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Credit Risk Expert - (Flexible)
€90,000 - €100,000
Make an impact today! Join an innovative company that strives to use data in ways that others can't!
This company is looking for an experience Credit Risk professional to empower consumers and their clients to manipulate data with ease. You will be working in a very autonomous role that will allow you to tackle Regulatory frameworks for credit risk across Europe.
As a Credit Risk Expert, you will be providing regulatory projects across Europe and take charge of innovative project.
· You will be working on various Credit Risk project as a consultant across different industries using IRB modelling, IFRS9, Stress Test.
· You will be advising and implementing Credit Risk Models (PD, LGD, EAD models)
· You will need to be aware of the regulatory requirements for credit risk across Europe (EBA, ECB)
· You will have to manage to relationships between internal and external stakeholders.
· You will be providing training on Credit Risk best practices (IRB Modelling)
· You will need to communicate the outcomes of your findings and proposals to team leaders and other key stakeholders regarding the Credit Risk situations to grow the analytical sales pipeline.
· You will also have the chance to mentor Junior Credit risk analytical consultants.
YOUR SKILLS AND EXPERIENCE:
· Relevant education on MSc or PhD (statistics, mathematics, economics or similar).
· Proven Credit Risk Strategy experience in different industries.
· Experience in regulatory consultancy projects, credit risk portfolio analysis, credit scoring or credit risk underwriting.
· Suitable knowledge in the Basel Accord and IFRS9.
· Strong experience in data manipulation and knowledge of statistical packages (SAS, SQL, R, Python).
· Confidence communicating effectively and concisely to a variety of departments and senior members of the team.
· €90,000 - €100,000 Competitive Salary.
· A good pension scheme.
· Bonus Scheme.
· Remote of the moment
· Flexible working
· Travel/ Training opportunities.
How to Apply:
Please register your interest by sending you CV to Luc Simpson-Kent via the Apply link on this page.
£55000 - £60000 per annum
Financial Services institution is expanding their London based team and are searching for a credit risk analyst that can develop credit risk models.
£70000 - £75000 per annum
A company based in London is looking for a senior manager to join their credit and collections team
1000000kr - 1200000kr per annum + competitive benefits package
An exciting opportunity covering the full map of Scandinavia. Full Credit life-cycle ownership!
£20000 - £30000 per annum + Competitive Benefits
North West England
A Credit Risk Analyst role for a junior candidate with experience using SAs in the retail lending or credit risk space
With over 10 years experience working solely in the Data & Analytics sector our consultants are able to offer detailed insights into the industry.
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01. April 2020
The financial crisis of 2007-2008 changed banking. The world moved from taking mortgage loans in our dogs’ names to introducing strict regulations for banks prohibiting them from giving out loans to “anyone” without assessing Risk properly. In 2010 the Basel Committee on Banking Supervision (BCBS) introduced BASEL III, a regulatory framework that builds on BASEL I, and BASEL II. This framework changed how banks and financial institutions asses risk. It introduced an Advanced Internal Rate Based Approach (Commonly known as the AIRB approach). Now, the committee has introduced new changes and, by 2022, all banks and institutions will have to implement the revised IRB Framework, as well as new revised regulations for the standardised approach, CVA Framework and new frameworks for Operational Risk and Market Risk. So, what does this mean for those working Risk? Change Is Coming Change is inevitable, no matter what you do. If you work in Risk Management and Compliance, change is something you can expect to happen, often. As mentioned above, by 2022 there will be lots of changes. The Basel Committee calls this initiative the “finalised reforms”, or BASEL IV which builds on the current regulatory framework BASEL III. Quickly summarised, the changes limit the reduction in capital that effect banks IRB models. This change is predicted to impact banks in Sweden and Denmark the most, with estimations that capital ratio will fall by 2.5-3%, far higher than the 0.9% expected for the average European bank. So what does all this mean for Swedish and Danish banks? What’s Happening Now? One of the main things that Swedish and Danish banks need to revise for these new regulations, are their internal models. The new regulations introduced a new definition of Probability of Default, measured through a model commonly known as a PD model. Effectively this means that every bank must “re-develop” their internal PD Models in the IRB approach. Consequently, we are already seeing a clear response from the banks in their strategies moving forward. It has already become quite apparent that many banks are looking to make IRB model development their focus for 2019-2020 and 2021. This has resulted in a boom in the hiring space for developers with experience in IRB Modelling and Credit Risk Modelling in general, which in turn has led to high demand in the face of the low supply of these types of candidates. Understandably aware of this, modellers are now looking to negotiate higher salaries. What You Can Do For candidates that hold the right experience, there are good opportunities at hand. If so inclined, they can utilise this chance to finally see if the grass actually is greener on the other side, or not. However, there are a couple of things worth considering before making a move. Firstly, are you actually keen on switching jobs? Your skills are probably equally in demand at your current employer and, if you are having doubts about moving from the get-go, you may well be able to negotiate a rise without pursuing a new opportunity. However, if you are serious about finding something new, this is a great time to do so. The majority of banks have found that these new regulations are creating an unsustainable workload, and are now looking for talent externally to expand their teams. This means that the experienced modeller can pretty much have their pick of the litter. Furthermore, if you are a junior modeller, there are now plenty of opportunities for you to enter a niche area known for being exciting and innovative. So, wherever you are in your career, these regulatory changes are likely to have a large impact and open up new avenues for you to explore. We all know that regulations in banking and finance are now essential, we all agree, even if they can be a little frustrating. However, what people often fail to think of are the opportunities new regulatory requirements create. In the case of BASEL IV, we’re already seeing an increase in demand for strong talent, and a demand for people who are passionate about Risk Management and model development. For businesses, new regulations also provide the chance to not only improve their teams, but to create new models that can be utilised to optimise and automate. A lot of financial institutions are already aware of this and are using these models to gain competitive advantage over their competitors, as well as to stay one hundred percent compliant. If you’re looking to build out you Risk Management team or take on a new Risk opportunity for yourself, we may be able to help. Take a look at our latest opportunities or get in touch with one of our expert consultants to find out more.
08. August 2019