Stress Testing Modelling Team Manager

  • Job Reference: R-00227489
  • Date Posted: 6 February 2024
  • Employer: NatWest Group
  • Website:
  • Location: London
  • Salary: On Application
  • Sector: Accounting, Banking & Financial Services
  • Job Type: Full Time

Job Description

Join us as a Stress Testing Modelling Team Manager

  • If you have good team leadership experience, this is a chance to take on a role with significant responsibility within our Credit Insight & Analytics team
  • In this key role, you'll be leading a small team of managers and analysts to build credit models
  • This is an opportunity to gain exposure to the tools which are crucial to the bank's provision process and for making sure we have adequate capital

What you'll do

As a Stress Testing Modelling Team Manager, you’ll be responsible for developing and maintaining IRB, IFRS9 and stress testing models. Alongside this, you’ll be providing business and other stakeholders with advice and support on model use, model impact and model implementation.

You’ll also be:

  • Supporting the business through developing and maintaining risk and decision-support models
  • Delivering analytics and performance MI relating to the models and the development of new and enhanced approaches in support of improved business and customer outcomes
  • Managing model proposals developed by the team as they pass through phases of review and implementation by other functions making sure this is controlled and efficient
  • Developing the team, including coaching on model, methodology, best practices definition, delivery of senior management ready material and subject matter expert engagement

The skills you'll need

To succeed in this role, you’ll need broad experience of working in credit modelling or a related quantitative function, part of which in a retail or wholesale banking environment. You’ll also be educated to degree level in a numerate discipline with practical experience in statistical or mathematical credit risk modelling, ideally in Python.

You’ll also demonstrate:

  • Knowledge of stress testing, IFRS9 accounting requirements and IRB regulatory requirements
  • Extensive banking or financial services experience, as well as knowledge of wholesale banking counterparty types and products
  • Experience of managing a highly technically skilled team
  • Strong project management skills and the ability to work as part of a team, sharing ideas and learning from others
  • The ability to translate complex and statistical techniques into simple, easily understood concepts