Business Unit: Model Risk and Analytics
Check below to see if you have what is needed for this opportunity, and if so, make an application asap.
Location: UK Flexible
Contract type : Permanent
Stress Testing and IFRS9 Models 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 or providing actionable insights from the data. Providing input into the scoping, design, development, validation and implementation of credit risk models, in line with Bank standards and regulatory compliance requirements
Independently leading statistical analysis to ensure the Retail and Business loan loss provision models currently in operation remain robust and fit for purpose
Experience of model development projects with an understanding of model usage and business requirements
Practical experience of interpreting complex data utilising strong analytical skills, ideally demonstrated by a good degree in a numerate discipline subject (e.g. statistics, maths, engineering, econometrics)
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. Proficiency in determining priorities and participation in the planning process.
Good coaching skills to enable you to upskill junior colleagues.
It’s a bonus if you have but not essential
Knowledge of economical processes, ideally with some experience of economic time series analysis
Functional Risk and Regulatory knowledge ideally within IFRS 9 and/or IRB and Stress Testing
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.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. 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.It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. Now the legal bit
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.