About The RoleLet's grow together! 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. If you're a Senior Credit Risk Analyst looking for an opportunity to grow in a friendly environment, we're looking for you!
We're flexible, inclusive, committed to your wellbeing and passionate about you reaching your potential. Let's grow together ...Purpose of the roleContribute to the work of Credit Risk Management by taking responsibility for the development, analysis, validation, implementation and monitoring of Credit Risk Scorecards and PD models. What you'll be doingThe development of Credit Risk Application and Behaviour Scorecards that will be used throughout the account lifecycle, from application stage through to collectionsThe development of the PD models as required under the IRB and/or IFRS9 frameworks
Ensuring adherence to the model governance frameworkCalculating and monitoring the PD model outputs to ensure stability of the framework, identifying adverse changes to be actionedProducing in-depth documentation of the models and the production framework to the required standard to obtain the relevant sign-offImplementing the models into the live environment in a manner that is consistent with the development objectives, ensuring 100% accuracy and timeliness of the calculation of the outputsCreating and producing the required regular validation of the modelsEnsuring the regular monitoring of the stability, integrity and effectiveness of the models, highlighting adverse changes and proposing remedial action plansTimely production of the full suite of monitoring reports required as part of the model governance frameworkEnsuring data integrity, documentation, validation, stability and controls are in place for all data elements used within the modelling and live production of the model outputsSupporting in the development and execution of the stress testing frameworkProviding support and development to junior analystsProviding support as needed by the Modelling Manager
About YouWhat you'll bring to the teamSkillsEssential: Good knowledge and understanding of general statistical modelling (Logistic and Linear Regression, Scorecard development, Reject Inference) and related stats (Gini, information value, K statistic, R squared, population stability etc.)Proven experience in statistical modelling and analytics across the account life cycleGood working knowledge of CRA and behavioural data Degree level education (min 2:1) in mathematics, statistics or equivalentExcellent verbal and written communication skillsAbility to work independently and, at the same time, support the wider project team as neededDesirable: Modelling experience using SPSS or SASExperience of IRB PD models and rating systemsExperience in a mortgage environment (Buy-to-Let and Residential)
About UsEven 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. Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page. Please note, applicants must have the right to work in the UK. We do not offer visa sponsorship.
Working hours Monday - Friday 08:30 - 17:00 (1 hour lunch), Hybrid workingInclusion
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. 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 leaveShare
Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rateProfit
Related Pay: We share some of our annual profit with our eligible employeesPension
Plan: We contribute up to 10% of your annual salary towards your pensionFamily 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 moreVolunteering
Day: Contribute to causes you care about with one volunteering day per yearLife Assurance and Personal Accident CoverBe flexibleWe 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. Be yourselfAs 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. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.
Be heardWe 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 wellWe 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 betterWe 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.
LocationSolihullDepartmentCredit RiskAdvertising SalaryDependent upon expereienceVacancy TypePermanentFull Time/Part TimeFull Time
Senior Credit Risk Analyst (Modelling) in Solihull 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.
