Senior Credit Risk Analyst
Reading, GB
1d ago

Senior Credit Risk Analyst - Models & Analytics-(2000006O)

Heard of us?

We’re an award-winning bank; backing people to fulfil life’s hopes and dreams.

Now is your chance

The Credit Risk Team sits within the Bank’s Risk Function but is deeply embedded in the Bank’s market leading Credit Risk business line.

The team has a wide scope of work supporting a significant business line and operation and plays a critical role in both its managing risks and delivering excellent customer experience.

Our team is responsible for the development and provision of meaningful analysis and modelling across the Bank, conducting portfolio and product analysis, supporting the build and development of appropriate risk models and automated credit decisioning models / strategies to identify opportunities, mitigate risk / loss and provide analysis and insight to support the development of credit risk management.

What would your day look like?

You will report into the Manager - Credit Risk Models and Analytics, who will be your line manager and responsible for things like performance review meetings, 1-1s and development conversations.

The role of Senior Analyst is really important to us. You will support the assessment of changes to credit risk appetite / policy and modelling the impacts of such changes.

You will be responsible for :

  • Understand the design, develop and implementation of credit risk models and scorecards validated to standards appropriate to the Bank and its activities.
  • Develop and maintain the credit risk stress testing framework and provide credit risk input to ICAAP, ILAAP and RRP.
  • Deliver forecasts and insight to provisions and losses including support for financial budgeting processes and key stakeholder requirements eg : investor presentations.
  • Challenge business inputs, methodologies and assumptions for the calculation / forecasting of key provision information Cost of risk, EL, arrears.

  • In conjunction with the credit policy team be able to evaluate, model and assess the financial impacts that changes to risk appetite will have on the portfolio.
  • Ensure that the data used to assess credit risk is fit for purpose in terms of quality, quantity, breadth and timeliness.
  • Prepare and develop portfolio analysis to identify risk concentrations within the portfolio and to influence, support and develop origination and portfolio management strategies.
  • What do we expect of you?

  • Experience in design, development, monitoring and oversight of credit risk management models, scorecards and systems.
  • Experience working with Advanced IRB credit models
  • Understanding of best practice in credit risk management and how modelling supports this.
  • Analytical experience, with high aptitude for data analytics and problem solving.
  • SAS coding experience, advanced Excel, PowerPoint and Word skills
  • Influencing and networking skills to support the delivery of role accountabilities and positively engages with colleagues and stakeholders to drive positive change.
  • Actively encourages people to transfer knowledge between teams and departments.

  • Passion for analytics and learning. Expands own knowledge and skills to help improve own performance
  • What can you expect of us?

  • A friendly and flexible culture, synonymous with our proposition to our Customers.
  • A smart yet comfortable working environment, well located for the daily commute and those lunchtime errands.
  • A growing organisation that defines itself as being nimble, lean and strong.
  • A drive for continuous improvement, for which you will be empowered to get behind from day one.
  • A visible and approachable ExCo; who you will very likely to bump into whilst making your morning coffee.
  • And of course you will be compensated competitively, with a good range of core benefits and bonus potential.

    Still Curious? A lot can happen in a year!

    In 2019 Aldermore Group was formed; bringing together two very successful businesses, Aldermore Bank and MotoNovo Finance, under the First Rand umbrella.

    Whilst our parent company operates internationally from their HQ in South Africa, we are a UK-based financial services specialist that supports our customers across a range of products and services, with hubs throughout the UK, including London, Reading, Manchester and Cardiff.

    We also celebrated our 10th Birthday and fundamentally 10 years of helping those with ideas; by saying yes to our customers.

    We’ve propelled entrepreneurs on their journeys; we’ve given first-timers a leg-up onto the property ladder; and we’ve opened up the lending market to many.

    As for what the next 12 months has to offer; we are embarking upon the delivery of our Purpose; a Purpose that underpins our next 3 to 5 years as a growing business.

    Join us today and we will make the same Promises to you as an employee, as we do to each of our Customers.

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