Model Monitoring Manager

Job Description

Business Unit - Group Risk, Risk AnalyticsSalary rangeUp to CIRCA £68,500 DOEContract typePermanent 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. Were on the lookout for like-minded individualsand innovators to help drive our strategy forward. Were 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.Heres 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!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. This is an exciting time as we stand up our Risk Analytics Centre of Excellence (RACE). Our ambition is todrive forward enhanced modelling capability by providing:

• Consistency: Modelling choices conducted consistently across models removing incoherence between outputs.
• Best practice sharing: Advanced modelling approaches (e.g. ML, monte carlo simulation, OpenBanking data) rapidly shared.
• Delivery speed: Ability to load balance across a large, centralised team of similar skill set, building on pre-existing data sets and codes and rapidly engage with system implementation.
• Efficiency: Consolidated model landscape with re-use of engineered and cleaned data and validated code snippets

The Senior Reporting Manager is responsible for the provision of accurate and timely reporting, data and MI utilised for credit risk management within the retail portfolios. This ensures the portfolio risk and automated decisioning abilities are alignedto risk appetite and regulatory requirements and are appropriately monitored.Day to day youll

• Design and maintain the controls for providing effective reporting to facilitate and provide insightful end to end, current and emerging risk summaries through the governance framework to Board level.
• Identifying and implementing process improvements and efficiencies across the MI suite and wider team.
• Managing a small team of highly technical risk specialists capable of complex analytical workloads, across a broad model landscape.
• Providing support to the wider business in the form of data/MI provision and credit expertise
• Deputise for the Senior Manager, Model Management and Monitoring, as required
• Development and continuous improvement of reporting processes, procedures, and controls.
• Ensuring timely and quality implementation of changes to MI/data management systems.
• Manage the relationship with model developers and users to ensure an appropriate and insightful performance summary is captured and understood through the governance framework.
• Supporting the team and individual development - enhancing core capabilities/processes

There are a few essentials you need to bring

• Qualified to degree level in a numerical discipline, or equivalent experience.
• Advanced user of using appropriate reporting tools e.g., SAS, SQL, Tableau, or equivalent BI platform.
• Significant experience in building complex reporting tools with high levels of automation and controls
• Experience in Banking and credit risk management, specifically credit models and portfolio management
• Experienced in building trusted relationships with a wide range of stakeholders at all levels
• Experience in coaching and managing a team
• Excellent data interpretation and presentation skills
• Strong communication skills with the ability to tell a compelling story, persuade, influence and communicate complex messages clearly across all levels across the organisation
• Ability to quickly understand the commercial drivers and technical issues underpinning products
• Ability to think in a strategic manner and take the longer term and wider business view into consideration

The icing on the cake.

• Knowledge of IRB and/or IFRS9 modelling methodologies
• Knowledge of established and emerging industry practices to bring to the table.
• Specialist knowledge of reporting techniques and processes

We really need you to have the skills and experience listed in the essentials section above, but the rest is just our wish list, so please dont let that put you off applying, wed love to hear from you!Inclusion at Virgin MoneyInclusion is at the heart of everything we do here at Virgin Money. Its good for you, its good for us and its amazing for our customers. We know that great minds dont think alike, so we rely on your diverse thoughts, feelings, beliefs and backgroundsto be the best we can possibly be. Got any questions about this or need some support with your application Wed love to hear from you so get in touch with our careers team at .Now the legal bitLiving 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.