Senior Risk Analyst - Unsecured Credit Risk

Here at Nationwide we put our members at the heart of everything we do and every role, no matter what it’s doing, has a part to play in this. The Unsecured Credit Risk team is responsible for managing the asset quality of the Society’s unsecured portfolios, which includes designing effective new lending strategies, managing the credit quality of the portfolio, and providing specialist credit risk advice to the business.

The team use their analytical skills and experience to provide insight that helps inform our business directors of what decisions they need to make. The decisions we make in terms of who we lend to can affect our growth and our members.

As a Senior Risk Analyst, you’ll be working alongside a Risk Manager on a wide range of activities. This includes monitoring the Portfolios, identifying trends and their root causes and working with large datasets to create insights and improve risk strategies.

This is a great opportunity to join our team and help us drive and develop our credit risk capabilities. The team are close knit, friendly, dynamic and this role provides an opportunity to join a team that keeps the society safe and secure for our members.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you\’ll spend at least two days per week, or if part time you\’ll spend 40% of your working time, based at our Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here .

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

As a Senior Risk Analyst, you will assess and quantify risks in the unsecured retail lending portfolio to balance risk and reward. You will develop risk management strategies using data analysis and predictive models, and mentor junior team members in risk analysis and portfolio management.

To do this you’ll:

• Extract and analyse data using SAS, PowerBI, and Excel.
• Create useful and meaningful insights & management information.
• Simplify complex messages for non-technical audiences.
• Develop and refine Credit Risk strategies to maintain robust controls and support Nationwide\’s members.
• Collaborate with stakeholders from Systems, Modelling, Product, Marketing, Oversight, and Operational teams.

About you

We’re interested in people who are innovative, keeping abreast of market changes and constantly looking for new ways of doing things. With a logical and analytical mind, you’ll solve complex problems with passion; thinking of things that no one has considered before. We are interested in people who enjoy working in a fast-paced team, have a real interest in Credit Risk, and are not afraid of taking on a challenge.

As a minimum requirement you’ll need to have/be:

• Proficiency in Credit Risk Portfolio Management.
• In-depth knowledge of Retail Credit Risk, especially in Unsecured lending.
• Experience with advanced analytical tools (e.g. SAS) and software (e.g. PowerBi).
• Self-motivated, articulate and highly numerate, with experience of presenting/ explaining your findings to others verbally or through a written report.
• A track record of using statistical and business analysis to drive innovative strategy changes.
• A great team player, with a willingness to support and lead your colleagues to tackle problems head on.
• The drive to stretch yourself and develop yourself and others around you.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub – Access to a range of free and paid options for health and wellness
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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