Assistant Risk Modelling Manager IND

About us:
OsbIndia (OSBI) is an offshore subsidiary of OSB Group. OSBI was incorporated in 2004 as a key part of the OSB Group’s business strategy to provide operational service support. OSBI works with the Group’s trading brands in the UK, providing exceptional customer support and service delivery to new and existing customers.

OSBI also prides itself on offering operational excellence by devising and utilizing process improvements and functional efficiencies.

1. About One Savings Bank plc
OSB Group the specialist lending and retail savings group began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015.
The Group, which is headquartered in Chatham, Kent OSB is authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
OSB primarily targets underserved market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms, and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending and secured funding lines. It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model. OSB lends through the Kent Reliance, CCFS, InterBay Commercial, Prestige Finance and Heritable Development Finance brands, originating organically through specialist brokers and independent financial advisers.
OSB is predominantly funded by retail savings originated through the long-established Kent Reliance name, which includes online and postal channels, as well as a network of branches in the Southeast of England. Diversification of funding is currently provided by participation in the Funding for Lending Scheme and access to a securitisation programme. Most of the Group’s administrative support functions are performed by its wholly owned OSB India operation, based in Bangalore and Hyderabad, India

2. About OSB India Pvt Ltd
OSB India is an offshore subsidiary of OSB Group, the UK based Challenger Bank. OSB India was incorporated in 2004 as a key part of the One Savings Bank business strategy to provide operational service support.
OSB India works with the Bank’s trading brands in the UK, providing exceptional customer support and service delivery to new and existing customers. OSB India also prides itself for offering operational excellence by devising and utilizing process improvements and functional efficiencies.

3. Job Purpose
The key purpose of this role is to provide both internal and market insights across the Groups Capital and Impairment reports whilst supplying analysis and challenge were applicable and executing on key strategic projects when required. In addition, maintaining compliance across Financial and Operational frameworks as they relate to Regulatory or internal policies within One Savings Bank PLC.

4. Core Responsibilities

• Support the monthly IFRS9 impairment and IRB RWA reporting process with ad-hoc analysis and insights, to help identifying key trends and risks.
• Provide the collection’s operation with insights into their activity whilst assisting in setting priorities.
• Executing on key strategic projects when required whilst managing timelines and stakeholders to ensure a successful delivery.
• Support with IFRS9 core engine code changes whilst providing challenge around trends and deep diving respective impacts and sensitivities.
• Identify areas of weaknesses within the teams’ processes, models and engine suits and design and implement solutions to minimise the residual risk.
• Support in providing commentary and analysis of trends and movements to management via the credit & audit committees, including the regulatory reporting team as required.
• Ensure the Groups model execution Operational risks activities remain compliant, whilst managing all respective stakeholders
• Ensuring that you fully understand and comply with the organisation’s Finance & Risk Management Policies as they relate to your area of responsibility and demonstrate in your day-to-day work that you put customers at the heart of everything you do.
• Ensuring that you fully understand and comply with the organisation’s Data Governance Policies as they relate to your area of responsibility and demonstrate in your day-to-day work that you treat data as an important corporate asset which must be protected and managed.
• Interacting with UK stakeholders, with the ability to gather clear requirements and create relationships.
• Maintain the company’s compliance standards and ensure timely completion of all mandatory on-line training modules and attestations;

5. Experience Requirements

• 7+ years previous experience undertaking a related role within a retail consumer finance environment (in particular mortgage assets) is essential.
• 7+ years previous experience of advanced analysis using Microsoft Excel is essential.
• 7+ years previous experience undertaking advanced SAS and SQL programming is essential.
• 7+ yearsprevious experience of working closely with management functions, experience in producing reporting/analytical output and presenting material effectively is essential.
• Previous experience running impairment or capital processes is desirable.
• Experience in managing priorities and demonstrating leadership within a team.
• Experience of collaborating with remote international stakeholders.

6. Knowledge Requirements

• Exceptional knowledge of using SQL and SAS for reporting and data manipulation is essential.
• Intermediate knowledge of Impairment (IFRS9) or Capital (IRB) is essential.
• Intermediate knowledge and understanding of probability and statistical techniques is desirable

7. Skill and Competency Requirements

• Effective communication skills both written and verbal is essential.
• Ability to write concise reports to deliver feedback to key stakeholders is essential.
• Strong skills in respect of analysis and problem solving are essential.
• Proven ability to learn programming languages is essential

Why join OSBI?

We understand your career and how you progress is as unique as your individual personality. We've created a culture and an environment that encourages personal growth and offers our people opportunities to learn and succeed. Whether you're in the early stages of your career or already have an established profession, we're constantly seeking to hire talented individuals who want to make a difference and grow with us. We're a connected company working together to create a business in which we can all take pride and prosper.
If you want to know more about OSBI, please click on the website link: www.osb-india.com

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