Credit Risk Analytics and Modelling (Assistant Manager)
London / £40000 - £53000
£40000 - £53000
Credit Risk Analytics and Modelling (Assistant Manager)
Up to £53,000
Hybrid - London
A great opportunity for an individual with experience in IFRS9 modelling and credit risk to join one of the world's biggest consultancies.
This role sits with the Audit and Assurance service line of one of the world's biggest consultancies - as part of their Credit Risk Analytics and Modelling team. This team is a specialist credit risk team responsible for supporting the audit service line with model validation and model development across the business's clients.
And joining as a Assistant Manager in this team, you will be responsible for directly working with the clients to improve their credit measurement capabilities and help them to prevent risk within their business. You will get to be hands-on working on the client's models but also work directly with the stakeholders managing their requirements.
THE ROLE AND RESPONSIBILITIES
- Helping clients to improve and develop credit measurement capabilities focusing on IFRS9, IRB and stress testing approaches
- Providing credit measurement and modelling analytics services to clients
- Supporting clients with the build, improvement and review of new and existing models
- Help clients with designing and improving their wider credit measurement capabilities
- Supporting the businesses external audit of IFRS9 and assurance of RWA
- Contributing to the team's strategy and identifying new opportunities for the business to help it's clients
YOUR SKILLS AND EXPERIENCE
- Experience in Credit Risk Modelling - IFRS9 preferred
- Experience in model development, model validation or audit
- Expertise in SAS or Python
- Up to £53,000 + benefits and bonus
- London (other UK locations available)
HOW TO APPLY
If interested in the role please send your CV to Jordan Victor via the Apply Link below
How To Get Started In Risk Analytics | Harnham Recruitment post
Risk Analytics has been an integral part of teams across several industries for years. After the 2008 financial crash, whereby $8 trillion was wiped from the stock market’s value in the space of two days in the US alone, the need for businesses to be savvier and more ‘switched on’ to the potential downturns and crises the economy may face was imperative. The kind of devastation the financial crash caused in a matter of days had knock-on effects to businesses of all shapes and sizes for years afterwards, and nobody could risk the same level of destruction again. For a long time prior to this key event, it wouldn’t be an exaggeration to suggest that a lot of business owners and C-Suite executives depended on gut instinct to make critical business decisions. But, as we began to enter not only a more economically turbulent time but also an era that became dominated by technology, the need for hard evidence to support ‘intuition’ was crucial.With endless reams of data now at our fingertips, which has only evolved in reliability and accessibility over the decades, companies’ ability to manage risk-related issues through state-of-the-art technologies and tools is changing. And because of the capabilities of said technologies, companies are now able to look further than just financial risk; competitor risk, supply chain risk, technical risk, these are all everyday examples of where Risk Analytics come into play. It’s clear Risk Analytics is a crucial part of businesses today, and its importance will continue to take centre stage as we move into an even more technological and data-driven era, but where do you begin if you’re considering becoming a Risk Analyst?Are you the right fit for the job?You need to be sure that risk analysis is truly for you. As with any job, skills are something that can built upon, but a good attitude, willingness to learn and some core characteristics will set you up in good stead too. Risk Analysis suits individuals with a keen eye for detail and are unafraid of spending time going through data with a fine-tooth comb to unearth any anomalies that could present themselves as serious risks later down the line. A love of and proficiency with numbers will also be a brilliant asset to bring to the role, along with an interest in data analysis. While most of the job will most certainly be dealing with the hard facts and figures, you’ll also need to be someone who is comfortable with communicating in an open and jargon-free manner. Ultimately, you’ll be responsible in not only identifying potential risks, but feeding the information back to members of the team who have no prior knowledge of data and analytics, as well as giving them viable solutions to avoid or reduce any risk where possible. That sounds like me, what’s next?Great! So, if you think you’ll be a perfect fit, the next step is to think about which route you want to take to get your foot in the door. As per a lot of Data & Analytics roles in this day and age, a university degree isn’t necessary, but it is still favoured amongst many employers. Nevertheless, just because you don’t have a degree doesn’t mean you won’t be considered, so keep your options open. Diplomas or online study courses are two other brilliant avenues to take as well. Of course, if you’re a total whizz, you may have a lot of skills and knowledge on a self-taught basis which is fantastic. Before applying for a job in Risk Analysis however, make sure you have some extra-curricular learning under your belt to showcase your initiative and drive to learn. Do I need to have experience?Much like university, while not a mandatory requirement for all Risk Analysis jobs, having work experience within your portfolio will put you a significant step ahead to your peers who may not have had that hands-on learning. Do I need to know how to code?Analysts who code will always be in demand, and the sharper and more on top of those skills you are, the better. Different employers will work with different languages, but the most common are Python, SAS, C++ and Java. Ensure you’re always learning too. Code is an element of all Data & Analytics roles that is always evolving, and employees who fall behind in their knowledge will very quickly see a drop in their ability and productivity. What can I expect from a role in Risk Analytics?Each day in this role will be completely different. The challenges you may come up against will change rapidly, especially if you are based in a fast-moving sector such as Finance or Banking. You’ll need to be prepared to work under pressure and showcase impeccable problem-solving skills. At entry-level, you can expect to be taking home a salary of around £20,000, or just over $60,000 in the US. For those who show eagerness to learn, initiative and determination to always better their understanding of risk analysis, progression opportunities are vast here too. With the right attitude and mindset, reaching the top of the career ladder can see employees earning in the remit of £75,000+ / $191,000+. Risk Analytics is an incredibly exciting role, and the demand for highly skilled analysts will undoubtedly continue rising, especially as we recover from the pandemic and companies look to implement firmer, more grounded, risk-management procedures in place.If you would like to learn more about Risk Analytics, take a look at our risk analytics jobs or get in touch with one of our expert consultants to find out more.
Risk Analytics Landscape: 2022 | Harnham Recruitment post
2022 is set to be an interesting year for Risk Analytics. According to research, the risk analytics market is expected to be worth around $54.95bn by 2027 and is experiencing a huge degree of interest due to a combination of different factors coming together at once. The growth of business procedures and increasing deliverables are driving demand for techniques such as risk measurement, whilst rising incidents of cyberattacks combined with rising digitization are further catalysing the Risk Analytics market. Not to mention the impact that different macroeconomic elements are having, such as coming out of the pandemic, remnants of Brexit and rising inflation rates. Within the risk space, all of these variables are feeding into the way that both candidates and clients are making their decisions. Industry developments have a direct impact on the recruitment market, with trends being reflected in the needs and desires of both employees and employers. With risk coming to the forefront for many businesses, it isn’t surprising to see a surge in the demand for talent. Risk under the spotlightNumerous developments across the financial sector have made the skills that risk analysts have increasingly invaluable. The pandemic forced many companies to digitize and move to remote and cloud-based working systems, making security a company-wide concern. This has driven demand for the right talent to fill risk roles but also a greater willingness to dedicate more of their budget into investing in their risk functions and/or departments.The fraud risk spaceThe increase of remote working combined with a general trend of digitization has brought with it concerns around fraud. Headlines highlighting a ‘fraud epidemic’ have been circling with reports of fraud and cybercrime in the UK rising from 3,983 cases to 8,614 in a year. Digitization offers opportunities for company growth but if not securely managed, can serve up opportunities for criminals to exploit. Fraudsters are becoming increasingly inventive, and steps must constantly be taken to stay one step ahead. The skills that risk analysts have are essential in understanding the drivers to fraud within a business and ultimately how to prevent it.The rise of unregulated products and technologiesInnovation within the financial industry is also flourishing. The emergence of AI and adoption of more advanced technologies to better inform decision making, as well as the introduction of machine learning and data science into risk analytics, makes it an exciting time to be in the risk analyst field.New unregulated products and technologies have also flooded the market, such as crypoassets, decentralized finance and non-fungible tokens (NFTs). About 2.3 million people in the UK are now thought to own a crypto asset, creating a playground for fraudsters looking to misuse unregulated tech. Data reveals a staggering £146,222,332 has been lost to cryptocurrency fraud since the start of this year, and unless regulators are able to catch up with the ever-evolving nature of crypto, this will rise. As a result, there is expected to be a lot of regulatory changes this year to increase protections against consumer risk but also within financial institutions. This tends to stimulate demand within sectors such as risk analytics as well as causing shifts of focus within departments.Risk analyst salariesSalaries within the sector are currently being pushed upwards, largely due simply to supply and demand. Throughout the pandemic, most companies didn’t hire Risk Analysts, if anything, they let go of them. Recently, there has since been a spring coil reaction of demand for Risk Analysts and Risk Managers, to an extent not seen for years. To add to this there is a lack of talent, and candidates are increasingly asking for more because they know of the trend.Although it’s impossible to know for how long this might be the case, the recent mass movement of candidates since COVID-19, means that by the end of the year some candidates may have been at their new job for over a year and may be looking to move again. Supply could begin to creep up and start meeting demand, but only time will tell. This imbalance between supply and demand means that candidates are finding themselves in the unique position of being able to choose between job offers, and can therefore afford to fine-tune and find better suiting roles. It’s well known that it’s a candidate market, but it’s a really good time to explore roles out there and consider your current position.Ultimately if job searchers are looking at their current situation and thinking about whether there’s something better out there, there is not a better or more exciting time to be looking for a role in Risk Analysis.If you’re looking for your next opportunity or to build out your Credit Risk or Fraud Analytics team, Harnham can help. Take a look at our latest Risk Analytics jobs or get in touch with one of our expert consultants to find out more.
How Should We Be Using Risk Analytics In Healthcare? | Harnham Recruitment post
When thinking of Risk Analytics, one usually goes straight to the world of Finance, but the outbreak of Covid-19 has highlighted the vital role big data plays in predictive and preventative Healthcare.Last month, the Covid-19 Population Risk Assessment team was awarded the Florence Nightingale Award for Excellence in Healthcare Data Analytics 2021 for QCovid, a predictive Risk Analytics-based model which combines characteristics such as age, ethnicity, gender and deprivation to estimate an individual’s risk of being infected by Covid-19, being hospitalised or dying from the virus. While the Coronavirus pandemic has highlighted the critical role that data and analytics play in protecting and improving the health of everybody in our society, Risk Analytics are used in a far wider-reaching way in Healthcare. How are predictive analytics applied in this industry and what does the use of Risk Analytics within Healthcare look like post-pandemic? Risk Analytics in Healthcare Even before the pandemic, data and artificial intelligence were becoming common instruments to create models to make future predictions and reduce risk in the delivery of care, based on real-time and historical data. Indeed, data-based risk assessments allow Healthcare professionals to support better patient care, make stronger informed decisions in terms of management, supply chains and resource allocation (including equipment maintenance) as well as lower the total cost of risk – financially, operationally and reputationally. In the face of uncertainty during the pandemic, for example, contact tracing based on patient data, infection testing, and location proved an effective way to mitigate the Covid-19 spread and its impact on the Healthcare sector.Bed shortages in certain wards were prevented with capacity tracking, medicine and pharmaceuticals requirements were predicted and redirected to avoid medicine shortages, and staff were more effectively deployed to allow optimal patient-to-staff ratios, Deloitte said. Envisioning Healthcare post-pandemic Investment in effective Healthcare Risk Analytics programmes is crucial and Healthcare executives have recognised the benefits. According to a 2019 survey, 60 per cent of those polled said their organisation had adopted predictive analytics. 42 per cent of those said they had seen improved patient satisfaction, and 39 per cent said they had saved costs. And this trend is set to continue. Against the context of shortages and funding strains, Healthcare facilities are poised to invest in Risk Analytics technology to reduce stress on their existing networks, systems and finances and improve work agility as we recover from the pandemic and prepare for potential similar situations in the future. According to a 2020 survey, 90 per cent of healthcare experts said they saw high potential for artificial intelligence and big data to support clinical trials, whilst 63 per cent of those surveyed said they expected analytics to enable innovation in operations and finance in the next decade.If you’re looking to build out your Risk team, or searching for your next role, we can help. Take a look at our latest Risk Analytics jobs or get in touch with one of our expert consultants to find out more.
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