Modelling Manager

Business Unit: Model Risk Analytics

🤑: £60,000 - £75,000 per annum DOE + red-hot benefits🔥🎁

📍: UK Flexible (expectation to attend a local HUB 1x per month & attend offsites, 3/4 x per year)

Contract type: Permanent

Be the voice we need. Live a life more Virgin.

Our Team❤️

As an IFRS 9 Modelling Manager you will lead a small team of modellers and data scientists to develop risk and macroeconomic models to forecast the Banks Loan Loss provisions. The remit is wide and covers all types of models within the IFRS 9 Provisioning landscape. This includes exposure to a range of business areas and covers retail and business banking products and customers. The team’s focus is on the development, validation, management and monitoring of our models and providing first class support to our stakeholders across Risk and Finance.

What you’ll be doing🤩

• Planning and executing the regular model related IFRS9 BAU processes (quarterly economic model refreshes, PMA calculations)
• Developing and implementing IFRS9 credit risk models, in line with stakeholder expectation, Bank standards and regulatory expectation
• Liaising with stakeholders in Risk and Finance to set expectation for the delivery of model outputs into BAU processes
• Presenting Model outcomes, and propose solutions to overcome model weaknesses, to relevant stakeholders in Risk and Finance as part of the quarterly process
• Leading on audit review of Business Banking IFRS9 model outputs
• Documenting analytics to support recommendation papers to committees and stakeholders
• Proactively support wider teams on topics relating to Business Banking models
• Providing leadership in team and wider network discussions across the Bank.

We need you to have🌟

• Proven experience leading small teams as part of a IFRS9/Stress Testing modelling process
• Demonstrable significant involvement in most components of the Model Lifecycle (Scoping, development, implementation, monitoring)
• Confidence in explaining model outcomes to non-technical specialists and an ability to use persuasive arguments to influence key stakeholders
• Significant knowledge of a range of Credit Risk Modelling techniques for PD/LGD/EAD (IFRS9/Stress Testing/IRB)
• A degree in a numerate discipline subject (e.g. statistics, maths, engineering, econometrics)
• A solid foundation in statistical programming languages and data querying (SAS/SQL/Python/R).

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

• Solid knowledge of Business Banking products and lending processes
• Experience of working interactions with external auditors and regulators
• Experience of mentoring junior team members.

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 you Live a Life More Virgin, so happy to talk flexible working with you🤝.

⏰Applications Close: 21 Apr 2025 (4.00pm BST)