WCR Model Owner Delegate - VP

Join us as a WCR Model Owner Delegate - VP. The role requires close collaboration with the Model Owner and the heads of various departments including Credit Risk, Quantitative Analytics, Front Office and Technology to manage our extensive and highly material suite of wholesale credit risk models (PD, EAD, LGD) ensuring that both the business and regulatory risk arising from these models and associated systems are effectively controlled and the models perform as required. The successful applicant will lead selected activities across our multi-year wholesale credit risk IRB models replacement programme as well as supporting the Model Owner by taking ownership of day to day aspects of managing our current inventory of credit models.
Some responsibilities, you will have as a WCR Model Owner Delegate - VP are:

• Working with the Model and Rating System Owners and other key partners to deliver new IRB models and associated systems, in line with commitments made to the regulator(s).
• Managing and maintaining the current model inventory in line with Model Risk Policy, including presenting at senior models and rating system related committees.
• Keeping abreast with regulatory developments, proactively responding to any implications for IRB modelling.
• Sponsoring/supporting other non-model, business change projects that may impact the firm's IRB Permissions.
• Developing and maintaining a strong network and close working relationships with key stakeholders across the BI businesses and also with the functional areas, to ensure best in class and consistent approaches are used across the firm.
  

The ideal candidate should have a quantitative academic and/or a professional background with suitable and directly relevant experience in developing or validating empirical models (ideally in wholesale credit context), and understand the business portfolios within which those models are used.
To be successful as a WCR Model Owner Delegate - VP, you should have experience with