Credit Quantitative Oversight Manager

Company

Job Description

To own, support, manage and develop key relationships across RCI/MFS including; managing the oversight of all Credit Risk positions, underwriting issues, and oversight responsibility in accordance with the risk appetite statement.

Build collaborative relationship with 1st line of Defence Credit / Underwriting team.

Maintain and update the Bank’s Risk policies and the department’s risk procedures, provide in-depth analysis, market trends and horizon outlook, while keeping stakeholders informed on all critical developments

Build Quantitative models for effective challenge of 1st line of defence outputs, stay abreast of model changes, model development, implementation and validation across the Credit portfolio.

Responsibilities

• Provide Second line of defence review of MFS underwriting credit portfolio, in line with the bank’s credit risk policies & the Department’s Risk procedures
• Primary Dealer and Underwriting counterparty assessments
• Provide Second line challenge on loan approval process
• Provide Second line attestation on approval process
• Ownership of Model review and procedure review on aspects such (ECL,PD, LGDs, EADs)
• Scorecard Oversight & Quantitative Development
• Quantitative Modelling capability
• Ownership of Loan Origination Policy
• Thematic reviews on underwriting process and controls
• Drive governance around model changes or updates, and ensure approval at relevant Risk committees
• Develop executive reporting, review reports
• Monitor and report on counterparty exposures & Macro Economic/Micro Economic Mindset & Outlook
• Regulatory reporting oversight – second line review and approval
• Oversight and some preparation of regulatory reports
• Monitor and report on all Large Exposure Daly positions – including daily monitoring
• Oversight of risk models operating in accordance with policy and use test – including annual review of model inventory
• Ad hoc support to the Head of FRR and CRO
• Mentoring and managing junior members of the team
• Risk appetite statement & Risk Management Framework development
• Recovery plan
• Model risk management (incl EUC) policy

Knowledge and Skills

• Entrepreneurial attitude, you think on a macro scale while managing micro-processes
• Advanced capability in Excel, Power BI & other tool/systems(R, Python, C++, Java)
• Key culture behaviours across Risk embedding mindset, self-starter and proactive across key day to day initiatives
• Highly literate and numerate able to convey messages in a succinct way
• Understanding of Risk Frameworks / Governance and Risk Policy
• Attention to detail and accuracy
• Experience of Risk Analytics and Modelling
• Be able to liaise with Executives, Board members & senior RCI HQ members
• Strong eye for detail and high personal standards
• Set & maintain high operational standards to satisfy management expectations
• Ability to manage staff, to bring out their best and develop them to the next stage in their career
• Absolute discretion. The incumbent will have access to very sensitive bank data
• Demonstrable passion for continued professional and personal development
• Ability to build strong relationships internally with other departments, and influence others in a collaborative and positive manner

Individual Conduct Rules

• Acting with integrity.
• Acting with due skill, care, and diligence.
• Being open and cooperative with regulators.
• Treating customers fairly and with respect.
• Observing proper standards of market conduct.
• Ensuring effective control of the firm’s business.

Job Family

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