Analytics Specialist

Business Unit: Group Finance 
Salary range: £45,600 - £68,400 per annum
Location: UK Remote - Occasional travel to hub
Contract type: Permanent 

Our Team

IFRS9 Analytics form part of Finance Data & Analytics, 25 skilled data professionals. Our focus is to distil the IFRS9 ECL process that uses over a thousand separate calculations for each account and customer into insightful and accurate analysis. We do this every month in a constantly changing environment to a rigorous timetable and exceptionally high quality. We are the perfect team to see every product, every customer, all the time, whilst learning every day about data and the value it will bring. We are a remote team in multiple locations and will meet infrequently at Hub sites, but we are part of a bigger team with critical masses in Glasgow and Leeds for regular colleague interaction.

What you’ll be doing

• Supporting the understanding of broader changes such as regulatory rule changes, new products, data changes and model calibrations on the IFRS 9 process to ensure change is effectively managed.
• Adding insight to the provision calculation process and challenging inputs and assumptions proactively.
• Providing support to ensure the impairments model meets IFRS 9 standards and Credit Risk requirements.
• Undertaking quantitative and qualitative impact assessments on a regular basis.
• Ensuring risk controls are fit for purpose.
• Reviewing provisions holistically to assess requirements for Post Model Adjustments
• Producing clear and concise MI and analysis for different audiences, ensuring issues are escalated.
• Producing intra month and longer-term forecasts of impairment.
• Driving improvement in existing processes to enable better outcomes for our customers.

We need you to have

• Experience in Banking and Risk Management. Alternatively experience in Telecommunications with similar modelling/coding experience.
• Good technical skills in SAS gain in a working environment. 
• Experience in building trusted relationships.
• Comfortable interpreting complex data and analysis.
• Effectively communicating complex processes and outputs to colleagues with varying levels of technical knowledge.

It’s a bonus if you have but not essential

• An understanding of impairment provisioning. In particular, knowledge of IFRS 9 and an understanding of IFRS 9 accounting requirements would be advantageous.
• Knowledge of VM risk appetite, risk management framework and regulatory framework.
• Advanced knowledge of Group’s Governance framework.
• Understanding of the Group’s risk policies and methodologies.
• Experience in change and stakeholder management.

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.