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Wholesale Credit Model Owner VP - Investment Bank - London

Job Title: Wholesale Credit Model Owner VP - Investment Bank - London
Contract Type: Permanent
Location: London, England
Industry:
Salary: £85000.00 - £95000.00 per annum
Reference: BBBH19552_1536600026
Contact Name: George Marks
Contact Email: george.marks@twentyrecruitment.com
Job Published: September 10, 2018 18:20

Job Description

Twenty Financial Services are currently recruiting for a VP Wholesale Credit Model Owner for a Tier 1 Bank based in London.

The main responsibility will be to take ownership of a portfolio of Wholesale Credit Risk PD, EAD and LGD models including oversight of development, validation, review, monitoring and regulatory assessments.

Responsibilities:

  • Work alongside key senior stakeholders across Quantitative and Model Risk teams on current models and new models under development.
  • Review and approve development documentation to be sent to independent validation
  • Check model performance
  • Ensure all documentation is in line with capital regulations and keep abreast of any future changes, identifying required regulatory approvals.
  • Contribute to key projects including Brexit and a major model update initiative.

Skills required:

  • Strong knowledge of Wholesale Credit Models (PD, EAD and LGD)
  • In-depth understanding of capital regulations such as CRR/CRD IV and desirable to have knowledge of AIRB.
  • Background in model monitoring/validation/development/governance etc
  • Excellent stakeholder management skills