Junior or Senior Analyst - Risk Model Development
Manchester City Centre or work from home
Up to £45,000
35 hours per week
To be eligible to apply for this vacancy you must have the right to work in the Uk without the need for sponsorship.
The Co-operative Bank are longstanding advocates of hybrid and flexible working. During the pandemic our colleagues are working from home fully supported by our bank. As we look to the future, we will continue to offer remote working in roles that allow with the opportunity to spend up 1-2 days in the office per week if desired.
2021 is an exciting time to join The Co-operative Bank and our strong Risk team. We have an excellent opportunity to develop a strong career path at an award-winning, ethically and digitally driven bank. We are looking for ambitious and determined Analysts who are keen to jump-start their career in risk model development. If you can bring a quantitative educational background, and/or the ability to code we are offering a brilliant opportunity to gain a specialist skillset in risk model development, in a flexible and supportive environment.
As someone of a logical mind-set, you will join our Risk Model Development team, developing and implementing retail and corporate credit risk models. Already a risk modeller? You will get to work with our expert team across risk and the wider business all whilst enhancing your strong specialist skillset.
Whether you are towards the beginning of your career or a bit more experienced, this is an outstanding opportunity to develop your skills and gain that next step up the ladder.
Key accountabilities:
* Responsible for the build and maintenance of the Bank's credit risk models, including IRB (retail and corporate), provisioning and stress models.
* Develop credit risk models meeting agreed business and regulatory requirements including associated data analysis and documentation.
* Monitor performance of the implemented model inventory
* Present & discuss the outcomes of model build and monitoring with stakeholders
* Work collaboratively with other model teams across the Bank to achieve best practice
* Proactively encourage a culture of best model practice throughout the institution.
Knowledge, skills and experience required:
- Degree in quantitative subject such as mathematics, statistics, economics, finance, physics or engineering is required. A higher degree in similar subjects is an advantage over bachelor’s OR relevant experience.
- Proficiency in SAS or R or similar, proficiency in other statistical software or in data management is not essential but would be an advantage.
- Relevant prior experience is an advantage
What you can expect from us:
* 27 days holiday at start, rising to 30 days
* Agile working including opportunity to work from home
* Competitive pension / income protection / life assurance
* 2 paid days for volunteering per year
* Positive working environment in contemporary offices centrally located in Manchester
* Strong career path within Financial Services
* Family friendly policies and supportive working environment
* Recognition scheme and a culture in which we celebrate success
* Colleague network groups committed to inclusion and diversity within our Bank.
Our Bank is committed to continuing to create a diverse workforce and an inclusive environment where all colleagues can fulfil their potential. We welcome applications from talented individuals from all backgrounds and lifestyles who can work with us in maintaining a culture of belonging, where people are valued and respected.
If you require more information or this document in a different format, please contact our careers team.
As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.
Please note: we are able to close this role at any point should a successful candidate be identified.
As a Disability Confident employer, we commit to interviewing all disabled* applicants that meet the minimum knowledge, skills & experience for the role. If you meet this criteria please advise on your application.
*As defined in The Equality Act 2010*. By ‘minimum criteria’ we mean you should provide us with evidence which demonstrates that you generally meet the level of competence required and have the qualifications, skills or experience defined as essential to perform the role.