Senior Impairment Model Manager
Senior Impairment Model Manager
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Job Description
Reporting to the Head of Financial Control the Senior Manager will provide strategic leadership of a team of manages and analysts to deliver the technical design of industry-leading IFRS 9 models:
Support the Head of function in designing and delivering an enhanced framework for IFRS 9 assessment managing internal and external specialist / technical resources to ensure the successful delivery of fit for purpose models and processes.
Significant influence based on technical expertise on model design and management ensuring compliance to regulation internal model management standards.
Provide excellent stakeholder management in and outside VBG with a need to regularly liaise with Executive and senior management within VBG.
Success in role will lead to accuracy and efficiently in the manner within which VBG assesses impairment and as such could have a material impact outside the function
The role requires extensive use of data interrogation techniques statistical analysis insightful conclusion and influential communication.
Responsibilities:
Lead the IFRS 9 impairment model team in designing developing maintaining and monitoring industry standard impairment models applying advanced modelling approaches to deliver best practise results.
Maintain model management processes in line with Group model governance policy
Monitor and interpret impairment models performance providing assurance the outcomes are reliable and in compliance with prevailing regulations.
Present impairment models to senior model stakeholders and governance
Through team perform ad hoc analyses and provide evidence-supported recommendation to model stakeholders.
Lead and deliver in a fast-paced environment with a focus on efficiency and best in class results.
Key point of contact for external auditors in relation to IFRS 9 models
Experience required:
Expert in IFRS 9 model development methodologies used for secured and unsecured credit products.
Experience of working for a banking organisation
Detailed understanding of effective model management principles.
Strong understanding of modelling methodologies advanced approaches preferred but not essential.
Demonstrable knowledge of stress testing modelling environments.
Significant experience in modelling including demonstratable technical knowledge of IFRS 9 model design development and management.
Excellent communication (written and verbal) influencing and negotiation skills being able to clearly communicate model methodologies to technical and non-technical senior and Executive stakeholders within the Bank and externally to the regulator and external audit
Track record of successfully designing & implementing credit models (IFRS 9 PD / LGD and stress testing)
Experience of managing stakeholder relationships
Knowledge of model risk governance framework Model Risk Management principles etc.
Experience in an FCA regulated consumer lending environment (Experience of a dual-regulated FCA / PRA environment desirable but not essential).
Advanced range of statistical modelling and programming techniques
Strong understanding of statistical model validation and performance testing
Hands on coding language experience in any language R/SAS/Python/Matlab/Stata/VBA; Expert in Excel
The Company
At Vanquis weve been empowering lives since 1880. As a FTSE All Share company and leading specialist bank we lend responsibly to over 1.69 million UK customers.
Were just as committed to our colleagues as we are to our customers offering competitive salaries comprehensive benefits and recognition schemes. With pension plans our Buy as You Earn scheme and ongoing training opportunities we create a supportive environment where you can grow and thrive.
Bring your authentic self find your voice and build your career with usbecause at Vanquis we believe in making the most of lifes opportunities.
The Benefits
Competitive base salary and rewards
Private Medical Insurance
25 days holiday entitlement
one day accrued for each year of service (max 30 days)
Defined contribution pension scheme
Discretionary bonus scheme
Perks at Work
A perks platform of over 30000 unique discounts
Volunteering
2 paid days to support a charity of your choice
Flexible hybrid & dynamic working policies
Personal & career development opportunities
Monthly and Quarterly Colleague Socials
Discounted gym membership
BUPA GP Service
Workplace Gallery
Documents
Required Experience:
Manager
Employment Type
Unclear
