Model Development Analyst

Model Development Analyst in London

London Full-Time No home office possible

About the team

We are seeking a skilled and motivated Model Development Analyst to join our team in London. In this key role, you will be responsible for designing, building and maintaining bank models, ensuring compliance with regulatory standards. If you’re passionate about analytics, model development and contributing to the strategic success of OSB Group, this could be the opportunity for you.

About Us

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.

Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

Alongside passion for our products and customers, we\’re passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work. This is supported by our Diversity, Community and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme.

What you will be doing

In this role, you will provide analytics, model development and reporting duties for the Models and Ratings team. Specifically supporting the development and maintenance of regulatory compliant rating systems used for the Internal-Ratings Based (‘IRB’) approach, compliance with the International Financial Reporting Standard 9 Financial Instrument (‘IFRS9’) rules and other models used by the business across the customer life-cycle.Be accountable directly to a Model Manager in Models and Ratings for the design, build and maintenance of bank models, which includes all customer life cycle models in addition to Basel and PRA compliant IRB models and audit approved IFRS 9 models;

Support the implementation of such models across the organisation and provide expert assistance to ensure practical use, application and documentation and proof of the same;

Be accountable to a Model Manager to support the organisation obtaining and maintaining its IRB status and maintain IFRS9 compliance; that the models and rating system are fit for purpose; and can be relied upon to accurately assess capital and IFRS9 reporting requirements for credit risk and impairment modelling;

Support Risk in providing an informed view of the credit profile of the bank, potential impairments and support the stress testing of the same, particularly as it relates to potential losses and capital consumption assessment and planning;

Undertake analysis to support the assurance that the requirements for an IRB firm and IFRS 9 are being met and that the models and rating systems in place are performing in accordance with expected standards and outputs;

Undertake analysis, model development and monitoring for IRB, IFRS9 and other Bank models. Ensuring the models differentiate properly by asset class as they relate to the initial assessment, decision-making, application processes, behavioural monitoring processes and loss given default (‘LGD’) outputs to deliver a suite of models which are capable of delivering accurate Expected Loss (‘EL’) for the portfolio and cohorts;

In return for your commitment

We offer a base salary dependent on experience of between £35,000 – £55,000 and a competitive benefits package including:

Discretionary annual bonus opportunity of up to 15%

28 days annual leave plus bank holidays

Contributory pension (8% employer 5% employee)

Life Assurance (4x salary) plus Group Income Protection

Access to Private Medical Insurance and Medical Cash Plan

Maternity & Adoption Leave – Occupational Maternity/Adoption Pay provided at 100% of salary for the first 13 weeks and at 50% of salary for the next 13 week period.

Paternity Leave – 4 weeks of paid leave to be taken within 8 weeks of childbirth

Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

Could you be the one?

We are looking for talented individuals who have the experience and knowledge set out below:

Advanced mathematical, modelling and quantitative analysis skills are essential

Advanced use and application of data modelling and data analysis software: specifically SAS, WPS or similar are essential

Excellent IT skills: of Microsoft Word/Excel/PowerPoint/Visual Basic are essential

Excellent verbal and written communication skills are essential

Previous experience of working first hand in a Risk environment is desirable

Previous experience of working closely with management functions, experience in producing reporting/analytical output and presenting material effectively is essential

Previous experience of model building or validation, quantitative analysis and data manipulation is essential

Experience working effectively with Internal and External Audit is desirable

Experience working in an IRB or IFRS 9 project environment is desirable

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

What to do next

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.

If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!

OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds.

As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles. Our leadership and Executive Committee are right behind us, to the extent that our Diversity Champions sit at Board level and on a monthly basis receive updates on our progress.

Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not just productive in an office and tied to the 9 to 5. Flexible-working opportunities are important for establishing a healthy work-life balance so if you see a role of interest we are happy to be asked about flexibility and explore together if we can make it work.

All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.

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