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Junior Credit Risk Analyst - Models and Analytics

Reading, Berkshire, United Kingdom, £ £ - Annual Annual, Permanent


Heard of us?

We\'re an award-winning bank; backing people to fulfil life\'s hopes and dreams.

Now is your chanceā€¦

The Credit Risk Team sits within the Bank\'s Risk Function but is deeply embedded in the Bank\'s market leading Credit Risk business line. The team has a wide scope of work supporting a significant business line and operation and plays a critical role in both its managing risks and delivering excellent customer experience.

Our team is responsible for the development and provision of meaningful analysis and modelling across the Bank, conducting portfolio and product analysis, supporting the build and development of appropriate risk models and automated credit decisioning models/strategies to identify opportunities, mitigate risk/loss and provide analysis and insight to support the development of credit risk management.

The role of Junior Credit Risk Analyst is really important to us. You will conduct portfolio analysis, build and develop appropriate risk models and automated credit decisioning models/strategies to identify opportunities, mitigate risk/loss and provide analysis and insight to support the development of credit risk management.

When the time is right, we would love to welcome you to our Reading office. In the meantime you will be based remotely. You\'ll be made to feel part of your new team by your Line Manager, Senior Manager - Credit Risk Models and Analytics, and colleagues through regular contact and virtual interaction.

What would your day look like?

Design, develop and implement credit risk models and scorecards validated to standards appropriate to the Bank and its activities.
Develop and maintain the credit risk stress testing framework and provide credit risk input to ICAAP, ILAAP and RRP.
Deliver forecasts and insight to provisions and losses including support for financial budgeting processes and key stakeholder requirements eg: investor presentations. Challenge business inputs, methodologies and assumptions for the calculation/forecasting of key provision information - Cost of risk, EL, arrears
Ensure that the data used to assess credit risk is fit for purpose in terms of quality, quantity, breadth and timeliness.
Prepare and develop portfolio analysis to identify risk concentrations within the portfolio and to influence, support and develop origination and portfolio management strategies.
Undertake analysis of the portfolio, summarise results/conclusions and make recommendations where appropriate.
Use internal and external data available to analyse and monitor the portfolio and to develop strategies/processes to mitigate risk/losses.

What do we expect of you?

Ideally educated to degree level in a numerate subject, demonstrating high numeracy and analytical skills, with an aptitude for problem solving and a willingness to learn.
Theoretical or Practical analytical experience, with an aptitude for data analytics and problem solving.
Good written and verbal communication skills.
SAS coding experience would be beneficial but not essential
Advanced Excel, PowerPoint and Word skills
Positively engages with colleagues and stakeholders to drive positive change.
Passion for analytics and learning. Expands own knowledge and skills to help improve own performance

What can you expect of us?

A friendly and flexible culture, synonymous with our proposition to our customers.
A growing organisation that defines itself as being nimble, lean and strong.
A drive for continuous improvement, which you will be empowered to get behind from day one.
A communicative, accessible and approachable ExCo.And of course, you will be compensated competitively, with a good range of core benefits and bonus potential.

Still Curious?

Aldermore Group was formed by bringing together two very successful businesses, Aldermore Bank and MotoNovo Finance, under the First Rand umbrella. Whilst our parent company operates internationally from their HQ in South Africa, we are a UK-based financial services specialist that supports our customers across a range of products and services, with hubs throughout the UK, including London, Reading, Manchester and Cardiff.

Underpinned by our strategic blueprint, \"backing people to fulfil life\'s hopes and dreams\", we thrive upon saying \"yes\" to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; and we open up the lending market to many.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose over the course of the next 3 to 5 years.

Join us today and we will make the same promises to you as an employee, as we do to each of our customers. We value your differences; welcoming applications from all sections of society. We continue to build an inclusive, empathetic and creative environment; where your views and contributions will inspire new ways of thinking.

Aldermore is an equal opportunities employer.

We do not accept speculative agency CVs. Any CV received by Aldermore will be treated as a gift and not eligible for an agency fee. PSL agencies should only send CVs if authorised to do so by HR.

Where a DBS check or CIFAS check is identified as necessary, all application forms, job adverts and recruitment briefs will contain a statement that an application for a DBS certificate or a CIFAS check will be submitted in the event of the individual being offered the position

Job Details

Not Specified
Reading, Berkshire, United Kingdom
£ £ - Annual Annual