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Senior Credit Risk Modeller

Contract Type
Banking & Finance
Up to £50,000 per annum plus amazing benefits
Expiry Date
Virgin Money’s quest to build a better bank is underway with the build of the Virgin Money Digital Bank (VMDB).

Job Description

We have an opportunity for a Senior Credit Risk Modeller to build the analytical models that support the delivery of a paradigm breaking Digital Bank to the market. We are looking for dynamic people that will relish the opportunity to start with a blank piece of paper to drive out the technical requirements for credit risk in a brand new digital bank. We are a close knit family working in a start-up environment, and if you want the opportunity to shape the business you will one day be responsible for running, then read on.

As a Senior Credit Risk Modeller, you’ll support the end to end design of the credit operating model and own the production of credit risk models and associated analytics. You will work with a number of stakeholders, product owners and SME’s to understand the analytical models and ensure and develop specification for product applications and ongoing behavioural analysis. You’ll develop the dashboard for VMDB financial products and leverage existing datasets hosted in an AWS cloud environment.

You’ll be the SME for all credit modelling and analytical issues related to VMDB’s financial products and customer portfolios. You’ll develop product specific analytical model specifications and ensure that all associated models are successfully deployed and monitored. You’ll proactively maintain the end to end credit operating model and analytics systems including the senior business leader’s credit operating model dashboards.

To be successful in this role, you’ll already be working in an analytics (model development) role in a retail bank and have detailed knowledge of credit risk modelling techniques including probability of default, loan/product applications, and behavioural analysis among others. You’ll have a good understanding of ICAAP and stress testing and working knowledge of IFRS9 and model validation and model performance tracking. You’ll have good working knowledge of analytical tools such as SAS and/or R, Python and cloud based environments such as AWS.

Interested? Apply now, it’ll be risky not to!

Our aim is to nurture a skilled, diverse and committed workforce where every individual regardless of background can share our purpose, reach their potential and be rewarded appropriately for their contribution to our success. We’re also happy to talk flexible working with you.


Please note, if successful you will be subject to a satisfactory credit and criminal records check as part of our recruitment process.