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Job Vacancy Details

Credit Risk Business Analyst

Investment Banking

London

Temp ⁄ Competitive Daily Rates

Updated February 6, 2012

Support development and deployment of credit risk models (PD, EAD, LGD), as directed.

· Review and validate existing credit risk models to establish their fitness for purpose in the business and recommend improvements or remedial action.
Credit risk analytics is highly technical and fast-developing owing to the regulatory pressure of Basel 2 and the level of competition in financial markets, which demands ever more accurate and reliable measures of risk. The current market conditions, in particular, imply significant changes with regard to the understanding of the risk factors underlying different portfolios. The jobholder must maintain a good understanding and be capable of adopting new approaches and able to explain them to non-technical counterparts. The jobholder needs to demonstrate an expertise in highly technical areas (e.g. statistics or econometrics) as well as deep understanding of credit business and credit products.

Who we're looking for
· University degree and / or Ph.D. in a quantitative field or in quantitative economics

· Good understanding of statistics or econometrics and familiarity with sophisticated tools for numerical analysis

· Strong knowledge of credit business and credit products as well as Basel 2 framework

Proactive management of model development projects:

· Time schedule

· Resource planning

· Preparation of tasks

· Lead Panel meetings and discussion with experts

· Documentation