Credit Risk Modelling Analyst

West Bromwich Building Society

  • West Bromwich, West Midlands
  • £50,000 per year
  • Permanent
  • Full-time
  • 28 days ago
Credit Risk Modelling AnalystSalary: up to £50,000 (dependant of experience)Hours: 35 HoursContract: PermanentLocation: Hybrid (Office: West Bromwich - 2 days in the office)Here at the West Bromwich Building Society we are all about making a you-shaped career. We understand it's not always easy juggling your career with all the important things outside of work. But with the right opportunities and support we can help you build a career that works for you.We're looking to recruit a Credit Risk Modelling Analyst on a permanent basis as we continue to grow our analytical capability in a bid to create a high performing team. Reporting into the Senior Credit Risk Modeller, Credit Risk Modelling & Analytics, the post-holder will support the maintenance, validation and development of a suite of mathematical models (primarily IFRS9 and operational scorecards) related the Society's residential mortgage book.The successful individual will have an excellent grasp of SAS programming techniques and will leverage this expertise, along with their robust analytical skills, to continuously improve the efficiency of the technical processes used throughout the model control framework (i.e. the end-to-end processes used by the models, monitoring, validation, recalibration, etc).What the role will look like:
  • Complete first line validation of statistical models; in particular, IFRS9 models (PD, EAD, LGD) and operational scorecards.
  • Develop best practice model monitoring necessary to measure whether models perform within tolerances.
  • Execute model recalibration and model remediation activities when models are deemed to be out of tolerance and action is required.
  • Complete credit risk analysis to support decision making across the Society.
  • Develop and refine models (application and behaviour scorecards, IFRS9, ICAAP, Climate Risk, Pricing) in line with the Society's strategic objectives.
  • Ensure models comply with regulatory requirements and guidance, as well as the development and validation standards set out by the Society's Model Risk Group.
  • Perform 'What if Analysis' to test the financial impact of known changes.
  • Contribute to the completion of routine activities such as: industry benchmarking, sensitivity analysis, evaluating post-model adjustments, verifying accuracy of monthly modelling datasets, etc.
  • Support the creation of clear and concise papers and analysis for Committees and Groups.
  • Compile timely and accurate minutes for the Model Risk Group.
  • Contribute to satisfying model inventory and end user computing (EUC) requirements.
  • Identify and manage risk within area of responsibility.
What you will bring to the role:
  • Excellent SAS and SQL programming skills with the ability to code solutions to problems from first principles and automate code for repeatable activities using efficient logic.
  • Ideally a degree in mathematics or a statistics related subject.
  • Numerate and capable of solving problems analytically.
  • Attention to detail enabling production of analysis with a consistently high level of accuracy.
  • Ability to spot trends and outliers in data.
  • Efficient use of Microsoft Office packages.
  • Good communicator with the ability to present results to a technical and non-technical audience in a clear and concise manner.
  • Team player who works effectively with others but who can also work autonomously when required.
  • Ability to plan and organise own workload while proactively managing expectations of stakeholders.
  • Understanding of the credit lifecycle and IFRS9 requirements.
  • Advocate of process improvement.
We Value a diverse range of skills and experiences here at the West Brom. So even if you don't meet every single requirement listed in the job description but are passionate about the role, we still encourage you to apply.What's in it for you:
  • We pride ourselves on our development opportunities and always look to promote from within wherever possible,
  • Holiday starting at 175 hours (25 days) plus bank holidays that grow with your time with us and the opportunity to buy or sell up to 5 days holiday each year,
  • 2 paid volunteering days a year,
  • Living Pensions: Pension scheme starting at 5% contribution from you and 7% contribution from us, and we'll match your further contributions up to 10.6%
  • Enhanced maternity, paternity and adoption leave with paid fertility treatment, neonatal and pregnancy loss leave,
  • Life assurance provided by the Society at 4 times your salary,
  • Yearly performance related pay scheme and pay review,
  • Private medical insurance that's discounted when your time with us grows, with the option to include family members,
  • Salary Sacrifice Electric/Hybrid Car Scheme,
  • A Perkbox account - giving you 24/7 access to perks, benefits, discounts, wellbeing tools and loads more!
  • And much more, from flexible working options, wellbeing support and a whole heap of warm West Bromness.
Why choose the West Brom?We've been named one of The Sunday Times' Best Places to Work - and we couldn't be prouder. It's a reflection of our warm, inclusive and supportive culture and how much we value our people. But what matters most is how you'll feel when you're here because we don't just want you to fit in, we want you to feel like you truly belong. So when you join us, you'll find a place that values your wellbeing, supports your growth and helps you build a career that works for you.We're a Disability Confident Leader and encourage disabled applicants and all from diverse backgrounds to apply. We'll do what we can to adjust our recruitment journey and offer a guaranteed interview to disabled applicants who meet what we're looking for. If you need any support with applying to one of our roles, get in touch at careers@westbrom.co.uk.Do it today and click apply!*Please note - We reserve the right to withdraw our adverts earlier than the original published expiry date, therefore if you are interested please submit your application as soon as possible*Head Office: 2 Providence Place West Bromwich B70 8AF. www.westbrom.co.uk The West Brom is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority. Register no. 104877. 'the West Brom' is a trading name of West Bromwich Building Society.

West Bromwich Building Society