Head of Credit ModelsAbout
PSD Group PLC - Scotland
About the Client:
This is a leading international banking and financial services organisation with a number of established brands.
About the Role:
Ensure the existence of appropriate Retail Credit Models and Scorecards and Non Retail Credit Models
Ensure all models are appropriately understood and correctly utilised within the organization
To inform upon Risk Appetite, Collective Provisioning, Economic Capital as well as being key inputs to the IRB RWA Regulatory Capital calculations
To provide SME Basel Support for Credit Models
Ensure the build, development, maintenance, use and analysis of models allows for Bank to achieve Basel IRB accreditation requirements
Credit Models IRB milestone settings and monitoring
Line management of the personnel responsible for Credit Models
Advising and assisting the Chief Credit Officer in optimising asset quality and asset growth decisions to maximise profitability ensuring efficient capital management.
Responsible for recruiting, maintaining and retaining skills, experience and knowledge of Credit Model staff · Liaise with other Credit Leadership Team members to optimise efficiency and effectiveness of lending policies and processes.
Delivering high level of customer service and promoting right behaviours
What we’re looking for:
Significant experience of relevant model build/management, with the role holder being used to dealing directly with FSA technical experts and also capable of driving organisational change
Review of PD, LGD and EAD models and operational scorecards used across corporate and retail banking and highlight areas for improvement
Review Model Development Validation and Documentation standards and ensure that the team under their control (including any Group reliance) meet the new standards applicable for the UK market that meet the requirements of the FSA (and also APRA)
Manage a plan of model build/enhancement activity that ensures an ongoing portfolio of performing models that meet the IRB requirements of the organisation. Where model weaknesses exist, develop a clear process for the articulation of these issues, and recommend appropriate mitigants·
Analyse statistical problems in model reviews and promote regulatory and methodological best practices in model development
Implement the development responsibilities of the Credit Model Management Framework and ensure UK compliance with the Group Model policy – i.e. annual self assessments.
Ensure that Credit Models are compliant with Basel II rules for FIRB/AIRB portfolios
Build close relationships with SME's in Risk in the UK and Group and key business stakeholders
Support compliance with key regulatory requirements
Strong written and verbal communication skills – ability to capture complex problems and present them in a straightforward manner
About the Offer: c£895KK basic salary + excellent package JobsinCredit.com - 10 months ago