Overview

Our client, a leading global consultancy, is looking to recruit a Junior Risk Analytics and Modelling Analyst within their London office.  The Analyst will work on broad range of quantitative modelling areas, including advanced Basel capital model build, IFRS 9 enhancement, model validation best practice, both for retail and wholesale portfolios, and Prudential Change strategy. The successful candidate will have an excellent quantitative academic background, combined with strong analytics, data science or statistical modelling experience.

 

We are open to individuals with a variety of professional backgrounds. You would have a clearly defined and well-supported development path within the firm, and you will be encouraged and challenged to develop a range of new technical skills.

 

Role Responsibilities

  • Improving and developing credit measurement capabilities, focusing on IFRS9, IRB and stress testing approaches across the full range of credit asset classes
  • Providing credit measurement modelling and analytics services
  • Designing and improving wider credit measurement ecosystems
  • Supporting the external audit of IFRS9 and assurance of RWA through challenge of methodological approaches and quality of implementation to identify material weaknesses
  • Supporting other credit measurement-related projects such as acquisition due diligence, stress testing and Asset Quality Reviews

 

Your professional experience

Essential:

  • Strong academic background in either Statistics, Mathematics, Natural Sciences, Computer Science or other relevant quantitative disciplines
  • Good experience using SAS, SQL, MS Excel (including VBA), Python or R
  • Understanding of the financial services industry and the credit fundamentals of different asset classes
  • Ability to communicate complex concepts to non-expert audiences
  • Ability to think creatively, generate innovative ideas, challenge the status quo and deliver effectively

 

Desirable

  • Knowledge of current economic and market trends
  • Experience interacting with regulators and/or auditors
  • Commercial understanding of the use and business consequences of IFRS9 and capital rating system outputs
  • Understanding of wider rating systems concepts including data, systems, controls, use test etc.
  • Credit modelling skills and experience in the development, delivery and/or validation of credit risk models under one or more of the IFRS9, IRB and forecasting/stress testing regimes
  • Understanding of the changing regulatory environment as it relates to credit measurement
  • Experience with data visualisation