| Job Title: | Senior Analyst – Credit Risk Regulation |
|---|---|
| Reference: | A1-09-07-10 |
| Salary: | £30000 to £35000 per annum Benefits: Bonus, Pension, Shares, Healthcare etc... |
| Location(s): | West Yorkshire |
| Industry(s): | Risk |
| Advertiser: | Aspire Data Recruitment |
| Employment Type: | Permanent |
| Posted: | 09-07-2010 |
Description:
Job Title: Senior Analyst – Credit Risk RegulationSalary: £30,000 - £35,000 + Bonus & Benefits
Location: Halifax
Overview
The role of the Capital Management team is to ensure that regulatory and economic capital is managed effectively within the Retail Division. This is achieved by ensuring that: capital is allocated effectively; capital requirements inherent in the Retail Division's plan are understood (including in stressed economic conditions); the Retail Division meets its regulatory and legal obligations for external reporting and explanation of credit risk related information; credit models and Basel Internal Rating Systems used within Retail are subject to appropriate validation, oversight and governance.
The Team
Credit Risk Regulation is responsible for interpretation and implementation of emerging Credit Risk regulation. The team will work with ICRCU and Credit Regulatory Reporting colleagues to ensure that the Retail Division complies with all relevant regulation.
The Role
Reporting to the Manager, Credit Risk Regulation, the role holder will be responsible for ensuring that Business Units within the Retail division comply with the rules governing the calculation of capital under Basel 2 by supporting or undertaking reviews of business unit compliance in areas such as rating model usage, IT, MI and governance.
• Provide advice on all aspects of rating model usage, infrastructure and governance.
• Review and provide opinions on the quantitative and qualitative elements of model usage, data accuracy and reporting.
• Keep up to date with academic and technical developments in the field of risk rating model usage and more general regulatory requirements, in order to assess the compliance of the Retail Division models.
• Develop a detailed understanding of the FSA's rules (BIPRU) in order to advise business units on the most appropriate approach to meet compliance with the
regulatory requirements.
Perform any additional quantitative assessment procedures necessary to validate business unit processes.
Please send your CV to info@aspiredata.co.uk or contact us on 0845 850 4045.
