Job Introduction

Handelsbanken is a relationship bank built on trust, long-term thinking and local decision-making. We provide bespoke banking and wealth management services to personal and corporate customers,

Our decentralised model means decisions are made close to the customer, in our branches. Our central Functions teams play a vital role in supporting the branch network, providing the expertise, governance and infrastructure that enable branches to serve customers effectively and sustainably.

This approach had underpinned our success for decades. Handelsbanken is independently recognised as one of Europe's safest commercial banks, holds the strongest credit rating among its peers and is consistently ranked highly for customer satisfaction and relationship banking.

Our culture is values-led, shaped by trust, respect, and long-term thinking. We empower our people to use their expertise, make confident decisions and build long-term careers. We look for people who share our long- term vision, want to grow and want to make a meaningful impact in their local community and with the Bank

We also recognise that flexibility can support people to perform at their best, and that it looks different for everyone. While arrangements will depend on the requirements of the role and the needs of the business, we are open to having a conversation around what flexibility could look like for you.

Check our Handelsbanken website for further information

The opportunity

An opportunity has arisen within our Credit Risk division for a Quantitative Risk Manager.

Key responsibilities

• Lead end to end IRB model development and implementation.
• Support junior members of the team with the development, annual model reviews and recalibration of the Bank's both Corporate and Retail IRB rating systems. including but not limited to:
  • Retail exposures: Loss Given Default (LGD), Probability of Default (PD), Application & Behavioural Scorecards
  • Specialised Property Lending exposures: IRB Slotting
  • Corporate PD models
  • Stress Testing models
• Define data requirements for IRB Loss Given Default models for retail exposures. Assessment of data availability and quality against regulatory requirements and internal Data Governance standards.
• Work with stakeholders across the business to remediate any data gaps identified for Loss Given Default modelling. Specifically collections, recoveries and collateral data.
• Complete updates to the Bank's regulatory annual self-assessment for IRB. Own, maintain and deliver remediation plans for any identified gaps.
• Produce model documentation and reports in accordance with internal standards.
• Carry out ongoing model maintenance including Annual Model Reviews, recalibration and ad-hod model testing.
• Present model methodologies and results to relevant stakeholders to senior management level committees.
• Deliver training for complex model methodologies to stakeholders including Senior Management.
• Operates in line with the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring appropriate and timely escalation of any concerns to their line manager

What we're looking for

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...

• Relevant experience working in financial services, including IRB model development and data analysis. Both Retail and Corporate IRB models preferable but not essential.
• Solid understanding of IRB regulation (CRR, EBA, PRA).
• Have strong analytical skills and numerical skills, specifically statistical modelling and validation techniques.
• Hands on experience with one or model statistical data programmes such as SAS/SQL/R.
• Be proactive and able to act on their own initiative.
• Deliver high quality outcomes.
• Have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing.
• Have excellent attention to detail.
• Be a strong team player, able to work in an organised yet flexible manner.

Why join Handelsbanken

We want everyone at Handelsbanken to feel supported, motivated, and able to do great work. That's why, alongside brilliant colleagues, meaningful work and training and development opportunities, we provide a variety of benefits designed with your wellbeing in mind.

In addition, there is a flexible benefits package with the key highlights detailed below.

Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken Talent Acquisition Partners will be reviewing your details and will later organise a phone conversation if your experience aligns with our requirements, we will extend an invitation for you to participate in an interview.

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

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