Senior Impairment Modelling Analyst
Location: Chatham/London/Bradford/Petersfield
Salary:
Closing Date: Thursday 23 May 2024
Senior Impairment Modelling Analyst
Location: Bradford, Chatham, Petersfield or London
Working Pattern: Our working style is hybrid, but we recognise the importance of
collaborative working with our colleagues often 2 days per week in one of our offices
Benefits: Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 1 paid day to ‘give back’
Don’t hesitate to apply for a role even if you don’t meet all the criteria; your unique strengths and eagerness to learn can be just as valuable.
You and Your Team:
Reporting to our Impairment Models Manager, you will be responsible for driving business performance by delivering high quality analysis and insights on the performance of the IFRS 9 modelling suite and its associated risks.
Using a logical mindset alongside coding and modelling skills, you will help shape the future of the impairment team. Working closely with the Finance and the Credit risk teams to provide support to monitor, maintain, and develop the IFRS 9 modelling suite. A key element of the role will be supporting with the BAU month-end model runs, whilst also looking for opportunities to develop and continuously improve the performance of the models.
In your day-to-day role, as a Senior Impairment Modelling Analyst, you will:
1. Understand all components of the new IFRS 9 modelling suite.
2. Support month-end model runs.
3. Monitor the modelling suite to identify emerging trends in the data and identify areas of weakness which require intervention.
4. Enhance segmentation and support the models manager with model validation findings that may require finance remediation, internal controls and model monitoring.
5. Work with BI/MI teams to understand how we use their data and identify opportunities to improve efficiency and data accuracy.
6. Work with models and Impairment manager to help build Power BI month-end reporting suit for the Moneybarn portfolio.
7. Provide fast and high-quality data and analysis explaining the key drivers of outputs from the IFRS 9 modelling suite. Regular and advanced use of SQL, SAS and excel.
8. Help identify and solve data issues, where they exist.
9. Support regular model recalibrations when called for in conjunction with Credit Risk.
10. Work closely with internal and external model review teams to provide analysis to support model assurance.
11. Drive a culture of continuous change and improvement.
12. Adhere to the FCA conduct rules.
What will make you stand out?
13. Proven experience with SQL
14. A very good command of SAS (Base/EG/Miner)
15. Strong Excel skills together with analytical capability
16. Degree in a numerate or analytical subject (Mathematics, Statistics, Computer Science, Economics, Physics, Engineering, Accounting, Finance or similar).
17. Ability to work to tight deadlines, delivering practical solutions and perform in a pressurized environment.
Desirable:
18. Previous experience within a credit risk or modelling function
19. Able to articulate complex mathematical/statistical ideas to a non-technical audience
Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.
As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.
Your working life: If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.
Why work for us?
Back in 1880, our founder, JK Waddilove started to provide factory workers in Bradford, with essentials, when others wouldn’t, like coal and clothing.
Times have changed since then, society has moved on, and our market and customer needs have evolved. What has not changed though, is our long-established desire to help put people on a path to a better everyday life.
Today we have stayed true to our purpose, just as we’ve always done, in our communities, for our customers, in an evolving and changing world.
It’s why we are here, it’s how we will stay, and as Vanquis Banking Group, we can look to the future, and look back at our past with pride.
At Vanquis Banking Group we believe in looking after our colleagues, so we do our best to create a rewarding, engaging, and supportive work environment across our various divisions.
We let our colleagues know we appreciate their hard work by offering competitive salaries, benefits, and a Group wide recognition scheme. All colleagues are eligible to join a pension scheme, and, after six months’ service, you can join our ‘Save as you Earn’ and 'Buy as you Earn' schemes.
We offer a range of training and development opportunities to help each of our colleagues maximise their potential, whatever their role. From your first day working with us, we’ll help you settle into your new role and are happy to talk to you about your career aspirations.
Equal Opportunity Statement
Here at Vanquis Banking Group, we embrace everyone’s unique strengths and identities to be themselves at work. Regardless of how you identify yourself, your sexual orientation, martial or civil partner status, race, colour, nationality, ethnic or national background, faith, disability, or age – your experiences and background help enrich our teams, and most importantly help support our customers in the best way possible. At the end of the day, its our people that help us to fulfil the reason why we’re here in the first place: to help put people on a path to a better everyday life.