Senior Credit Risk Analyst

Vanquis Bank; Cambridge; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A financial services company is seeking a Senior Credit Risk Analyst to develop and optimize credit risk models. Candidates should have profound quantitative and statistical skills, along with experience in consumer credit risk. The position offers a hybrid working model from locations such as London, Bradford, or Chatham, with flexible arrangements to support work-life balance.

Benefits

Discretionary annual bonus

25 days holiday

Pension scheme with matched contributions

LinkedIn Learning access

Paid day to 'give back'

Qualifications

• Exceptional quantitative skills in credit analytics.
• Experience in credit risk modeling for consumer credit.
• Proficiency in coding or technical skills.

Responsibilities

• Develop credit risk models for validation and governance.
• Evaluate data quality and communicate issues.
• Research improvements in credit risk modeling.

Skills

Quantitative skills

Statistical modeling techniques

Data quality evaluation

Credit risk modeling

Communication skills

Technical skills

Tools

SAS

SQL

R

Microsoft Office

Job description

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Location: London/Bradford/Petersfield/Chatham

Closing Date: Monday 11 November 2024

Locations: London, Bradford, Chatham or Petersfield

We are happy for you to be based in Bradford, Chatham or Petersfield, but please note that occasional travel to our other offices will be required.

Working Pattern: Our working style is hybrid, with an expectation of 1 to 3 days per week in our offices for collaborative work.

Benefits: Discretionary annual bonus, 25 days holiday (up to 30 depending on service), pension scheme with matched contributions up to 10%, 1 paid day to ‘give back’, LinkedIn Learning access for all.

Don’t hesitate to apply even if you don’t meet all criteria; your unique strengths and eagerness to learn are valuable.

You and Your Team:

The Senior Credit Risk Analyst will utilize data-driven insights to develop, implement, and optimize Acquisition Strategies for VBG.

Role Responsibilities:

• Develop accurate, statistically validated credit risk models supporting model build, validation, and governance.
• Evaluate data quality and communicate issues for analysis interpretation.
• Research potential improvements in credit risk modeling, regulatory recommendations, and techniques.
• Assess business impact of new model implementations via sensitivity analysis.
• Support reporting and monitoring to ensure models remain appropriate.
• Assist in preparing for internal credit risk model approvals.
• Ensure documentation and communication of models and changes are thorough and aligned with Business Units and Risk Heads.
• Participate in governance and technical forums as required.
• Adhere to FCA Senior Manager Conduct rules.

Knowledge and Expertise:

• Exceptional quantitative skills, including credit analytics.
• Practical experience with statistical modeling techniques.
• Ability to evaluate data quality.
• Experience in credit risk modeling, especially in consumer credit or online lending sectors.
• Knowledge of corporate governance frameworks.
• Coding skills or transferable technical skills.

Preferred Qualifications:

• Practical application of statistical modeling techniques.
• Strong communication and technical skills.
• Experience with SAS/SQL/R or similar data mining tools.
• Proficiency in Microsoft Office applications.
• Ability to plan, organize, and prioritize in a fast-paced environment.
• Knowledge of IFRS9 and credit risk forecasting.

Interview Process:

• Initial 30-minute phone interview with Talent Acquisition.
• Up to 60-minute competency interview with the hiring team.
• Final interview with Daniel Betts, Head of Credit Risk.

Our process typically takes up to 4 weeks, but we accommodate your availability. Background checks are required for offers, including criminal record, credit, fraud, and employment references.

Work Flexibility: We support part-time work and flexible arrangements to promote work-life balance and accommodate your needs.

Why Work for Us?

We’re Vanquis Banking Group, an FTSE All Share company established in 1880, providing responsible lending to 1.75 million UK customers through brands like Vanquis, Moneybarn, and Snoop. Our purpose is to deliver caring banking that helps customers seize life’s opportunities.

We value our colleagues, offering competitive salaries, benefits, recognition schemes, pension schemes, and development opportunities to help you grow and succeed.

Equal Opportunity Statement

We celebrate diversity and are committed to creating an inclusive environment where everyone can thrive. We welcome applications from all backgrounds, identities, and experiences, which enrich our teams and enable us to serve our customers better.