Business Unit: Model Risk and Analytics Salary range: £60,000 - £75,000 per annum Location: UK Hybrid - With occasional travel to a hub Contract Type : Permanent (full time) Our Team IFRS9 and Stress Testing team work at the intersection of Data Science, Statistical Modelling and Economics within Virgin Money’s Model Risk and Analytics function. We use data to support the business through model building used for regulatory reporting or providing actionable insights from the data. We draw on statistical modelling techniques to produce the best possible predictive models. What you’ll be doing Operate as a modelling expert across all modelling projects and wider business development within IFRS9 and ST team. Lead the scoping, design, development, validation and implementation of credit risk models for unsecured Retail portfolios, in line with Bank standards and regulatory compliance requirements. Independently leading statistical analysis to ensure the unsecured Retail portfolios loss provision models currently in operation remain robust and fit for purpose. Leading key discussions and presenting analytical findings and solutions to a range of stakeholders both within and external to the modelling area. Provide first-class model documentation and recommendation papers to governance committees. Managing a small team of analysts and responsible for their career development. We need you to have Experience in model development and model life cycle management. Familiarity of a variety of modelling techniques with experience of applying them, ideally in credit risk environment. Experience in stakeholder management, building trusted relationships internally and externally including conflict/challenge management. Experience in leading a small team in a fast-moving environment including effective resource management, positive behaviours and performance. Team building mindset, willing and able to coach junior colleagues and share knowledge. Expertise in the use of statistical analysis software (e.g. SAS, Python or R) as well as MS Office. Excellent communication, listening and writing skills. Ability to articulate complex technical concepts to non-technical specialists. It’s a bonus if you have but not essential IFRS9, Stress Testing Regulatory reporting knowledge. High level qualification in Mathematical/Statistical/ Economic discipline. 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 the Nationwide 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 Although some of our roles allow you to be based anywhere in the UK, 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.