Senior Risk Analyst

3 days ago


Manchester, United Kingdom Co-operative Bank plc Full time
Senior Analyst (Model Validation)

Location: Manchester / Hybrid

Salary: Up to £50k

Hours: 35hrs per week

About Us:

We're a bank that's built on co-operative values, standing strong today. Our unique customer-led Ethical Policy has made us a natural leader in environmental and social issues. We're market leaders in ESG, rated by Sustainalytics.

We're focusing our efforts on causes that matter to our customers and colleagues. Join us to make a change and continue our ambitions to lead the industry on environmental and social issues.

This role involves predominantly home working, with occasional office working at our head office in Manchester.

The Role:

As Senior Analyst, you'll ensure the Bank complies with Model Risk internal governance requirements. You'll independently review new models and model changes, and have a minimum of basic SAS programming and coding abilities.

Key Responsibilities:

  1. Analyse and discuss monitoring and other reports to support decision-making regarding model risks.
  2. Advise model users on model risk related issues.
  3. Support the independent model validation manager in producing key documents for relevant committees.

Requirements:

  1. Proficient in SAS statistical software, with knowledge of complex Excel functions.
  2. Statistical modelling and model monitoring experience.
  3. Experience of developing or validating retail or corporate credit risk models.
  4. Knowledge of IFRS9 modelling or models used for Concentration Risk/Operational Risk/Finance/Liquidity Management.
  5. Awareness of Regulatory Framework and Requirements for models.

What We Offer:

  • Flexible and home working.
  • Annual bonus scheme.
  • 27 days holiday rising to 30 with service, plus opportunity to buy 5 extra days.
  • Competitive pension with up to 10% employer contribution.
  • Income protection / life assurance.
  • Wellbeing support 'Help@Hand' offers mental health support, physiotherapy, GP's for both you and your family.
  • 2 paid days for volunteering per year.
  • 'MyReward' corporate discount for over 800 retailers and Cycle to Work Scheme.
  • Family friendly policies and supportive working environment.
  • Colleague network groups committed to inclusion and diversity.

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