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Data Modeller/Scientist

Job LocationCobalt Business Park
EducationNot Mentioned
Salary41,784 - 53,180 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time or part-time

Job Description

About the RoleWe have an exciting opportunity for you to join the Newcastle at a period of significant growth and transformation within the organization.As a Data Scientist, you will be working within the Risk team who is responsible for the core loan loss provisioning models within the Society. We have a stack of predictive models which, when combined with forward-looking economic forecasts, provide anestimate of expected credit losses.In your day to day, you will:

  • Take a lead role in developing, managing and monitoring our PD, LGD and EAD risk models;
  • Support the creation of suitable macroeconomic scenarios;
  • Maintain model documentation and produce recommendation papers to governance committees;
  • Develop and maintain model performance monitoring and annual reviews;
  • Undertake independent analysis to ensure that existing model parameters remain robust and fit for purpose;
  • Liaise with internal and external stakeholders;
  • Provide peer review and challenge to the Societys Tier 1 models in support of our model risk framework;
  • Support the development of junior analysts;
You will have plenty of opportunities to make an impact within the organisation by driving forward enhanced data-driven decisions.About YouYou will be a highly motivated individual and a critical thinker with a good dose of pragmatism. You should possess skills in the following areas:
  • Strong analytical skills preferably backed with a degree in a numerical subject (it is a bonus if you have a postgraduate qualification or a proven tracked record of equivalent experience)
  • Experience in model development and sound documentation
  • Good working knowledge of programming languages/statistical analysis software (e.g. , R, Python, SQL or equivalents) and MS Office applications
The following skills are desirable:
  • Good knowledge of credit risk management
  • Knowledge of provisioning (e.g. IFRS, IRB)
  • Experience with survival/equity release models
About UsThe Risk function is the Societys second line of defence, encompassing our compliance and risk functions that provide independent oversight of the risk management activities of the first line of defence.The Society is a modern employer that appreciates the demands of modern life and the benefits associated with the role are geared for such. You can expect to be part of a flexible, professional, highly skilled team that is focused on giving internal andexternal clients a first class service.For full details along with a comprehensive breakdown of what were looking for, please download the role profile.What do you get in return As well as receiving a competitive annual salary based on above-market pay scales, our reward package includes:
  • A 35-hour weekly contract + flexible working options
  • 30 days holiday each year plus bank holidays
  • Bonus scheme
  • Pension scheme
  • Life assurance and income protection
  • Access to a range of wellbeing benefits
  • Electric car salary sacrifice scheme
  • Cycle to Work scheme
  • Above statutory family leave entitlement
  • The option to buy extra holidays
  • Two paid volunteering days each year
  • A broad range of learning and development opportunities
  • Hybrid working
We have refreshed our approach to recruitment and have outlined a new process of remote selection and on boarding.Upon starting a new role with us, we will ensure you are equipped with the correct tools and technologies to enable you to do your best work within your hybrid arrangement.

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