IRB Model Validation Specialist
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About our client
Bigbank is a new type of bank - a truly specialised one with a mission to enable people to improve their lives through seamless financial services.
They are an Estonian-owned bank with more than 25 years of experience, providing loans and deposits to private and corporate customers in six countries across Europe with a vision to become the most recommended digital service provider in the countries they operate in.
What you'll be doing:
Validate IRB credit risk models (PD, LGD) including data used in the models, to ensure compliance with regulatory requirements.
Prototype challenger models to strengthen independent validation outcomes when appropriate.
Develop model governance processes including model risk management and model validation.
Develop and maintain documentation of the IRB model validation processes.
Prepare validation reports to stakeholders, track and provide oversight of remediation activities of validation findings.
You'll be successful if You have:
Higher degree in economics, finance, mathematics or statistics.
Knowledge in IRB and underlying regulatory requirements is an advantage.
Experience in credit risk modelling.
Experience with SQL, R, Python.
Ability to present opinion in clear and concise way, and making sound recommendations.
Ability to work independently, strong attention to detail and the ability to maintain accuracy in a fast-paced, dynamic environment.
Fluent English orally and in-writing.
You will be rewarded:
Interesting work in a growing Estonian capital based international bank.
Competitive salary (reviewed yearly).
Excellent conditions for professional and personal development working in the international banking environment. Trainings to support your personal development.
Possibilities to work remotely.
Monthly sports benefit + free participation at 2 national sport events.
Good people to collaborate with - check out Instagram #lifeatbigbank and #bigbankwow
Need more info?
Our finance and sales recruiter Veiko Tamm will answer your questions.
