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Risk Manager

  • Location(s): Nationwide House (Swindon)
  • Salary: Circa £50,000

Risk Manager

  • Contract Type: Permanent
  • Ref: R00AOR03613
  • Closing Date: 21 April 2024
  • We're happy to consider flexible and part-time working approaches for this role

A fantastic opportunity has become available as a Risk Manager in our thriving Risk Decision Science & Analytical Innovation team – winners of the “Credit Modelling & Risk Team of the Year” at both the 2022 and 2020 Credit Strategy Awards, “Best Use of Technology” at the 2019 Credit Strategy Awards and winners at the Women in Credit Awards for “Rising Star of the Year” (2022 and 2023) and “Team Player of the Year” (2022)

As a Risk Manager, you'll be owning and leading key projects that are responsible for delivering decision tools that will enable the business to make better decisions for our members. Thus, enabling the delivery of cutting-edge analytical Risk decision tools that optimise decisions across our Retail Lending portfolios (Application, Behavioural and Collections/Recoveries) and Economic Crime.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, at our Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

Your responsibilities will include:

  • Developing, documenting and delivering risk scorecards and machine learning models, employing relevant statistical techniques
  • Effectively plan and prioritise activities, engaging key risk stakeholders
  • Working with stakeholders across the business to deliver and provide expert opinions on the best modelling solutions, from build stages through to safe implementation.
  • Ensuring all risk scorecards and machine learning model developments are high quality and adherent to modelling standards and validation governance.
  • Line management, training, coaching and mentoring less experienced team members in the application and best practise of modelling
  • Managing part of a hybrid working team (working from home and in person), creating a working environment to promote a fantastic team culture alongside high-performance.
  • Communicating model performance to risk committees and senior management.

The role will involve engagement with the Systems, Product Risk, Financial Crime, Collections, Recoveries, Retail IRB Modelling & Model Validation teams to ensure that that requirements are understood, met and implementable.  You will also be responsible for presenting your projects and insights to the relevant modelling fora and business committees.

About you

You’ll need to have:

  • A quantitative degree ideally from a Mathematics or Statistics, or related subject
  • Experience in delivering risk scorecards and/or machine learning models using coding in SAS/Python/R or similar
  • Experience of motivating and mentoring a team of technical model developers to deliver risk scorecards and machine learning models for the business
  • A track record of providing innovative and creative modelling solutions to address complex business problems
  • Knowledge of Retail lending products, ideally both Unsecured and Secured products
  • Knowledge of Economic Crime and/or Credit Risk models
  • Strong communication and influencing skills, able to quickly build and maintain good working relationship with a range of diverse stakeholders

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

  • Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
  • Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
  • Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

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
  • Gympass – Access to a range of free and paid options for health and wellness.
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday , pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.  

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.


Risk Manager

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Here’s the legal bit: The infographic is an indicative summary of some of the key benefits which you may receive if you are employed by Nationwide and these are subject to variation by Nationwide at its discretion. If you work part-time, some benefits may be pro-rated.  This document provides an illustrative summary only and does not create any contractual rights.

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