Lead Credit Risk Analyst | S3 | Unsecured Credit Risk | Multiple Locations | Internal Mobility

Santander; Milton Keynes; Hybrid; GBP 59,000 - 89,000; Full time

Benefits offered by this job

Competitive rewards

Wellbeing programs

Hybrid working pattern

Global growth opportunities

Job summary

Santander is seeking a Lead Credit Risk Analyst based in the United Kingdom (Milton Keynes, Manchester or Glasgow). You will shape risk management across Retail Unsecured portfolios, working with stakeholders to implement policy changes and drive robust credit risk strategies.

The role demands SAS/Python expertise, strong communication, and the ability to guide junior analysts. The position offers a hybrid working pattern, competitive rewards, and opportunities for growth within Santander's

Qualifications

• Proven track record of developing, implementing and optimising credit risk strategies across the customer lifecycle (Required)
• Excellent project management skills with experience of owning end-to-end analytical projects (Preferred)
• Awareness of credit industry products and markets (Preferred)
• Degree level in a numerate subject (e.g. Maths, Statistics, Operational Research, Physics, or Engineering, ideally 2:1) and/or equivalent qualifications/experience (Preferred)
• Proven experience of using statistical programming tools, e.g. SAS, Python (Required)
• Understanding of credit bureau data, affordability metrics and regulatory requirements relevant to unsecured lending (Preferred)
• Excellent stakeholder management and communication skills, both written and verbal with the ability to influence at all levels, including non-technical audiences (Preferred)
• High attention to detail combined with the ability to think strategically and creatively (Preferred)
• Commercial mindset with a solid focus on balancing growth, risk and customer outcomes (Preferred)

Responsibilities

• Lead analysis into the performance of existing Credit Risk policy and identify areas where policy can be simplified or enhanced.
• Work with stakeholders to support the implementation of changes to Credit Risk policies and strategies.
• Provide guidance and mentorship to analysts within the team to support delivery and personal development.
• Work autonomously on complex analytical tasks with minimal guidance.

Skills

Stakeholder management

Communication

Attention to detail

Commercial mindset

Education

Numerate degree

Tools

SAS

Python

Job description

Lead Credit Risk Analyst | S3 | Unsecured Credit Risk | Multiple Locations | Internal Mobility

Country: United Kingdom

IT STARTS HERE

Santander (www.santander.com) is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible.

This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Retail & Commercial Banking is a global business integrating all our retail and commercial banking activities to better serve our customers, improve efficiency and drive value creation.

THE DIFFERENCE YOU MAKE

Santander

is looking for a Lead Credit Risk Analyst based in either Milton Keynes, Manchester or Glasgow.

As a Lead Credit Risk Analyst, you will play a pivotal role in shaping how we manage risk across Santander's Retail Unsecured portfolios. Working as part of a collaborative team, you will apply and further develop your credit risk expertise throughout the product lifecycle, while partnering closely with stakeholders across the business.

• Applying your ability to use industry leading analytical techniques to lead analysis into the performance of existing Credit Risk policy and identifying areas where policy can be simplified or enhanced.
• Using your high degree of expertise in the use of statistical software.
• Working effectively with a range of other business areas to support the implementation of changes to Credit Risk policies and strategies.
• Working autonomously, requiring very little guidance from management to complete complex work.
• Providing analysts within the team with help and guidance to support them in both the delivery of their work and their personal development.

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We're enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience:

• Proven track record of developing, implementing and optimising credit risk strategies across the customer lifecycle (Required)
• Excellent project management skills with experience of owning end-to-end analytical projects (Preferred)
• Awareness of credit industry products and markets (Preferred)

Education:

• Degree level in a numerate subject (e.g. Maths, Statistics, Operational Research, Physics, or Engineering, ideally 2:1) and/or equivalent qualifications/experience (Preferred)

Hard Skills:

• Proven experience of using statistical programming tools, e.g. SAS, Python (Required)
• Understanding of credit bureau data, affordability metrics and regulatory requirements relevant to unsecured lending (Preferred)

Soft Skills:

• Excellent stakeholder management and communication skills, both written and verbal with the ability to influence at all levels, including non-technical audiences (Preferred)
• High attention to detail combined with the ability to think strategically and creatively (Preferred)
• Commercial mindset with a solid focus on balancing growth, risk and customer outcomes (Preferred)

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.

Here, recognition goes beyond pay. It's about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive - personally and professionally.

Salary Range:

£59,200.00 - £88,800.00 per annum (depending on experience)

This salary range represents the expected remuneration for the role. Annual salary is based on a standard 35-hour working week. Actual salary offered will depend on skills, experience, qualifications and location.

• Competitive rewards that reflect the real impact you make and the value you bring.
• Wellbeing that goes beyond work - we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Support for every life stage - from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
• Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
• Global growth opportunities to shape your career, learn new skills and explore what's possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we're proud to be an inclusive organisation that provides equal opportunities for everyone - regardless of age, gender, disability, civil status, race, religion or sexual orientation.

We're committed to creating a recruitment experience that's accessible, fair and welcoming for all candidates.

We want our people to thrive - at work and at home - while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles).

When applying, please consider the travel distance, time and cost to your chosen office locations.

We welcome applications on the understanding that, should you be offered this role, there may be no relocation package available. Santander will pay the employer mandatory government fees that are required to pay in connection with visa sponsorship. You may be liable for your own personal employee immigration and relocation costs.

WHAT TO DO NEXT

For further Guidance please visit Internal Mobility - Candidate Guidance.

If you want to know more about the opportunity:

Please contact Charlotte Oates - [e-mail]

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