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: financial services
Salary: £85000 - £95000 per annum
REF: BBBH19552_1536600026
Contact Name: George Marks
Job Published: 9 days ago

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.


  • 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