Senior Credit Risk Analyst

Dudley Building Society; West Midlands; Hybrid; GBP 45,000 - 50,000; Full time

Benefits offered by this job

Hybrid working

30 days holiday + bank holidays

8% pension contribution

Life assurance 4x salary

Moments that Matter days

Job summary

Dudley Building Society is seeking a Senior Credit Risk Analyst to support credit risk modelling and management information. This temporary 6-month contract will cover maternity leave, with responsibilities spanning ECL models, governance, and risk reporting.

You will work with Product and Analytics teams to influence lending decisions and risk appetite, ensuring robust model documentation and regulatory compliance. Hybrid working between home and Brierley Hill office is offered.

Qualifications

• Experience using the R statistical language.
• Experience with IFRS 9 impairment models or similar.
• Strong analytical and numerical skills to interpret model outputs clearly.
• Understanding of credit risk management information, validation, and governance.
• Good communication style to present insights to stakeholders.

Responsibilities

• Routinely run Estimated Credit Loss models on time and resolve anomalies.
• Monitor and report ECL model outputs (PD, EAD, LGD) with explanations.
• Maintain model documentation, assumptions, validation, and data inputs.
• Update mortgage affordability models with latest information.
• Collaborate with modelling partners to build new ECL iterations.
• Contribute credit risk inputs to forecasts and stress tests (ICAAP/ILAAP).
• Support product and analytics on lending plans within regulatory limits.

Skills

R language

IFRS 9

Analytical skills

Governance awareness

Communication

Education

Maths/Statistics degree

Job description

Location

Brierley Hill

Application Deadline

Friday, September 25, 2026

Vacancy Type

Temporary/Full Time

Job Summary

At Dudley Building Society, we're here to help people live better lives. As one of the UK's fastest-growing building societies, with a proud heritage and ambitious plans for the future, we're looking for a Senior Credit Risk Analyst to support the Society's credit risk modelling and management information. This role will join us on a temporary 6 Month contract to support with Paternity leave.

The role

As our Senior Credit Risk Analyst, you'll be responsible for ensuring the Society's credit risk models and credit risk management information are appropriately built, maintained and monitored.

What you'll be doing

• Routinely run the Society's Estimated Credit Loss models accurately and on time, identifying and resolving any anomalies.
• Monitor and report against ECL model outputs, including PD, EAD and LGD, providing clear explanations for movements.
• Maintain full model documentation, including assumptions, validation, sensitivity analysis and data input dictionaries.
• Updates to mortgage affordability model based on latest information
• Work with modelling partners to design and build new iterations of the ECL model and support successful passage through model governance requirements.
• Contribute credit risk inputs to forecasts and stress tests, including ICAAP, ILAAP and Recovery Plan activity.
• Work with Product and Analytics teams to support decisions on product mix and lending plans, considering regulatory limits, expected credit loss and risk appetite.
• Develop, maintain and report against credit risk appetite limits.
• Deliver training and education on ECL models to key stakeholders, translating complex information into clear and practical insight.

What we're looking for

• Experience using R statistical language.
• Experience with IFRS 9 impairment models or similar credit risk modelling approaches.
• Strong analytical and numerical skills, with the ability to interpret model outputs and explain them clearly and concisely.
• Confidence working with credit risk management information, assumptions, validation, sensitivity analysis and model documentation.
• An understanding of expected credit loss, risk appetite, model monitoring and governance requirements.
• A degree-level qualification in maths, statistics or a similar discipline would be desirable.
• A confident communication style, with the ability to present insight to key stakeholders.

What's in it for you?

We want our people to feel supported, valued and able to thrive. In return, you'll receive:

• Salary up between £45,000 - £50,000 (FTE) depending on experience.
• Intelligent working - split your time between home and our Brierley Hill office.
• 30 days' holiday, plus bank holidays and "Moments that Matter" days for birthdays, weddings, getting your house keys, welcoming a grandchild and the moments that count.
• Up to 8% pension contribution.
• Life assurance at 4x salary.

Diversity, Equality and Inclusion

We're building a culture where everyone feels respected, supported and valued. Diversity isn't a tick box for us - it's a strength we actively champion. Whoever you are, and whatever makes you you, you'll be welcomed here and encouraged to thrive.

And there's more...

We're a Certified B Corp and officially a Great Place to Work in the UK - and for good reason. Head over to our careers page to discover what life is like at The Dudley: who we are, what drives us, and why joining us could be the best move you make next.