Business Unit:  Model Risk Analytics
Salary range:£44,000 - £55,000 per annum DOE + red-hot benefits
Location:  UK Flexible
Contract type: Permanent  
Live to challenge the status quo. Live a life more Virgin.

Our Team
As an IFRS 9 Senior Technical Specialist you’ll be responsible for leading model developments and quantitative and qualitative analysis. 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
*Providing input into the scoping, design, development, validation and implementation of credit risk models, in line with Bank standards and regulatory compliance requirements
*Independently leading statistical analysis to ensure the Retail and Business loan loss provision models currently in operation remain robust and fit for purpose
*Leading key discussions and presenting analytical findings and solutions to a range of stakeholders both within and external to the modelling area
*Providing first-class model documentation and recommendation papers to governance committees
*Supporting the development of junior analysts.
We need you to have
*Familiarity of a variety of modelling techniques with experience of applying them, ideally in a banking environment.
*Technical experience of model development projects within banking with an understanding of model usage.
*Expertise in the use of statistical analysis software (e.g. SAS, Python or R) as well as MS Office
*Excellent communication, listening and writing skills with an ability to listen, understand and respond succinctly.
*Practical experience of interpreting complex data utilising strong analytical skills.
*Experience of determining priorities and participation of the planning process.
*Team building and collaborative mindset.
It’s a bonus if you have but not essential
*A degree in a numerate discipline subject (e.g. statistics, maths, engineering, econometrics)
*Knowledge of economical processes, ideally with some experience of economic time series analysis
*Functional Risk and Regulatory knowledge ideally within IFRS 9 and/or IRB and Stress Testing.
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.
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, and we’re putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people’s lives. We’re customer-obsessed and work tirelessly to deliver on our purpose, ’Making You Happier About Money.’ This means we’re able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. 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
It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 
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.