Manager, Collateral Risk | Bank of England Careers in London

Manager, Collateral Risk
Job: Full Time
London, United Kingdom

Job Description
We are recruiting for a Scale E manager to join the Collateral Risk Management team in FRMD. This is an exciting opportunity to work at the heart of FRMD’s mission

Responsibilities:

• Developing the policy and methodology for valuing and assessing the financial risks of the assets placed as collateral as well as assessing whether the Bank should accept new types of loans – in raw form or securitised – as collateral;
• Deciding the appropriate haircuts to be applied to those assets to protect the Bank against the risk of losses in the event that a counterparty defaults;
• Assessing the risk management of the counterparties that deliver these assets;
• Contributing to the Bank’s capacity to manage and sell these assets upon a counterparty default – working where relevant with Resolution Directorate and other stakeholders

Requirements:

• A technical understanding of modelling credit risk for corporate or retail / consumer loans;
• A strong understanding of securitisations (including key rating drivers, asset and liability analysis, legal documentation review and regulation);
• Working knowledge of rating agency methodologies for assessing corporate or consumer loan securitisations.

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Bank of England