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- Tasks: Lead the development and monitoring of impairment models to enhance decision-making.
- Company: Join Vanquis, a top-rated bank committed to caring banking and employee empowerment.
- Benefits: Enjoy 25-30 days holiday, flexible working, and a generous pension scheme.
- Why this job: Make a real impact in a supportive environment while growing your skills.
- Qualifications: Experience in impairment modelling and strong technical skills in SAS, Python, and SQL.
- Other info: Hybrid working model with opportunities for professional development and volunteering.
The predicted salary is between 36000 - 60000 ÂŁ per year.
About Vanquis
At Vanquis, our purpose is simple: to deliver caring banking that helps people make the most of life's opportunities. Founded in 1880, we're now a FTSE All Share specialist bank supporting over 1.7 million UK customers with responsible, tailored lending. We're proud to be certified as a Great Place to Work and recognised by the Financial Times as one of the UK's Best Employers 2025 – ranked top 50 nationwide and seventh in Banking & Financial Services. We’re also proud signatories of the Armed Forces Covenant, actively supporting veterans, reservists and military families. Guided by our values – caring for people, pulling together, finding better ways and getting the right things done – we're building a workplace where colleagues feel connected, valued and empowered. Alongside competitive pay, we offer meaningful benefits, salary reviews, a discretionary bonus scheme and continued recognition. We're invested in your development too. With the right support and hands‑on learning, you’ll grow your skills, shape your career and realise your ambitions.
Responsibilities
- Develop, monitor and calibrate the Bank's provisioning models.
- In conjunction with the decision science, data & analytics teams, plus any relevant third‑party providers, lead the remediation actions raised by the 2nd line Model Risk team (MRO) validation, along with initiating relevant model recalibrations and enhancements.
- Lead the impairment model monitoring, working with Credit Risk and Data/Analytics team.
- Ensure relevant governance and controls are followed with regards to the impairment process and any enhancements.
- Work with the wider Impairment team to maintain and enhance segmentation, reporting, controls, monitoring, governance, and robust procedural documentation for internal and external stakeholders.
- Perform ad‑hoc analyses as required and provide recommendations and solutions based on analysis.
- Working with the wider treasury and finance teams ensure internal and external audit points are addressed and closed in a timely manner.
- There is an overarching responsibility to understand and evaluate impairments impacts as the bank grows and launches new products and services.
Leadership & Collaboration
- Champion a culture of collaboration and continuous improvement.
- Inspire and engage colleagues by clearly communicating objectives and aligning goals with broader strategic priorities.
- Encourage technical excellence and capability development within the impairment modelling team.
- Actively support talent development by identifying skill gaps and mentoring junior team members.
- Promote innovation and best practices in modelling, governance, and risk management to enhance decision‑making and operational resilience.
Experience Required
- Extensive practical experience in designing, building and calibrating impairment models, ensuring robustness and compliance with IFRS 9 standards, and delivering innovative solutions to complex modelling challenges.
- Strong technical expertise in SAS, Python, and SQL/Snowflake for model development and data manipulation.
- Hands‑on experience collaborating with decision science and data analytics teams to implement model enhancements and validate performance.
- Solid understanding of the impairment framework and IFRS 9 reporting requirements within a regulated financial services environment.
- Experience working with diverse credit portfolios (e.g., credit cards, vehicle finance, or non‑standard retail credit markets) is highly desirable.
Professional Qualities
- Process‑oriented approach to model governance, monitoring, and lifecycle management.
- Strong problem‑solving skills with the ability to interpret complex data and translate insights into actionable recommendations.
- Strong communication skills – able to present technical concepts clearly to both technical and non‑technical stakeholders.
- High attention to detail and a methodical approach to work, ensuring accuracy and compliance.
- Self‑starter with a proactive mindset and strong motivation to add value through continuous improvement and innovation.
- Strong computer literacy, especially with Microsoft Excel and related tools.
Working Pattern
Hybrid – typically a couple of days a week in the office. Part‑time or flexible arrangements are considered to support work‑life balance.
What We Offer
- Holidays: 25 days holiday up to 30 days (depending on service)
- Pension: We know it is important to save for the future, that is why we will contribute up to 10%
- Maternity/Paternity: We realise that family time is important, we offer enhanced maternity (after successful completion of probation) and 4 weeks paternity leave
- Workations: opportunity to work abroad 20 days a year (approved list of countries) enabling you to visit family and friends or extend your trip
- Volunteering: 2 paid days to 'give back' to the charity of your choice
- Development: LinkedIn Learning for all
- Finance: Snoop Premium available to all colleagues
- Opportunities to connect: via quarterly socials, in‑person and virtual company updates
- Medical: Opportunity to opt in for Private Medical Insurance
- Bonus: Discretionary annual bonus
#YourVanquis – The Bank that's got your back. For our customers. For our colleagues. For what comes next
Impairment Model Manager employer: Information Commissioner's Office
Contact Detail:
Information Commissioner's Office Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Impairment Model Manager
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their values and how they align with yours. This will help you show that you're not just a fit for the role, but for the team too!
✨Tip Number 3
Practice your answers to common interview questions, but keep it natural. Use the STAR method (Situation, Task, Action, Result) to structure your responses and highlight your achievements effectively.
✨Tip Number 4
Don’t forget to follow up after your interview! A simple thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar!
We think you need these skills to ace Impairment Model Manager
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter to highlight your experience with impairment models and compliance with IFRS 9 standards. We want to see how your skills align with our needs at Vanquis!
Showcase Your Technical Skills: Don’t forget to mention your expertise in SAS, Python, and SQL/Snowflake. We’re looking for someone who can hit the ground running, so let us know how you’ve used these tools in your previous roles.
Highlight Collaboration Experience: Since we value teamwork, share examples of how you've worked with decision science and data analytics teams. Show us how you’ve contributed to a culture of collaboration and continuous improvement!
Keep It Clear and Concise: When writing your application, be clear and to the point. Use straightforward language to explain your experiences and achievements. We appreciate a methodical approach, so make sure your application reflects that!
How to prepare for a job interview at Information Commissioner's Office
✨Know Your Models Inside Out
Make sure you have a solid understanding of impairment models, especially how they align with IFRS 9 standards. Be ready to discuss your experience in designing and calibrating these models, as well as any challenges you've faced and how you overcame them.
✨Showcase Your Technical Skills
Since the role requires expertise in SAS, Python, and SQL/Snowflake, be prepared to demonstrate your technical abilities. Bring examples of past projects where you used these tools for model development or data manipulation, and be ready to explain your thought process.
✨Emphasise Collaboration and Leadership
Vanquis values teamwork and continuous improvement, so highlight your experience in leading teams and collaborating with others. Share specific examples of how you've inspired colleagues or contributed to a culture of innovation in your previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to interpret complex data. Think of scenarios where you've had to make recommendations based on your analyses, and be ready to walk the interviewer through your decision-making process.