At a Glance
- Tasks: Support analytics and customer behaviour prediction models for financial decision making.
- Company: Join a specialist mortgage lender and retail savings bank with a collaborative culture.
- Benefits: Competitive salary, annual bonus, 30 days leave, and hybrid working options.
- Other info: Inclusive workplace committed to diversity and flexible working arrangements.
- Why this job: Make a meaningful impact in a growing team while developing your analytical skills.
- Qualifications: Mathematical skills and knowledge of statistical concepts are essential; experience with data software is desirable.
The predicted salary is between 30000 - 37500 £ per year.
About the team
The Models and Ratings team provide the Bank with analytical insight through the use of predictive models that support financial decision making across the business, from pricing through to risk. Please note this position is based in our London office.
What you will be doing?
As a Junior Model Development Analyst, you will support the production of analytics and customer behaviour prediction models and deliver actionable insights into the Savings and Mortgage Product teams. Working within a growing area for the team, you will contribute to driving change and making a meaningful impact. Your responsibilities will include:
- Contributing to the design, development, documentation, and maintenance of customer behaviour prediction models under the direction of the Model Manager.
- Supporting model development, monitoring, validation, and recalibration to ensure accuracy and compliance with regulatory and internal standards.
- Supporting the implementation of models across the organisation by assisting in the production of clear documentation and deployment of the models into business processes.
- Conducting analysis that informs the product lifecycle, including pricing elasticity, churn/retention, and customer acquisition.
- Supporting with the delivery of timely, accurate reporting and insights to support committees and other senior stakeholders.
- Producing timely, accurate analysis and reporting to support Mortgage, Savings, and wider business teams.
What's in it for you?
We offer a base salary depending on experience of £30,000-£37,500 and a competitive benefits package including:
- Annual discretionary bonus opportunity: up to 15% of salary.
- 30 days annual leave.
- Choose to contribute 3% or 5% pension, with employer contributions of 6% or 8% respectively.
- Enhanced family-focused benefits.
- Hybrid-working: 3 days in the office, 2 at home.
Do you have the skills?
We are looking for talented individuals who have the experience and knowledge set out below:
- Mathematical and quantitative analysis skills are essential.
- Knowledge of statistical concepts (e.g. regression) is essential.
- Use of data modelling and data analysis software, e.g. SAS, Python or similar are desirable.
- Previous experience in producing reporting/analytical output and presenting material effectively is desirable.
- Previous experience of working within a financial services environment would be advantageous.
Next steps
We are proud to be a Disability Confident employer and are committed to creating an inclusive and accessible workplace where everyone can thrive. We welcome applications from people of all backgrounds and encourage candidates with disabilities and long-term health conditions to apply.
Diversity, Equity & Inclusion
Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we’re happy to have a conversation about what flexibility might look like for you.
Junior Model Development Analyst in London employer: OneSavings Bank PLC
At OSB Group, we pride ourselves on being an excellent employer, offering a dynamic and supportive work environment that prioritises employee well-being and professional development. With competitive salaries, generous annual leave, and a commitment to flexible working arrangements, our Risk Analyst role provides the perfect opportunity to grow your analytical and reporting skills while collaborating with talented colleagues across various departments. Our inclusive culture and focus on diversity ensure that every team member can thrive and contribute to our mission of becoming 'the bank of the future'.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Model Development Analyst in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like OneSavings Bank PLC. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Junior Model Development Analyst in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to OneSavings Bank PLC.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on OneSavings Bank PLC's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at OneSavings Bank PLC
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with OneSavings Bank PLC.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at OneSavings Bank PLC will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former OneSavings Bank PLC employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
