Job Title

Waterhouse-Kern Associates is proud to partner with a financial services institution in Manchester who are looking for a contractor to bolster their credit risk function. The Role:Reporting to the Manager Credit Risk (ECL & Scorecard Modelling), this role is responsible for the calculation of the provision (IFRS 9), charge analysis and provision reporting for the Group. You will also support the production of regular & ad-hoc provision papers. You will be in constant dialogue with the 1st line Credit Risk team to understand any portfolios of concern, run provision scenarios & provide a second line lens to any overrides to the provision that the 1st line Credit Risk team have implemented. The role will also involve monitoring the accuracy of parameters used in the provision calculation & any update recommendations to the IFRS 9 model.What youll be doing day to day: Run the monthly provision (ECL) process for the Group and the PF division, delivering outputs and MI to support and integrate with finance processesSupport provision input into key governance and control forums across the businessSupport the review of the provision modelling approach and highlight areas that require development Ensure the IFRS 9 model runs as intended providing reporting and monitoring in line with Model Risk Management policy requirementsProvide stakeholder and governance forums with analysis and monitoring to demonstrate the on-going effectiveness of the IFRS 9 modelWorking with stakeholders to analyse and understand key changes in the portfolio and the impact they have had on the provision in the monthMaintain comprehensive governance, procedures and recordsComplete model monitoring of those owned by Quant RiskBuild and maintain a strong stakeholder network to share risk and IFRS 9 expertise and insight across the organisationThe ideal candidate:Background in IFRS 9 (not essential)Numerical degree, strong analytical skills and excellent attention to detailRelevant coding experience, e.g. SQL & Power BIModelling experience (not essential)Advanced Excel skills Strong understanding of the fundamental concepts of data A solid grounding in data analysisExperience of using complex dataThis is a 6 month day rate contract but you must be able to work on site 5 days per week