Senior Credit Risk Analyst

Senior Credit Risk Analyst

Location

This role can be based from one of our base locations in Edinburgh, London, Widnes, Manchester with remote working offered, occasional travel (once a month) to the Edinburgh HQ will be required.

In a nutshell

Credit Risk ensure the bank lends within agreed risk appetite, which is set by the Bank’s board. This is achieved via management of credit risk strategies using scorecards and policies both for managing risk at point of application and account management. There are 5 teams within Credit Risk who perform distinct tasks:

• Portfolio Management – Management of credit risk strategies – who to lend to and how much.
• Risk Modelling – Build and monitor Credit Risk models to help to decide who we accept and how we measure bad debt.
• Provisioning and Forecasting – use models to estimate the bad debt requirements. Forecast bad debt for business planning and for capital management purposes.
• Systems – Maintain the IT systems which contain credit risk and financial crime strategy and logic and manage the change process for those systems.
• Independent Model oversight – Oversee the bank’s model universe ensuring models are built in line with the model policy.

What you need to do

• Develop credit risk policy - such as building a new suite of scorecards, developing credit decision logic or implementing that logic for Sainsbury’s Bank and Argos Financial Services lending products.
• Lead relationships with Business areas to keep abreast of new business initiatives and proactively highlight any potential Credit Risk impacts.
• Identify potential risk management opportunities through data mining of the Sainsbury’s and Argos FS data platforms.
• Represent best practice in coding and data analytics – mentoring others where required.
• Provide advice and add value to business projects requiring risk management input.
• Be proactive and creative in dealing with issues identified within projects
• Document results in a manner that would allow the results to be replicated by others.
• Present a concise summary of results to relevant working groups / committees.
• As required, calculate and forecast bad debt provisioning.
• Liaise with Credit Reference Agencies and other suppliers and attend benchmarking groups to ensure Sainsbury’s Bank and Argos FS have a wide knowledge of the tools and techniques being used within the industry
• Keep abreast of research techniques, attend academic forums and evaluate the benefits that new credit risk practices / techniques may bring to risk management practices.
• Keep abreast of relevant regulatory and legislative changes.

What you need to know and show

• A minimum of 1 year’s experience within retail credit risk and a broad knowledge of retail lending products
• Proven experience in the use of computer based software statistical packages (e.g. SAS, R, Python or SQL) and/or data mining applications.
• Highly numerate with a degree in a relevant discipline.
• Well organised, able to prioritise workload and work effectively and accurately under pressure
• Customer focused
• Strong relationship management skills
• Exceptional verbal communication skills. Able to convey technical issues to non–technical colleagues.
• Excellent written communication skills – business and project reports, and technical papers.
• Excellent problem solving skills.
• Proven track record of working on own initiative, with the ability to introduce fresh thinking to the role and the wider team.

• Demonstrate an ability to think and reason logically
• Attention to detail.
• Excellent team player with ability to work closely with others to deliver results

A Little Bit About Us And Our Culture

We’re proud of our heritage as the UK’s first supermarket bank. As digital technology drives the banking landscape, we want to be at the cutting edge of this technology, offering award winning innovative digital banking products to our customers. Technology is where we see our growth therefore, we need innovators to join us and drive the next phase of our evolution.

We’re a friendly bunch who collectively share a passion to make our customers’ financial lives easier. As part of the wider Sainsbury’s Group, being one of the UK’s most trusted brands, it brings our colleagues a wealth of opportunities to fulfil their potential. Here, you can be part of something bigger and help to create a new approach that puts the customer at the heart of everything we do.

Everyone is welcome at the Sainsbury’s Group, and we’re proud to be an equal opportunities employer that champions a diverse and inclusive culture that reflects the diversity of the communities we serve.

Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours within their working days, giving plenty of time and space for life outside of work whilst delivering against our business goals.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

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