Credit Risk Analyst - Milton Keynes
* About The Role
* SALARY: From £34,080 pa dependent on experience
LOCATION: Milton Keynes
HYBRID WORKING: Our current hybrid working policy requires a minimum of 60% of working time to be based in the Milton Keynes office however flexibility is expected to meet the needs of the business and the role.
HOURS / CONTRACT TYPE: Full time fixed term contract ending 31/03/27
CLOSING DATE: 05/02/26 We reserve the right to close the advert earlier If we receive a high volume of applications.
We’re looking for a Credit Risk Analyst who will be responsible for the production of management information used to inform business strategy and ensure the business is operating within risk appetite.
What you’ll be doing:
o Deliver detailed portfolio analysis to evaluate the effectiveness of credit risk strategies and inform future strategic development.
o Lead the annual review and validation of all credit scorecards, including Probability of Default (PD) models.
o Produce high‑quality KPI dashboards and executive-level reporting, including underwriting performance insights and committee reporting packs for the Credit & Lending Risk Committee.
o Support the Credit Analytics Manager and GM – Credit Risk Strategy in designing, testing, and implementing risk models and strategies that assess customer creditworthiness and affordability.
o Develop bespoke, ad‑hoc analysis and reporting using tools such as Tableau, SQL, Python and R, presenting findings clearly and concisely through visual storytelling (e.g., in PowerPoint).
o Contribute to key projects and initiatives, providing analytical input and supporting business testing for new products, systems and strategic changes.
o Monitor Credit Reference Agency (CRA) data quality, investigating anomalies and conducting deeper analysis where inconsistencies arise.
Essential experience & skills
o Strong background in data analytics, with confident use of tools such as MS Excel, Python and Tableau.
o Proven commercial experience within financial services, ideally within a Risk function or similar analytical environment.
o Ability to manage a fast‑paced and evolving workload, balancing routine operational tasks with both short‑term and longer‑term analytical projects.
o Proficiency in SQL and experience with statistical analysis tools is highly advantageous.
o Good understanding of retail financial services products and the expectations of working in a regulated industry.
o Excellent written and verbal communication skills, with the confidence to engage effectively at all levels, including senior leadership.
o Proactive, adaptable and able to respond effectively to changing priorities and business needs.
o Methodical, disciplined and thorough in approach, demonstrating strong attention to detail.
o Capable of interpreting complex problems, developing well‑reasoned solutions and delivering high‑quality outputs under pressure.
What’s in it for you?
Bonus: Discretionary 10% on-target bonus (based on personal and Group company performance)
Pension: Employer pension contribution of 9% (based on employee contribution of 3%). VWFS will pay 6% if employee chooses a 2% employee contribution.
Car schemes*: Choice of Employee Car Ownership (ECO) scheme for petrol/diesel and hybrid vehicles plus car insurance.
OR Company Car scheme for Battery Electric Vehicles (BEVs) plus car insurance cover for you and a partner/eligible family member.
Other benefits: From day 1 we provide income protection, life assurance (4x salary), retail discount vouchers, access to Care Concierge (a service to support carers of adults), along with other salary sacrifice options including a will writing service and cycle to work (subject to scheme restrictions).
Following successful completion of probation, you will have access to private medical insurance for you (with the option to buy additional family cover), access to our loan car scheme for up to 2 cars for your partner or eligible family members (subject to scheme restrictions) and during our annual benefit window you can purchase critical illness cover and dental cover, so you can select the benefits that matter to you.
We invest in our people and are passionate about driving development. You’ll have access to LinkedIn Learning via our Degreed platform as well as a host of professional development programmes and opportunities to build your technical and soft skills so you can further develop your career. We also offer mentoring schemes and reciprocal partnerships recognising that we can all learn from each other in the flow of work.
* About You
* About Us
* Why join VWFS UK?
You’ll have the opportunity to make a difference by helping us to achieve our mission.
Our mission is straight forward; we want to be The Key to Mobility. That means we make getting from A-to-B as easy and simple for as many people as possible. To truly meet the mobility needs of people in a changing world, our offering goes beyond traditional vehicle financing. We do this by providing a range of finance and aftersales products on Volkswagen Group vehicles, as well as developing innovative mobility products designed to solve real problems and support our customers.
No candidate will meet every single desired qualification. If your experience looks a little different from what weve identified and you think you can bring value to the role, wed love to learn more about you!
VWFS is proud to be an inclusive employer and encourages applications from a diverse range of candidates. Diversity, Equity & Inclusion isn’t just a statement for us, we encourage and aspire for all our colleagues to be their 100% self. If you need any reasonable adjustments to assist you with the application and/or recruitment processes, please contact our Resourcing Team.
This role does not meet the UKVI’s criteria for the skilled worker sponsorship route, therefore we are unable to accept candidates requiring sponsorship for this role.