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.
- 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