Model Risk Senior Analyst in Newport

Hours: 35 – Talk to us about Flexible Working Hours: 21hrs – Mon, Wed & Fri 9am‑5pm, 2 Saturdays a month 9am‑12pm (toil given)

Contract Duration: Full‑Time, Fixed Term Contract

Closing Date: 25 January 2026

BELONG – There’s no place like Principality

At Principality, belonging isn’t just a value — it’s how we work. When you join us, you’re welcomed into a supportive, inclusive community where your home life, wellbeing, and individuality are genuinely respected. From flexible ways of working to benefits designed around you, we’re committed to helping you feel comfortable, valued, and able to thrive.

We believe great work happens when people feel connected — to each other, to our purpose, and to the communities we serve. That’s why we encourage balance, invest in wellbeing, and focus on growing and improving together.

There are plenty of reasons to build your career with Principality:

• Flexible hybrid working – Our award‑winning approach gives you the flexibility to work from home and from the office. Collaboration matters to us, so you’ll spend at least 8 days per month based in our Cardiff office.
• A truly inclusive workplace – Proudly named in the 2025 Inclusive Top 50 UK Employers List, ranked 27th, recognising our ongoing commitment to inclusion and belonging.
• Customer excellence you can be proud of – Winners of Double Gold Awards for Customer Satisfaction at the Fairer Finance Awards 2025 for both Savings and Mortgages.
• Engaged, supported colleagues – Our colleague engagement scores consistently exceed 85%, reflecting a positive and supportive culture.
• Wellbeing at the heart of what we do – Our Belong benefits package is designed to put our people first, supporting your physical, mental, and financial wellbeing.

These achievements reflect more than awards — they represent our long‑term commitment to creating a workplace where colleagues feel supported and customers feel cared for.

We have a new and exciting opportunity for an experienced Model Risk Senior Analyst to join our team. As a Model Risk Senior Analyst you will support implementation and embedding of the Model Risk Management Framework and ensure compliance with the regulatory requirements. This is a crucial role for Principality Building Society to carry out independent model validations effectively and ensuring appropriate governance and accountability for Model risk to which the Society is exposed.

Responsibilities:

• Maintain the Society's central database for information on models and associated data capture.
• Conduct model implementation code checks and develop challenger models/approaches.
• Review key documents that support the MRM framework.
• Conduct periodic reviews of models and communicate with Stakeholders across the business to raise awareness of data requests and requirements.
• Conduct thematic reviews and ‘deep dive’ investigations into focus model risk areas identifying weaknesses and areas of opportunities.
• Oversee successful completion of various MRM tasks across the business, such as periodic attestations of model suitability by model owners.
• Enhance the operational functionality of MRM processes and produce regular MI for senior committees, including various metrics to expose risks and supported by insightful commentary.

What we are looking for:

• Experience with modelling or model risk management (i.e. development, validation or reporting) – ideally credit or financial models.
• Technical programming skills (VBA, SAS or similar).
• Experience with data manipulation or MI development.
• Awareness of relevant regulatory environment and governance frameworks.
• Previous experience in analytical role.
• Experience with process development.
• Proficient in Excel, Word and PowerPoint.
• Strong communication skills and ability to influence.
• Good collaboration, organisation and planning skills.

If you’re passionate about model risk management and want to work in a dynamic, people‑focused organisation, we’d love to hear from you.

We reserve the right to close this vacancy early should we receive a high volume of applications.

‘We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging’ Nigel Taylor – Head of Brand, Impact & Communication.