Quantitative Analyst in Retail Risk Methodology – Milton Keynes
This role is based in Milton Keynes within the Retail Methodology Team, focusing on model development and monitoring across mortgage, personal loan, bank account overdraft and credit card portfolios.
Responsibilities
* Work independently to deliver model development and monitoring projects to deadlines.
* Write technical documentation describing model development in detail.
* Analyse the performance of the new model and any challenger models.
* Assess adherence to the relevant regulatory environment (e.g., Basel, IFRS9).
* Ensure models are fit for purpose in line with company strategy and aims.
* Present model development to approval committees.
* Monitor model performance for in-force models.
What you’ll bring
* Track record of successful delivery in a statistical analysis or modelling role, preferably in a Banking environment.
* Proven ability to conduct statistical analysis in SAS, SQL, R or Python.
* Experience interpreting technical documentation and producing written reports that convey technical information accessibly for specific audiences.
* Knowledge of regulatory compliance requirements such as Basel or IFRS9.
* Degree level education in a quantitative field; postgraduate qualification/PhD is advantageous.
What else you need to know
This role is based in Milton Keynes. The organisation supports hybrid working with an expected attendance in the office of at least 12 days per month (pro-rata for part-time roles). Consider travelling distance, time and cost from home to the office during the application process. Specific working patterns can be discussed during recruitment.
Inclusion
Santander is committed to a thriving, diverse workplace where all colleagues belong and succeed. We celebrate diversity and strive to attract, retain and develop talented people through the values of Simple, Personal, and Fair.
How we’ll reward you
* £500 annual cash allowance to spend on our benefits.
* Eligible for a discretionary performance-related annual bonus.
* Company pension contributions: 8% of salary, up to 12.5% with employee contribution; cash alternatives available.
* 27 days’ holiday plus bank holidays (28 days after 5 years), with option to purchase up to 5 additional days.
* Digital health services, including GP access.
* Death-in-service benefit, income protection, and discounted life assurance options.
* 24/7 employee discount platform across various categories.
* Voluntary healthcare benefits at discounted rates (medical and dental insurance, health assessments).
* Share plans and opportunities to benefit from Santander’s success.
* Support for charitable giving and community partnerships.
* Access to staff product versions (e.g., Edge Current Accounts and Credit Cards) and other discounts.
What to do next
If this sounds like a role you’re interested in, please apply. If you require recruitment process accommodations, contact resourcing@santander.co.uk for assistance.
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