Business Unit: IRB, Scorecards & Non-Financial Risk (IS&N)
Salary range: up to circa £70,000 per annum DOE + red-hot benefits
Location: UK Flexible
Contract type: 1 x fixed term circa 12 months & 1 x Permanent

Don’t settle for dull. Live a life more Virgin. 

Our team 

Our Risk department provide us with a fool proof framework to make decisions that we know will keep our customers’ and investors’ money safe. They are always safeguarding our bank from an array of risks that could pop up at any moment. As part of the IRB, Scorecards & Non-Financial Risk team you’ll help to secure the foundations of our business decisions by providing quantitative and qualitative analysis across our model suite, providing solutions support the acquisition of new business, risk based account management and manage capital across the banks’ lending portfolios.

The core role of our Leaders is to deliver the very best performance through their people by keeping our Purpose, Strategic Aims and Values & Behaviours at the heart of all they do.

What you’ll be doing
• Leading project teams of highly technical modelling specialists capable of highly analytical workloads and complex model designs
• Managing multiple complex model development projects and analyses; delivering the scoping, design, development, validation and implementation of models, in line with Bank standards and regulatory compliance requirements
• Taking ownership and responsibility for ensuring the performance of models are understood and identifying model enhancements
• Adding value to discussions to ensure appropriate and insightful end to end current and emerging model risks are captured through the governance framework
• Developing and remediating the IS&N model landscape to ensure effective risk management and capital allocation
• Providing subject matter expertise on modelling, model use and management on all bank projects
• Deputising for the Senior Data Science Manager at senior stakeholder and committee meetings
• Supporting the team and individual development and enhancing core capabilities/processes

We need you to have
• Significant experience in Banking and Risk Management, ideally in an IRB bank, including leading model developments.
• Exceptional understanding of the techniques, principles and applications of credit risk scoring
• An analytical mind set and logical approach to problem solving allowing for the understanding and resolution of complex issues.
• Experience in an environment that drives strong commercial understanding and utilises the interpretation of complex data collation and analysis to identify effective data and systems capabilities.
• Strong communication skills with the ability to tell a compelling story, persuade, influence and communicate complex messages clearly to all levels across the organisation.
• The proven ability to lead project teams and demonstrate a track record of success in model and scorecard development, ensuring projects are delivered on schedule and to the required standard

It’s a bonus if you have but not essential
• Detailed knowledge of IRB and regulations (CRR, CRD IV, SS11/13), experience in dealing with the Regulator and facilitating the annual attestation.
• Knowledge of established and emerging industry practice (e.g Stress Testing and Economic Capital)
• Advanced knowledge of time management, people leadership and resource utilisation.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
• Up to five extra paid well-being days per year​. 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. 

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.