Risk Manager – Model Implementation | S3 | Risk

Country: United Kingdom

Interested in part-time, job-share or flexible working? We want to talk to you!

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The team is responsible for the maintenance and execution of the full suite of credit impairment models as well as DoD (Definition of default) engines and plays a key role in the determination of credit loss budgets for Santander UK and provides the credit loss projections used in internal and external stress testing exercises including those requested by regulatory authorities.

The difference you’ll make:

• Overseeing engine execution to produce DoD (Definition of default) model output and supporting change process and implementation of new models

• Keeping process documentation up to date with model changes

• Reviewing and challenging of the next generation credit risk provisioning models

• Ensuring models and model outputs are subject to appropriate governance

• Seeking to either reduce or remove risk when weaknesses in either the methodology or the processes are identified

• Preparing materials and presenting results to governance forum/committees

What you’ll bring:

These are the essential requirements you need to be successful in this role:

• Experience in DoD (Definition of default)

• Experience with building and running models in SAS, SQL or similar statistical software or programming languages

• Good experience in providing data and logic specifications to IT teams

It would also be nice for you to have:

• In depth knowledge of IFRS9 provisioning methodologies, default guidelines and risk governance processes

• Good knowledge of Power BI

• Ability to develop and explain to senior management complex credit risks and how such risk can be mitigated

What else you need to know:

This permanent role is based in Milton Keynes.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles).

If you apply for this role in this location, it’s important you consider your travelling distance, time and cost from your home to the office location.

We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.

If you’re interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.

Inclusion:

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed.  We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you:

As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.

• Eligible for a discretionary performance-related annual bonus.
• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
• £6,000 car allowance per year.
• Company funded individual private medical insurance.
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• Share in Santander’s success by saving or investing in our share plans.
• As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services.

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through telephone, email, or face to face. You can contact us at [email protected] or call 0870 414 9080.