Model Review Analyst

Co-operative Bank plc; Coventry; Hybrid; GBP 60,000 - 98,000; Full time

Benefits offered by this job

28 days holiday

Discretionary bonus

Pension

Parental leave

Life assurance

Job summary

Coventry Building Society is seeking a Model Review Analyst to contribute to the Group’s Economic Crime Risk Strategy Systems & Analytics Team in a hybrid role with offices in Coventry and Manchester. The role focuses on risk governance, independent validation, and reporting aligned to PRA SS1/23.

You will work with cross-functional teams to strengthen model risk controls and provide analysis supporting decision-making in economic crime prevention.

Qualifications

• Strong knowledge of economic crime risk and governance frameworks.
• Experience in risk/advisory roles within economic crime.
• Familiarity with model governance and model risk management processes.

Responsibilities

• Provide 1st line response in tackling economic crime.
• Support implementation and maturity of the Economic Crime Model Risk Management Framework.
• Communicate findings with evidence-based recommendations.

Skills

Model Risk Management

PRA SS1/23 knowledge

Anomaly detection

Economic Crime Analytics

Regulatory Oversight

Job description

The role holder will play a key part in the Group’s Economic Crime Risk Strategy Systems & Analytics Team work alongside operational, digital, change and product teams to provide the 1 st line response in tackling economic crime by setting our prevention strategies.

As a Model Review Analyst the role holder will experience in Model Risk Management (MRM) and a strong understanding of the Prudential Regulation Authority (PRA) Supervisory Statement SS1/23, including model inventories, model tiering, governance, independent validation, performance monitoring, and model risk reporting. SS1/23 establishes five key principles covering model identification and classification, governance, development and implementation, independent validation, and model risk mitigants.

We are recruiting within Manchester and Coventry operating on a hybrid approach with at least 1 day a week in the office.

Our benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with enhanced contributions
• Maternity, paternity and shared parental leave
• Life assurance (6 times annual salary)

About you

To be successful in this role you will have the natural ability to want to make decisions based on fact rather than presumption and be able to adapt your approach in the moment and have the courage to stand up and be heard in the right way when it’s needed.

You will be pragmatic in the application of economic crime risk, control and compliance practices, with the ability to ensure they are proportionate to the risk landscape.

For this role you’ll need to have:

• A strong knowledge of the economic crime space, with practical experience of working in risk and/or advisory.
• Proficiency in statistical models for anomaly detection.
• Experience within Model Governance, Model Risk Management, Economic Crime Analytics, Risk Management, or Regulatory Oversight.
• Knowledge on how to support the implementation and ongoing maturity of the Economic Crime Model Risk Management Framework aligned to PRA SS1/23 expectations.
• Excellent communication skills both internally and externally with the ability to provide evidence based recommendations from your findings.

About us

In 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose-led building society with the UK’s original ethical bank was the start of an exciting journey.

Trusted by over four million people, we’re a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.

We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.

We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.

Flexibility and why it matters

Proud to be a Disability Confident Committed Employer

We’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.

Coventry-Binley Business Park, Manchester

Coventry-Binley Business Park, Manchester

Up to £93,000 per annum (+ £5,500 car allowance & discretionary bonus)

£25,725 (Inclusive of a 5% shift allowance)

Coventry-Binley Business Park, Hybrid, Manchester

Up to £75,000 (dependant on relevant experience)

Coventry-Binley Business Park, Manchester

£59,600 - £81,950 (Dependent on experience) plus £5,500 car allowance

Coventry-Binley Business Park, Manchester

Full Time

Full Time

Up to £98,000 per annum + Car Allowance + Excellent Benefits