The Homes & Communities Agency (HCA) is the government's housing, land and regeneration agency, and the regulator of social housing providers in England. HCA is an executive non-departmental public body, sponsored by the Department for Communities and Local Government (DCLG). The £3bn Home Building Fund administered by HCA, launched on 3rd October 2016, alongside the £290m Estate Regeneration programme. This provides government supported development and infrastructure finance to increase the number of new homes being built in England.
Purpose of the Role
Give a brief overview of the job, its context in the HCA and the contribution it makes
The HCA also has responsibility for the delivery of the £10 billion Housing Guarantee Schemes on behalf of DCLG, through the Affordable Housing Guarantee Scheme (AHGS) and the Private Rented Sector Guarantee Scheme (PRSGS).
The purpose of the role of the Senior Risk Specialist - Credit Modelling in the HCA's Risk Directorate to lead the design, and development of impairment modelling for IFRS9, alongside the enhancement of the Agency's Credit Risk Modelling across the HCA's various programmes including the Government's new £3billion Home Building Fund and the Housing Guarantees programmes.
The post holder will be involved on the design, development, documentation and monitoring of Credit Risk Models in line with IFRS9 and under guidance of colleagues within Risk and other teams including Finance.
Main Duties and Key Accountabilities of the jobholder
List the main duties below
The Senior Risk Specialist - Credit Modelling role's main duties and responsibilities are to lead the design and development of IFRS9 compliant Impairment Models in line with specifications. You will also have the opportunity to influence the creation and proposal of new risk rating methodologies, including Basel III Credit Risk Slotting. Other responsibilities will include:
Develop accurate, statistically validated credit risk model methodologies while managing the agreed model build, validation and governance process;
Evaluate the quality of the data, and communicate any issues with interpretation of subsequent analyses;
Undertaking research for potentially new and existing credit risk modelling improvements, regulatory recommendations and techniques;
Evaluate the business impact of proposed new model implementations through sensitivity analysis of parameters used in capital calculations;
Support the regular reporting and monitoring required to ensure that all models remain appropriate for the portfolio;
Working on a range of analytical projects;
Support the team when preparing for the internal approval of credit risk models;
Support the team to ensure that the model and all impacts of model developments / changes are fully documented, communicated, understood, aligned and approved by the impacted Business
Units and Heads of Risk ; and
Participate in Credit Risk Modelling governance and technical forums where required.
Responsibilities may also cover other aspects of the Investment Programmes, including:
To assist in the identification and management of risk concentrations and adverse trends, including bad and doubtful debt, large exposures, recommending action where appropriate;
Effective monitoring of key risk indicators;
Create, deliver and maintain credit risk management tools and processes.
Working Relationships and Contacts
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The post holder will maintain good working relationships with a range of key partners both within and outside the HCA. The post holder should maintain strong links with internal staff and pass on knowledge, skills and experience in connection with successfully undertaking this role. The post holder will also be expected to have contact with officials at DCLG and possibly other Government Departments.
Qualifications (academic and professional, knowledge, skills and experience required to do the job
Qualifications (academic and professional)
Essential: Degree level qualification in a numerical or statistical subject or equivalent experience; and
Desirable: Qualified Banker (e.g. Chartered Banker) or Accountant (e.g. ACA or ACCA qualification).
Knowledge, Skills and Experience
A high level of professional competence which helps determine solutions around appropriate risk measures, risk processes, risk monitoring and management;
Experience within an analytical environment of building PD, EAD and LGD models;
Practical application of statistical modelling techniques;
Strong communication skills and technical capability;
Experience of using relevant software packages, i.e. SAS / SQL / Microsoft Excel / VBA;
Strong Microsoft Office skills e.g. Excel, Word, Power Point and Access;
Strong stakeholder management skills;
Ability to assess risk trends both internally and externally;
Independent problem solving and analytical skills;
Ability to form effective relationships and achieve influence in the organisation;
Capacity to form and articulate the case for risk management and translate this into an understandable case in the language of HCA;
Ability to work to tight deadlines;
Relevant product knowledge including Loans and Mortgages;
UK housing market: new build, rented and affordable segments;
Public policy, public financing or regulatory experience, especially land and property.
HCA Competency Framework
Considers and understands own role and contribution in delivering the HCA priorities and the bigger picture.
Looks for patterns and relationships across differing and varied sources; continually develops clear strategies and plans for the future
Challenging the conventional way of doing things
Generates new ideas and commercial solutions in order to improve performance and delivery.
Analysis and Planning
Thinks logically and analytically to get to the core of problems; manages and assimilates complex information resulting in effective decisions based on sound commercial knowledge and expertise.
Works quickly and accurately through the planning and prioritising of own workload whilst overseeing and driving that of the team.
Networking and Influencing
Proactively develops robust relationships with stakeholders and partners; creates and develops these relationships to increase and broaden spheres of own and HCA influence.
Shows sound emotional maturity which has a positive impact when working with stakeholders.
Communicates with others clearly, concisely, confidently, with consideration and respect in a way that engages the audience and achieves the desired result.
Focus on results
Achieves results through a positive approach.
Focuses on goals and targets.
Looks critically at systems, policies, processes and procedures.
Is able to contextualise KOPs and use to drive successful outcomes and improvements.
Enables effective teamwork by encouraging the team to achieve more through combined efforts than by the sum of all their individual parts.
Ensures Performance Management processes are used to support and improve staff development, competency and results.
Standard to all HCA role profiles
To adhere to the HCA's Equality and Diversity and Equal opportunities policies in all activities and to actively promote equality of opportunity.
To be responsible for your own health and safety and that of your colleagues and all others in the workplace, in accordance with HCA Health and Safety policies.
To demonstrate HCA core values in all working relationships within the workplace
To work in accordance with the HCA Data Protection Polices and adhere to the HCA Freedom of Information policies where appropriate.
To undertake such other duties as may be reasonably expected.
Additional Information: We are looking for a strong risk analyst with experience of PD and LGD model development to join our growing risk function and help us prepare for IFRS 9. We are not a regulated Banking entity, but this role would suit a candidate with modelling experience gained in the financial sector, who is looking to work in the public sector. You will need to be able to apply your experience to develop risk measurement models for the housing sector with limited supervision.
For more information and to apply, please download an application form by clicking apply for job.