Job Description

Business Unit: Risk Analytics Centre of Excellence
Salary range: circa \xc2\xa380,000 DOE + red-hot benefits
Employment Type: Permanent

Give your career some Virgin va-va-voom

Our Team

Our Risk Analytics Centre of Excellence (RACE) work at the intersection of Data Science, Statistical Modelling and Economics, using data to support the business through model building or providing actionable insights from the data. We draw on statistical modelling techniques to produce the best possible predictive models.

What you\'ll be doing

• Leading project teams of extremely technical modelling specialists capable of highly analytical workloads and complex model designs
• Managing multiple complex model development projects and analyses; delivering the scoping, design, development, validation, and implementation of models, in line with Bank standards and regulatory compliance requirement
• Developing and remediating the model landscape to ensure effective risk management and capital allocation, identifying opportunities to support introduction of Machine Learning and AI techniques within the model landscape.
• Providing subject matter expertise on modelling, model use and management expertise on all regulatory modelling projects
• Engaging with stakeholders across the business to obtain insight to support modelling activities and understand how modelling choices affect the wider business
• Supporting the team and individual development and enhancing core capabilities/processes.

We need you to have

• An analytical mind set and logical approach to problem solving allowing for the understanding and resolution of complex issues
• Significant experience in Banking and Risk Management, ideally in an IRB bank
• Experience in an environment that drives strong commercial understanding and utilises the interpretation of complex data collation and analysis to identify effective data and systems capabilities
• Strong communication skills with the ability to tell a compelling story, persuade, influence and communicate complex messages clearly to all levels across the organisation
• Proven track record of delivering large complex projects on schedule and to the required standard
• Team building mindset.

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

• Detailed knowledge of IRB and related regulatory regime (CRR, CRD IV, SS11/13) or other regulatory requirements.
• Experience dealing with the Regulator in terms of answering queries, assessing model compliance against regulatory requirements or leading the delivery of actions.
• Knowledge of Stress Testing and Economic Capital

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)\xe2\x80\x8b plus the option to buy more
• Up to five extra paid well-being days per year\xe2\x80\x8b
• 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
• Ability to work anywhere in the UK\xe2\x80\x8b (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

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: 21 Sep 2023 GMT Daylight Time
Applications close: 05 Oct 2023 GMT Daylight Time

Virgin Money