Lead Credit Risk Model Developer - 12 month FTC

What You\’ll Be Doing

This role will lead the design and development of credit risk models, ensuring they meet both internal governance and regulatory standards. You role holder will play a key part in establishing a Group Modelling function by implementing best practices for credit modelling delivery. Collaboration across teams will be essential to integrate models into decision‑making systems, transforming complex data into clear, actionable business insights that drive strategic outcomes.

Why Join Us?

• Impactful Role : Lead the development of credit risk models and play a key role in our integration strategy.
• Collaborative Environment : Work closely with Head of Credit Model Integration and the talented team across different departments.
• Become a catalyst for Credit Modelling change : Developing Group Models and new ways of working for a Group Modelling function.
• Transform model risk practice : Help embed improvements in model risk management across the Group.

Find out more about the fantastic benefits of joining Coventry Building Society here.

Our benefits include:

• 28 days holiday a year 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

Location

The team work on a hybrid basis with sites in Coventry and Manchester for in‑person meetings, as and when needed.

We do reserve the right to close this advertisement early if we receive a high volume of suitable applications.

About you

We are looking for someone with the experience and ability to develop new models and contribute to driving forward improvements in credit model delivery practice across the Group.

To be successful in this role, it\’s essential that you\’re able to demonstrate:

• Highly proficient in programming languages and tools such as SAS, Python, R, SQL, or similar.
• Strong understanding of credit lifecycle, regulatory frameworks (i.e IFRS 9, IRB – Basal II and III), and model governance.
• Strong understanding of the model development lifecycle and best practice to drive consistency and efficiency across group modelling functions.
• Track record of delivering high quality and compliant credit risk models across several banking firms.
• Experience of working within risk integration programmes and an ability to engage effectively with programme management, technical experts and senior leaders.
• Proven leadership experience and ability to operate within cross‑functional projects and teams.

Desirable skills for this role are:

• Experience with advanced analytics, machine learning.
• Exposure to retail, SME, and / or corporate credit portfolios.
• Ideally experienced in IRB approach – Basal – II and III

About us

In 2025, Coventry Building Society purchased The Co-operative Bank. Bringing together our purpose‑led building society with the UK’s original ethical bank was the start of an exciting journey.

Trusted by over four million people, we’re a mutually owned business free from shareholders, and with our combined experience of almost 300 years, our ethics and dedication will continue to guide us. Together, we have shared values and an ethical approach towards our members, customers and colleagues.

We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.

We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.

Flexibility and why it matters

We understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.

Proud to be a Disability Confident Committed Employer

We’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.

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