Senior Credit Risk Analyst

Admiral Insurance Plc; Cardiff; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

Admiral Money is seeking a Senior Credit Risk Analyst to lead credit risk and pricing analytics for their motor lending product. The role involves building credit risk models, monitoring portfolio performance, and refining credit strategies in a dynamic, innovative environment.

Benefits

Days holiday, increasing with service

Options to buy/sell annual leave

Support for work-life balance

Diversity and inclusion commitment

Qualifications

• Experience in building and evaluating scorecards.
• Proficiency in SQL for data extraction and analysis.
• Prior experience in consumer credit risk, particularly in motor lending.

Responsibilities

• Design, develop, and deploy decisioning rulesets and policies.
• Monitor risk/reward profile of the portfolio and review acquisition strategies.
• Analyze retro data to inform lending strategy and credit rule effectiveness.

Skills

Advanced financial modelling

Data analysis

Analytical skills

Quantitative skills

Written communication

Education

Relevant professional qualification (e.g., CFA, FRM)

Tools

SQL

Python

Excel

Job description

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Admiral Money is expanding, and an exciting opportunity has arisen for a Senior Credit Risk Analyst to join the team. The role involves taking the lead on credit risk and pricing analytics for our motor lending product. This role will be responsible for building credit risk and pricing models, monitoring actual portfolio performance relative to modelled expectations, and refining the credit strategy.

At Admiral Money, we have several product verticals, one of which is Motor Finance. The Motor Finance industry is evolving, and there is an opening in the market to provide a complete offering (HP and PCP) across digital and physical channels. Customers are feeling more empowered and in control, making it vital to deliver relevant, customer-focused products.

Here at Admiral, we are well-positioned to respond to this, with over years of experience in the Motor industry. We are a highly trusted and respected brand. Additionally, we have built deep data over many years across our millions of customers and are now ready to lead the way! To do this, we need to strengthen and grow our team to support our journey.

The successful candidate will be able to quickly integrate into a fast-moving, innovative, and high-profile environment and will be required to start contributing immediately. Prior experience in consumer lending within a credit risk function is a prerequisite. The role involves managing and evaluating decisioning strategies; candidates will be involved in setting direction and leading initiatives while maintaining a hands-on approach.

The ideal candidate will possess a broad range of skills, including strong quantitative and analytical skills, proficiency with SQL for data extraction, Python and Excel for data analysis and modelling, and an understanding of building credit risk scorecards.

This role can be fully remote with occasional visits to the Cardiff office. We are open to discussing individual working arrangements.

About Admiral Money

Admiral Money is an exciting, new division of Admiral Group. We offer the agility and innovation of a startup combined with the security of a large parent company, Admiral.

The journey began when we launched unsecured personal loans in June. We then became the first direct-to-consumer car finance provider in December. Since then, we have continued to grow and have exciting plans for the future.

We’re looking for people who are eager to learn, excited about getting involved, and ready for a challenge to help us create a unique lending experience for our customers.

Responsibilities

• Design, develop, and deploy decisioning rulesets and policies, producing actionable proposals and implementation plans.
• Monitor the risk/reward profile of the portfolio (using IRR/NPV models), review, and propose changes to acquisition strategies.
• Segment the portfolio by risk-related variables to identify emerging trends, concentrations, and potential new risks.
• Refine the affordability process, including improvements to the net disposable income model.
• Analyze retro data to inform lending strategy, identify predictive features, and set risk grade bandings.
• Provide comprehensive views of credit rules at the product level, identifying issues and opportunities for expansion.
• Generate key management information to support business decisions and ensure Risk Appetite goals are met.
• Enhance credit risk strategies to achieve optimal outcomes for customers.
• Apply commercial judgment to interpret results and produce actionable recommendations to optimize risk management.

Requirements

The successful candidate will ideally have:

• Advanced financial modelling skills, including experience building and evaluating scorecards.
• Ability to build comprehensive reports to analyze portfolio performance.
• Experience extracting, manipulating, and reviewing data using SQL.
• Experience with Python (Pandas, Sci-Kit Learn, NumPy) or similar for data analysis and modelling.
• Prior experience in consumer credit risk, with motor lending experience being particularly advantageous.
• High-quality written communication skills.
• Experience presenting and explaining analysis results to diverse audiences.
• A relevant professional qualification (e.g., CFA, FRM) is a plus.

Salary, Benefits, and Work-Life Balance

At Admiral, we prioritize our people and customers. We offer great benefits to promote work-life balance, which is why we are consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive days holiday (including bank holidays) upon joining, increasing with length of service, up to a maximum of days (including bank holidays). You also have options to buy or sell up to five days of annual leave.

You can view additional key benefits on our website.

Our Commitment to You

Admiral is committed to diversity and inclusion. We are proud to be an equal opportunities employer and do not discriminate based on race, sex (including pregnancy and reproductive health), national origin, gender identity, sexual orientation, disability, age, or other protected statuses.