Quant QA, Lending Remediation (VP)

London
Ref: QQAR-0911
To £90K plus Bonus plus Benefits
Large Retail & Corporate Banking group
Debt Products, Structured loans, Commercial mortgage

The Quant QA Team at this major Retail & Corporate Bank seek a quantitative QA Analyst to review remediation calculations & models across cases & projects for their corporate and large retail lending portfolios. This role is key in ensuring that correct redress outcomes are communicated to customers and meet FCA regulatory requirements. You will need good experience of various structured loan products (including annuity loans) gained in a bank and be an expert in Excel & VBA.

KEY TASKS:

  • Lead the definition of the Quantitative approach for Remediation Projects & models
  • Challenging the modelling policy for Remediation in the business
  • Analyse historic performance of debt and working capital accounts
  • Define calculation tools and educate other teams on applying the tool in each customer case
  • Utilise your domain expertise in model inputs to identify whether potential errors need to be regressed.
  • Assess counterfactual redress quantitative models for bespoke redress

ESSENTIAL SKILLS:

  • Highly numerate with a good technical knowledge of Debt Products
  • Good understanding of operational processes for various loan products
  • Expertise in modelling & creating new models
  • Strong banking background across various loan products, annuity loans, commercial mortgages
  • Highly proficient in Excel & VBA with SQL a plus
  • Good numerate degree or masters maths/stats content,
  • Excellent interpersonal skills to liaise with very senior stakeholders
  • Ability to work both independently and drive initiatives forward