance sheet through detailed analysis, reporting and improving the value added by the team.
You are looking to apply your high level of technical knowledge in a new environment, working for a strong growing bank that offers global opportunities for the right people.
Essential
Educated to degree standard or equivalent in a quantitative subject (e.g. Economics, Maths).
Strong working knowledge and experience of non-traded market risks within a bank, and the mechanisms used to manage and mitigate them.
Experience of market risk measurement techniques (VaR, sensitivities, economic capital).
Good working knowledge of Excel and PowerPoint.
Proven ability to explain complex issues to both a technical and non-technical audience
Management experience.
Preferred
Spanish speaker
Knowledge of Basel 2
ALM systems knowledge (e.g. QRM, Bancware)
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Senior Portfolio Management Analyst
Location: London Canary Wharf
Salary: £30,000 - £40,000 + Bonus, London Allowance, Benefits etc...
This is a highly challenging role within one of the UKs largest retail banks. The successful applicant will work as part of a dynamic team at the leading edge of Risk Portfolio Management.
The Collections & Recoveries team within Credit Risk works across a range of products (Loans; Current Accounts; Mortgages) for both individual customers and small businesses. Key responsibilities of the team are:
Managing impairment; delivering a series of value-adding initiatives to reduce credit losses
Working with colleagues in Operations teams to identify optimal application of operational resource
Working with Credit Risk teams aligned to specific SBUs (Specialist Business Units) to forecasting credit losses accurately for a range of strategic, market and economic scenarios
Reporting Collections & Recoveries strategic performance to the wider business; presenting ideas, opportunities & risks in a transparent manner
Candidate Profile
A degree or equivalent qualification in a numerical subject; or equivalent experience
Strong analytical skills the ability to digest & interpret complex concepts underpinning Risk Portfolio Management and to consider & validate model inputs & outputs
Ability to communicate and influence across a range of levels of expertise and seniority
Established technical skills (SAS, SQL, Excel) including experience of data extraction & manipulation
Experience of Credit Risk Management within Consumer Finance
Knowledge of the UK market and competitive environment
Experience of standard Risk models and measures
Please send your CV to info@aspiredata.co.uk or call us on 0845 850 4045.
Job Title: Risk Business Development Analyst
Location: London Canary Wharf
Salary: £40,000 - £50,000 + London Allowance (£3.5K), Bonus & Benefits
The main purpose of the role is to provide risk analytical support for European business development opportunities, helping the bank understand the risk profile of potential book purchases, forecast the credit risk profile and subsequent losses from potential acquisitions, and potential customer base eligible for cross sale / up sell activity based on credit criteria. - helping maximise value from any book purchases.
Key Accountabilities
Undertake data analytics on data tapes provided by potential sellers, and work with local risk teams, in order to:
Provide management information on the risk profile of the potential purchase, to include composition of the book by variables available within provided data tapes and simple comparison to existing portfolio.
Provide appropriate segmentation of book for loss forecasting and develop appropriate loss forecasting methodology. Develop a loss forecast model/s to project the monthly component parts of the loss forecast, parameterised to enable easy sensitivity analysis on key inputs and assumptions.
Forecast the percentage of potential purchase book which meets the risk appetite and percentage of book which would be eligible for top up / cross sell activity.
Support due diligence credit risk activity on any purchase, including:
Data analysis to support the evaluation of any organisational / infrastructure synergy value between existing organisational / infrastructure and that of the potential purchase.
Granular customer profiling of counterparty data to create risk segments which are likely to behave differently and have different future risk and value.
Credit risk support in the development of credit risk integration plans.
Candidate Profile
Expert knowledge and understanding of credit risk loss calculation and forecasting
Good Knowledge and understanding of all stages of the credit cycle, and of different products (credit cards, loans and mortgages).
Track record of strong analytical skills and proficient in SAS
Able to evaluate and understand business proposals to ensure that they will add value.
Able to communicate to senior management across a range of business areas to influence business direction and decision making.
Ability to see the "whole picture" and recognize the impact and opportunities of activities across the organization
Good understanding of loss forecasting model development requirements and principles.
Solid understanding of the new portfolio acquisition process and requirements.
Graduate calibre/MBA or similarly qualified to be able to meet the intellectual and technical demands of the job.
Strategy experience with demonstrable track record of delivering coherent and insightful thinking.
Please send your CV to info@aspiredata.co.uk or contact Phillip Hartley on 0845 850 4045.
Job Title: Senior Analyst Regulatory Risk
Location: London WC2
Salary: £35,000 + London allowance (£3.5k), 4% cash, bonus, healthcare etc...
Personal Current Accounts (PCA) aims to be the biggest and the best in the market by building excellent relationships with customers through providing simple and rewarding bank accounts that meet their needs.
The PCA Risk team are responsible for providing leadership and expertise in risk management and internal controls, ensuring a clearly articulated risk control framework is in place.
Part of the PCA Risk team is to support the Product teams and Group Marketing with the approval of Financial Promotions - for example Brochure ware, Press, TV, Radio and customer communications.
Key Accountabilities
Providing first line compliance approval for all PCA branded Financial Promotions to meet Regulatory requirements- for example FSA Treating Customers Fairly outcomes; Data Protection Act Compliance and the Code of Advertising Standard requirements.
Adapt to and identify changes in PCA Risk approvals systems, processes and working practices in order to achieve operational improvement.
Ensure compliance with the Banks books of instructions, procedures and guidelines together with all relevant regulatory and statutory requirements where appropriate implementing actions to protect the Banks business at all times.
Work closely with stakeholders within the PCA teams & Group Marketing to ensure SLA's are maintained, supporting in the training of new joiners into PCA and Group marketing on regulatory requirements with regard to Financial Promotions.
Ability to clearly communicate ideas and proposals to key stakeholders to improve understanding and requirements from a Regulatory perspective, developing MI to support.
Please send your CV to info@aspiredata.co.uk or contact us on0845 850 4045.
Job Title: Senior Credit Risk Manager
Location: London
Salary: £55,000 - £66,000 + Bonus, Car, London Allowance & Benefits
The main purpose of this role is to lead an analytical team responsible for the credit risk management of the Current Account and Savings portfolio.
Accountabilities
Enhance the future capabilities of the Credit Risk area through the formulation of leading edge risk management approaches.
Working with business units to support marketing led activities such as product upgrades and cross-sales.
Participate in overall team activities including planning, resource allocation, training and other important team-building functions.
Accountable for the risk and reward generated by the lending decisions and account management activities carried out within the credit risk area.
Accountable for the total portfolio impairment. The role holder must work closely with both finance and commercial teams to ensure the business direction and decisions are done with value creation focus.
Responsible for team of 3-5 analysts ensuring focus and quality of output. Provide development opportunities where appropriate and ensuring adequate development plans are in place.
Provide mentoring and direction to team members who will be employing analysis and modelling techniques and implementing policy and processes.
Candidate Profile
Completion of a degree in a numerate subject or significant relevant experience.
The ability to understand and commission complex analysis to support strategy testing.
The role holder also needs a strong commercial focus and a good understanding of the drivers of credit profitability.
A passion for adding value to the business through the production of empirically sounding policies and approaches.
The intellectual capacity to move their team forward by constantly looking for better approaches.
Passionate about data and statistical modelling, and how this contributes to the business.
Self-starter who naturally assumes ownership of initiatives
Proficiency in performing data analysis and predictive utilizing a standard statistical package such as SAS (preferred) or SPSS. A clear understanding of the methods underlying predictive modelling.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Statistical Modelling Manager x 2 Decision Science
Location: London
Salary: £45,000 - £60,000 + London Weighting (£3.5k), Car (£3.5k), Bonus etc...
Key Accountabilities
Provide technical leadership and coaching to your team of model developers, and strive to take learnings from your team to the wider Decision Science team, and beyond.
Work with the business to prepare business cases and resource plans for individual model developments. Project manage individual model development projects as well as managing the activities of teams working on such developments, to ensure that high quality models are delivered on time that meet business requirements and can be implemented.
Communicate and work with business stakeholders to build appropriate plans and manage the team to deliver against these plans.
Develop and raise awareness of best practices within all aspect of Decision Science Modelling and Analytics.
Develop and maintain a network of external contacts within the risk industry and keep abreast of all relevant regulatory and legislative changes ensuring compliance is achieved at all times.
Candidate Profile
A good degree in a numerate subject, preferably at a postgraduate level, and preferably in a relevant subject (maths, statistics, operational research, economics).
At least 4 years experience in the development of risk models in Retail Banking.
Expert knowledge of modern risk management techniques within Retail Banking, and in the use of risk models within such an environment.
Experienced and competent in the use of statistical packages e.g. SAS (including dealing with large datasets) and model development environments.
Experienced in the extraction and manipulation of data to support risk model development, including defining observation periods, outcome periods, choosing a suitable "bad" definition.
A natural ability with numbers, with the ability to work quickly and at a high level of detail and accuracy.
Please send your CV to info@aspiredata.co.uk or contact Phillip Hartley on 0845 850 4045.
Job Title: Senior Analysts Portfolio Analysis & Insight
Location: London (WC)
Salary: £30,000 - £38,000 + Bonus & Benefits
This role will support the portfolio analytics team within Personal Loans Credit Risk and is responsible for performing analytic deep dives into the portfolio to better understand performance and to identify key insights to drive significant business value.
Key Accountabilities
Identify key areas of concern within the portfolio.
Investigation into a variety of topics across the full credit cycle.
Specific targeted analytic deep dives on credit risk hot topics for senior management.
Work with stakeholders across the wider loans team to gain greater understanding of key areas of concern.
Present findings to senior stakeholders to gain buy-in.
Candidate Profile
Strong SAS, SQL, Excel
Excellent communication skill to present results in different management forums and influence direction
2 years experience in an analytical role ideally in the Credit Risk area
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
Job Title: Senior Credit Risk Model Validation Manager
Location: London (EC)
Salary: £70,000 - 80,000 + Bonus, London Allowance (£3,500), Car & Benefits
The Business Area
The role of the Capital Management team is to ensure that regulatory and economic capital is managed effectively within the Retail Division. This is achieved by ensuring that: capital is allocated effectively; capital requirements inherent in the Retail Division's plan are understood (including in stressed economic conditions); the Retail Division meets its regulatory and legal obligations for external reporting and explanation of credit risk related information; credit models and Basel Internal Rating Systems used within Retail are subject to appropriate validation, oversight and governance.
Accountabilities
Validate and regularly review Retail Division credit risk models to agreed standards.
Document Divisional model development, model monitoring, validation and stress testing standards and ensure that all projects are run in accordance with the required standards.
Manage a team of staff with expertise in model development, statistical techniques and BIPRU compliance.
Produce validation reports on all new Retail Division credit models to the agreed standards.
Complete the annual review of Retail Division rating systems within agreed timescales.
Lead the enhancement of development and monitoring methodologies used in rating systems within Retail Division, including appropriate statistical techniques.
Advise on the compliance of credit ratings models with BIPRU and Group Credit Policy.
Represent Divisional Risk on projects which involve the use or development of credit ratings systems models.
Stay abreast of regulatory and statistical developments in order to ensure ongoing compliance and best practice across Retail Division.
Develop the technical and managerial skills of team members to meet the current and future needs of the business.
Candidate Profile
Strong academic background (preferably MSc or equivalent) in a relevant quantitative discipline. 5+ years of risk modelling experience including and an understanding of Basel II requirements and the underlying conceptual framework. Results oriented and focused on delivering business impact, strong stakeholder management and presentation skills (written and verbal), and excellent project management skills.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.