Qualifications Statistics/Mathematics or similar. Bachelor Honours Degree: Actuarial Science, or Bachelor Honours Degree: Applied Mathematics, or Bachelor Honours Degree: BMI Business Management and Informatics, or Bachelor Honours Degree: Mathematics, or Bachelor Honours Degree: Statistics Preferred Requirements Years of experience: 3 - 5 years Responsibilities Develop and monitor IFRS9 and/or Regulatory Capital models in-house (PD, LGD or EAD models or scorecard models) through sound methodologies and statistical analysis Enhancing / refreshing existing models already in place Proficiency in SAS coding is essential Updating models to reflect latest forecasted macro-economic factors; and communicating this impact Testing that model build data is of sufficient quality and completing statistical data analysis to ensure this Assisting the model implementation team through answering technical questions around the model workings (inputs to the model, calculations performed, etc.) and with testing (comparing implementation results with documented model) to ensure the model is implemented correctly Develop theoretical understanding and practical application of models Ensure full governance processes for modelling are complied with from model inception and build through to validation and sign-off by completing all relevant documentation according to the Company Model Risk Policy This includes responding to Independent Review questions and reworking the model build to resolve issues raised. Provide detail around the appropriateness of models Perform and report impact analysis, including that of model updates Work in a manner that allows models to easily be revisited or handed over Accountability: Stakeholder management Actively engage stakeholders (model users, validation team, monitoring team, regulators) to be fully engaged in process and delivery through email discussions, group meetings and one-on-one discussions Present impacts of model updates / model refreshes Generate appropriate challenge on model builds from around the cluster by discussing model build detail and ideas Manage key stakeholders across the business by ensuring their issues, objectives and priorities are reflected in the agreed solutions Explaining methodologies and data feeds to stakeholders when needed Develop and maintain relationships with relevant business units by understanding the business units' requirements and obtaining feedback Interact with Credit teams when details of their operational processes is required to understand the data / incorporate into the model methodology Accountability: Consultancy Share insights on the models for which you are responsible for. E.g., on the data used to build the model, drivers of the model, methodology, etc. Perform analysis on models to understand impacts, changes, etc Accountability: Governance and Adherence Familiarize yourself with The Company’s internal Model Risk Governance requirements and relevant standards Familiarize yourself with the regulations which govern model methodologies Ensure that work which is performed adheres to the above #J-18808-Ljbffr