Risk Analyst

At Nationwide, we put our members at the heart of everything we do and every role, no matter what it’s doing. The Unsecured Credit Risk Team is responsible for managing the credit risk of the Society’s unsecured portfolios, which includes designing effective new lending strategies, managing the credit quality of Personal Loans, Credit Cards and Current Accounts and providing specialist credit risk advice to the business.

As a Risk Analyst, you’ll be working alongside a Risk Manager on a wide range of activities. This includes monitoring the Portfolios, identifying trends and their root causes and working with large datasets to create insights and improve risk strategies.

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 one of our offices. 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.  

You will be expected to work from Swindon twice per week.

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 your line manager, you’ll undertake work that will be varied and technically challenging, and you could be working on your own or as part of a wider team.

Initially, you’ll be trained to be proficient within SAS and to understand the Portfolios and the accompanying monitoring and risk strategies. After, you will have the opportunity to work on a broad range of projects and workstreams that provide credit risk insights across business communities, while also ensuring we protect our members by staying within the organisation’s Risk Appetite.

To do this you’ll:

• Extract and analyse data from our systems using tools such as SAS, PowerBI, QlikSense, and Excel.
• Create useful and meaningful insights & management information.
• Explain complex messages to non-technical audiences.
• Develop & optimise Credit Risk strategies/ policy to ensure robust controls are maintained, while also supporting Nationwide’s membership base.
• Build relationships and work alongside key stakeholders such as the Systems, Modelling, Product, Oversight and Operational teams.

About you

We are interested in people who enjoy working in a fast-paced team, have a real interest in Credit Risk and are not afraid of taking on a challenge. With a logical and analytical mind, you’ll solve complex problems with passion; trying to think of things that no one has considered before.

As a minimum requirement you’ll need to:

• Have a degree in a numerate discipline such as physics, maths or engineering.
• Have a logical and analytical mind with a passion for solving complex problems.
• Self-motivated, articulated and highlight motivated with a drive to stretch and develop yourself.
• Be a great team player, with a willingness to support your colleagues to tackle problems head on.

Although not essential, it would be a bonus if you also had:

• Some prior experience of coding languages.
• Experience of presenting/explaining findings to others, either verbally or through a written report.
• A background in Financial Services.

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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