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- Tasks: Lead the development and validation of credit risk models across the customer lifecycle.
- Company: Join Coventry Building Society, a trusted ethical bank with a collaborative culture.
- Benefits: Enjoy 28 days holiday, annual bonuses, private medical insurance, and a personal pension.
- Why this job: Make a real impact in credit risk modelling and drive strategic outcomes.
- Qualifications: Proficient in programming languages like SAS, Python, R, SQL; strong credit lifecycle knowledge.
- Other info: Flexible working options available; recognised as a 'Great Place to Work'.
The predicted salary is between 36000 - 60000 £ per year.
Are you an experienced and analytical leader in credit risk modelling? We're looking for a talented Lead Credit Risk Model Developer to join our team on a 12 month FTC basis to take charge of developing, implementing, and validating 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
- This role will lead the design and development of credit risk models, ensuring they meet both internal governance and regulatory standards.
- The 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.
If you're ready to help shape the future of credit risk modelling at Coventry Building Society, we want to hear from you!
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.
- Health Screening.
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 meets 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.
Lead Credit Risk Model Developer - 12 month FTC in Warrington employer: Coventry Building Society
Contact Detail:
Coventry Building Society Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Credit Risk Model Developer - 12 month FTC in Warrington
✨Tip Number 1
Network like a pro! Reach out to your connections in the credit risk field and let them know you're on the lookout for opportunities. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for those interviews! Research common questions for credit risk model developers and practice your answers. We want you to feel confident showcasing your skills in programming languages like SAS, Python, or R.
✨Tip Number 3
Show off your collaborative spirit! Highlight your experience working with cross-functional teams during interviews. We love candidates who can seamlessly integrate models into decision-making systems and drive strategic outcomes.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows us you’re genuinely interested in joining our team at Coventry Building Society.
We think you need these skills to ace Lead Credit Risk Model Developer - 12 month FTC in Warrington
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Lead Credit Risk Model Developer role. Highlight your experience with credit risk modelling and any relevant programming skills. We want to see how your background aligns with what we're looking for!
Showcase Your Skills: In your application, be sure to showcase your proficiency in programming languages like SAS, Python, or R. Mention specific projects where you've developed credit risk models, as this will help us understand your hands-on experience.
Be Clear and Concise: When writing your cover letter, keep it clear and concise. Focus on your key achievements and how they relate to the role. We appreciate straightforward communication that gets to the point!
Apply Through Our Website: Don't forget to apply through our website! This ensures your application goes directly to us, and we can review it promptly. Plus, it shows you're keen on joining our team at Coventry Building Society!
How to prepare for a job interview at Coventry Building Society
✨Know Your Models Inside Out
Make sure you have a solid understanding of credit risk models, especially those relevant to the role. Brush up on your knowledge of IFRS 9 and the IRB approach, as well as any specific models you've worked with in the past. Being able to discuss these confidently will show your expertise.
✨Showcase Your Programming Skills
Since proficiency in programming languages like SAS, Python, R, and SQL is crucial, be prepared to discuss your experience with these tools. Consider bringing examples of projects where you used these skills to develop or validate models, as this will demonstrate your hands-on experience.
✨Highlight Your Leadership Experience
This role requires strong leadership abilities, so think about times when you've led cross-functional teams or projects. Be ready to share specific examples that illustrate your ability to engage with senior leaders and drive change within an organisation.
✨Prepare for Collaborative Scenarios
Collaboration is key in this role, so think about how you've successfully worked with different departments in the past. Prepare to discuss how you can integrate models into decision-making systems and transform complex data into actionable insights, as this will resonate well with the interviewers.
