Head of Price Optimisation, Mortgages

Natwest; Easter Howgate; On-site; GBP 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a Head of Price Optimisation in Mortgages. This high-profile role involves leading a team of data scientists and software engineers to enhance pricing strategies and distribution systems. You will collaborate with senior stakeholders and internal teams to develop innovative pricing solutions using advanced methodologies like game theory and behavioural economics. Your expertise in data science and optimisation algorithms will drive impactful decisions that improve yield and return on equity. This is a unique opportunity to shape the future of pricing in a dynamic financial environment.

Qualifications

• Strategic thinker with advanced mathematics or computer science qualification.
• Experienced leadership in analytical data science in financial services.

Responsibilities

• Lead and manage price optimisation and distribution capabilities.
• Automate production of pricing scenarios through in-house software applications.

Skills

Strategic Thinking

Advanced Mathematics

Price Optimisation Methods

Model Risk Management

Analytical Data Science

Leadership

Education

Degree in Mathematics or Computer Science

Tools

Python

SQL

Snowflake

Tableau

Airflow

Amazon SageMaker

Kafka

React

Job description

Join us as Head of Price Optimisation in Mortgages

• This is a high profile opportunity that will see you enabling the optimised price setting and distribution of agreed pricing into wider bank and sourcing systems
• We’ll look to you to lead and coach a team of data scientists and software engineers to design, build and implement optimisation capabilities using enterprise-wide tooling within the bank
• You’ll have the chance to partner with a range of senior stakeholders across the business, allowing you to grow your network and profile

What you'll do

We’ll be asking you to take a lead role in developing and managing price optimisation and distribution capabilities for the business area’s products, with consideration for customer, financial and risk outcomes. You’ll enable the application of game theory, demand data, competitor moves and behavioural economics within an optimiser application and user front end to minimise user data input, and deliver output summaries to assist with pricing proposal development and engagement with the business.

Your other key responsibilities will include:

• Automating baseline production and simplifying the production of pricing scenarios through in-house software applications
• Partnering and collaborating with key internal data and financial modelling teams to ensure appropriate price elasticity and profit models support and delivery to enable price optimisation
• Ensuring close collaboration with data, technology and modelling teams in the bank to manage the alignment in tools, data, methodologies, learning and development
• Making sure that all model risk and software development governance is followed as part of risk management
• Partnering with technology and operational partners to ensure the operational quality of system resilience, data quality and data transfer for price distribution

The skills you'll need

You’ll need to be a strategic thinker with an advanced mathematics or computer science qualification. With excellent knowledge of price optimisation methods and multivariate techniques, you’ll also bring knowledge and experience of model risk management and model or software development governance.

As well as this, you’ll demonstrate experienced leadership of commercial impact through the application of analytical data science in financial services, deploying strategies to improve yield and return on equity.

We’ll also be looking for:

• Knowledge and experience of optimisation algorithms and continuous optimisation frameworks
• Knowledge and experience of computing game theory and behavioural economics
• Experience in data science and big data technologies including delivery with technology and infrastructure teams
• The ability to translate strategic vision into practical roadmaps, plans and delivery
• Knowledge of some of the specific technologies we leverage would be an advantage and these are; Python, SQL, Snowflake, Tableau, Airflow, Amazon SageMaker, Kafka and React