Quantitative Analytics Manager | S3 | Risk Retail Methodology | Milton Keynes | Internal Mobility

Country: United Kingdom

IT STARTS HERE

Santander is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible. This is more than a strategic shift. It’s a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

Retail & Commercial Banking is a global business integrating all our retail and commercial banking activities to better serve our customers, improve efficiency and drive value creation.

THE DIFFERENCE YOU MAKE

Retail Methodology is looking for a Quantitative Analytics Manager based out of Milton Keynes. This role is on a fixed term contract for 12 months. We currently have an exciting opportunity for a Model Development Quantitative Manager to be part of the Retail Methodology Team within Treasury Risk & Analytics. The opportunity is to be a manager within the UPL team, working on IRB capital models, scorecards, IFRS9 provision models, and stress testing models. The IRB models you would be building are of interest to external regulators, and provision models are also reviewed by external auditors. You will participate in meetings, leading explanations of our models and defending any findings raised.

We’re shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Providing project plans for the model developments you will be completing throughout the year to ensure the most effective use of resource.
• Managing a technical analyst to deliver against targeted plans whilst working independently to develop or change models to agreed deadlines.
• Providing model development documentation describing model development to a level of detail that allows a third party to replicate the development.
• Providing assessment of model performance and evidence of compliance with the relevant regulation.
• Supporting model approval forums by presenting model changes, keeping communication focussed and engaging for the audience.
• Supporting the building of collaborative relationships across the business with key stakeholders to ensure the models are fit for purpose.

WHAT YOU’LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We’re enabling teams to go beyond by valuing who they are and empowering what they bring. The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience:

• Experience managing a technical analyst – capable of building and maintaining a high performing working relationship to ensuring goals are met (Preferred)
• Experience of developing Advanced IRB models for Retail banking products (Preferred)
• Solid knowledge of external regulation relating to model development (Preferred)

Education:

• Degree level education in a quantitative field; a postgraduate qualification/PhD would be advantageous (Preferred)

Hard Skills:

• Proven ability of conducting statistical analysis in a coding environment such as SAS, SQL, R or Python (Required)
• Experience of interpreting technical documentation and producing written reports which convey technical information in an accessible manner, targeted to specific audiences (Preferred)
• Appreciation/knowledge of regulatory compliance requirements such as Basel or IFRS9 (Required)

Soft Skills:

• Track record of successful delivery in a statistical analysis or modelling role, preferably in a Retail environment (Required)
• Excellent interpersonal skills to persuade and influence others including key stakeholders across the business (Preferred)

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return. Here, recognition goes beyond pay. It’s about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive — personally and professionally.

Competitive rewards that reflect the real impact you make and the value you bring. Wellbeing that goes beyond work — we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support. Support for every life stage — from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support. Time to give back through volunteering opportunities that let you make a difference in the communities we serve. Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we’re proud to be an inclusive organisation that provides equal opportunities for everyone — regardless of age, gender, disability, civil status, race, religion or sexual orientation. We’re committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates. We want our people to thrive — at work and at home — while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles). When applying, please consider the travel distance, time and cost to your chosen office location. We welcome applications on the understanding that, should you be offered this role, there may be no relocation package available. Santander will pay the employer mandatory government fees that are required to pay in connection with visa sponsorship. You may be liable for your own personal employee immigration and relocation costs.

WHAT TO DO NEXT

If this sounds like a role you are interested in, then please apply. For further Guidance please visit Internal Mobility - Candidate Guidance. If you want to know more about the opportunity: Please contact Neil Griffiths – neil.griffiths@santander.co.uk