Business Unit: Model Risk and Analytics
Salary range:up to £93,000 per annum DOE + red-hot benefits
Location: UK Remote
Contract type: Permanent
Don’t settle for dull.Live a life more Virgin.
Our Team
The Model Risk and Analytics (MRA) team, 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. As part of the IFRS9 and Stress Testing team, you’ll help secure the foundations of our business decisions by providing qualitative and quantitative analysis across our model suites.
Reporting directly to the Head of IFRS9 and Stress Testing, you will play a critical role in shaping our risk modelling strategy, enhancing issue resolution, and driving actionable business insights.
What you’ll be doing
- Operate as a modelling expert across all modelling projects and wider business development.
- Leading initiatives to continuously improve methodologies, processes, and standards within the IFRS9 and Stress Testing Team.
- Directing delivery of modelling projects across diverse portfolios, adapting to changing demands and priorities.
- Delivering detailed technical challenges across retail and business banking portfolios, ensuring models are robust and aligned with best practices.
- Collaborating with teams to capture and analyse data, delivering actionable business insights through analytics, modelling, and monitoring.
- Providing subject matter expertise to support model usage across the Bank, ensuring alignment with strategic goals.
- Responding to PRA feedback and driving the execution of remediation plans to ensure adherence to regulatory requirements.
- Collaborate across IFRS9 and Stress Testing teams to provide targeted insights, leveraging analytics, modelling, and monitoring to inform decision-making.
We need you to have
- Significant expertise in model risk management and advanced modelling techniques, with deep industry wide knowledge.
- Proven leadership experience, including resource management, performance coaching and team development in a dynamic environment.
- Advanced understanding of risk appetite, regulatory frameworks (including PRA feedback), and organisational structures, and systems.
- High level qualification in Mathematics/Statistics or Economics with specialist knowledge in modelling and credit decisioning techniques.
- Ability to interpret complex data to drive business insight and effective decision-making.
It’s a bonus if you have but not essential
- Familiarity with the Bank’s risk appetite, regulatory frameworks, credit processes and organisational systems
- Expertise in building trusted relationships and effectively resolving conflicts with internal and external stakeholders.
- A proven track record in managing and delivering complex projects in fast-moving environments.
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 youLive 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
It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.
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.
