Scuk Quantitative Modeller

4 weeks ago

Redhill, United Kingdom Santander Full time

SCUK Quantitative Modeller

Country: United Kingdom

**Job Description**:
Santander Consumer Finance UK (SCUK) is based in Redhill, Surrey and provides motor finance to a network of dealerships throughout the United Kingdom.

An exciting opportunity has arisen to work within the Risk Methodology team at SCUK. The Quantitative Modeller will report to the Head of Methodology and will be responsible for the development, monitoring and maintenance of the various quantitative Credit Risk models across the Retail and Wholesale portfolios. Primarily responsible for the various IFRS 9 models, the role will also include admission, behavioural and IRB modelling.

The role requires substantial practical experience in building statistical models in SAS, along with an understanding of the regulatory knowledge relevant to IFRS 9 and experience of interfacing with external auditors.

With the above, there is a need for a highly analytical, methodical and organised person who is able to effectively communicate data outcomes to other internal stakeholders of varying levels within the company.

This role operates on a hybrid model and at least 2 days a week are required in the office in Redhill, Surrey. Remote workers will not be considered.

**What you’ll be doing**
- Developing, monitoring and maintaining scorecard and regulatory parameter models required for IFRS 9
- Developing, monitoring and maintaining any other Risk model requirements relating to provisions, stress testing, securitisations etc
- Developing and maintaining all required model documentation
- Supporting the business in the provision of expert statistical and technical advice
- Developing model monitoring
- Develop champion challenger programs to constantly look for ways to improve the efficiency of the existing models
- Being proactive in looking for improvements in data and model methodology to improve model performance
- Understanding and anticipating the impact on model performance due to changes in business activity, market and/or economic performance
- Working with the local model owner in specifying data requirements
- Writing model documentation as part of the internal and external approval process

**What we’re looking for**
- Previous experience of designing and building statistical models in a credit risk / financial environment using a variety of techniques including linear and logistic regression
- Substantial practical experience of using SAS in financial reporting/modelling environment
- Fully competent in SAS macros and SAS statistical procedures
- Experience of working with IFRS 9 within a large financial organisation
- Ability to understand and interpret regulatory standards (e.g. IRB, IFRS 9)
- Strong experience building credit risk models, including estimation and validation techniques relevant to compliance with IFRS 9
- High level of mathematical literacy and analytical capability to analyse and assess data, identifying trends and articulating findings in conclusions and potential recommendations to senior management
- Excellent problem solving skills
- Ability to work independently using initiative, as well as part of a team '
- Strong Microsoft Office skills; particularly Excel
- Strong organisational skills and flexibility to adapt to a changing environment
- Excellent interpersonal, oral and written communication skills and attention to detail
- Experience of macroeconomic time-series modelling is also desirable

**We have a range of benefits available which include**:

- Competitive salary of £65 - 80K dependant on experience
- 30 days holiday per annum, plus bank holidays
- Annual bonus based on personal and company performance
- Car allowance
- Private medical cover
- Generous pension contributions
- Employee assistant programme
- Enhanced family friendly policies
- Sharesave scheme
- Discounts on high street brands
- Local retail discounts

**Equal Opportunities**

Santander Consumer Finance are an equal opportunities employer. Our customers come from a wide range of backgrounds, and so do our people. By reflecting and celebrating diversity in our workforce, we’ve created an inclusive culture, which adds real value to our business.

When we talk about diversity, we’re not just paying lip service. It’s too important. Everyone here is selected, promoted, and treated on their aptitude and skills to do the job, irrespective of their gender, age, disability, race, religion & belief, or sexual orientation. It’s a culture where everyone counts, in which the diverse range of backgrounds and perspectives makes us stronger and helps us retain talented people and develop them to their full potential.

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