Senior Pricing Analyst
Remote Working with option to work from Manchester office when desired
CR3 – Secondment / 6 month FTC
Up to £43k
2022 has already been a milestone year for The Co-operative Bank celebrating 150 years of ethical banking in which we have delivered against the ambitious turnaround plan set three years ago to elevate the financial strength and stability of the Bank.
These results demonstrate that our leading position on ethical and social matters is not only good for our communities, but also delivers strong commercial outcomes. As ethics and sustainability become increasingly important to consumers, now more than ever, there is an important role for an ethical bank like us in the market place.
We are longstanding advocates of hybrid and flexible working and offer remote working in roles that allow, with the opportunity to spend 1-2 days in the office where desired.
The role:
As a Senior Pricing Analyst you will produce pricing recommendations and supporting analysis for all Retail banking products. You would support Retail Product Managers in their delivery of commercial objectives, optimising pricing to acquire new customers and build relationships with existing customers as well as support Product Managers and Performance and Forecasting teams in the development of the annual strategic plan.
Key Accountabilities:
- Define and own the e2e customer experience including customer attraction, application, service, usage, customer need changes, key customer help requests, customer interventions, retention strategies and closures.
- Support review of Pricing in line with Consumer Duty reforms to ensure our products offer fair value and deliver good outcomes for our customers.
- Deliver analysis that supports pricing and rate changes in the business as well as support risk appetite tracking, forecasting, plan performance management and funding requirements.
- Support a customer-centric culture which inspires and motivates colleagues across Retail Products.
- Produce and continuously develop all Retail Product, Competitor and Customer analytical /MI requirement
- Support the development and delivery of pricing elasticity and propensity models that result in the delivery of optimal pricing recommendations for the Deposits, Secured and Unsecured lending portfolio.
- Working with Risk and Compliance, ensure compliance with risk appetite and ensure appropriate governance is followed for all decision-making.
Knowledge, Skills and Experience Required:
- Good knowledge of the UK Financial Services market place, Banking products and categories (product strategies, pricing, analytics, competitor activity, market developments and trends).
- Finance qualification is preferable, but not essential.
- Understanding of critical category value drivers and commercial outcomes.
- Track record in planning, forecasting and financial interpretation skills.
- Proven track record in stakeholder management.
- Strong communications / Influencing skills evidenced through a number of techniques.
- Technical expertise in analytical tools and techniques.
What You Can Expect From Us:
- Flexible and remote working
- 27 days holiday, plus opportunity to buy 5 extra days
- Competitive pension / income protection / life assurance
- Positive, friendly work culture that promotes work life balance
- Commitment from employers on continued learning & development
- Wellbeing support ‘Help@Hand’ offers mental health support, physiotherapy, GP’s for both you and your family
- 2 paid days for volunteering per year
- ‘MyReward’ corporate discount for over 800 retailers and Cycle to Work Scheme.
- 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 careers@co-operativebank.co.uk
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.