Risk Analyst (Modelling, Sas)

Our Retail Modelling Team use their analytical skills and experience to help inform our directors of what decisions they need to make, after all, the decisions we make in terms of who we lend to can affect our growth and our members.

We have an opportunity to join our Retail IRB (Internal Ratings Based) Modelling team to help us drive and develop our capital models. We are a friendly and dynamic team who work together to develop high-quality retail Advanced IRB credit risk models. Aligned with the core purpose of these models, this role provides an opportunity to join a team that keeps the Society safe and secure for all our members.

So if you have a passion for doing the right thing in the right way for our members, and want to further your career in Risk modelling using SAS, then this may be the role for you.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, at our Swindon or London office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.
If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

Under the guidance of a modelling manager, you will be responsible for:

• Using relevant statistical and analytical techniques to develop and maintain AIRB credit risk models.
• Employing ‘best-in-class’ modelling practice.
• Sharing knowledge and expertise across the team.
• Communicating the performance of models to the wider business.
• Working with stakeholders from across the business.
• Contributing to the success and evolution of the team.

This role is a fantastic opportunity to design, develop and maintain models which are key to business decisions that the Society makes. You will learn skills which will be crucial to the future success of the Society in a supportive environment. You will be responsible for end-to-end model developments, working closely with the business to understand its needs, understanding the data and what they tell us, and using innovative techniques to deliver solutions which drive strategic decisions across the business.

However you undertake your work, the purpose will always be the same – your role will be to support the development of best-in-class credit risk models, that enable us to reward our members and deliver value to Nationwide.

In addition to all of the on-the-job training, we will also help you develop all the skills you need to progress your career as a risk professional.

About you

This role is all about model development in SAS, so you’ll need to have or be:

• A degree-level education in a numerate subject would be preferable (such as Mathematics, Physics, Engineering, Economics or Computer Science);
• An aptitude for working with data, analysing, generating insight and sharing your conclusions in an open, honest and precise manner;
• A passion for researching new ways to solve complex problems that deliver valuable insight and real business benefit;
• Have the ability to clearly communicate complex issues in a succinct and simple way.

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

• Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
• Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
• Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:  

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Gympass – Access to a range of free and paid options for health and wellness.
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata 

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.  

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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