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IRB Credit Modeller (UK Offshore - AIRB: Mumbai)

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Investec

Sep 10

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • Mumbai

AI generated summary

  • You must have a quantitative degree, hands-on PD/LGD modeling experience, coding skills in SQL/Python, strong analytical and communication abilities, and a keen interest in credit risk and IRB regulations.
  • You will develop and refine IRB credit risk parameters, manage model lifecycles, conduct performance analyses, implement best practices, and engage stakeholders to support credit risk frameworks.

Requirements

  • Educational background: Bachelor's/Master's degree in highly quantitative subjects (Maths, Physics, Engineering, Economics, etc) with excellent academic records.
  • Modelling experience: Hands-on modelling experience in development of PD and LGD models, preferably within IRB and stringent regulatory frameworks such as EBA or PRA.
  • Coding proficiency: Demonstrate coding proficiency ideally in SQL or Python (or show strong willingness to acquire this skills)
  • Analytical acumen: Exhibit exceptional analytical abilities, with a talent for interpreting complex data and presenting findings clearly to diverse audiences
  • Continuous Learning: Display strong interest in mastering credit risk models and understanding the UK's IRB regulatory environment.
  • Communication and documentation: Prepare high-quality documentation. Communicate clearly and persuasively in both written and verbal forms.
  • Soft skills: Work effectively both independently and as part of a team. Show a readiness to learn and adapt swiftly to new challenges.

Responsibilities

  • What you will be doing:
  • Develop and refine IRB credit risk parameters (PD, LGD, EAD) and collaborate with team members in the development of credit risk models across retail and non-retail portfolios.
  • Model management: Oversee the full lifecycle of models, including scoping, data review, stakeholder engagement, documentation, and governance approval
  • Performance analysis: Conduct annual reviews of models, calibration, backtesting models and performance analysis to ensure accuracy and reliability. Address and resolve deficiencies identified from this process.
  • Continuous learning: Research, design and implement best practice methodologies for quantifying credit risk in line with UK PRA's Basel 3.1 IRB standards and supervisory requirements.
  • Stakeholder Engagement: Collaborate closely with Credit & Business, support functions to support the correct understanding, use, implementation of the models within Investec's credit risk framework.

FAQs

What is the main purpose of the IRB Credit Modeller role?

The main purpose of the IRB Credit Modeller role is to develop and refine credit risk parameters, oversee model management, conduct performance analysis, and collaborate with stakeholders to ensure proper understanding and implementation of credit risk models within Investec's framework.

What qualifications are required for this position?

Candidates should have a Bachelor's or Master's degree in highly quantitative subjects such as Maths, Physics, Engineering, or Economics, with excellent academic records.

What kind of experience is preferred for applicants?

Applicants are preferred to have hands-on modelling experience in the development of Probability of Default (PD) and Loss Given Default (LGD) models, ideally within IRB and regulatory frameworks like EBA or PRA.

Is coding proficiency required for the IRB Credit Modeller role?

Yes, candidates should demonstrate coding proficiency, ideally in SQL or Python, or have a strong willingness to acquire these skills.

What skills are essential for the IRB Credit Modeller role?

Essential skills include exceptional analytical abilities, strong communication and documentation skills, readiness to learn, and the ability to work effectively both independently and as part of a team.

Is there a focus on continuous learning in this role?

Yes, there is a strong emphasis on continuous learning, including mastering credit risk models and understanding the UK's IRB regulatory environment.

How does Investec promote diversity and inclusion in its workplace?

Investec promotes a sense of belonging and inclusion by creating an environment where everyone is free to be themselves, which drives innovation, creativity, and business performance.

What assistance is available for candidates with disabilities during the application process?

Candidates with disabilities or neurodivergent needs can use the Recite Me assistive technology available on the Careers pages for help with the application form. Additionally, they can contact the Careers team for further assistance.

Should candidates apply if they do not meet all the stated criteria?

Yes, candidates are encouraged to apply even if they do not meet all the criteria, especially if the role excites them, as Investec values an entrepreneurial spirit.

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Investec

Out of the Ordinary insights from the world of finance and our partners. We create and manage wealth.

Finance
Industry
10,001+
Employees
1974
Founded Year

Mission & Purpose

Investec is a company that offers a wide range of financial services, including banking, asset management, and investment solutions. Their ultimate goal is to provide comprehensive financial products and services to individuals, businesses, and institutions, helping them achieve their financial goals and aspirations. Investec's purpose revolves around delivering expert financial guidance, innovative solutions, and personalized support to their clients, aiming to foster financial growth, stability, and prosperity. Through their diverse offerings, Investec seeks to empower clients in managing their finances, making informed investment decisions, and navigating the complexities of the financial landscape.

Benefits

  • Be healthy

    Being healthy means taking care of yourself, your body and your lifestyle holistically. Eating healthily, keeping active, sleeping well and doing what makes you feel your best. You will have access to excellent healthcare choices, including private medical insurance, 24-hour GP access, onsite physiotherapists (in London), wellbeing subsidy, dental plans, income protection and regular eye tests.

  • Be you

    Being you means bringing your whole self to work. Balancing and integrating your personal, family, financial and work life to create greater harmony and connection. To ensure you feel valued and rewarded, we will support you with an attractive salary and bonus scheme. We also offer a generous pension scheme, and independent free pension and mortgage advice. Should the worst happen, we also offer a death-in-service benefit. Also, to support you and your loved ones through the many life stages, we offer generous parental and dependant’s leave policies, and a series of events and activities to help you navigate life changes. Annual leave starts at 25 days and increases the longer you stay with us. We also offer part-time and flexible working options when possible.

  • Be present

    Being present means taking care of your mental wellbeing, so you feel empowered to realise your potential and able to cope with the stresses of life. We have onsite and telephone-based clinical psychologists, as well as a professional and a confidential 24/7 Employee Assistance Programme that is always there to help.

  • Be connected

    Being connected means taking care of and feeling connected to your social wellbeing. It’s a sense of belonging, purpose and relationship in the workplace, your local community and your environment. If you’re passionate about contributing to the community, you’re in the right place. Here you can take up to two paid days a year to work with our community partners. We also arrange fun and meaningful volunteering opportunities throughout the year. You can also join one of the many networks at Investec, such as the award-winning group of environmental champions, Team Green, and our diversity and inclusion networks - Gender Balance, LGBTQ+, Multicultural and YoungMinds. We also recognise the commitment and loyalty of our colleagues with referral schemes and long-service awards.