At a Glance
- Tasks: Develop and enhance impairment models while collaborating with diverse teams.
- Company: Join Vanquis, a leading specialist bank with a caring culture.
- Benefits: Enjoy competitive pay, flexible working, and generous holiday allowances.
- Other info: Hybrid working options and opportunities for personal development and volunteering.
- Why this job: Make a real impact in banking while growing your career in a supportive environment.
- Qualifications: Experience in impairment modelling and strong skills in SAS, Python, and SQL.
The predicted salary is between 48000 - 84000 £ per year.
At Vanquis, we have a simple purpose: to deliver caring banking so our customers can make the most of life’s opportunities. Established in 1880, we’re now a FTSE All Share company and leading specialist bank. We lend responsibly, providing tailored products and services to over 1.7 million UK customers. We see ourselves as the bank that’s got your back.
Vanquis has been named one of the Financial Times UK’s Best Employers 2025, ranking in the top 50 nationwide and seventh in Banking and Financial Services. This recognition is based on independent employee feedback, reflecting our strong workplace culture, career growth opportunities, and commitment to our people. We are proud signatories of the Armed Forces Covenant and actively support the Armed Forces community, including veterans, reservists, and military families.
We take care of our colleagues as well as our customers, creating a workplace where everyone feels connected, valued, empowered and rewarded– all guided by our four core values – caring for people, pulling together, finding better ways and getting the right things done. Rewarding our colleagues goes beyond pay. We’re building a culture where everyone feels valued, motivated, and proud. Alongside competitive salaries, we offer meaningful benefits, annual salary reviews, a discretionary bonus scheme and evolving recognition.
We care about your career and ambitions just as much as you do, offering tools, guidance and opportunities to help you grow. Take ownership, stay curious and we’ll match your ambition with unique experiences, hands‑on learning and tailored development to support your career journey.
The role
To develop, maintain and strengthen our IFRS9 Provisioning Models. The role will involve complex modelling to develop, monitor and take full ownership of the bank’s provisioning models under IFRS 9. There is an overarching responsibility to understand and evaluate impairment impacts as the Bank grows and launches new products and services. The individual will need to be capable of taking a more holistic view of the interaction of the model with the business to identify periods when business changes, or short‑term fluctuations, may be leading to variances, and suggesting appropriate adjustments to the models.
Responsibilities
- Develop, monitor and calibrate the Bank’s provisioning models.
- In conjunction with the decision science, data & analytics teams, plus any relevant third‑party providers, lead the remediation actions raised by 2nd line Model Risk team (MRO) validation, along with initiating relevant model recalibrations and enhancements.
- Lead the impairment model monitoring, working with Credit Risk and Data/Analytics team.
- Ensure relevant governance and controls are followed with regards to the impairment process and any enhancements.
- Work with the wider Impairment team to maintain and enhance segmentation, reporting, controls, monitoring, governance, and robust procedural documentation for internal and external stakeholders.
- Perform ad‑hoc analyses as required and provide recommendations and solutions based on analysis.
- Working with the wider treasury and finance teams ensure internal and external audit points are addressed and closed in a timely manner.
- Champion a culture of collaboration and continuous improvement.
- Inspire and engage colleagues by clearly communicating objectives and aligning goals with broader strategic priorities.
- Encourage technical excellence and capability development within the impairment modelling team.
- Actively support talent development by identifying skill gaps and mentoring junior team members.
- Promote innovation and best practices in modelling, governance, and risk management to enhance decision‑making and operational resilience.
Experience required
- Extensive practical experience in designing, building and calibrating impairment models, ensuring robustness and compliance with IFRS 9 standards, and delivering innovative solutions to complex modelling challenges.
- Strong technical expertise in SAS, Python, and SQL/Snowflake for model development and data manipulation.
- Hands‑on experience collaborating with decision science and data analytics teams to implement model enhancements and validate performance.
- Solid understanding of the impairment framework and IFRS 9 reporting requirements within a regulated financial services environment.
- Experience working with diverse credit portfolios (e.g., credit cards, vehicle finance, or non‑standard retail credit markets) is highly desirable.
- Process‑oriented approach to model governance, monitoring, and lifecycle management.
- Strong problem‑solving skills with the ability to interpret complex data and translate insights into actionable recommendations.
- Strong communication skills – able to present technical concepts clearly to both technical and non‑technical stakeholders.
- High attention to detail and a methodical approach to work, ensuring accuracy and compliance.
- Self‑starter with a proactive mindset and strong motivation to add value through continuous improvement and innovation.
- Strong computer literacy, especially with Microsoft Excel and related tools.
Location
London or Bradford (Hybrid working)
Working Pattern
Hybrid—typically a couple of days a week in the office. Part‑time or flexible arrangements are considered to support work‑life balance. A fear of losing your current working flexibility shouldn’t hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.
What We Offer
- Holidays: 25 days holiday up to 30 days (depending on service)
- Pension: We know it is important to save for the future, that is why we will contribute up to 10%
- Maternity/Paternity: We realise that family time is important, we offer enhanced maternity (after successful completion of probation) and 4 weeks paternity leave
- Workations: opportunity to work abroad 20 days a year (approved list of countries) enabling you to visit family and friends or extend your trip
- Volunteering: 2 paid days to ‘give back’ to the charity of your choice
- Development: LinkedIn Learning for all
- Finance: Snoop Premium available to all colleagues
- Opportunities to connect: via quarterly socials, in‑person and virtual company updates
- Medical: Opportunity to opt in for Private Medical Insurance
Impairment Model Manager employer: Vanquis
At Vanquis Bank, we prioritise your wellbeing and professional growth, offering a supportive work culture that values flexibility and inclusivity. With generous benefits such as enhanced family leave, workations, and access to continuous learning through LinkedIn Learning, we empower our employees to thrive both personally and professionally. Join us in Bradford, Chatham, or Petersfield, where you can make a meaningful impact in the Modern Workplace Solutions team while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Impairment Model Manager
✨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 Vanquis. 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 Impairment Model Manager
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 Vanquis.
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 Vanquis'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 Vanquis
✨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 Vanquis.
✨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 Vanquis 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 Vanquis 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.
