Modelling Analyst

Virgin Money; London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A leading company in the financial sector is seeking a Model Monitoring Analyst to join their IFRS 9 and Stress Testing team. The role involves monitoring model performance, developing dashboards in Power BI, and collaborating with various stakeholders to ensure effective model usage. Ideal candidates will have strong analytical skills and experience in model monitoring and development. The position offers a hybrid work arrangement, competitive salary, and generous benefits from day one.

Benefits

Generous holidays – 38.5 days annual leave

Up to five extra paid well-being days

20 weeks paid, gender-neutral family leave

Market-leading pension

Private medical cover

Income protection

Life assurance

Flexible benefits

Qualifications

• Good knowledge of stress testing frameworks and methodologies.
• Experience in model monitoring and development.

Responsibilities

• Monitor and support stress testing and macroeconomic models.
• Develop and maintain Management Information dashboards in Power BI.
• Present insights to governance committees and stakeholders.

Skills

Analytical Skills

Communication

Tools

Power BI

SAS

R

Job description

Business Unit:

Model Risk & Analytics, IFRS 9 and Stress testing

Salary range:

£26,400 - £33,000 per annum DOE + benefits

Location:

UK Hybrid (London 1 day a week)

Contract type:

Permanent

Our Team

We have an exciting opportunity in our IFRS 9 and Stress Testing team in Model Risk & Analytics. The Model Monitoring Analyst plays a key role in maintaining and monitoring the performance of VMUK's IFRS 9, macro-economic, and stress testing models, used for forecasting loan loss provisions and capital requirements under various scenarios, including regulatory stress tests. This role involves working across retail and business asset classes, supporting model calibrations, IFRS 9 monitoring, macroeconomic monitoring, and presenting findings to stakeholders.

What you'll be doing

1. Monitor and support stress testing and macroeconomic models across Retail and Business portfolios, including IRB and IFRS 9 environments.
2. Develop and maintain Management Information (MI) dashboards in Power BI to track model performance.
3. Collaborate with the model development team to understand and implement MI requirements.
4. Gather stakeholder feedback to ensure MI meets business needs.
5. Present insights to governance committees and stakeholders.
6. Identify and address model performance issues, embedding learnings from evolving requirements.
7. Work closely with credit risk modelling, finance, and business teams for insights and feedback.
8. Support the operational aspects of the credit stress testing team regarding model usage.

We need you to have

1. Good knowledge of stress testing frameworks and macroeconomic model methodologies for Retail and Business credit portfolios.
2. Experience in model monitoring and development using Power BI, SAS, and R.
3. Proficiency in developing MI dashboards with Power BI.
4. Excellent analytical skills and attention to detail.
5. Strong communication skills for conveying complex methodologies and findings.
6. Ability to liaise effectively with model development teams and stakeholders.

It's a bonus if you have but not essential

• Python experience

Red Hot Rewards

• Generous holidays – 38.5 days annual leave plus options to buy more.
• Up to five extra paid well-being days per year.
• 20 weeks paid, gender-neutral family leave (52 weeks total).
• Market-leading pension, private medical cover, income protection, and life assurance.
• Flexible benefits including Cycle to Work, wellness assessments, and critical illness cover.

These benefits start from day one.

Interested?

If you're curious about this role, apply soon as we may close the advert early if interest is high. We support flexible working arrangements.

About Virgin Money

We aim to be the UK's best digital bank, with a heritage of over 180 years. We're customer-obsessed, innovating to make banking better and more memorable for our customers. Join us to Live a Life More Virgin, with flexibility and choice in how you work.

Our Culture

We value diversity and inclusion, creating a safe and inspiring environment where everyone can contribute. As a Disability Confident Leader, we support applicants with reasonable adjustments. If you need support with your application, contact our Talent Acquisition team.

Legal & Compliance

Roles are flexible across the UK, but you must have the right to work there. Successful candidates will undergo checks, including credit, criminal record, and references, with additional checks for senior roles.