Technology, Information and Internet

Cypher Consulting Europe

1-10

Netherlands

The COO Risk team is central to managing the Bank's complexity, translating intricate banking exposures into risk-weighted assets and provisions, all while adapting to evolving business goals and regulatory requirements. As part of the Credit Risk Modelling organization, we oversee the entire process from defining credit risk modeling approaches to post-production monitoring. This role offers a unique opportunity to join one of Europe’s leading banks in a key position that fosters collaboration, contribution, and growth. If you're driven to collaborate and deliver results, we’d love to connect with you!

## Tasks

We are seeking a skilled Consultant to join our Default Remediation and Loss Given Default (LGD) data team. In this role, you will play a crucial part in ensuring the accuracy and completeness of default and LGD-related data for modeling purposes, from initial data capture through to final data delivery. Your responsibilities will be pivotal in aligning with the latest internal and external regulations.

Key Responsibilities:

*   Historical Data Analysis: Perform in-depth analysis of historical default data to enhance data quality for the wholesale banking portfolios, including Large Corporates, Commercial Property Finance, Project Finance, Lease, Trade Commodity Finance, and Object Finance.
*   Data Collection and Enhancement: Collect, review, and enhance default and LGD data to ensure its completeness and accuracy for use in credit risk modeling.
*   Process Development and Implementation: Assist management in developing and implementing new processes and working instructions to streamline data management and ensure compliance with regulatory requirements.
*   KPI Tracking and Dashboarding: Take responsibility for tracking key performance indicators (KPIs) and creating dashboards to monitor the effectiveness of remediation processes.
*   Support for Ad-Hoc Requests: Provide support to management in handling ad-hoc data requests and help coordinate the planning and backlog of ongoing remediation projects.
*   Regulatory Coordination: Help manage and coordinate onsite inspections by regulators, ensuring that all default data and processes meet required standards.
*   Cross-Team Collaboration: Work closely with colleagues within COO and the Wholesale Banking (WB) area, ensuring that remediated default data is accurate and complete for building WB credit risk models, including those for RWA, ECAP, and IFRS9.
*   Stakeholder Interaction: Regularly interact with GCR account managers and Front Office teams involved with specific problem loans to ensure alignment and accuracy in data used for risk modeling.

## Requirements

*   **Definition of Default Expertise:** Strong working knowledge of new default policies, including forbearance, default indicators, and triggers.
*   **Transaction Reconciliation:** Ability to accurately reconcile transactions (account statements and GL entries) at the facility level, identifying key transactions based on monthly outstanding differences.
*   **Wholesale Banking Knowledge:** Basic understanding of wholesale banking lending products and familiarity with collateral processes, particularly in real estate finance and property validation.
*   **Process Understanding:** In-depth knowledge of front office operations, as well as restructuring and recovery processes within wholesale banking.
*   **Project Management:** Willingness to take on coordinative and project management tasks, ensuring the smooth execution of default data remediation projects.
*   **NPL Experience:** Experience working with Non-Performing Loans (NPLs) and a strong affinity for risk data, particularly in relation to PD, LGD, and EAD models.
*   **Documentation Skills:** Ability to read and interpret loan documentation, identifying terms and conditions related to default events in NPLs, and producing clear, evidence-based documentation.

This is a 6 months contract position for a senior consultant

Employee

Professional / Experienced

The COO Risk team is central to managing the Bank&#39;s complexity, translating intricate banking exposures into risk-weighted assets and provisions, all while adapting to evolving business goals and regulatory requirements. As part of the Credit Risk Modelling organization, we oversee the entire process from defining credit risk modeling approaches to post-production monitoring. This role offers a unique opportunity to join one of Europe’s leading banks in a key position that fosters collaboration, contribution, and growth. If you&#39;re driven to collaborate and deliver results, we’d love to connect with you!
<h2 id="tasks">Tasks</h2>
We are seeking a skilled Consultant to join our Default Remediation and Loss Given Default (LGD) data team. In this role, you will play a crucial part in ensuring the accuracy and completeness of default and LGD-related data for modeling purposes, from initial data capture through to final data delivery. Your responsibilities will be pivotal in aligning with the latest internal and external regulations.
Key Responsibilities:
<ul>
<li>Historical Data Analysis: Perform in-depth analysis of historical default data to enhance data quality for the wholesale banking portfolios, including Large Corporates, Commercial Property Finance, Project Finance, Lease, Trade Commodity Finance, and Object Finance.</li>
<li>Data Collection and Enhancement: Collect, review, and enhance default and LGD data to ensure its completeness and accuracy for use in credit risk modeling.</li>
<li>Process Development and Implementation: Assist management in developing and implementing new processes and working instructions to streamline data management and ensure compliance with regulatory requirements.</li>
<li>KPI Tracking and Dashboarding: Take responsibility for tracking key performance indicators (KPIs) and creating dashboards to monitor the effectiveness of remediation processes.</li>
<li>Support for Ad-Hoc Requests: Provide support to management in handling ad-hoc data requests and help coordinate the planning and backlog of ongoing remediation projects.</li>
<li>Regulatory Coordination: Help manage and coordinate onsite inspections by regulators, ensuring that all default data and processes meet required standards.</li>
<li>Cross-Team Collaboration: Work closely with colleagues within COO and the Wholesale Banking (WB) area, ensuring that remediated default data is accurate and complete for building WB credit risk models, including those for RWA, ECAP, and IFRS9.</li>
<li>Stakeholder Interaction: Regularly interact with GCR account managers and Front Office teams involved with specific problem loans to ensure alignment and accuracy in data used for risk modeling.</li>
</ul>
<h2 id="requirements">Requirements</h2>
<ul>
<li>Definition of Default Expertise: Strong working knowledge of new default policies, including forbearance, default indicators, and triggers.</li>
<li>Transaction Reconciliation: Ability to accurately reconcile transactions (account statements and GL entries) at the facility level, identifying key transactions based on monthly outstanding differences.</li>
<li>Wholesale Banking Knowledge: Basic understanding of wholesale banking lending products and familiarity with collateral processes, particularly in real estate finance and property validation.</li>
<li>Process Understanding: In-depth knowledge of front office operations, as well as restructuring and recovery processes within wholesale banking.</li>
<li>Project Management: Willingness to take on coordinative and project management tasks, ensuring the smooth execution of default data remediation projects.</li>
<li>NPL Experience: Experience working with Non-Performing Loans (NPLs) and a strong affinity for risk data, particularly in relation to PD, LGD, and EAD models.</li>
<li>Documentation Skills: Ability to read and interpret loan documentation, identifying terms and conditions related to default events in NPLs, and producing clear, evidence-based documentation.</li>
</ul>
This is a 6 months contract position for a senior consultant

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