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Senior Provisioning Analyst IFRS9

In a nutshell

Credit Risk ensures the bank lends within agreed risk appetite, which is set by the Bank’s board. The team sits in a 2nd Line Risk function and as well as developing and overseeing compliance with the bank’s risk appetite, is also responsible for the development of a credit risk strategy which is in line with that risk appetite, and which supports the Commercial vision for the bank. There are four teams within Credit Risk who perform distinct tasks:

• Portfolio Management – Development and monitoring of credit risk strategies. Oversight of compliance with credit risk appetite and supporting policies.
• Risk Modelling – Build and monitor credit risk, financial crime, provisioning and collections and recoveries models.
• Provisioning and Forecasting – Calculate and forecast bad debt charge using IFRS9 compliant models.
• Systems – Maintain and develop credit risk and financial crime decision systems and platforms.

This role sits within the Provisioning & Forecasting Team, and you will be responsible for production of the monthly impairment numbers, maintaining, developing, and implementing changes to the IFRS9 BAU Provisioning models and the associated processes, controls, and management / regulatory / statutory reporting.

What you’ll be doing

• Run the IFRS9 Provisioning models to produce the monthly impairment numbers in accordance with deadlines, for input into the Bank’s monthly P&L reporting.
• Ensure 1st line control activities are performed in line with the Bank’s Control Framework and to investigate any failures and raise any data related incidents.
• Production of the regular suite of Provisioning MI to support updating of BAU reporting and key driver analysis.
• Provide analytical support and insight into the key drivers of provisioning and downstream impacts of IFRS9 on the business.
• Understand and adhere to the teams ‘Change Control Process’ when undertaking change activity on IFRS9 Provisioning. This will involve making changes to SAS code, following the test approach and testing changes have been updated correctly.
• Assess impact of any proposed changes to Provisioning EUC either from model changes or changes to platform or data feeds.
• Support internal / external audit queries.
• Support the lead manager in identification and delivery of opportunities to improve the sophistication and effectiveness of the provisioning methodologies, processes and controls. This may include development of proposals and presentation at the appropriate forums.
• Understand the needs of key stakeholders in the Modelling, Portfolio, Commercial and Finance teams to ensure that the models meet the needs of the business.
• Develop and maintain a number of Regulatory and Statutory Reports.

What you need to know and show

• Proven experience in the use of computer based software statistical packages (e.g. SAS, SQL).
• Highly numerate
• Well organised, able to prioritise workload and work effectively and accurately under pressure
• Customer focused
• Strong relationship management skills
• Exceptional verbal communication skills. Able to convey technical issues to non–technical colleagues.
• Excellent written communication skills – business and project reports, and technical papers.
• Excellent problem solving skills.
• Proven track record of working on own initiative, with the ability to introduce fresh thinking to the role and the wider team.
• Demonstrate an ability to think and reason logically
• Attention to detail.
• Excellent team player with ability to work closely with others to deliver results

Our benefits

In addition to the all-important salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits…

• We offer flexible working to help you achieve a good work/life balance
• Opportunity to buy extra holidays is on the table
• Discounts on your weekly shop, buying a laptop or sofa? We’ve got it covered through your Sainsbury’s, Argos and Habitat store discount card
• Cycle to work scheme and great coffee and cake!

A little about us & our culture

We’re proud of our heritage as the UK’s first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore we need innovators to join us and drive the next phase of our evolution.

We’re a friendly bunch who collectively share a passion to make our customers’ financial lives easier.

As part of the wider Sainsbury’s Group, being one of the UK’s most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

Everyone is welcome at the Sainsbury’s Group, and we’re proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.

Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.

If you’re interested in applying and are excited about working with us but are unsure if you have the right skills and experience – we’d still love to hear from you! We’d also be happy to discuss more flexible working options such as job shares and part time working.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

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