Risk Management Specialist

15 hours ago


Milton Keynes, Milton Keynes, United Kingdom Adway Associates Full time
Job Title: Risk Manager

At Adway Associates, we are seeking a highly skilled Risk Manager to join our team. The successful candidate will be responsible for overseeing the maintenance and execution of our credit impairment models, as well as ensuring the accuracy and reliability of our DoD (Definition of Default) engines.

Key Responsibilities:
  • Oversee the execution of our credit impairment models to produce accurate and reliable DoD model output.
  • Ensure that our process documentation is up-to-date and reflects any changes to our models.
  • Review and challenge our next-generation credit risk provisioning models to ensure they meet our high standards.
  • Ensure that our models and model outputs are subject to appropriate governance and risk management practices.
  • Identify and mitigate weaknesses in our methodology and processes to reduce or remove risk.
  • Prepare and present results to governance forums and committees.
Requirements:
  • Intermediate corporate portfolio experience.
  • Intermediate knowledge or experience with NDOD (New Definition of Default) concepts such as probation periods, forbearance, and UTPs.
  • Intermediate modeling experience related to NDOD or IFRS9 modeling.
  • Ability to communicate effectively with senior stakeholders.
Desirable Skills:
  • In-depth knowledge of IFRS9 provisioning methodologies, default guidelines, and risk governance processes.
  • Good knowledge of Power BI.
  • Ability to develop and explain complex credit risks and mitigation strategies to senior management.


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