Job Description

This role will be responsible for

1. Data Integrity, 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.
• Ensuring information is valid and applicable to reduce reliance on backstop
• Record where inputs have and have not been approved for each credit deal

2. Executing the 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

3. 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.

4. Gatekeeper of the use of the PD and LGD rating and slotting models:

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

5. Creating and sending reports to Business, Credit and Management for review and sign off as per the TOM of the model process.

• 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

6. Collaboration with key stakeholders regarding technology enhancements:

• RatingsHub
• Develop 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

7. 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.

Required Knowledge, Skills, and Abilities

• Knowledge of Company Balance Sheets and financial ratios
• Excel
• Act with integrity at all times and embrace the philosophy of treating our customers fairly (compulsory)
• Analytical mind set
• Attention to detail
• Organized 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