Risk Analytics Model Development
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Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Since our launch in 2015 weve backed entrepreneurs with over 13bn in funding helping create 56000 jobs and 34000 new homes across the UK and US and were not about to stop there. Were dedicated to helping trailblazing businesses thrive and our strong analytics capabilities help us build trust and secure our digital assets and customer data.
This is a fantastic opportunity to join a fast-paced growing bank with a reputation for doing things differently. We dont want another cog in the machine were looking for self-starters and bold thinkers who want to pave their own career.
In a nutshell this exciting and high-performing role in the risk analytics team you will be responsible for statistical model validation and regular monitoring for the credit risk models PD/LGD/EAD and ICAAP models. You will also be involved in provisioning and stress testing exercise for the bank.
Are you ready to step up to the challenge
Responsibilities
- Ability to independently develop and lead the entire model validation framework at Oaknorth bank
- Validating and documenting internal credit risk models of ON PD/LGD/EAD/IFRS9 one time and quarterly validation both qualitative and quantitative
- Validating vendor models of the bank if any
- Building model validation governance framework as per regulatory requirements
- Working closely with model development team to understand model build and other business reporting
- Reporting the findings and suggesting quantitative and qualitative techniques for model enhancement
- Working with Risk and compliance team within the bank for model validation working closely with external auditors and third parties to get the validation done
- Liaising with multiple teams and various business units across the firm for different risk management and stress testing initiatives.
- Coding in SAS/R/Python to enhance the current models and automating the processes.
- Analyzing explaining and documenting the models and their results.
- Assisting in research modelling and development for refinement of the current credit risk framework
- Communicating with stakeholders internal audit model validation regulatory agencies and responding to their requests on a timely and accurate basis.
Required Experience:
- 2 -5 years of relevant experience at a financial institution or a consulting firm preferably on a Quant/Data Science role in a data-rich environment
- Preferably Masters degree in a quantitative field such as Statistics Mathematics Operations Research Economics or Finance or equivalent
- Experienced in developing/validating credit risk - PD/LGD/EAD/Stress testing models
- Experienced in provisioning as per IFRS9 implementation for banks
- Proficiency in programming and Advanced Statistical Techniques R/SAS/Python/Advanced excel
- Analytical thinking quantitative abilities and problem-solving skills
- Understanding of risk management concepts like Stress-Testing regulatory frameworks for Risk Management
- Attention to detail and ability to prioritize projects and workload
- Self-motivated team player who brings a can-do approach
- Ability to work well under pressure in a fast-paced team-oriented environment
- Strong communication skills; ability to present complex and technical issues clearly both verbally and in writing
- FRM/CFA certification or equivalent is a plus
About Us Were OakNorth Bank and we embolden entrepreneurs to realise their ambitions understand their markets and apply data intelligence to everyday decisions to scale successfully at pace. Banking should be barrier-free. Its a belief at our very core inspired by our entrepreneurial spirit driven by the unmet financial needs of millions and delivered by our data-driven tools. And for those who love helping businesses thrive Our savings accounts help diversify the high street and create new jobs all while earning savers some of the highest interest on the market. But we go beyond finance to empower our people encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed. Our story OakNorth Bank was built on the foundations of frustrations with old-school 2005 when our founders tried to get capital for their data analytics company the computer said no. Unfortunately all major banks in the UK were using the same computer and it was broken. Why was it so difficult for a profitable business with impressive cashflow retained clients and clear commercial success to get a loan The industry was backward-looking and too focused on historic financials rather than future potential. So what if there was a bank founded by entrepreneurs for entrepreneurs One that offered a dramatically better borrowing experience for businesses No more what ifs OakNorth Bank exists. For more information regarding our Privacy Policy and practices please visit: Us
Were OakNorth Bank and we embolden entrepreneurs to realise their ambitions understand their markets and apply data intelligence to everyday decisions to scale successfully at pace.
Banking should be barrier-free. Its a belief at our very core inspired by our entrepreneurial spirit driven by the unmet financial needs of millions and delivered by our data-driven tools.
And for those who love helping businesses thrive Our savings accounts help diversify the high street and create new jobs all while earning savers some of the highest interest on the market.
But we go beyond finance to empower our people encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.
Our story
OakNorth Bank was built on the foundations of frustrations with old-school 2005 when our founders tried to get capital for their data analytics company the computer said no. Unfortunately all major banks in the UK were using the same computer and it was broken.
Why was it so difficult for a profitable business with impressive cashflow retained clients and clear commercial success to get a loan
The industry was backward-looking and too focused on historic financials rather than future potential.
So what if there was a bank founded by entrepreneurs for entrepreneurs One that offered a dramatically better borrowing experience for businesses
No more what ifs OakNorth Bank exists.
For more information regarding our Privacy Policy and practices please visit: may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Key Skills
- Python
- C/C++
- Fortran
- R
- Data Mining
- Matlab
- Data Modeling
- Laboratory Techniques
- MongoDB
- SAS
- Systems Analysis
- Dancing
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
