Senior Analyst - Forecasting Modelling

Job Description

End dateFriday 17 November 2023Salary range£48,816 - £54,240Agile Working OptionsReduced Hours; Hybrid WorkingJob descriptionJOB TITLE: Senior Analyst - Forecasting ModellingLOCATION(S): Leeds, Halifax, Bristol, Cardiff, EdinburghHOURS: Full timeWORKING PATTERN: Hybrid, 40% (or two days) in one of our office hubsAbout this opportunityWithin this role, youll play a fundamental part in the development of industry leading Retail (predominantly Mortgages) credit risk forecasting and stress-testing models, working collaboratively with other teams across Risk and Finance.Using data, statistical analysis, and modelling skills, you’ll help senior colleagues across the Group understand how the credit risk of our portfolios respond under different economic conditions.Youll be conducting analysis and communicating results, working as a team to achieve our goals. You’ll make a critical contribution to our stress testing, IFRS9 impairment and CRDIV capital calculations.Were a technical team at the forefront of the Group’s new technology strategy, increasingly moving to python coding and soon, Cloud.Your other accountabilities will include:

• Supporting the design, development, validation and implementation of Secured credit risk stress testing, impairment and capital forecasting models. Helping to ensure that all new models are technically sound and meet Group standards.
• Support the delivery of stress testing activities (Group planning exercises, regulatory stress testing submissions, ad-hoc Board requests).
• Helping to maintain the stress testing framework, by ensuring that production processes are in place and all implementations of models are fully tested and audited to internal standards.
• Contributing to the preparation of high-quality model approval / re-approval technical documents.
• Working with data every day; sourcing, collating and interpreting data from a number of internal and external data sources.
• You may be asked to research academic, technical and industry developments in the field of stress testing and credit risk forecasting.
• Engaging and partnering with others outside the team as necessary.

What you’ll need

• A quantitative degree (mathematics, economics, statistics, operational research, physics or engineering) or equivalent skills derived from commercial experience.
• Expertise in coding, for example SAS, R, Python or Apache Spark.
• Solid understanding of the fundamental principles of banking, credit risk management and economics and ability to adapt to changes across the Group and external market.
• Solid understanding of capital regulation and IFRS9.

And any experience of these would be really useful

• Experience of stress testing and/or portfolio modelling would be an advantage, but other analytical experience is also welcome.
• Excellent verbal & written communication and presentation skills.

About working for usOur focus is to ensure were inclusive every day, building an organisation that reflects modern society and celebrates diversity in all its forms.We want our people to feel that they belong and can be their best, regardless of background, identity or culture.We were one of the first major organisations to set goals on diversity in senior roles, create a menopause health package, and a dedicated Working with Cancer initiative.And it’s why we especially welcome applications from under-represented groups.We’re disability confident. So if you’d like reasonable adjustments to be made to our recruitment processes, just let us know.We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual bonus award, subject to Group performance
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 28 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies

Want to do amazing work, that’s interesting and makes a difference to millions of people Join our journey!