We are looking for a Impairment Manager to join this Large Financial Services Provider for this brand new Permenent opportunity!

This role has the scope to be remote having to go into one of their many nationwide offices once or twice a quarter or more if you would prefer.

It may suit an Analyst moving up to a Manager role or a Manager looking for a new challenge and to be involved with some great projects and challenges!

The role will involve complex modelling to develop, implement and take full ownership of the regulated bank's provisioning models and calculations under IFRS 9 and IAS39.

The candidate will require a sound knowledge of the impairment framework, IFRS 9 and will need to have a strong background in IRB capital modelling given the strong overlap between current capital and future impairment accounting standards.

Duties

• Working closely with the wider Treasury, Finance, Credit Risk and Data & Analytics teams to ensure the impairment reporting process runs efficiently
• In conjunction with the decision science, data & analytics teams, plus any relevant third party providers, lead the remediation actions raised by 2nd line Model Risk team (MRO) validation, along with initiating relevant model recalibrations and enhancements
• Lead the impairment model monitoring, working with Credit Risk and Data/Analytics team
• Prime point of contact for the cards and loans model information requests from both internal and external auditors
• Ensure relevant governance and controls are followed with regards to the impairment process and any enhancements
• Work with the wider Impairment team to maintain and enhance segmentation, reporting, controls, monitoring, governance, and robust procedural documentation for internal and external stakeholders.
• Perform ad-hoc analyses as required and provide recommendations and solutions based on analysis.
• Assist the Governance and Controls Manager to ensure compliance with the bank's Model Governance Forum policy, including independent model validation
• Working with the wider treasury and finance teams ensure internal and external audit points are addressed and closed in a timely manner
• There is an overarching responsibility to understand and evaluate impairments impacts as the bank grows and launches new products and services

The ideal candidate will have a strong technical knowledge of IFRS 9 as a minimum requirement. Also, candidate would need to have a strong knowledge of SAS and in general strong computer literacy especially with Microsoft products such as Excel.

Requirements

• A minimum of five years' experience working with impairment models, including significant impairment reporting
• Implementing and managing model enhancement processes
• Moderate SAS capability - other programming languages can be considered for the right candidate
• Relevant experience working with decision science and or data & analytics teams to test and implement model enhancements
• Financial services experience in a regulated environment
• Specialist expertise and first-hand experience of working with the impairment framework and IFRS 9 reporting
• Experience working with a credit card portfolio or the non-standard credit market would be highly desirable

Benefits

• Competitive base salary and rewards
• Discretionary bonus scheme
• 25 days holiday entitlement - with one day accrued for each year of service up to 30 days
• Defined contribution pension scheme
• Extensive opportunities for personal and career development
• Flexible and dynamic working policies
• Discounts
• Discounted gym membership

Please apply today to be considered for this fantastic new opportunity!