Stress Testing Role - Model Validation - Wholesale Credit Risk - BFS

The material produced by this team will form the basis of a submission to WCR (Wholesale Credit Risk) senior management and to regulators. An extremely high standard of accuracy and timeliness will be required. Questions about the material or requests for further material will need to be answered promptly. The incumbent will be expected to exercise initial quality assurance over the work of the team.

- Analyse the results, bring out the business interpretation of the results and explore better possibilities of coming with an alternate approach as per the requirement

- Coordinate and compile Wholesale Credit Risk stress test results and develop analysis to share with wider groups

- Collate, test and check independently sourced economics data (forecast and stress) and assess its robustness and fitness for purpose.

- Understand the trends of various economic parameters and delve into the possible reason for the change in those trends

- Support the evaluation of the reasonableness of the firm's efforts to translate broader economic stress scenarios into financial outcomes for its business lines/ portfolios

- Stress scenario calibration for market risk and credit risk;

- Support model execution and on need basis support model development

- Enhance process efficiency by increasing automation level of manual tasks

- Prepare effective material for dissemination to key business stakeholders at all levels of seniority.

- Drive standardization of analysis processes to gain efficiency

- Ensure the timeliness, accuracy and reasonableness of results produced by the process

- Review all WCR work streams developed/produced are of highest standard of accuracy

- Work with global businesses and the Regulatory teams to improve existing models, write requirements for new models and conduct UAT to ensure that implementations meet regulatory and business requirements.

- Enhance WCR reporting and analytical processes to improve understanding of the drivers of stress test outcomes