Business Unit : Group Credit Stress Testing, Finance Salary Range: Up to circa £65,000 per annum DOE red-hot benefits Location: UK Remote with occasional need to travel to HUB for team meetings / collaborations (~4x per year) Our Team The Group Credit Stress Testing team are responsible for understanding and forecasting how our credit portfolios would react under acute stress economic conditions and the impact this has on impairment and minimum capital requirements.
These insights are used to understand the extent to which current capital levels are eroded under stress and safeguards the bank in supporting the setting of capital buffers.
The team also contributes to and plays a key role in the coordination of the Bank’s corporate planning process for impairment and RWA, whilst there are plans to enhance the usage of stress test outputs to help drive commercial performance and support the development of more granular ROTE measures.
What you’ll be doing Supporting management in the production of stress testing outputs, insights and associated documentation and proactively investigating/exploring trends or observations which may be of interest.
Independently recommend and implement changes and enhancements to the SAS based Credit Stress Testing Engines and associated analytical tools and Excel interfaces, with evidenced assurance of implementation and controls.
Supporting integration of any future data infrastructure changes to ensure data used in Credit Stress Testing is fit for purpose.
Taking the lead in continually driving improvements in existing processes to promote simplification and automation, reducing operational risk and enabling a better outcome for our customers.
Ensuring continued credit stress testing data consistency with internal and external reporting.
Proficient in the use of statistical analysis software SAS (or equivalent) An inquisitive nature to spot trends or underlying observations and ability to articulate to various audiences while reviewing stress testing outputs including proactively assessing materiality of the observation made.
Demonstrable knowledge of Credit Risk, particularly an understanding of Credit Risk Metrics such as PD/LGD/EAD.
Expert user with MS Office suite.
We'd love you to have but not essential Experience in a Credit Stress Testing environment with proven exposure to processing stress and scenario outputs.
Familiarity with macroeconomic time series models, knowledge of the macroeconomy and potential impact on credit portfolio performance.
Red Hot Rewards Generous holidays
- 5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
Up to five extra paid well-being days per year.
20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
Market-leading pension.
Free private medical cover, income protection and life assurance.
Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
Please ensure to submit your applications as soon as possible.
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