Modelling Senior Analyst

Business Unit: Risk

Are you ready to apply Make sure you understand all the responsibilities and tasks associated with this role before proceeding.
Salary range: £32,800 – £41,000 per annum
Location: UK, Remote
Contract type: Permanent

Our Team
We have an exciting opportunity in our IFRS 9 and Stress Testing team in Model Risk & Analytics. The Model Monitoring Senior Analyst is a key role in the maintenance and performance monitoring of VMUK’s suite of IFRS 9, macro-economic and stress testing models, which are used to forecast loan loss provisions and capital requirements under a range of scenarios, including regulatory stress tests. The role holder will have the opportunity to work across a broad range of models spanning retail and business asset classes and drive business insight. Additionally, the role involves supporting model calibrations, IFRS 9 monitoring, macroeconomic monitoring, and presenting findings to stakeholders.

What you’ll be doing

• Monitor and support the suite of IFRS 9, stress testing models and macroeconomic models across Retail and Business portfolios, including IRB and IFRS 9 modelling environments.
• Develop and maintain Management Information (MI) dashboards in Power BI to track model performance and outcomes.
• Liaise with the model development team to understand and implement MI requirements.
• Capture requirements and gather feedback from stakeholders to ensure MI meets business needs.
• Present findings and insights to governance committees and other stakeholders.
• Focus on continuous improvement by identifying and addressing model performance issues and embedding learnings from evolving business and regulatory requirements.
• Collaborate closely with credit risk modelling, finance, and business teams to obtain insights and feedback for the management of the credit stress testing models.
• Support the operational/delivery arm of the credit stress testing team in relation to model usage.

We need you to have

• Good knowledge of IFRS 9, stress testing frameworks and macroeconomic model methodologies across a range of Retail and Business credit portfolios, with a strong understanding of model usage.
• Strong experience in model monitoring and development, ideally using Power BI, SAS and R.
• Proficiency in developing and maintaining Management Information (MI) dashboards, preferably in Power BI.
• Excellent analytical ability to solve complex problems, with a keen attention to detail.
• Strong communication skills to effectively convey complex methodologies, processes, and outputs to colleagues with varying levels of subject matter expertise.
• Ability to liaise with model development teams to understand and implement MI requirements, capture stakeholder feedback, and present findings to governance committees.

It’s a bonus if you have but not essential

• Python experience

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.