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Risk Analyst - Model Risk

Risk Analyst - Model Risk

  • Location(s): UK Wide
  • Salary: £25,421 - £36,720
  • Contract Type: Permanent
  • Ref: R00AOR00717
  • Closing Date: 29 September 2021
  • We're happy to consider flexible working approaches for this role

We are looking for a Risk Analyst - Model Risk, looking to pay between £25,421 - £36,720 per annum (dependant on experience)

Are you passionate about solving complex problems, identifying trends, and explaining them? If so, and you have a strong quantitative degree, this role is an excellent opportunity to start or progress your career by joining the Model Risk Oversight team. 

The growing prominence of model risk management has led Nationwide to invest in the continuous improvement of our modelling capability, highlighting the value placed on advances in this area. As part of this investment, a fantastic opportunity has become available, as we are seeking a talented person to become a member of a vibrant team and focus on the independent validation of key business models and model risk management across the Society.

As a risk professional, you will be validating new and revised models as well as undertaking periodic validations of suites of models, challenging their theoretical soundness to ensure they are and remain fit for purpose, confirming that the models are built and operating in line with internal and external regulatory standards. You will also have plenty of opportunities to apply your analytical skills to manipulate data and carry out actionable analysis from a variety of sources.

In return, we offer more than a just a job; it is the start to a career where we will proactively invest in your personal development and technical skills.

What you’ll be doing

In the Model Risk Oversight team, we provide independent oversight to models used across the Society. Your primary responsibility is to conduct model validation, including data preparation, replicating model developments, analysing performance, and constructing challenger models. You will have the opportunity to present your work to the team’s senior management and committees. In addition, you will use your experience of risk management and knowledge to identify, assess, monitor, and manage model risk within Nationwide.

Given the diversity of the role, you will be able to work on a broad range of projects and engage with business areas including Retail, Commercial, Treasury and more.

About you

As minimum requirement you will have:

  • A quantitative degree in Mathematics, Statistics, Economics, or a related subject
  • An ability to apply critical thinking and communicate your views on a range of issues to a diverse set of stakeholders
  • A strong aptitude for programming and coding tools such as SAS, R, Python
  • A desire to learn and develop your technical knowledge and soft skills (training is available on-the-job and through formal courses)
  • Strong communication and presentation skills

It would be advantageous if you also have:

  • Interest in and awareness of risk management within financial institutions
  • Appreciation of the main areas of risk modelling in banks, such as retail, commercial, treasury among others
  • The curiosity to remain current on business developments, industry trends, emerging risks, and changes to the financial and regulatory environment
  • Ability to influence both peers and more senior colleagues

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

  • A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
  • Up to 2 days of paid volunteering a year
  • Life assurance worth 8x your salary
  • A great selection of additional benefits through our salary sacrifice scheme
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday

Why work at Nationwide

We’re a building society founded by ordinary people, our members, who came together to help each other get the most from their money, buy homes and save for their futures. For over 130 years, we’ve supported each other and our communities, and we’ve done the right thing for wider society too.

If you come to work here at Nationwide, you’ll be part of that. Part of something a bit different. And something really quite special.

What’s more, we have a strong ethic of care for each other and our members. We recognise that our employees feel most appreciated when their thoughts and values are respected and considered. We’re committed to creating a culture that recognises and truly values our individual differences and identities. So, if you’d like to be a part of an inclusive workplace where you can be yourself, where your talents are nurtured, and you feel empowered to contribute, then please apply and help us in building society, nationwide.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up to date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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Risk Analyst - Model Risk

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