Senior Risk Analyst - IRB Modelling

Nationwide; Northampton; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Nationwide is seeking a skilled professional to join their IRB Modelling team in Northampton. In this role, you will lead the redevelopment of credit risk models, utilizing your expertise in SAS programming and statistical techniques. This position offers a hybrid working model, allowing for a balance between office collaboration and remote work. Join a team dedicated to making fairer financial decisions for their members.

Benefits

Personal pension scheme

Paid volunteering days

Life assurance

Salary sacrifice benefits

Health and wellness options

Performance-related bonus

Career development training

25 days holiday pro rata

Qualifications

• Experience in SAS programming and analytical software.
• Strong understanding of statistics and econometrics.
• Knowledge of credit risk capital and IFRS9 principles.

Responsibilities

• Lead the redevelopment of a Foundation-IRB PD model.
• Monitor model performance and compliance activities.
• Work with stakeholders to define scoring and model solutions.

Skills

SAS programming

Statistical techniques

Stakeholder management

Data visualisation

Education

Degree in Mathematics, Statistics, or related field

Tools

Microsoft applications

Job description

Here at Nationwide we put our members at the heart of everything we do and every role, no matter what it's doing, has a part to play in this. Our Modelling Team use their analytical skills and experience to help support the business make the decisions they need to make, after all, the decisions we make in terms of who we lend to can affect our growth and our members.

This is an exciting opportunity to join the Nationwide IRB Modelling team. With the support of the IRB Modelling management team, you will be primarily involved in the delivery of an IRB model redevelopment, alongside supporting the wider team with model performance review activities. Your knowledge of credit risk drivers, SAS coding, modelling and statistical techniques will benefit you with the redevelopment of a low-default PD model for a Social Housing portfolio.

We are a friendly and social team who work together to develop and maintain high-quality IRB credit risk models. Aligned with the core purpose of these models, this role provides an opportunity to join a team that keeps the Society safe and secure for all our members.

If you have a desire to lead the delivery of a high-profile IRB model redevelopment and are motivated to do the right thing in the right way for our members, then this is the role for you.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our Swindon, Northampton or London offices.If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here .

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.
What you'll be doing

With the support of the management team you would be:

• Leading a Foundation-IRB PD model redevelopment that will benefit from both your stakeholder management skills and analytical capabilities; through working with subject matter experts to define the expert judgement informed scoring to developing a fully compliant and well documented model solution
• In addition, you will become familiar with the monthly model monitoring and compliance activities undertaken within the IRB Modelling team, leveraging and enhancing your data visualisation skills
• Alongside opportunities to gain knowledge and skills development across the IRB Modelling team that specialise in modelling across Retail secured and unsecured portfolios and Commercial exposures, the planned alignment of Virgin Money and Nationwide modelling approaches provides incremental scope for personal growth and experience in the future

However, you undertake your work, the purpose will always be the same, whereby your role will be to support the development and maintenance of both compliant and insightful model management, which enables the Society to provide sustainable value-based decisions for our members.
About you

To be effective and capable within this role you should have:

• Transferable experience of programming using SAS and other analytical software, alongside being fully proficient with key Microsoft applications
• A qualified comprehension of the fundamentals of statistics and econometrics, alongside a good foundation in mathematics to be able to comprehend modelling approaches and coding-based solutions (i.e. regression techniques)
• An understanding of credit risk capital and IFRS9 impairment risk and related modelling principals
• Evidence of managing multiple stakeholders and delivering tailored reports and/or analysis, coupled with the ability to prioritise and manage conflicting demands within tight deadlines

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers' shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
• Say it straight - We are brave in speaking out and saying what we think - we're honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
• Push for better - We don't settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.
The extras you'll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension - if you put in 7% of your salary, we'll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub - Access to a range of free and paid options for health and wellness
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

Banking - but fairer, more rewarding, and for the good of society

We forge our own path at Nationwide.

As a mutual, we're owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don't see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.

If you're inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you're one of us.

At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.

We are Purpose-driven. Uncompromisingly Customer. Unstoppably Nationwide.
What to do next

If this role is for you, please click the 'Apply Now' button. You'll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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