At a Glance
- Tasks: Support the development and monitoring of Credit Risk Models while ensuring data integrity.
- Company: Award-winning UK bank focused on growth and employee wellbeing.
- Benefits: Generous holiday allowance, flexible working, and employee discounts.
- Other info: Inclusive workplace with opportunities for personal development and career growth.
- Why this job: Join a friendly team and make a real impact in credit risk management.
- Qualifications: Degree in Mathematics or Statistics; experience with R, SPSS, SAS, or SQL preferred.
The predicted salary is between 59400 - 72600 £ per year.
About The Role
A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK and, working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. We’re flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential.
What you’ll be doing
- The Credit Risk Modeller is responsible for:
- Providing support for the development, validation, implementation and monitoring of Credit Risk Models, in line with regulations and Model Governance standards.
- Performing detailed and well documented analyses to support the development of the models.
- Validating modelling and analytical results, ensuring accuracy and sensitivity of findings.
- Specifying, implementing and maintaining databases in support of the model development and monitoring.
- Monitoring and investigating data integrity issues for all the data elements used within the modelling and live production of the model outputs.
- Creating and producing the regular monitoring of the stability, integrity and effectiveness of the models, highlighting adverse changes and proposing remedial action plans.
- Devising logical, efficient and well documented programs.
About You
- Degree level qualification in Mathematics, Statistics or equivalent.
- Understanding of database manipulation techniques and software, preferably experience using R, SPSS, SAS or SQL.
- Curiosity and passion for data and problem solving.
- Strong interpersonal skills, presentation and report writing skills.
- Preferable to have understanding of credit risk management and / or credit scoring.
Even if you don’t meet all the criteria, we encourage you to apply. At Paragon, we value diversity and we’re excited to hear from passionate individuals like you! If you’re ready to contribute to the team, please apply.
Working hours: 37.5 hours Monday - Friday 08:30 - 17:00 with 1 hour for lunch. Hybrid pattern for the team is minimum 2 days in Homer Road office with additional office days as required based on business needs. Currently the office days are Tuesday and Thursday. Flexible working requests / part time and job shares will be considered.
Inclusion: As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone. If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team.
About Us
What can we offer you?
- Generous Holiday Allowance: Starting from 25 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year’s Eve. You can also buy or sell up to a week’s leave.
- Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate.
- Profit Related Pay: We share some of our annual profit with our eligible employees.
- Pension Plan: We contribute up to 10% of your annual salary towards your pension.
- Family Friendly policies: We offer enhanced parental pay and paid time off for fertility treatment.
- Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more.
- Volunteering Day: Contribute to causes you care about with one volunteering day per year.
- Life Assurance and Personal Accident Cover.
Be flexible: We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home. We are also open to discussing flexible working, job shares and part time options.
Be yourself: As an equal opportunities employer, we welcome diversity and care about inclusion. That’s why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business.
Be heard: We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.
Be well: We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.
Be better: We want you to reach your potential and, as a Platinum Investors in People employer, we’ll encourage you to learn and develop by building a personalised development plan together with your manager.
Location: Solihull
Department: Credit Risk
Advertising Salary: Dependent upon experience
Vacancy Type: Permanent
Full Time/Part Time: Full Time
Credit Risk Analyst (Modelling) employer: Paragon Banking Group
As a Platinum Investors in People employer, we pride ourselves on fostering a supportive and inclusive work culture that prioritises employee wellbeing and growth. Located in Solihull, our award-winning bank offers flexible working arrangements, generous benefits including a robust pension plan and profit-related pay, and a commitment to continuous learning, ensuring that our Network Engineers thrive in their roles while contributing to a sustainable future for our customers.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Analyst (Modelling)
✨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 Paragon Banking Group. 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 Credit Risk Analyst (Modelling)
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 Paragon Banking Group.
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 Paragon Banking Group'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 Paragon Banking Group
✨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 Paragon Banking Group.
✨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 Paragon Banking Group 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 Paragon Banking Group 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.
