Company
RCI BANK UK LTD
Job Description
To own, support, manage and develop key relationships across RCI/MFS including; managing the oversight of all Credit Risk positions, underwriting issues, and oversight responsibility in accordance with the risk appetite statement.
Build collaborative relationship with 1st line of Defence Credit / Underwriting team.
Maintain and update the Bank’s Risk policies and the department’s risk procedures, provide in-depth analysis, market trends and horizon outlook, while keeping stakeholders informed on all critical developments
Build Quantitative models for effective challenge of 1st line of defence outputs, stay abreast of model changes, model development, implementation and validation across the Credit portfolio.
Responsibilities
Provide Second line of defence review of MFS underwriting credit portfolio, in line with the bank’s credit risk policies & the Department’s Risk procedures
Primary Dealer and Underwriting counterparty assessments
Provide Second line challenge on loan approval process
Provide Second line attestation on approval process
Ownership of Model review and procedure review on aspects such (ECL,PD, LGDs, EADs)
Scorecard Oversight & Quantitative Development
Quantitative Modelling capability
Ownership of Loan Origination Policy
Thematic reviews on underwriting process and controls
Drive governance around model changes or updates, and ensure approval at relevant Risk committees
Develop executive reporting, review reports
Monitor and report on counterparty exposures & Macro Economic/Micro Economic Mindset & Outlook
Regulatory reporting oversight – second line review and approval
Oversight and some preparation of regulatory reports
Monitor and report on all Large Exposure Daly positions – including daily monitoring
Oversight of risk models operating in accordance with policy and use test – including annual review of model inventory
Ad hoc support to the Head of FRR and CRO
Mentoring and managing junior members of the team
Risk appetite statement & Risk Management Framework development
Recovery plan
Model risk management (incl EUC) policy
Knowledge and Skills
Entrepreneurial attitude, you think on a macro scale while managing micro-processes
Advanced capability in Excel, Power BI & other tool/systems(R, Python, C++, Java)
Key culture behaviours across Risk embedding mindset, self-starter and proactive across key day to day initiatives
Highly literate and numerate able to convey messages in a succinct way
Understanding of Risk Frameworks / Governance and Risk Policy
Attention to detail and accuracy
Experience of Risk Analytics and Modelling
Be able to liaise with Executives, Board members & senior RCI HQ members
Strong eye for detail and high personal standards
Set & maintain high operational standards to satisfy management expectations
Ability to manage staff, to bring out their best and develop them to the next stage in their career
Absolute discretion. The incumbent will have access to very sensitive bank data
Demonstrable passion for continued professional and personal development
Ability to build strong relationships internally with other departments, and influence others in a collaborative and positive manner
Individual Conduct Rules
Acting with integrity.
Acting with due skill, care, and diligence.
Being open and cooperative with regulators.
Treating customers fairly and with respect.
Observing proper standards of market conduct.
Ensuring effective control of the firm’s business.
Job Family
Sales Financing
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