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Risk Models Manager

Apply now Job no: 073209
Work type: Permanent Full Time
Location: England, Remote - work from anywhere within the UK, Scotland, Remote - work from anywhere within the UK
Categories: Risk

Business Unit: Risk Analytics Centre of Excellence
Salary range: up to circa £68,500 depending on experience.
Employment Type:

Give your career some Virgin va-va-voom

Virgin Money is all about disrupting the status quo, taking on the challenges of the future, and saying goodbye to boring banking. We’re on the lookout for like-minded individuals and innovators like you to help push us forward. We’re also transforming how we work to give 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)​
  • Up to 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!

Here at Virgin Money, we take a huge amount of pride in what we do, working seamlessly across all areas to achieve the same goals for the business. Our Risk Analytics Centre of Excellence (RACE) work at the intersection of Data Science, Statistical Modelling and Economics, using 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.

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.

Our promise to you…

  • Regular feedback and ongoing support to help with your personal development journey.
  • On the job training around data analytics and statistical modelling.
  • Dedicated time during working hours to attend fully funded personal certifications to help you make the most of your career and develop you as an individual.

Day to day you’ll be…

  • 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 requirement.
  • Developing and remediating the model landscape to ensure effective risk management and capital allocation, identifying opportunities to support introduction of Machine Learning and AI techniques within the model landscape.
  • Providing subject matter expertise on modelling, model use and management expertise on all regulatory modelling projects
  • Engaging with stakeholders across the business to obtain.

There are a few essentials you need to bring…

  • An analytical mind set and logical approach to problem solving allowing for the understanding and resolution of complex issues.
  • Significant experience in Banking and Risk Management, ideally in an IRB bank.
  • 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.
  • Proven track record of delivering large complex projects on schedule and to the required standard.
  • Team building mindset.

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

  • Detailed knowledge of IRB and related regulatory regime (CRR, CRD IV, SS11/13) or other regulatory requirements.
  • Experience dealing with the Regulator in terms of answering queries, assessing model compliance against regulatory requirements or leading the delivery of actions.
  • Knowledge of Stress Testing and Economic Capital.
  • Experience intime management, people leadership and resource utilisation.
  • Advanced Degree (PhD, Masters) in a data science related area.

We really need 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.

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Applications close: GMT Daylight Time

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