Job description

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

Stress testing analyst (6721)

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!

Stress Testing Analyst
Role: Stress Testing Analyst
Location: London
Overview
This is an exciting opportunity for a mid-level risk professional to join a dynamic and growing business in a newly created role, reporting to the Head of Stress Testing. The role offers a stimulating and varied environment focusing on identifying and articulating macro-economic and Investec-specific vulnerabilities and develop/implement methodologies, systems and processes to enhance Investec's stress testing capability

• What will the Stress Testing Analyst will be involved in?
• Macro, idiosyncratic, and reverse stress testing
• Stress testing methodology development (mainly credit risk)
• Review and challenge stress testing submissions
• Document stress testing findings and recommendations and prepare materials for relevant governance meetings
• Development/implementation of systems and processes relating to stress testing
• The role requires a strong emphasis on quantitative skills, technical knowledge of stress testing across risk disciplines, risk methodologies, and a thorough understanding of UK regulatory expectations with regard to stress testing
• Willingness and ability to continuously enhance knowledge and take on more responsibilities is essential
What are the responsibilities?
• Methodology development, implementation and documentation: Involved in the continuous enhancement of stress testing methodologies; setup/maintain stress testing models inventory; involved in setting up model validation process for stress testing function
• Data gathering, organisation and analysis: Collect relevant stress testing data in close collaboration with relevant reporting teams; develop strong understanding of Investec's portfolios with respect to stress testing sensitivities; propose data enhancements for regular reporting as relevant
• Stress testing guidance and model calibration/execution: Own periodic scenario implementation guidance document; involved in stress testing model calibration and execution
• Assist in the implementation of stress scenarios: Build strong relationships with stakeholders involved in the production of stress testing results, including financial planning teams/business, credit reporting teams, finance, and capital teams; assist in the interpretation of stress scenarios
• Review and challenge of stress testing results: Review and analyse stress testing submissions; challenge results in context of a given scenario and Investec's portfolio, and BoE stress testing guidance; ensure and validate that feedback has been implemented in the dataset
• Documentation of stress testing results and findings / recommendations: Produce stress testing reports, presentation materials, and inputs into the ICAAP and other risk-related processes; identify key areas for improvement and proposed recommendations for management to consider; document findings in a precise, coherent and relevant manner; maintain stress testing policy and framework
What core competencies do you need?
Technical knowledge
• Broad cross-risk knowledge, specifically in the areas of credit, market, operational and liquidity risks
• Understanding of risk in an economic, accounting and regulatory context
• Understanding of existing Accounting Standards (including IFRS 9)
• Understanding of UK regulatory guidance relating to stress testing
Other

• Strong financial analytical skills, strong numerical reasoning skills and financial modelling skills
• Python prototyping and implementation
• Interpersonal and stakeholder management skills
• Financial analysist or risk manager qualification considered an advantage
• Hands on approach and prepared to get involved in a broad spectrum of stress testing activities with respected to: risk types; scenario themes (macr-economic, idiosyncratic, trend risks such as climate change; approach to implementation (eg, excel, Python, qualitative, etc); housekeeping (model inventory, model validation, stress results documentation, etc)
Research shows that some candidates – particularly female 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!

 


 
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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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