IRB Credit Modeller

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.

Are you ready to make a meaningful impact in credit risk modelling? In this role, you will play a crucial part in developing and refining credit risk parameters while collaborating with a diverse team to enhance models for both retail and non-retail portfolios.

What Will You Be Doing?

• Model Development: You will be responsible for developing and improving IRB credit risk parameters (PD, LGD, EAD) and managing the entire lifecycle of models, from initial scoping to governance approval.
• Performance Reviews: Conduct annual reviews to ensure model accuracy and reliability. You will also research best practices for quantifying credit risk in accordance with the UK PRA's Basel 3.1 IRB standards.
• Collaboration: Work closely with colleagues across various teams to ensure effective implementation and use of models within Investec's credit risk framework.

What We're Looking For:

• Educational Background: A Bachelor's or Master's degree in a quantitative field (e.g., Maths, Physics, Engineering, Economics) with strong academic performance.
• Experience: Practical experience in developing PD and LGD models within IRB regulatory frameworks, along with proficiency in SQL or Python.
• Analytical and Communication Skills: Strong analytical abilities and effective communication skills are essential for creating high-quality documentation.

Are You Ready to Thrive?

Do you want to be part of a collaborative environment where everyone's contributions are valued? Are you passionate about credit risk modelling and eager to deepen your understanding of the regulatory landscape? If this resonates with you, we invite you to apply and join our innovative team at Investec!

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work.

Here is a selection of what we offer;

Wellbeing

Wellbeing Subsidy, Corporate Gym Membership, Virtual GP, Peppy Health App (Fertility, Menopause and Early Parenthood), Optional Private Medical & Dental Insurance

Monetary

Non-contributory Pension & Discretionary Bonus

Life & Income Protection

Life Assurance, Critical Illness & Income Protection

Travel

Season Ticket Loan & Electric Vehicle Scheme

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!

Recite Me

We commit to ensure that everyone is fairly assessed during our recruitment process. To assist candidates in completing their application form, Recite Me assistive technology is available on our Careers pages. This can be accessed by clicking on the ‘Accessibility Options' link at the top of the page.

The Recite Me tool includes a screen reader, styling and customisation options, a series of reading aids, a translator and more.

If you have any form of disability or neurodivergent need and require further assistance in completing your application, please contact the Careers team at [email protected] who will be happy to assist.