Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the development and validation of credit risk models across the customer lifecycle.
- Company: Join Coventry Building Society, a top UK building society dedicated to improving members' lives.
- Benefits: Enjoy 28 days holiday, annual bonuses, private medical insurance, and a hybrid working model.
- Why this job: Make a real impact in credit risk modelling while collaborating with senior leaders and cross-functional teams.
- Qualifications: Experience in credit model development, proficiency in programming languages, and strong leadership skills required.
- Other info: We value diversity and offer flexible working patterns; apply if you meet our criteria!
The predicted salary is between 48000 - 72000 £ per year.
Join to apply for the Lead Credit Risk Model Developer – 12 month FTC role at Rita Blue.
1 week ago Be among the first 25 applicants.
Get AI-powered advice on this job and more exclusive features.
About The Role
Are you an experienced and analytical leader in credit risk modelling? Were looking for a talented Credit Modelling Senior Manager to join our team on a 12-month FTC to develop, implement, and validate credit risk models across the customer lifecycle. This is a fantastic opportunity to play a key role in integrating and enhancing our existing credit models while collaborating closely with senior leaders to build a Group Credit Modelling function.
What You\’ll Be Doing
- Design & build credit models and lead their development.
- Support the creation of a Group Modelling function, developing best practices for credit modelling.
- Collaborate with teams across the business to integrate models into decision-making systems.
- Ensure compliance by building models that meet internal and regulatory standards.
- Transform data into clear business insights.
Why Join Us?
- Impactful role: Lead the development of credit risk models and contribute to our integration strategy.
- Collaborative environment: Work closely with the Head of Credit Model Integration and cross-departmental teams.
- Be a catalyst for change: Develop Group Models and innovative ways of working.
- Transform model risk practices: Help embed improvements in model risk management across the Group.
If you\’re ready to help shape the future of credit risk modelling at Coventry Building Society, we want to hear from you!
Find out more about the benefits of joining Coventry Building Society here.
Our Benefits Include
- 28 days holiday plus bank holidays and a holiday buy/sell scheme.
- Annual discretionary bonus scheme.
- Personal pension with matched contributions.
- Life assurance (6 times annual salary).
- Private Medical Insurance.
- Health Screening – Eligible.
Location
The team works on a hybrid basis and visits the Coventry site as needed, usually twice a month.
We reserve the right to close this advertisement early if we receive a high volume of suitable applications.
About You
We seek someone with experience in developing new models and improving credit model delivery practices across the Group.
To succeed, you should demonstrate:
- Proficiency in programming languages/tools such as SAS, Python, R, SQL, or similar.
- Strong understanding of credit lifecycle, regulatory frameworks (IFRS 9, Basel), and model governance.
- Experience in the model development lifecycle and best practices.
- Track record of delivering high-quality, compliant credit risk models in banking.
- Experience working within risk integration programmes and engaging with management and technical experts.
- Proven leadership and ability to operate in cross-functional teams.
Desirable skills include experience with advanced analytics, machine learning, and exposure to retail, SME, or corporate credit portfolios.
About us
We are one of the largest building societies in the UK, committed to improving members\’ lives. Recognized as a Great Place to Work, we offer benefits beyond pay, including a discretionary bonus, recognition culture, and wellbeing support. We value diversity and are committed to equality.
Flexibility and why it matters
We consider alternative working patterns where possible. Please discuss options before applying.
Disability Confident Employer
We offer interviews or assessments to all disabled applicants meeting minimum criteria and participate in the Disability Confident scheme.
#J-18808-Ljbffr
Lead Credit Risk Model Developer - 12 month FTC employer: Rita Blue
Contact Detail:
Rita Blue Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Credit Risk Model Developer - 12 month FTC
✨Tip Number 1
Familiarise yourself with the latest regulatory frameworks like IFRS 9 and Basel. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance in credit risk modelling.
✨Tip Number 2
Showcase your programming skills by discussing specific projects where you've used SAS, Python, R, or SQL. Be ready to explain how these tools helped you develop or improve credit models in your previous roles.
✨Tip Number 3
Prepare to discuss your experience in cross-functional teams. Highlight instances where you collaborated with different departments to integrate models into decision-making systems, as this is crucial for the role.
✨Tip Number 4
Research Coventry Building Society's current credit risk models and any recent changes in their approach. This knowledge will allow you to engage in meaningful conversations during interviews and show your genuine interest in the company.
We think you need these skills to ace Lead Credit Risk Model Developer - 12 month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit risk modelling and any relevant programming skills such as SAS, Python, or SQL. Emphasise your leadership experience and any successful projects you've led.
Craft a Compelling Cover Letter: In your cover letter, explain why you're passionate about credit risk modelling and how your background aligns with the role. Mention specific experiences that demonstrate your ability to develop and validate credit risk models.
Showcase Relevant Skills: Clearly outline your proficiency in regulatory frameworks like IFRS 9 and Basel, as well as your understanding of the credit lifecycle. Highlight any experience you have with advanced analytics or machine learning.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in the field of credit risk modelling.
How to prepare for a job interview at Rita Blue
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in programming languages and tools like SAS, Python, R, or SQL. Be prepared to discuss specific projects where you applied these skills, especially in developing credit risk models.
✨Understand the Regulatory Frameworks
Familiarise yourself with key regulatory frameworks such as IFRS 9 and Basel. During the interview, demonstrate your understanding of how these regulations impact credit modelling and compliance.
✨Emphasise Leadership Experience
Since this role involves leading model development, be ready to share examples of your leadership experience. Discuss how you've successfully managed cross-functional teams and contributed to collaborative projects.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in credit risk modelling. Think about past challenges you've faced and how you overcame them, particularly in integrating models into decision-making systems.
