Senior Credit Risk Analyst

Leeds Building Society; Leeds; Hybrid; GBP 60,000 - 95,000; Full time

Benefits offered by this job

Hybrid working - 2 days per week in 0

Annual bonus up to 12%

Matched pension contributions up to 10

26 days holiday, plus bank holidays

Colleague Mortgage and Saver products

2 days volunteering per year

Job summary

Leeds Building Society is seeking a Senior Credit Risk Analyst to join the Prudential & Enterprise Risk team in Leeds. You will own validation reviews across models, assess data and governance, and present evidence-based conclusions to stakeholders.

You’ll collaborate with model owners and developers, support action closure, and help enhance validation methods, tooling and automation across IRB, IFRS 9, capital and liquidity areas. Hybrid working available.

Qualifications

• Experience in model validation or development within financial services.
• Knowledge of statistical techniques for model assessment.
• Experience with model classes like IRB, IFRS 9, scorecards, or pricing.
• Programming and data handling using Python/SQL/SAS/R.
• Understanding of model risk, lifecycle, and governance.
• Ability to plan reviews with limited supervision.
• Strong written and verbal communication with stakeholders.
• Collaborative and detail‑oriented mindset.

Responsibilities

• Own defined validation reviews from scoping to closure.
• Apply independent testing and challenger analysis to assess models.
• Form clear evidence-based conclusions on fitness for purpose.
• Build trusted relationships with model owners and developers.
• Draft and present findings; support action closure.
• Help improve validation methods, tools, data and automation across areas such as IRB, IFRS 9, capital, liquidity, market risk, pricing, forecasting and stress testing.

Skills

Model validation

Quantitative analysis

Regulatory awareness

Independent reviews

Stakeholder communication

Planning & delivery

Detail oriented

Collaborative approach

Tools

Python

SQL

SAS

R

Job description

Senior Credit Risk Analyst

Company: Leeds Building Society

Salary: Not specified

Hours: Full-time

Location: LS1 4BJ

Job type: Permanent

Posting date: 14 Oct 2026

Closing date: 13 Nov 2026

We've been helping our members save for their future and buy their own home since 1875. Join us and you'll play a big role in helping us to put home ownership within reach of more people, generation after generation.

It's a purpose that drives everything we do. And you can play your part too - join our Prudential & Enterprise Risk team as a Senior Credit Risk Analyst.

This is an opportunity to bring your quantitative expertise and professional curiosity to an independent model validation function with a broad and varied portfolio. You'll work across credit and non-credit risk models, challenge complex analysis and help ensure important decisions are supported by models that are robust, well understood and fit for purpose.

How you'll make a difference

You’ll take ownership of defined validation reviews from scoping and planning through to analysis, reporting and closure, with proportionate support from a Credit Risk Specialist. Applying independent testing, benchmark or challenger analysis, you’ll assess model design, data, assumptions, implementation, performance, governance and limitations, then form clear, evidence-based conclusions on fitness for purpose.

You’ll also build trusted relationships with model owners, developers and senior stakeholders, bringing constructive challenge while keeping reviews on track. Alongside drafting and presenting clear findings, you’ll support action closure, guide Analysts contributing to reviews and help improve our validation methods, tools, data and automation across areas including IRB, IFRS 9, capital, liquidity, market risk, pricing, forecasting and stress testing.

What will you bring to the role?

• Relevant experience in model validation, model development, quantitative risk analysis or assurance within financial services.
• Practical knowledge of statistical and quantitative techniques used to assess model design, data, assumptions, implementation, performance and outputs.
• Working knowledge of at least one significant model class, such as residential mortgage IRB, IFRS 9, scorecards, affordability, forecasting, stress testing, capital, liquidity, market risk, behavioural modelling or pricing.
• Hands-on programming and data-handling experience using Python, SQL, SAS, R or a similar tool, with the ability to interrogate data, reproduce calculations and develop independent testing.
• A good understanding of model risk, validation approaches, performance metrics, controls, limitations and the model lifecycle, together with awareness of relevant regulatory expectations.
• Sound judgement and the ability to plan and deliver defined reviews with limited day-to-day supervision, recognising when issues need to be escalated.
• Strong written and verbal communication skills, enabling you to explain technical analysis, challenge and conclusions clearly to a range of stakeholders.
• A collaborative, organised and professionally curious approach, with attention to detail, the ability to manage competing priorities and a willingness to build breadth across credit and non-credit models.

And in return, you'll get the best from us:

• Hybrid working - 2 days per week in the office
• Annual bonus of up to 12%
• Matched pension contributions up to 10%
• 26 days holiday, plus bank holidays and holiday purchase scheme
• Colleague Mortgage and Saver products
• 2 days' volunteering per year

Why choose us?

Our business is centred around our people. Our colleagues are at the heart of everything we do, as shown by our Inclusive Employers Gold accreditation in 2023 and 2025. We're committed to equal opportunities regardless of race, colour, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability or gender identity.

You'll be joining a truly purpose-focused culture which helped us win the Leading with Purpose award at the 2023 Business Culture Awards. This recognises how we've embedded our purpose with our colleagues, and the actions we've taken to put home ownership within reach of more people, generation after generation.

We're devoted to creating a culture and workplace that is representative of the communities we serve. If you'd like to work with us but are unsure if you meet the full criteria for a role, please contact the recruiter so we can find out more about your skills and experience. We’re committed to supporting you to be at your best - to discuss any reasonable adjustments we could make, please contact us on [e-mail].

Proud member of the Disability Confident employer scheme

About Disability Confident: Disability Confident is a government scheme. It encourages employers to recruit and retain disabled people and those with long term health conditions.