IFRS9 Ops Specialist

Business Unit: Finance

Remember to check your CV before applying Also, ensure you read through all the requirements related to this role.
Salary range: £45,600 – £57,000 per annum DOE + Benefits
Location: Hybrid – Glasgow, Gosforth, Edinburgh, Leeds, London
Contract type: Permanent

Our Team

Financial Data & Analytics owns many existing data-led production processes and is establishing a centre of excellence to enhance the use of data within Finance. Within the Operations team you’ll help to drive continuous improvement and have the chance to bring new ways of working to life within the team. We are the perfect team to see every product, every customer, all the time, whilst learning every day about data and the value it will bring. We are a remote team in multiple locations and will meet infrequently at Hub sites, but we are part of a bigger team with critical masses in Glasgow and Leeds for regular colleague interaction.

What you’ll be doing

• Driving improvement in existing processes to enable better outcomes for our customers.
• Continually assessing and identifying processes/code to promote simplification and automation, reducing any operational risk inherent in the current environment.
• Leading the maintenance of the IFRS 9 Calculator database and controls.
• Integration of any future data infrastructure changes to ensure data used in Impairment is fit for purpose.
• Adding insight to the provision calculation process and challenging inputs and assumptions proactively.
• Representing the Ops team at various stakeholder/change management meetings.
• Take ownership of own workload, and support team planning and prioritisation.
• Providing support to other members of the team when required.

We need you to have

• Fantastic technical proficiency in SAS, with the ability to apply it effectively in complex data environments.
• An understanding of how to control change. Our processes are continually evolving and improving, but this needs to be done in a controlled way.
• Understanding of change management principles, particularly in dynamic environments where processes are continuously evolving.
• Prior exposure to credit risk, financial risk regulation, or related data domains. While the learning curve may be steep, we provide support to help you succeed.
• A curious nature – we need you to enjoy solving problems

It’s a bonus if you have but not essential

• Experience of IFRS9 ECL and/or AIRB RWA
• SQL/Azure practical knowledge
• Credit risk modelling exposure – how models work and how they sometimes don’t.
• Power Platform development examples to share

Red Hot Rewards

• Generous holidays – 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
• Up to five extra paid well-being days per year .
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.

And there\’s no waiting around, you\’ll enjoy these benefits from day one.

If we’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.

Say hello to Virgin Money

Virgin Money is so much more than just a bank. As part of the Nationwide group, together we\’re the UK\’s first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.

Be yourself at Virgin Money

At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.

As a Disability Confident Leader, we\’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.

Now the legal bit
Although some of our roles allow you to be based anywhere in the UK, we\’ll need you to confirm you have the right to work in the UK.

If you\’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years\’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we\’ll ask for six years of regulatory references, and once in the role, you\’ll be subject to periodic employment checks.