Associate Risk Data Scientist Remote
Job description
Work type: Permanent Full Time
Location: Remote - work from anywhere within the UK
Categories: Risk, Risk and Financial Modelling
Business Unit: Risk Analytics Centre of Excellence
Salary range: £24,400 - £30,500 per annum
We’ve made huge progress on our transformation into a digital bank – from launching new digital propositions for customers to giving our colleagues more flexibility and Virgin oomph. Together, we’re creating something unique in UK banking. And we’re accelerating our digital drive to position ourselves as the number one digital bank, so it’s a massively exciting time to be joining us.
Here’s what it means for YOU:
- 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
- Up to five extra paid well-being days per year
- A 35-hour working week
- 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
- Market leading Pension & Private Medical Insurance
- Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
- Ability to work anywhere in the UK (where the role allows)
And you get these Red-Hot Rewards from day one!
We’re at our best when we have something to drive us forward, a belief that underlines who we are and what we do. Our Purpose. We want to make people happier about money – and that idea starts with every single one of us here at Virgin Money. Here at Virgin Money, we take a huge amount of pride in what we do, working seamlessly across all areas to achieve the same goals for the business.
This is an exciting time as we stand up our Risk Analytics Centre of Excellence (RACE). Our ambition is to drive forward enhanced modelling capability by providing:
- Consistency: Modelling choices conducted consistently across models removing incoherence between outputs.
- Best practice sharing: Advanced modelling approaches rapidly shared.
- Delivery speed: Ability to load balance across a large, centralised team of similar skill set, building on pre-existing data sets and codes and rapidly engage with system implementation.
- Efficiency: Consolidated model landscape with re-use of engineered and cleaned data and validated code snippets
You’ll be responsible for providing analytics for model developments as well as in maintenance of current models. 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.
- Supporting the team with analytics to help scope, design, develop, validate and implement credit risk models, in line with Bank standards and regulatory compliance requirements.
- Completing analysis on provision models currently in operation to ensure they remain fit for purpose and identifying potential enhancements to modelling suites.
- Supporting, maintaining and developing regular processes including monitoring, calibrations, annual reviews and quarterly economic model refreshes.
- Documenting analytics to support recommendation papers to committees and stakeholders
- Participating in team and wider network discussions across the Bank.
- A numerate degree or equivalent technical experience.
- Strong analytical skills.
- An insatiable curiosity for understanding and interpreting complex data and analytics.
- Enthusiasm for learning coding languages and statistical techniques.
- Some experience in MS Office software, e.g. Word, Excel, Powerpoint.
- Good communication skills both written and verbal.
- Team building mindset.
- Awareness or knowledge of economical processes, ideally with some experience of economic time series analysis.
- Knowledge or experience of processing and interpretation of data and modelling, as well as using statistical analysis software (e.g. SAS, Python, R).
- Some experience in building trusted relationships with stakeholders.
We really need you to have the skills and experience listed in the essentials section above, but the rest is just our wish list. We’d love to hear from you and are on the lookout for like-minded individuals and innovators like you to help push us forward. We’re also transforming how we work to give our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.
Inclusion at Virgin Money
Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our friendly team at [email protected].
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 will need to you to confirm you have the Right to Work in the UK.
If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.
Advertised: 06 Apr 2023 GMT Daylight Time
Applications close: 20 Apr 2023 GMT Daylight Time
