Model Development Analyst

TN United Kingdom; London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading company in the financial sector is seeking a Model Development Analyst in London. The role involves designing and maintaining regulatory-compliant models, providing analytics, and supporting risk assessments. Ideal candidates will have strong mathematical and quantitative analysis skills, along with proficiency in data modeling software.

Benefits

Discretionary annual bonus of up to 15%

28 days annual leave plus bank holidays

Access to Private Medical Insurance

Maternity & Adoption Leave – 100% salary for 13 weeks

Paternity Leave – 4 weeks paid within 8 weeks of childbirth

Hybrid working

Cycle Purchase scheme

Technology Purchase scheme

Season Ticket Loan

Qualifications

• Experience in a Risk environment and model validation is desirable.
• Experience in IRB or IFRS 9 projects is desirable.

Responsibilities

• Design, build, and maintain bank models ensuring regulatory compliance.
• Support implementation of models across the organization.
• Conduct risk assessments and stress testing.

Skills

Advanced mathematical skills

Quantitative analysis skills

Data modelling and analysis software proficiency

Strong verbal communication skills

Strong written communication skills

Tools

SAS

WPS

Excel

Word

PowerPoint

Visual Basic

Job description

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We are seeking a skilled and motivated Model Development Analyst to join our team in London. In this key role, you will be responsible for designing, building, and maintaining bank models, ensuring compliance with regulatory standards. If you’re passionate about analytics, model development, and contributing to the strategic success of OSB Group, this could be the opportunity for you.

About Us

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.

Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity, and Inclusion, we encourage differences and recognize that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work. This is supported by our Diversity, Community, and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme.

What you will be doing

In this role, you will provide analytics, model development, and reporting duties for the Models and Ratings team. Specifically, supporting the development and maintenance of regulatory compliant rating systems used for the Internal-Ratings Based (‘IRB’) approach, compliance with IFRS 9 rules, and other models used across the customer life-cycle. You will be directly accountable to a Model Manager for the design, build, and maintenance of bank models, including customer lifecycle models, Basel and PRA compliant IRB models, and audit-approved IFRS 9 models.

• Support the implementation of such models across the organisation and provide expert assistance to ensure practical use, application, documentation, and validation.
• Assist in maintaining IRB status and IFRS 9 compliance, ensuring models are fit for purpose and reliable for credit risk assessment and IFRS 9 reporting.
• Support risk assessments, stress testing, and provide insights into the credit profile, potential impairments, and capital planning.
• Undertake analysis to ensure models meet regulatory and internal standards and perform as expected.
• Develop and monitor IRB, IFRS 9, and other models, ensuring differentiation by asset class for accurate expected loss calculations.

In return for your commitment

We offer a base salary dependent on experience between £35,000 - £55,000, along with a competitive benefits package including:

• Discretionary annual bonus of up to 15%
• 28 days annual leave plus bank holidays
• Access to Private Medical Insurance and Medical Cash Plan
• Maternity & Adoption Leave – 100% salary for 13 weeks, then 50% for the next 13 weeks
• Paternity Leave – 4 weeks paid within 8 weeks of childbirth
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, and more.

Could you be the one?

We are looking for talented individuals with the following experience and skills:

• Advanced mathematical, modelling, and quantitative analysis skills
• Proficiency in data modelling and analysis software like SAS, WPS, or similar
• Excellent IT skills in Word, Excel, PowerPoint, Visual Basic
• Strong verbal and written communication skills
• Experience in a Risk environment and model validation (desirable)
• Experience in IRB or IFRS 9 projects (desirable)

We believe your career progression is unique, and we support our people to become their best selves.

What to do next

If this sounds like you, please apply now! For internal applications, visit our internal careers page. For a confidential chat, contact us via our careers page. Our recruitment process is personalized, aiming to be relevant and conversational.

OSB Group is dedicated to diversity and equal opportunity, promoting inclusion at all levels. We support flexible working arrangements to help maintain a healthy work-life balance.

Applicants must have rights to work in the UK and be willing to undergo pre-employment screening.