Risk Analytics Specialist

2 weeks ago

London, Greater London, United Kingdom OSB Group Full time

About the Role

We are seeking a highly skilled Risk Analytics Specialist to join our Models and Ratings team in London. In this key role, you will be responsible for designing, building and maintaining bank models, ensuring compliance with regulatory standards.

Company Overview

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market. Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms.

Salary and Benefits

The base salary for this role is £45,000 per annum, dependent on experience, plus a competitive benefits package including:

  • Discretionary annual bonus opportunity of up to 15%
  • 28 days annual leave plus bank holidays
  • Contributory pension (8% employer 5% employee)
  • Life Assurance (4x salary) plus Group Income Protection
  • Access to Private Medical Insurance and Medical Cash Plan
  • Maternity & Adoption Leave – Occupational Maternity/Adoption Pay provided at 100% of salary for the first 13 weeks and at 50% of salary for the next 13 week period.
  • Paternity Leave – 4 weeks of paid leave to be taken within 8 weeks of childbirth
  • Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

Job Description

In this role, you will provide analytics, model development and reporting duties for the Models and Ratings team. Specifically, you will support the development and maintenance of regulatory compliant rating systems used for the Internal-Ratings Based ('IRB') approach, compliance with the International Financial Reporting Standard 9 Financial Instrument ('IFRS9') rules and other models used by the business across the customer life-cycle.

You will be accountable directly to a Model Manager in Models and Ratings for the design, build and maintenance of bank models, which includes all customer life cycle models in addition to Basel and PRA compliant IRB models and audit approved IFRS 9 models;

  • Support the implementation of such models across the organisation and provide expert assistance to ensure practical use, application and documentation and proof of the same;
  • Be accountable to a Model Manager to support the organisation obtaining and maintaining its IRB status and maintain IFRS9 compliance; that the models and rating system are fit for purpose; and can be relied upon to accurately assess capital and IFRS9 reporting requirements for credit risk and impairment modelling;
  • Support Risk in providing an informed view of the credit profile of the bank, potential impairments and support the stress testing of the same, particularly as it relates to potential losses and capital consumption assessment and planning;
  • Undertake analysis to support the assurance that the requirements for an IRB firm and IFRS 9 are being met and that the models and rating systems in place are performing in accordance with expected standards and outputs;
  • Undertake analysis, model development and monitoring for IRB, IFRS9 and other Bank models. Ensuring the models differentiate properly by asset class as they relate to the initial assessment, decision-making, application processes, behavioural monitoring processes and loss given default ('LGD') outputs to deliver a suite of models which are capable of delivering accurate Expected Loss ('EL') for the portfolio and cohorts;

Required Skills and Qualifications

We are looking for talented individuals who have the following skills and qualifications:

  • Advanced mathematical, modelling and quantitative analysis skills are essential
  • Advanced use and application of data modelling and data analysis software: specifically SAS, WPS or similar are essential
  • Excellent IT skills: of Microsoft Word/Excel/PowerPoint/Visual Basic are essential
  • Excellent verbal and written communication skills are essential
  • Previous experience of working first hand in a Risk environment is desirable
  • Previous experience of working closely with management functions, experience in producing reporting/analytical output and presenting material effectively is essential
  • Previous experience of model building or validation, quantitative analysis and data manipulation is essential
  • Experience working effectively with Internal and External Audit is desirable
  • Experience working in an IRB or IFRS 9 project environment is desirable

Diversity and Inclusion

We believe that diversity and inclusion are vital to our success and we aim to create an environment where everyone feels valued, respected and able to contribute their best work. We welcome applications from candidates of all backgrounds and perspectives.

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