Job Description
Job Description
Location Edinburgh & Home
In a nutshell
Credit Risk Modelling manage the Banks credit models for all lending products, these include application and behaviour scorecards as well as the IFRS9 provision models. Application / behaviour scorecards are used for credit assessment at point of application and throughout the account lifecycle. The IFRS9 models are mainly used for bad debt provisioning purposes to estimate the amount of bad debt that we will experience, now and in the future.
What you need to do
Design, build and implement appropriate application and customer models
Engage and partner with all stakeholders within the project life cycle; Deliver business cases; Drive forward requirements gathering process; Prepare detailed requirements documentation; Be accountable for User Acceptance Testing
Providing technical advice and consultancy on statistical modelling techniques within the team and to other areas within the group where appropriate
Manage at least 1 Analyst / Senior Analyst, building on their skills to ensure that the Credit Risk modelling long term strategy can be delivered
Be accountable for projects that facilitate testing, implementation and tracking of scoring systems
Control the testing and quality of scoring systems to ensure that implementation meets required standards
Develop efficient and effective suite of Scorecard Monitoring packs to ensure the current models are performing in line with expectations, recommending actions when models are not in line with expectations
Develop and maintain a network of external contacts within the risk industry to ensure that SB understands all the latest credit risk model tools / techniques in the market place
Maintain relationships with Credit Reference Agencies and other Third Party software/service providers, identifying solutions which will improve SB Credit Risk capability
Ensure the principals of Treating Customers Fairly (TCF) and Conduct Risk are at the forefront of our credit risk strategies
Influence across the business to ensure the successful approval of statistical models within existing and proposed risk systems, consistently delivering to industry leading standards, on time and within budget
Ensure collaboration between the team and the internal business areas and external consultants in the design of models or risk systems. Control and validate the work of external suppliers and consultants, agreeing development plans and specifications.
What you need to know and show
Highly numerate with a degree in a mathematical/statistical/engineering discipline.
Degree in a relevant numerate, statistical-based subject.
Expert knowledge of modern risk management techniques and scoring systems and their use within the credit industry.
Significant experience in the development of statistical modelling solutions within Retail Credit Risk.
Comprehensive knowledge of consumer lending products and markets. Experience with a well-regarded credit business is highly desirable.
Experience in the use of computer based statistical packages, model design and development software tools, specifically modelling tools (SAS Stat, Enterprise Miner etc.). Ideally SAS certified to advanced level.
Ability to work accurately to tight timescales.
Ability to communicate and negotiate successfully with colleagues at all levels up to and including Executive level and build effective working relationships across the business (internal and external).
Enthusiastically embraces change and understands the project management cycle.
Good problem-solving skills.
Experience in the financial services industry.
Well organised and able to prioritise workload in line with tight deadlines and work effectively under pressure
Excellent team player with ability to working closely with others to deliver results
Customer focused
Proven track record of working on own initiative, with the ability to introduce fresh thinking to the role and the wider team.
Strong relationship management skills
Our benefits
In addition to the all-important competitive salary, pension & bonus offering, we totally get that life outside work is important to us all. So, we want to shout out some of our other great benefits
We offer flexible working to help you achieve a good work/life balance.
Opportunity to buy extra holidays is on the table.
Discounts on your weekly shop, buying a laptop or sofa? Weve got it covered through your Sainsburys, Argos and Habitat store discount card.
Cycle to work scheme and great coffee and cake!
A little about us & our culture
Were proud of our heritage as the UKs first supermarket bank. As digital technology drives the banking landscape we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore, we need innovators to join us and drive the next phase of our evolution.
Were a friendly bunch who collectively share a passion to make our customers financial lives easier. As part of the wider Sainsburys Group, being one of the UKs most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.
Everyone is welcome at the Sainsburys Group, and were proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.
Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.
If youre interested in applying and are excited about working with us but are unsure if you have the right skills and experience wed still love to hear from you! Wed also be happy to discuss more flexible working options such as job shares and part time working.
As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.
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Financial Managers
