Job description

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  • Location:
    London - 30 Gresham Street
  • Department:
    Risk UK
  • Division:
    IBP Risk & Compliance
  • Employment Type:
    Full time
  • Salary:
    Competitive

Credit Control (6222)

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.

Embedded in our culture is a sense of belonging and inclusion. This creates an environment in which everyone is free to be themselves which helps to drive innovation, creativity and ultimately business performance. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation.

Research shows that some candidates can be reluctant to apply to a role unless they meet all the criteria. We pride ourselves on our entrepreneurial spirit here and welcome you to do the same – if the role excites you, please don't let our person specification hold you back. Get in touch!

Team description

Are you an integrated partner in the banks credit risk process whose aim is to ensure that the credit decisioning making process operates effectively and efficiently?

Integration of credit control into broader function to carry the credit process
Ensuring high quality in credit applications
Our purpose includes:-
Effective data validation
Facilitation of information flow
Gate keeper of credit data

The main responsibility of the team is the independent validation of the CREST PD and LGD model inputs and working with the credit officers to ensure that the appropriate models are used as part of the credit assessment process. The team will also be responsible for working closely with the modelling team as part of the model development and implementation process.

Description of role and key responsibilities 

  • Do you have experience across data Integrity and managing an independent oversight of Crest Model validation?

Ensuring that all inputs from the desk are collected in a timely basis and in an approved format
Ensuring that all financial information is checked against financial statements
Checking the accuracy of qualitative inputs (based on feedback from the Credit Decisioning team and the modelling team). If the inputs are a scorecard then the score needs to be compared with the descriptors for that score
Highlighting any discrepancies in the inputs to Credit and feeding back to the desk where needed.

  • Have you previously executed an operational process around the running Credit models for monthly credit impairment calculations for IFRS9?

Ensuring the Universe of assets is correct
Ensuring ratings, staging and ECL are calculated for all assets where data is available

Following up on data gaps with IT and Desk
Validating outputs for sense before reporting to Credit


Ensuring there is an Audit trail for inputs and outputs of credit model

Ensuring all data inputs used for ECL calculation are stored down each month in appropriate way
Ensuring outputs used for ECL calculation are stored down in an appropriate way each month.

Ensuring latest version and correct model type are submitted by the desk.

Reports to facilitate Credit Review and sign off of ECL numbers by business and by asset
Reports to ensure Risk management have a clear idea of the overrides to model numbers and the impact before they sign off
Ad Hoc reporting of rating and IFRS9 data as needed for the Credit function based on the fact that rating will be incorporated into Credit Risk appetite and also Quarterly portfolio reviews.
Ad hoc analysis and reporting on overrides, backstops and model input data.
Participation in models forum as key contributors

 Collaboration with key stakeholders regarding technology enhancements:

Ratings Hub
Do you have experience in developing system enhancements needed for BU, Credit Admin& Credit Decisioning?
Ownership of UAT for new functionality
Identification of system bugs and tracking to resolve
Ownership of training and supporting documentation
Involved in credit application enhancement and integration with ratings and model data, end to end process

Participation in credit to ensure model output aligned to credit decision making

Provide additional support to the credit officers
Driver of change with regards to modelling and embedding with credit decision making
Influence AIRB practices, i.e. improve use test of credit models in credit process.
Provide appropriate challenge of model inputs and outputs.

Core skills and knowledge

Technical Knowledge:
Knowledge of Company Balance Sheets and financial ratios
Excel

Skills

Act with integrity at all times and embrace the philosophy of treating our customers fairly (compulsory)
Analytical mind set
Attention to detail
Organised and thorough
Communication
Numerate
Able to handle difficult situations when there is a conflict of opinion
Work to a process and highlight where a process is not being followed
Fast to pick up an appreciation of what impacts and concerns the Credit team and hence can be relied upon to know when to act under their own initiative and when to escalate

 


 
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Location
London - 30 Gresham Street
30 Gresham Street, London, England, GB, EC2V 7QN
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Meet the recruiter

Jess Sheehan

LinkedIn

We commit to ensure that everyone is fairly assessed during our recruitment process.

Let us know if you need any reasonable adjustments to complete your application.

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Benefits

Pension
Private Medical Cover
Virtual GP
Gym Discounts
Psychologist Service
Annual Leave
Life Assurance
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