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Job no: 107499
Work type: Permanent Full Time
Location: Manchester, Leeds City, Head Office - Glasgow, Head Office - Newcastle, Hybrid, Edinburgh
Categories: Risk and Financial Modelling
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 lead statistical analysis to ensure the unsecured Retail portfolios loss provision models currently in operation remain robust and fit for purpose.
* Lead key discussions and present 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.
* Manage a small team of analysts and be responsible for their career development.
We need you to have
* Experience in model development and model life cycle management.
* Familiarity with 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.
* Free private medical cover, income protection and life assurance.
* Flexible benefits including 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.
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.
Advertised: 31 Oct 2025 GMT Standard Time
Applications close: 14 Nov 2025 GMT Standard Time
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