Asset Risk Senior Risk Modeller

Motability Operations Limited; Greater London; On-site; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Annual discretionary bonus

15% pension (non-contributory)

Life assurance 4x salary

Employee Discount Scheme

Salary Sacrifice for Electric/Hybrid

Cycle to Work Scheme

28 days annual leave (buy/sell)

Private Medical Insurance

Critical illness insurance

Healthcare apps (Peppy, Unmind, Aviva)

Health screening for over 50s

Volunteer day

Company allotment access

Prayer room and quiet spaces

Job summary

Motability Operations Limited seeks an experienced Asset Risk Senior Risk Modeller to forecast key financial risks including residual value, SMR, insurance pricing and economic capital. You will own and challenge model components, ensuring robust health, governance and alignment with business strategy.

You will lead BAU model delivery, mentor the Modelling Team, and collaborate with business SMEs and external bodies to embed best practices across Asset Risk.

Qualifications

• Degree in Statistics, Mathematics, Economics, Data Science, or related field.
• 3+ years forecasting, data analysis, or related field.
• 3+ years delivering complex model updates with effective communication of outcomes.
• Experience with statistical software and forecasting tools.
• Experience managing complex projects and coaching analysts.

Responsibilities

• Support and inform Asset Risk strategy delivery.
• Oversee model risk management framework health, reporting and auditing.
• Lead critical BAU deliverables for residual value forecasting, maintenance spend, pricing, and economic capital.
• Challenge model components to bridge models with Asset Risk deliverables.
• Drive strategic projects with joint ownership from business SMEs.
• Collaborate with non-modelling teams to own outputs and outcomes.

Skills

Planning

Modelling

Accuracy

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, which has the responsibility for forecasting Motability Operation’s key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing. This role sits in the Asset Risk Modelling Team, operating in a matrix way of working, responsible delivering a strong model risk management framework, and ensuring all forecast models are robustly implemented, operated, enhanced and developed in conjunction with joint ownership for the outcomes and outputs with business SME’s.

Reporting into the Asset Risk Modelling Manager, the role has the following key responsibilities:

• You will proactively support and inform the delivery of the Asset Risk strategy in alignment with the needs of the wider business strategy
• You will work with the Modelling Manager to oversee the operational delivery of the model risk management framework in Asset Risk, ensuring model health, reporting, processing, auditing and reporting requirements are met and provide steer and challenge to ensure improvements are approved and delivered
• You will take the lead and proactively engage with the critical thinking and operational activity needed for the accurate and timely delivery of the critical BAU requirements for all key models associated with residual value forecasting, maintenance spend, customer pricing, and economic capital
• You will maintain a deep understanding of, and be responsible for the challenging of, the model components - design principles, use of data, assumptions, applied statistical and modelling techniques – for the BAU models, helping to create and deliver the effective communication required to bridge the gap between the models and Asset Risk deliverables
• You will take the lead and proactively engage with the critical thinking and activity required to deliver the strategic projects from the Modelling team, ensuring all deliverables and outcomes are jointly owned with business SME’s
• You will work with the Modelling Lead to ensure the Modelling Team are as engaged with explaining and owning the outputs and outcomes as they are with operating and developing our models, and with the equivalent engagement from non-modelling teams
• You will proactively challenge the way we work, and feed into the Asset Risk Strategy roadmap, and support in ad hoc queries where possible
• You will form collaborative relationships to ensure the Model Team deliverables (BAU and strategic projects) are effectively managed and delivered in line with a matrix way of working approach across the Asset Risk Operational Teams and fellow Asset Risk output owners
• You will play a pivotal role in ensuring the AR Operational Teams (Programme, Product, Modelling and Data) work closely with each other to support on cross over areas (e.g. tools) and reduce the opportunity for knowledge gaps
• You will be an effective coach and mentor for the wider Modelling Team, working with the Modelling Manager to ensure the team and individuals have the right skills and development paths to meet the needs of the business.
• You will be an advocate for Asset Risk, and work with colleagues around the business to promote best practices and skills & knowledge sharing.
• You will proactively work with the Modelling Lead to engage with relevant 3rd parties (industry bodies, commentators and experts) to ensure Asset Risk activities are appropriately aligned 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 skills: Ability to develop solutions for complex financial problems.
• Communication skills: Can explain technical concepts to non-technical stakeholders.
• Commercial awareness: Can understand the business environment, market trends, and the financial impact of decisions to align models with the organisation's strategic goals.

Minimum criteria:

• A degree (Bachelor’s or Masters) in Statistics, Mathematics, Economics, Data Science, or a related field
• Over 3 years of experience in forecasting, data analysis, or a related field
• Over 3 years experience of delivering complex model updates (operational and development) with the 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

About The Company

Motability Operations is a unique organisation, virtually one of a kind. We combine a strong sense of purpose with a real commercial edge to ensure we provide the best possible worry-free mobility solutions to over 800,000 customers and their families across the UK. Customers exchange their higher rate mobility allowance to lease a range of affordable vehicles (cars, wheelchair accessible vehicles, scooters, and powered wheelchairs) with insurance, maintenance and breakdown assistance included. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and work with a network of around 5,000 car dealers and all the major manufacturers. We pride ourselves on delivering outstanding customer service, achieving an independently verified customer satisfaction rating of 9.8 out of 10.

Our values are at the heart of everything we do. They represent ambition, and we look for our people to live and breathe them every day:

• We find solutions
• We drive change
• We care

We operate hybrid working across the organisation where we split our time between working on-site at our offices, and at home, remotely within the UK. We believe hybrid working achieves a good work/life balance for our colleagues, allowing us to connect with each other, collaborate on important work, and perform together to deliver for our customers. It allows us to have the flexibility to work remotely up to 2-days per week whilst also using the great office spaces we have available.

As a Motability Operations team member, you can expect:

• An annual discretionary bonus
• 15% non-contributory pension (9% non-contributory pension during probation period)
• Life assurance at 4 times your basic salary to give you peace of mind that your loved ones will receive some financial help
• Employee Discount Scheme with a huge number of retailers and an app to save on the go
• Discounted Electric/Hybrid Car Salary Sacrifice Scheme
• Access to the Cycle to Work Scheme (we have showers, changing rooms and secure bike sheds on site)

As well as financial benefits, our staff's health and well-being are very important to us, so we also offer:

• 28 days annual leave with option to purchase and sell days
• Funded Private Medical Insurance cover
• Critical illness insurance
• Free access to healthcare apps, such as Peppy, Unmind, Aviva Digital GP
• Funded health screening for over 50s
• 1 day per year to volunteer – Staff can support a local charity or do a sponsored event whilst being paid for it
• Access to our fully accessible company allotment – Where we grow our own produce for local charitable organisations
• Access to Prayer room and quiet spaces whilst working in the office

We also understand that not everyone is the same so offer several voluntary benefits that you can select outside the core package, these include;

• Dental Insurance
• Health and cancer screenings for you and your partner
• Discounted gym memberships
• Charitable giving

At Motability Operations, we believe in building a diverse workforce, where our people are empowered to attend work as their true selves, and we encourage people from all backgrounds to apply. We want to sustain a culture that nurtures, where employees are free to flourish and where they’re rewarded equally, regardless of race, nationality or ethnic origin, sexual orientation, age, disability, or gender.

We pride ourselves on being an inclusive employer and as such, all our offices provide first rate disability access. With our hybrid working environment, we do our best to accommodate part-time and flexible working requests where possible, building on our culture of trust, empowerment, and flexibility.