Impairment Ops Specialist

2022 - Chief Operating Office; Glasgow; Hybrid; GBP 45,000 - 57,000; Full time

Job summary

A leading financial institution in Scotland is seeking a data-focused professional to drive improvements in financial processes. The ideal candidate will have expertise in SAS and experience in credit or financial risk. This role offers a competitive salary, hybrid working opportunities, and various benefits to enhance your career and well-being.

Benefits

25 days holiday, increasing to 30

Private medical insurance

Competitive pension

Performance-related bonus

Training and development

Flexible benefits scheme

Life assurance

Up to 2 days paid volunteering annually

Qualifications

• Fantastic technical proficiency in SAS for complex data environments.
• Understanding change management principles in dynamic environments.
• Prior exposure to credit risk or financial risk regulation.
• Experience managing databases with different data sources.
• A curious nature enjoying problem-solving.

Responsibilities

• Drive improvement in processes for better customer outcomes.
• Identify processes to simplify and reduce operational risk.
• Build data quality rules for impairment data.
• Create provisions MI reports for production runs.
• Add insights to the provision calculation process.
• Represent the Ops team in stakeholder meetings.
• Own workload and support team planning.
• Provide support to team members when needed.

Job description

Business Unit: Finance
Salary range: £45,600 – £57,000 Max per annum
Location: UK Hybrid with occasional travel to a key hub when required
Contract type: Permanent

Our Team

Financial Data & Analytics owns many existing data-led production processes and is establishing a centre of excellence to enhance the use of data within Finance. Within the Operations team you’ll help to drive continuous improvement and have the chance to bring new ways of working to life within the team. We are the perfect team to see every product, every customer, all the time, whilst learning every day about data and the value it will bring. We are a remote team in multiple locations and will meet infrequently at Hub sites, but we are part of a bigger team with critical masses in Glasgow and Leeds for regular colleague interaction.

What you’ll be doing

• Driving improvement in existing processes to enable better outcomes for our customers.
• Continually assessing and identifying processes/code to promote simplification and automation, reducing any operational risk inherent in the current environment.
• Building data quality rules to ensure data used in Impairment is fit for purpose.
• Adding insights for trends in provisions data.
• Building provisions MI reports fit for production runs of the Impairment figures.
• Adding insight to the provision calculation process and challenging inputs and assumptions proactively.
• Representing the Ops team at various stakeholder/change management meetings.
• Take ownership of own workload and support team planning and prioritisation.
• Providing support to other members of the team when required.

We need you to have

• Fantastic technical proficiency in SAS, with the ability to apply it effectively in complex data environments.
• Understanding of change management principles, particularly in dynamic environments where processes are continuously evolving.
• Prior exposure to credit risk, financial risk regulation, or related data domains. While the learning curve may be steep, we provide support to help you succeed.
• Experience in managing databases and dealing with the complexities of different data sources.
• A curious nature - we need you to enjoy solving problems.

It’s a bonus if you have but not essential

• Experience of IFRS9 ECL and/or AIRB RWA
• SQL/Azure practical knowledge
• Credit risk modelling exposure – how models work and how they sometimes do not.
• Power Platform development examples to share.
• An understanding of how to control change. Our processes are continually evolving and improving, but this needs to be done in a controlled way.

Red Hot Rewards

• 25 days holiday per year, increasing over time to 30. Plus, an option to buy more, giving you even more choice.
• Private medical insurance
• A highly competitive pension to help you build a strong foundation for retirement
• Access to an annual performance-related bonus
• Training and development to help you progress your career
• A great selection of additional benefits through our flexible benefits scheme
• Life assurance to provide peace of mind for you and your loved ones
• Up to 2 days of paid volunteering a year

If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.

Say hello to Virgin Money

Virgin Money is so much more than just a bank. As part of the Nationwide group, together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.

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As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team [e-mail]

Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.

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Although some of our roles allow you to be based anywhere in the UK, we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.