Our client, a major global bank, is looking for a Workstream Lead to support a significant transformation of their Risk functions. This multi-year transformation aimed at fundamentally transforming and modernizing the bank’s approach to managing financial risk.
They will have responsibility for the IFRS9 Workstream role to deliver the future Wholesale Impairment model with more real-time simulations, scenario expansions and 'what-if' capabilities.
Requirements:
· Understanding of Finance & Risk processes at a Global Bank
· Awareness of IFRS9
· Understanding if credit risk models
· Understanding of econometric models for forecasting macroeconomic and financial variables required
· Proven SAS / Python advanced development experience
· Experience of managing / developing scale system changes with the SAS domain including big data.
· Proven experience of using statistical analysis tools for large scale data manipulation and analysis e.g. SAS, Excel, SQL
· Ability to perform data modelling a distinct advantage
Responsibilities:
· New model build requirements, desktop ECL calculations and Web-design tools, to enhance the delivery capability in Wholesale credit risk
· Delivery for simulation tools (Python or other similar technologies) and further integration of the wider system architecture for IFRS9
· Build simulation / scenario expansion models in line with the requirements of Forward Economic Guidance library and manage that transition to BAU
· Creating a library of key economic shocks required to generate a scenario, e.g. assumptions around monetary policy, commodity and interest rate and other asset price shocks
· Support management and audit review of scenarios generation team set up, ensuring that the documentation on scenario generation and models is created and fulfils the FIM requirements
· Assist with the creation & refinement of an economic scenario development process through involvement in the quarterly scenario generation cycle
· Ongoing model performance monitoring, review and challenge of scenario outcomes, documentation, etc.
· Strategise and design the delivery of IFRS9 transformation relating to simulation and scenario generation
· Review and define innovative solutions to simplify the operating model and make the e2e process of scenario expansion and LIC simulations more efficient and leaner
· Work with the wider delivery team across Risk Transformation, Risk IT, Finance Change Delivery and other change delivery groups to deliver enhanced Simulation capabilities for IFRS9
· Act as a SAS SME within the Wholesale credit risk function including management of new and existing development activities
· Deliver requirements against the objectives of Wholesale Credit Risk and understand the broader world of Credit and Market risk
Please apply now to Ryan Camp immediate consideration and further details.
Keywords: Wholesale Impairment, Risk, Credit Risk, Banking, IFRS9, SAS, Python, SAS SME, Wholesale Credit Risk, simulations, Risk scenarios, Credit risk models, Investment Bank.
Scot Lewis Associates Ltd is acting as an employment business.