Job Description

Business Unit: Group Risk, Model Risk Oversight
Salary range: \xc2\xa336,800 - \xc2\xa346,000 per annum DOE + red-hot benefits
Location: Remote - work from anywhere within the UK

Get ready to Live a Life More Virgin

Our Team
You\'ll be joining the Model Risk Oversight team at an exciting time: With increasing impact from digital approaches on our models, as well as increasing expectations of our Board and the Regulators, we\'re expanding! As part of the Model Risk Oversight team, you\'ll help to secure the foundations of our business decisions by providing quantitative and qualitative validation across our model landscape.

What you\'ll be doing

• Supporting the validation of models to ensure models across the business are fit for purpose
• There is an emphasis on Retail and Corporate IRB and Decisioning models.
• Engaging with model owners and developers, gathering materials for analysis, challenging model performance or development and documenting your findings
• Data manipulation and extraction - extract appropriate data and relevant actionable analysis from a variety of sources
• Generating model validation reports and ensuring that validation action points are followed through to a resolution
• Providing assurance on compliance with the regulatory requirements we work within
• Supporting the continuous learning and development of a best practice modelling culture within the bank
• Offering insight and recommendations that contribute to achieving best in class risk models

We need you to have

• Experience analysing and interpreting data using Excel and ideally SAS / Python with an understanding of algorithms
• An ability to interpret and present data clearly and succinctly
• An insatiable curiosity and desire to solve complex problems independently
• Strong influencing skills with the ability to form arguments and to deliver them effectively, both verbally and in written form
• Stakeholder management skills with an ability to build successful and collaborative relationships
• An ability to write a clear and concise report

It\'s a bonus if you have but not essential

• Some knowledge of typical products of a Retail bank such as Mortgages, Credit Cards or Corporate SME
• Knowledge of credit risk models such as PD, EAD or LGD, Financial models, Banking Book Pricing models and Macroeconomic models
• A degree in a numerate discipline subject (e.g. maths, statistics, economics etc).

Just to flag
Not sure you\'ve all the skills? That\'s okay - still apply as we value passion and potential so tell us why you\'d be great in your application.

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 and free private medical cover
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)

And there\'s no waiting around, you\'ll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. 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.

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. We\'re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people\'s lives. We strive to create positive experiences for our millions of customers and our purpose, \'Making You Happier About Money\', underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. 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 careers@virginmoney.com

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.

Advertised: 19 Jul 2023 GMT Daylight Time
Applications close: 09 Aug 2023 GMT Daylight Time

Virgin Money