Credit Risk Manager - Capital and Impairment

Job Description

About The RoleCalculating the Societys capital and impairment requirements is of the highest importance and profile.The Capital and Impairment team has a wide variety of accountabilities so the team is split into 3 camps and managing one of these camps will be your role.

• Capital or Impairment Camp: You will be accountable for either the monthly end-to end Capital calculation or Impairment calculation process including all downstream management information, Regulatory Reporting, the writing and presenting in-depth reports,and ad-hoc requests.
• Model Monitoring Camp: You will manage and deliver the build, implementation and refresh of Capital and Impairment Model and Scorecard Monitoring in accordance with regulatory standards which would need to meet a variety of time framesand stakeholder/businessrequirements and to undertake first line annual reviews of these models.

The camps work collaboratively on a variety of high profile activities such as supporting the annual reporting and accounts process, Quantitative Impact Studies,Benchmarking, 2nd line validation, internal and external audits, and contributing to Society wideprojects. As well as being expert in your own area, you will be expected to be intellectually curious about the activities and responsibilities of the other camps and capable of supporting these areas when required.The role requires ambition, strategic thinking, and resilience. Extensive knowledge of current and proposed future technical capital and impairment requirements, along with analytical tool expertise, will be required to support the team and to give stakeholderscomfort that any risk identified is being appropriately managed.People are our most important asset so as well as managing workloads and meeting tight deadlines, ensuring that your team members have appropriate goals, coaching, feedback, and your time to discuss and target development needs, is essential. There will alsobe occasions when you will need to deputise in the Senior Managers absence.The role holder will be required to oversee the production of detailed documentation and commentary to explain analysis completed by the team, liaise closely with the Societys 2nd Line of Defence and other teams within the Society such as Finance and RegulatoryReporting. You will be expected to work closely with external auditors to understand and respond to audit findings and recommendations. The confident communication of results at committees and to senior managers and executives is essential along with a desireto influence decision making to ensure that the direction taken is robust and aligned to the Societys vision and values.About YouWe are looking for someone who holds a degree level (or higher) qualification with particular emphasis on a numerate discipline (ideally, statistics, finance or mathematics related) is necessary, or demonstrable equivalent skills through experience.It is expected that you will have substantial experience in a Credit Risk or Financial environment, management experience is desirable but not essential. You will be able to demonstrate an in-depth understanding of applicable capital and impairment regulationsand accounting standards. A thorough knowledge of advanced IRB and IFRS9 models (PD, LGD, EAD) for retail credit portfolios would be advantageous. Relevant experience in other asset classes or disciplines will be considered.You will need the ability to diagnose and resolve issues and manage team deliverables from inception to completion. You will be agile and considered so able to work to tight deadlines whilst dealing with multiple and changing priorities in a professional manner.Due to the volume of management information, returns and documentation completed by the camps, you need to be conscientious and able to encourage colleagues to follow the high standards that you set.You will strive not only to improve your own skill set but caring about people will be high on your agenda be that ensuring that a stakeholder gets the best service from your camp or understanding a team members learning style and empowering them to fulfiltheir potential. It is also vital that you assist the Senior Manager to communicate and strive towards achieving the teams vision.You champion role model behaviours, working effectively and cooperatively with a variety of colleagues and teams within the Society and third parties. You must also be effective in communicating with peers, external parties, and regulators, and you may beexpected to represent the Society at technical peer group meetings.Technically you will have advanced skills in the use of MS Excel and have experience in the use of statistical and reporting packages (e.g., Business Objects, IBM COGNOS). Knowledge or experience in using analytical tools such as SAS, with SAS Macros, SASEnterprise Guide and SQL, is essential for this role.In addition to the technical aspects of the role, you must be adept at writing and evaluating in-depth documentation as well as presentations aimed at senior (executive level) audiences where you will be expected to effectively brief such audiences on complexconcepts in a manner that is easily understandable and appropriate for the audience, to facilitate and inform decision making.The closing date for applications is 10th October 2022