SCUK Quantitative Analytics Manager

Salary Not Specified

Santander Group, Redhill, Surrey

Full time
Permanent
Remote working

Posted 2 weeks ago, 11 Oct | Get your application in now before you miss out!

Closing date: Closing date not specified

job Ref: 820a047c080848508340ec8988a406fd

Santander Group

Full Job Description

Development for the following IRB (Internal rating based) models in accordance with internal policies and standards:
Rating, PD, LGD and EAD models
Stress testing models
Production of model documentation and reports in accordance with internal standards; this includes:
Writing thorough model development documents - technical and business using MS word
Generating reports relating to the models using SAS/R and excel
Manage the ongoing model maintenance (calibration) and monitoring once IRB is in BAU
Proactively designing and improving models for business use; this includes understanding the nature and change of business, proactively managing discussion with business and other stakeholders
Challenge and improvise efficiency of the models and their performance; keeping the models up to date with regulations and as well as business requirement
Analyse and work on the impact on model performance due to changes in business activity, market and/or economic performance
Providing input to the ongoing regulatory self-assessment for IRB; Coordinating responses from various stakeholders on regulatory requirements on IRB topics and assessing their compliance status
Supporting the provision of data on model testing and monitoring; this includes
Regular monitoring of the models using SAS/R and excel
Testing the input and output of the models and its performance using SAS/R and excel
Support remediation activities of IRB gaps - reviewing and understanding of the gaps in relation to the regulatory requirements and delivering prudent measures to remediate those
Ad hoc model testing and recalibration of the models based on monitoring results and remediation requirements
Represent SCUK on the appropriate internal and Group committees and forums
Independently present the monitoring results and associated appropriate measures to the various stakeholders
Adhering to our commitment to Consumer Duty ensuring we put our Customers' needs first and set higher and clearer standards of consumer protection

Extensive knowledge and experience in model development, validation in IRB or IFRS9 environment
Hands on experience from one or more statistical data programmes such as SAS, Python, R
Good understanding of the IRB regulation (CRR, PRA, EBA) and interpret these for modelling purposes
Substantial experience and knowledge of credit risk and products
Understanding and previous relevant experience in using a variety of statistical techniques
Familiar with technical and regulatory terms and translate these to the stakeholders in non technical way
Strong ability to articulate findings in conclusions and potential recommendations to stakeholders in non technical terms
Strong Microsoft Office skills; particularly Excel
Have a strong analytical background and numerical skills

Santander Consumer Finance is one of the UK's Leading Motor Finance companies and we are currently looking for a Quantitative Analytics Manager to primarily be responsible for scorecards and models of the SCUK IRB roll out process.

Competitive salary dependent 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 assistance programme
Sharesave scheme
Gym passes at a reduced rate for 3,000 gyms, leisure centres etc