Business Unit: Model Risk and Analytics
Salary range: £39,200 - £49,000
Location: UK, Remote
Contract type: Permanent (full time)

Live to inspire change. Live a life more Virgin.

Our Team

Stress Testing and IFRS9 Models work at the intersection of Data Science, Statistical Modelling and Economics within Virgin Money’s Model Risk and Analytics function. We use data to support the business through model building or providing actionable insights from the data. We draw on statistical modelling techniques to produce the best possible predictive models.

What you’ll be doing

• Provide input into the scoping, design, development, validation and implementation of credit risk models, in line with Bank standards and regulatory compliance requirements
• Independently leading statistical analysis to ensure the Retail and Business loan loss provision models currently in operation remain robust and fit for purpose
• Leading key discussions and presenting analytical findings and solutions to a range of stakeholders both within and external to the modelling area
• Provide first-class model documentation and recommendation papers to governance committees
• Supporting the development of junior analysts

We need you to have

• Familiarity of a variety of modelling techniques with experience of applying them, ideally in a banking environment.
• Experience of model development projects with an understanding of model usage and business requirements
• Practical experience of interpreting complex data utilising strong analytical skills, ideally demonstrated by a good degree in a numerate discipline subject (e.g. statistics, maths, engineering, econometrics)
• Expertise in the use of statistical analysis software (e.g. SAS, Python or R) as well as MS Office
• Excellent communication, listening and writing skills. An ability to listen, understand and respond professionally
• Team building mindset, willing and able to coach junior colleagues and share knowledge

It’s a bonus if you have but not essential

• Functional Risk and Regulatory knowledge ideally within IFRS 9 and/or IRB and Stress Testing
• Experience of determining priorities and participation in the planning process.
• Experience in building trusted relationships with senior stakeholders.

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. 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 create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.’ Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. 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.