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Credit Risk Modelling Lead Analyst

Atom Bank
Posted 2 days ago, valid for 17 days
Location

Durham, Durham DH1 5TS, England

Salary

£60,000 - £72,000 per annum

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Contract type

Full Time

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Sonic Summary

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  • Atom is seeking an experienced credit risk modeller to enhance their modelling capabilities and support regulatory compliance initiatives.
  • Candidates should have a minimum of 3 years of experience with IRB regulation and predictive modelling techniques, including collaborative filtering and machine learning.
  • The role offers a salary of £60,000 to £80,000, depending on experience, with additional benefits such as a flexible hybrid working model and a 4-day work week.
  • Responsibilities include developing PD, EAD, and LGD models, delivering analysis for strategic projects, and mentoring junior modellers.
  • Successful applicants will enjoy a generous pension scheme, private medical insurance, and an annual personal development fund.

We’re Atom…

The bank that's leading the fintech charge!

We’re not like the rest. We’re true innovators, and we’re redefining what a bank should be. Ours is a bank for today and the future, a mobile-first bank. Forget the stuffy branches, with Atom you can bank whenever, wherever, faster, and simpler.

Could you be the next innovator to join us?

What will your typical day look like? Different that’s for sure…

Here at Atom, we are working towards achieving an A-IRB waiver. You’ll join a team focused on enhancing our credit risk modelling capability. Your work will centre around building and monitoring a full suite of PD, EAD & LGD models as Atom continues its journey towards becoming an IRB accredited bank.

You will primarily focus on developing and implementing various types of predictive models, segmentation strategies, optimisation algorithms & data mining analysis. You’ll also aid the development, maintenance and monitoring of new IRB rating systems, regulatory PD, LGD, EAD & scorecard models.

You’ll also support regulatory and compliance initiatives within Risk such as IFRS9 models and stress testing, credit risk scorecards and simulation models to optimise operational processes and to quantify & manage operational risks. You’ll utilise your expertise in predictive modelling to drive forecasting, pricing, capital & impairment modelling.

IRB knowledge and experience is essential for this role.

You will also:

  • Assess IRB regulation within the CRR, SS11/13, EBA GL’s, PRA Rulebook & Basel 3.1 for residential mortgages or business loans.
  • Ensure predictive models support regulatory and compliance initiatives within risk such application scorecards, capital and impairment (according to IRB and IFRS9 standards) and stress testing
  • Deliver end-user solutions to enable customers to utilise predictive models and to perform what-if analyses
  • Provide peer review and challenge to analysis and models developed by other members of the team
  • Deliver analysis to support key strategic projects and regular reporting requirements
  • Collaborate with cross-functional teams to gather and analyse relevant data for modelling purposes
  • Continually improvem the entire modelling process, including maintenance & monitoring
  • Build strong, working relationships within Credit Risk and across the business, communicating results to senior stakeholders through a combination of presentations and technical paper.
  • Stay current with industry trends and emerging best practices in credit risk modelling.
  • Provide support to junior modellers in the form of technical guidance and mentoring.

What do we need from you?

  • Experience with IRB regulation (CRR, SS11/13, EBA GL’s, PRA Rulebook & Basel 3.1)
  • Experience in using the following modelling techniques - collaborative filtering, support vector machines, neural networks, linear and logistic regression, decision trees, random forests
  • Experience of data analysis tools, such as SQL, R, Python, SAS or similar
  • Good communication skills - able to present analysis at all levels of the business and to non-specialists.
  • A self-starter with excellence time management skills
  • Experience of delivering predictive models to support application or behavioural credit risk scoring, IRB, IFRS9, scorecards, pricing and price elasticity, or product propensity models.

What you’ll get from us?

  • Flexible Hybrid & Remote working
  • 4-day work week
  • Annual Share Option - performance-related
  • Incredibly generous company pension scheme (maximum of 13% of Atom input - you can put in more)
  • 'All About Me’ fund: £200 per year to spend on personal development.
  • 22.5 days annual leave plus public holidays
  • Private Medical Insurance, Health Cash Plan & Life Insurance
  • Electric Vehicle Scheme

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By applying, a Reed account will be created for you. Reed's Terms & Conditions and Privacy policy will apply.