Asset Risk Senior Risk Modeller

Motability Operations Ltd; City Of London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading mobility solutions provider in London is seeking an Asset Risk Senior Risk Modeller to manage forecasting risks and develop financial models. You will oversee operations, engage with stakeholders, and ensure model accuracy. Candidates should have a quantitative degree and experience in data analysis and complex model updates. The role supports a hybrid working environment and offers competitive benefits including a pension scheme and health insurance.

Benefits

Competitive reward package including annual bonus

15% non-contributory pension

28 days annual leave

Funded Private Medical Insurance

Cycle to Work Scheme

Employee Discount Scheme

Qualifications

• Experience in forecasting, data analysis, or a related field.
• Experience delivering complex model updates with effective communication.
• Proven experience with statistical software and forecasting tools.
• Experience managing complex projects and coaching analysts.

Responsibilities

• Support the delivery of the Asset Risk strategy.
• Oversee model risk management framework operational delivery.
• Lead critical thinking for delivery of key requirements.
• Maintain understanding of model components and design principles.
• Lead strategic projects with business SMEs.
• Engage with external parties to align best practices.

Skills

Planning

Modelling

Accuracy & attention to detail

Problem solving

Communication

Commercial awareness

Education

Degree in Statistics, Mathematics, Economics, Data Science

Tools

R

Python

SAS

Job description

About The Role

The Asset Risk Senior Risk Modeller role sits in the Asset Risk Function, responsible for forecasting Motability Operation’s key financial risks (Residual Value and SMR, Insurance Lease Pricing, Economic Capital) and producing customer pricing. The role sits in the Asset Risk Modelling Team, operating in a matrix way, delivering a strong model risk management framework and ensuring forecast models are robustly implemented, operated, and developed in joint ownership with business SMEs. Reporting to the Asset Risk Modelling Manager, the role has the following key responsibilities:

• Proactively support and inform the delivery of the Asset Risk strategy aligned with the wider business strategy
• Oversee the operational delivery of the model risk management framework in Asset Risk, ensuring model health, reporting, processing, auditing and reporting requirements are met; provide steer and challenge to drive improvements
• Lead and engage in the critical thinking and operational activity required for accurate and timely delivery of key BAU requirements for models related to residual value forecasting, maintenance spend, insurance, customer pricing, and economic capital
• Maintain a deep understanding of, and challenge, model components — design principles, data usage, assumptions, applied statistical and modelling techniques — to bridge gaps between models and Asset Risk deliverables
• Lead strategic projects from the Modelling team, ensuring deliverables and outcomes are jointly owned with business SMEs
• Collaborate with the Modelling Lead to ensure the Modelling Team is engaged in explaining and owning outputs as well as operating and developing models, with engagement from non-modelling teams
• Proactively challenge current ways of working, feed into the Asset Risk Strategy roadmap, and support ad hoc queries where possible
• Form collaborative relationships to ensure the Model Team deliverables (BAU and strategic projects) are effectively managed in a matrix environment across Asset Risk Operational Teams and other output owners
• Play a pivotal role in ensuring AR Operational Teams (Programme, Product, Modelling and Data) collaborate on cross-over areas (e.g., tools) to reduce knowledge gaps
• Be an effective coach and mentor for the wider Modelling Team, ensuring the right skills and development paths to meet business needs
• Advocate for Asset Risk and promote best practices and knowledge sharing across the business
• Develop collaborative relationships with Asset Risk and wider business leadership, stakeholders, and industry colleagues to align with external best practice
• Engage with relevant external parties (industry bodies, commentators, experts) to align Asset Risk activities with external best practice

About You

• Planning: Ability to coordinate multiple stakeholders, colleagues and deadlines
• Modelling: Ability to understand, operate, and explain complex models
• Accuracy & attention to detail: Ensuring accuracy in models and forecasts
• Problem solving: Ability to develop solutions for complex financial problems
• Communication: Ability to explain technical concepts to non-technical stakeholders
• Commercial awareness: Understanding the business environment, market trends, and financial impact of decisions to align models with the organisation's strategic goals

Minimum criteria You’ll need all of these.

• A degree (Bachelor’s or Master’s) in Statistics, Mathematics, Economics, Data Science, or a related field
• Experience in forecasting, data analysis, or a related field
• Experience delivering complex model updates (operational and development) with effective communication of model outcomes
• Proven experience with statistical software (e.g., R, Python, SAS) and forecasting tools
• Experience managing complex projects and coaching analysts

Desirable criteria

• Experience in the specific industry relevant to the forecasting role (e.g., finance, retail, manufacturing) is highly valuable
• Experience with advanced analytical techniques, including machine learning and predictive modelling

About The Company

Motability Operations is a unique organisation that provides worry-free mobility solutions to over 815,000 customers and their families across the UK. We lease a range of vehicles with insurance, maintenance and breakdown assistance included. We are the largest car fleet operator in the UK and work with a network of around 5,000 car dealers and major manufacturers. We pride ourselves on delivering outstanding customer service, with a high customer satisfaction rating.

Our values are at the heart of everything we do: We find solutions; We drive change; We care. We operate hybrid working across the organisation, mixing on-site office work and remote work within the UK.

As a Motability Operations team member, the benefits you can expect include:

• Competitive reward package including an annual discretionary bonus
• 15% non-contributory pension (9% during probation)
• 28 days annual leave with option to purchase/sell days
• Free fruit and snacks in the office
• 1 day for volunteering
• Funded Private Medical Insurance
• Electric/Hybrid Car Salary Sacrifice Scheme and Cycle to Work Scheme
• Life assurance at 4 times basic salary
• Funded health screening for over 50s
• Voluntary benefits: charitable giving, critical illness insurance, dental insurance, health and cancer screenings for employees and partners
• Employee Discount Scheme with an app
• Access to healthcare apps and volunteering app for all employees
• Generous family leave policies

We are committed to building a diverse and inclusive workforce and supporting flexible working arrangements where possible.