Validation Analyst | S2 | Risk

Validation Analyst | S2 | Risk |

Country: United Kingdom

Interested in part-time, job-share or flexible working? We want to talk to you!

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You will play a key role in this by independently testing the various models developed across the bank, highlighting areas of model risk and providing indications as to the magnitude of the risks found. You will also interact with key stakeholders across multiple teams in the bank including credit risk management, model methodology, model owners, model users, model controllers and IT.

The difference you'll make:

• Identifying, assessing, managing, and reporting risks taking action where appropriate in order to remediate or escalate potential issues
• Ensuring validation reports highlight all key risks identified alongside any current mitigations
• Maintaining an effective risk management framework through presenting model developers and users with validation findings to improve models
• Communicating effectively with stakeholders in teams outside of model risk, particularly data owners, data users, model owners, and model developers
• Working with internal stakeholders including senior managers of various teams, on the review and approval of models used across the bank
• Engaging with regulators (ECB, PRA and FCA) on model risk and capital related topics, to provide opinions on the levels of model risk and the key model weaknesses

What you'll bring:

• Degree level education in a numerate or data science subject (e.g. Maths, Statistics, Operational Research, Physics, Engineering / equivalent)
• Proficient in conducting statistical analysis in a coding environment such as SAS, SQL, R, Python or Hadoop

It would also be nice for you to have:

• Track record of successful delivery in a similar modelling or data testing role
• Experience of interpreting technical documentation
• Banking and credit risk experience
• Good communication and presentation skills

What else you need to know:

We want our people to thrive at work and home, and we recognise that many people benefit from flexible arrangements. To enable us to deliver the best outcomes for our customers and to help each other develop we understand the importance of having the right balance of spending time together in an office while maintaining flexibility.

By working this way, we can continue to create moments that matter for everyone. To support this, we offer site-based contracts with a hybrid working pattern and we're happy to discuss specific requirements throughout the recruitment process.

This role is based in Milton Keynes and our current expectation is at least 2 days in an office every week.

If you're interested in this role but with part time hours or a job-share we would still love to hear from you and discuss these.

Inclusion:

At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we'll reward you:

As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• £500 annual cash allowance to spend on our great range of benefits
• Eligible for a discretionary performance-related annual bonus
• We put 8% of salary into your pension, even if you don't contribute yourself. We'll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer
• 27 days' holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year
• Voluntary healthcare benefits at discounted rates. Including: Bupa medical insurance, dental insurance, healthcare cash plan and health assessments
• Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more
• Share in Santander's success by investing in our share plans
• Support your favourite causes through charitable giving and our community partnerships

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you're interested in, then please apply.

If there's anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it's a copy of our application form in another format or additional assistance, we're available through telephone, email, or face to face. You can contact us at resourcing@santander.co.uk or call 0870 414 9080.