IFRS 9 ECL Analytics Manager

Business Unit: Finance Data & Systems
Salary range:up to circa per annum DOE + red-hot benefits
Location:  UK Hybrid – 1 day per week at one of our local HUBs
Contract type: Permanent

Live for the weekday. Live a life more Virgin.

Our Team

IFRS9 Analytics form part of Finance Data & Analytics, 25 skilled data professionals. Our focus is to distil the IFRS9 ECL process that uses over a thousand separate calculations for each account and customer into insightful and accurate analysis. We do this every month in a constantly changing environment to a rigorous timetable and exceptionally high quality. We are the perfect team to see every product, every customer, all the time, whilst learning every day about data and the value it will bring. We are a remote team in multiple locations and will meet infrequently at Hub sites, but we are part of a bigger team with critical masses in Glasgow and Leeds for regular colleague interaction.

What you’ll be doing

• Looking after a team of four highly skilled technical data analysts
• Defining and delivering analytical projects across all products and customer groups
• Confirming, through analysis, the accuracy of the monthly ECL charge
• Working with external audit teams and colleagues across oversight teams to evidence the adequacy of IFRS9 ECL provisions.
• Helping to widen the understanding of the value of analytics across Finance
• Deputising for the Senior Manager, Analytics, in cross-bank collaborations.

We need you to have

• A numerate mindset – you must be comfortable working with large sets of data. (Think too big for Excel!).
• Proven experience of SAS as a data preparation and data analysis tool.
• Imagination – we need someone who can create ideas and bring them to life
• Prior experience of credit risk or financial risk regulation and data – or something similar. It will be a very sharp learning curve but we can help with this.
• The willingness to learn how to present to senior leaders if it’s not something you already do – it is a key part of the role and will become more so.
• Demonstrable experience working in a data-driven environment.
• An understanding of how to plan workloads for teams and how to integrate plans with peers – if not experience, then tell us how you would do it.

It’s a bonus if you have but not essential

• Experience of IFRS9 ECL and/or AIRB RWA
• SQL/Azure practical knowledge
• Credit risk modelling exposure – how models work and how they sometimes don’t.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more.
• Up to five extra paid well-being days per year​. 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt. 
• Market-leading pension.
• Free private medical cover, income protection and life assurance.
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness. 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping youLive a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. 

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.