Risk Model Monitoring Senior Analyst - London, United Kingdom - Virgin Money

Virgin Money

Verified Company

London, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Business Unit:
Group Risk, Risk Analytics

Salary Range:
up to circa £40,000 depending on experience.**Location
:Flexible

Contract Type**:
Permanent,

A career with Virgin va-va-voom

Virgin Money is all about disrupting the status quo, taking on the challenges of the future, and saying goodbye to boring banking.

We're on the lookout for like-minded individuals and innovators like you to help push us forward.

We're also transforming howwe work to give our colleagues more choice, control and flexibility to live and work how they choose with
A Life More Virgin.

Here's what it means for YOU:

38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)?
Up to five extra paid wellbeing days per year?
A 35hour working week
20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
Market leading Pension & Private Medical Insurance
Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
Ability to work anywhere in the UK? (where the role allows)

And you get these Red-Hot Rewards from day one

Here at Virgin Money, we take a huge amount of pride in what we do, working seamlessly across all areas to achieve the same goals for the business.

This is an exciting time as we stand up our Risk Analytics Centre of Excellence (RACE).

Our ambition is todrive forward enhanced modelling capability by providing:

-
Consistency:Modelling choices conducted consistently across models removing incoherence between outputs.
-
Best practice sharing: Advanced modelling approaches (e.g. ML, monte carlo simulation, Open Banking data) rapidly shared.
-
Delivery speed: Ability to load balance across a large, centralised team of similar skill set, building on pre-existing data sets and codes and rapidly engage with system implementation.
-
Efficiency:Consolidated model landscape with re-use of engineered and cleaned data and validated code snippets

The Senior Analyst within Model Monitoring and Management is responsible for providing quantitative and qualitative analysis across our model suite, providing solutions supporting the acquisition of new business, risk-based account management and managingthe banks' capital across its Retail and Business portfolios.

Day to day you'll...

Contribute to the enhancement and maintenance of Portfolio & Credit Model reporting tools
Investigation and resolution of credit, data, and MI related issues
Identify opportunities to improve processes, coding efficiency and approaches
Provide ongoing model management through model calibrations and model performance monitoring.
Provide first class model insight and recommendation papers to governance committees explaining complex outcomes in a way that all stakeholders can understand keeping it straightforward
Support the coaching and development of risk analysts, prioritising tasks and developing technical capabilities

There are a few essentials you need to bring

Qualified to degree level in a relevant field or equivalent experience
Experienced in building complex credit MI solutions
SAS / SQL coding experience or equivalent coding languages
Experience in Microsoft Office (Excel, Word & PowerPoint)
Experience in Banking and Risk Management, ideally in an IRB environment
Experience in an environment that drives strong commercial understanding and utilises the interpretation of complex data collation and analysis to identify effective data and systems capabilities.
Strong analytical skills and the ability to solve complex problems independently
Excellent communication, listening and writing skills. An ability to present analysis, both written and verbally, in a clear, concise and confident manner.

The icing on the cake

Degree educated in a data science heavy discipline
Influencing skills; the ability to form arguments and to deliver them effectively
Knowledge of the Basel Capital Requirements Regulation and/or IFRS
Experience of using Tableau or Power BI

We really need you to have the skills and experience listed in the '
There are a few essentials you need to bring'section above, but the rest is just our wish list, so please don't let that put you off applying, we'd love to hear from you

Inclusion at Virgin Money
**Now the legal bit
**Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us.

This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.