Senior Credit Risk Analyst

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Location: London/Bradford/Petersfield/Chatham

Closing Date: Monday 11 November 2024

Location: London, Bradford, Chatham or Petersfield

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

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

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

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.

In your day-to-day role, as a Senior Analyst you will:

• Develop accurate, statistically validated credit risk models supporting the model build, validation, and governance process.
• Evaluate data quality and communicate issues with analysis interpretation.
• Support research for credit risk modeling improvements, regulatory recommendations, and techniques.
• Assess the business impact of new model implementations through sensitivity analysis of parameters used in capital calculations.
• Support reporting and monitoring to ensure models remain appropriate for the portfolio.
• Assist in preparing for internal approval of credit risk models.
• Ensure that models and changes are documented, communicated, understood, aligned, and approved by relevant Business Units and Risk Heads.
• Participate in Credit Risk Modelling governance and technical forums as required.
• Adhere to FCA Senior Manager Conduct rules.

Knowledge and expertise:

• Exceptional quantitative skills, including credit analytics.
• Practical application of statistical modeling techniques.
• Ability to evaluate data quality.
• Experience in developing credit risk models, regulatory recommendations, and techniques.
• Experience in consumer credit, preferably in sub-prime or online lending sectors.
• Understanding of corporate governance frameworks.
• Coding skills or transferable technical skills.

What will make you stand out:

• 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 effectively in a fast-paced environment.
• Knowledge of IFRS9 and credit risk forecasting.

The interview process:

• Initial telephone interview with Talent Acquisition (up to 30 mins).
• Interview with the hiring team (up to 60 mins, competency-based).
• Final interview with Daniel Betts, Head of Credit Risk.

Our process typically takes up to 4 weeks, and we accommodate your availability. You will have ongoing communication with our recruitment team.

As this role involves working within a regulated environment, offers are subject to background checks including criminal record, credit, fraud, and employment references.

Your working life: We support flexible working arrangements, including part-time options, to help you balance commitments and work-life harmony.

Why work for us?

We are Vanquis Banking Group plc, a FTSE All Share company and established in 1880. We provide responsible lending and serve 1.75 million UK customers through Vanquis, Moneybarn, and Snoop. Our purpose is to deliver caring banking to enable our customers’ opportunities.

We foster a supportive, rewarding, and engaging work environment, offering competitive salaries, benefits, and recognition schemes. After six months, colleagues can join our 'Save as you Earn' and 'Buy as you Earn' schemes.

We invest in training and development to maximize potential and support career growth from day one.

Equal Opportunity Statement:

We celebrate diversity and are committed to creating an inclusive environment where everyone can thrive, regardless of identity, background, or characteristics. Our people are key to fulfilling our mission to support our customers’ better everyday lives.