Credit Risk Modelling Manager

Job Description

What will your ‘typical’ day look like? Different that’s for sure…:

Atom bank is on a mission to secure an A-IRB waiver, revolutionising how we manage credit risk and define our capital requirements. As a Credit Risk Modelling Manager, you’ll play a pivotal role in this journey, driving the next generation of our credit risk regulatory models. This is your chance to lead, innovate, and make a significant impact on our core financial resilience.

Lined into the Chief Credit Officer - Modelling, you’ll be a key figure in our IRB Project & Modelling team.

What you’ll be doing:

• Lead Model Delivery: Drive the development, implementation, and management of critical credit risk regulatory models (PD, EAD, LGD for A-IRB, and IFRS9), ensuring timely delivery and strategic impact.
• Expert Calibration & Improvement: Take charge of calibrating and realigning models, and continuously enhance our development, monitoring, and validation methodologies.
• Regulatory Assurance: Ensure all models meet stringent external regulations (especially CRR for A-IRB) and internal policies, collaborating closely with the Independent Model Validation team.
• Team Leadership: Lead, coach, and mentor a talented team of modellers, fostering their growth in technical and regulatory compliance matters.
• Strategic Communication: Present complex model developments, changes, and monitoring results to senior stakeholders, including at the Model Risk Committee.
• Data Mastery: Leverage your extensive experience in data manipulation and mining to extract powerful insights for model development.

What do we need from you?

• In-depth knowledge and practical experience in developing PD, EAD, and LGD models for IRB, as well as IFRS9 models across various lending portfolios.
• Hands-on experience developing linear and logistic regression models using SAS, R, Python, or similar tools.
• Experience managing and coaching a team of analysts, modellers, or data scientists.
• Strong knowledge of CRR with respect to A-IRB and credit risk models, including best practices for their development and maintenance.
• Awareness of advanced supervised machine learning techniques (e.g., decision trees, random forests).
• Ability to present complex analysis clearly and persuasively to diverse audiences.
• Excellent ability to manage and prioritise complex modelling projects.

What you’ll get from us:

• Flexible hybrid working.
• 4-day work week
• Annual Share Option – performance-related
• Incredibly generous company pension scheme (maximum of 13% of Atom input – you can put in more)
• ‘All About Me’ fund: £200 per year to spend on personal development.
• 22.5 days annual leave plus public holidays
• Private Medical Insurance, Health Cash Plan & Life Insurance
• Electric Vehicle Scheme

PLEASE NOTE: You must have the legal right to work in the UK to apply for this role as Atom is unable to support Visa Applications/Sponsorship

Atom is an equal opportunities employer. We value you as an individual and therefore disregard race, religion/belief, gender, sexual orientation, maternity/pregnancy, age, gender reassignment, marriage/civil partnership and disability in any hiring decisions we make. Atom will always adhere to the Equality Act 2010.

All roles within Atom must adhere to the Conduct Rules as set out by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA)

As part of Atom bank’s commitment to the FCA’s Consumer Duty, Atom will, take all reasonable steps to avoid causing foreseeable harm to customers, take all reasonable steps to enable customers to pursue their financial objectives and act in good faith.