Financial Modeller - ManchesterSalary: As a Financial Modeller you will lead the development, enhancement and ongoing maintenance of the models underpinning Chetwood’s IFRS 9 expected credit loss framework. This includes core credit risk components such as Probability of Default, Exposure at Default, Loss Given Default and Significant Increase in Credit Risk. You will support the Head of Financial Modelling with the development and maintenance of a number of other key financial models used across the bank, including models supporting effective interest rate calculations, hedge effectiveness assessment and fair value measurement. You will collaborate with multiple teams across the organisation, particularly within Risk and Finance.Key ResponsibilitiesDevelopment and ongoing validation for the suite of models used in the IFRS 9 ECL calculation. Ownership of monthly model monitoring for review by model governance committee, credit risk committee and board risk / audit committees.Maintaining oversight of all models as per the requirements set out in Chetwood’s model governance framework.Assist in the development and maintenance of financial models across the business.Support the build out of the credit and market risk models for Chetwood's Wholesale portfolios.Support wider finance/risk projects, including financial planning and ICAAP.Assist in preparing materials and analysis for internal and external stakeholders. Skills, Knowledge and Expertise5 years+ of relevant experience (mortgages, financial Instruments preferred).Strong interest in credit risk with detailed knowledge of IFRS9 regulatory frameworks.Excellent analytical and quantitative skills.Proficiency with standard toolsets, in particular Python.Expertise in statistical modelling across the full life cycle of financial instruments using a range of platforms and algorithms.Candidates should be comfortable working with large datasets and using analytical programming tools such as Python and SQL to support model development and analysis.Numerate Degree e.g. bachelor’s degree in finance, Economics, Mathematics, Business, Physics or related fields.BenefitsCompetitive salary25 days holiday PLUS your BIRTHDAY offPension contribution with Royal LondonLife AssurancePrivate medical, dental and optical health insurance with AxaHybrid workingFree breakfast available About Chetwood BankWe’re a UK-based digital bank dedicated to getting the basics right and offering straightforward savings and mortgagesData ProtectionWe anticipate that we will retain your data as part of the recruitment process for no longer than is necessary for the purpose for which it was collected unless we have sought your consent to keep your data for future suitable job vacancies.CifasThe personal information we have collected from you will be shared with Cifas who will use it to prevent fraud, other unlawful or dishonest conduct, malpractice, and other seriously improper conduct. If any of these are detected you could be refused certain services or employment. Your personal information will also be used to verify your identity. Further details of how your information will be used by us and Cifas, and your data protection rights, can be found by https://www.cifas.org.uk/fpn.Chetwood Bank does not accept speculative or unsolicited CVs from Recruitment Agencies. Any unsolicited CVs received will be treated as the property of Chetwood Bank and Terms & Conditions associated with the use of such CVs will be considered null and void.
