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Personal Models Risk Specialist

Apply now Job no: 047350
Work type: Permanent Full Time, Permanent Part Time
Location: Remote - work from anywhere within the UK
Categories: Risk&Audit, Credit - Group Risk

Business Unit: Group Risk
Salary: £38,882 - circa £55,000 DOE
Location: UK based
Contract Type: Permanent

Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re on the lookout for like-minded individuals and innovators to help drive our strategy forward. We’re also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.

Here’s what it means for YOU:

  • 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)​
  • Five extra paid well-being days per year​
  • A 35 hour working week
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Market leading Pension & Private Medical Insurance
  • Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
  • Ability to work anywhere in the UK​ (where the role allows)

And, you get these Red Hot Rewards from day one!

As part of the Personal Models team you’ll help to secure the foundations of our business decisions by providing quantitative and qualitative analysis across our model suite.

Here's what you'll be doing:

  • Leading model developments and analysis; providing input into the scoping, design, development, validation and implementation of personal models, in line with Bank standards and regulatory compliance requirements.
  • Providing high quality model documentation and recommendation papers to governance committees - keeping it straightforward.
  • Supporting the coaching and development of Risk Analysts within the team.
  • Gain support for model changes from key stakeholders and participating in and facilitate networks internally and across the wider Bank
  • Carrying out data manipulation and extraction and subsequent actionable analysis from a variety of sources.

There are a few essentials you need to bring…

  • Experience of statistical model building or validation
  • Highly analytical with a good degree in a numerate discipline subject (e.g. maths, statistics, economics etc)
  • Excellent data mining skills
  • Coding experience with statistical software such as SAS, R, Python
  • Excellent data interpretation and presentation skills
  • Excellent report writing skills, ideally for a Model Risk Committee or equivalent

It’s a bonus if you have… but not essential

  • Good knowledge of Credit Risk Modelling (including PD, EAD and LGD models).  Or good knowledge of any of the following; Financial models, Banking Book Pricing models, Operational Risk models, or Banking Book Stress Testing models. 
  • Knowledge of the Basel Capital Requirements Regulation.
  • Knowledge of methods such as regression modelling.
  • Coaching/mentoring experience.

We’d really like you to have the skills and experience listed in the essentials you’ll need to bring section above, but the rest is just our wish list, so please don’t let that put you off applying, we’d love to hear from you!

Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our careers team at

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 will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references

Advertised: GMT Standard Time
Applications close: GMT Daylight Time

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