Senior Credit Risk Modeller

 

Description:

The West Brom is seeking a Senior Credit Risk Modeller to join their team on a permanent basis. This key role will involve leading the development and monitoring of models to measure and manage residential credit risk, impairment, and product pricing. You will manage and mentor two junior modellers, ensuring their development within the team.

The position is based in the West Bromwich head office with hybrid working options.


Key Responsibilities:

  • Lead the development of models and tools supporting the Society’s corporate objectives.
  • Design, develop, maintain, and validate IFRS 9 Models (PD, LGD, & EAD) and scorecards.
  • Monitor model performance to ensure they meet tolerance levels and escalate any issues.
  • Provide analytical insights to support decision-making across the Society.
  • Support staff in the use of models and tools developed by the team.
  • Ensure models comply with industry best practices and regulatory requirements.
  • Prepare clear papers and reports for the Risk Governance Committee and Senior Management.
  • Identify and manage risks within your responsibility area.

Key Skills and Experience:

  • Highly numerate and analytical with a degree in Mathematics or a statistics-related field.
  • Experience building regulatory models.
  • Exposure to statistical and data mining tools (e.g., SAS, Python, R).
  • Strong attention to detail and ability to produce accurate analyses.
  • Understanding of SS1/23 Model Risk Management requirements.
  • Well-organized with the ability to prioritize workload under tight deadlines.

What's in it for you:

  • Generous annual leave starting at 175 hours (25 days) + 8 bank holidays (pro-rata).
  • Pension scheme with up to 10.6% employer contribution.
  • Performance-related pay scheme and corporate health plan (optional family coverage).
  • Discounted travel cards and life assurance at 4x salary.
  • Flexible and hybrid working options.

Organization The West Brom
Industry Accounting / Finance / Audit Jobs
Occupational Category Senior Credit Risk Modeller
Job Location West Bromwich,UK
Shift Type Morning
Job Type Full Time
Gender No Preference
Career Level Intermediate
Experience 2 Years
Posted at 2025-01-16 3:38 pm
Expires on 2025-03-02