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About
Business Unit: Model Risk and Analytics
Salary range: up to £70,000 per annum DOE + red-hot benefits
Location: UK Hybrid, at one of our local HUBS
Contract type: Permanent
Be the voice we need. Live a life more Virgin.
Our Team
The Model Risk and Analytics (MRA) team, work at the intersection of Data Science, Statistical Modelling and Economics, using data to support the business through model building or providing actionable insights from the data. As part of the IFRS9 and Stress Testing team, you’ll help secure the foundations of our business decisions by providing qualitative and quantitative analysis across our model suites.
As a Risk Modelling Manager, you will lead a small team of modellers and data scientists to develop these models. The team’s focus is on the development, validation, management and monitoring of our models and providing first class support to our stakeholders across Risk and Finance.
What You’ll Be Doing
* Leading the scoping, design, development and implementation of risk models in line with regulatory and Bank standard.
* Delivering optimised risk models for impairment calculation under different economic scenarios.
* Supporting Senior Managers in managing the ongoing performance of the credit risk models in operation, identifying and implementing model enhancements.
* Delivering comprehensive model documentation, presenting outputs to key stakeholders and steering models through governance processes.
* Ensuring ongoing support, maintenance and monitoring of model performance, including annual reviews.
* Taking ownership of selecting the most appropriate modelling methods and recommending refinements where necessary.
* Providing technical leadership, coaching, and mentoring to elevate team capabilities.
* Promoting the use of risk models across the wider business and supporting informed decision making.
We need you to have
* A deep understanding of model methodologies and credit risk frameworks, with hands-on experience in model design and development.
* The proven ability to manage and develop high-performing technical teams.
* Demonstrable knowledge of FCA regulations, governance frameworks, and compliance standards related to credit risk.
* The ability to present complex technical outputs to both technical and non-technical audiences effectively.
* Experience in delivering model risk summaries and recommendations.
* A proven track record in delivering model developments projects within tight timelines.
It’s a bonus if you have but not essential
* Experience steering models through internal and external governance processes
* Proven ability to promote and embed risk models across wider business functions.
Red Hot Rewards
* Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
* Up to five extra paid well-being days per year .
* 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
* Market-leading pension.
* Free private medical cover, income protection and life assurance.
* Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.
Say hello to Virgin Money
Virgin Money is so much more than just a bank. As part of theNationwide group,together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.
Be yourself at Virgin Money
At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society.We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com
Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks
Nice-to-have skills
* Data Science
* Economics
* Birmingham, England
Work experience
* Data Analyst
* Data Scientist
Languages
* English
Seniority level
* Seniority level
Mid-Senior level
Employment type
* Employment type
Part-time
Job function
* Job function
Finance and Sales
* Industries
Technology, Information and Internet
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