Credit Risk Modelling Lead

3 weeks ago


Manchester, United Kingdom Natwest Full time
Position Overview

Join Natwest as a Credit Risk Modelling Lead. In this pivotal position, you will oversee a team of expert analysts dedicated to the creation and upkeep of credit risk models utilized within the bank's risk management frameworks.

Key Responsibilities
  • Lead a specialized team in the development and maintenance of robust credit risk models.
  • Ensure adherence to a well-defined framework for model development and maintenance, effectively mitigating model risk.
  • Provide guidance and support to business stakeholders regarding model usage, impact, and implementation.
  • Facilitate the development and maintenance of compliant models for IRB, IFRS 9, stress testing, and decision support.
  • Engage with regulatory bodies and internal governance concerning risk models and frameworks.
  • Deliver analytical insights and performance metrics related to models, while enhancing approaches for improved business outcomes.
  • Manage model proposals through various review and implementation phases, ensuring a controlled and efficient process.
  • Foster team development through coaching on methodologies, best practices, and preparation of senior management materials.
Qualifications

To excel in this role, you should possess:

  • Extensive experience in a modelling or quantitative role, preferably within retail or wholesale banking.
  • A degree in a quantitative discipline, with a strong background in data analysis and statistical modelling.
  • Proven experience in developing and applying credit risk models, including monitoring and scoring, with a focus on IRB modelling.
  • Strong programming skills in Python and PySpark; familiarity with AWS is advantageous.
  • Experience working with large datasets and a comprehensive understanding of risk systems and methodologies.
  • Excellent project management capabilities and a collaborative mindset.

We look forward to your application and the potential to contribute to our team at Natwest.



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