One of the UKs Leading Motor Finance companies and we are currently looking for a Quantitative Analytics Manager to primarily be responsible for scorecards and models of the society roll out process.

This role operates on a hybrid model and at least 2-3 days a week are required in the office in Redhill, Surrey. Remote workers will not be considered.

The Role: 

• Development for the following IRB (Internal rating based) models in accordance with internal policies and standard:
  • Rating, PD, LGD and EAD models
  • Stress testing models
• Production of model documentation and reports in accordance with internal standards; this includes:
  • Writing thorough model development documents technical and business using MS word
  • Generating reports relating to the models using SAS/R and excel
  • Manage the ongoing model maintenance (calibration) and monitoring once IRB is in BAU
  • Proactively designing and improving models for business use; this includes understanding the nature and change of business, proactively managing discussion with business and other stakeholders
  • Challenge and improvise efficiency of the models and their performance; keeping the models up to date with regulations and as well as business requirement
  • Analyse and work on the impact on model performance due to changes in business activity, market and/or economic performance
  • Providing input to the ongoing regulatory self-assessment for IRB; Coordinating responses from various stakeholders on regulatory requirements on IRB topics and assessing their compliance status
  • Supporting the provision of data on model testing and monitoring; this includes
  • Regular monitoring of the models using SAS/R and excel
  • Testing the input and output of the models and its performance using SAS/R and excel
  • Support remediation activities of IRB gaps reviewing and understanding of the gaps in relation to the regulatory requirements and delivering prudent measures to remediate those
  • Ad hoc model testing and recalibration of the models based on monitoring results and remediation requirements
  • Represent SCUK on the appropriate internal and Group committees and forums
  • Independently present the monitoring results and associated appropriate measures to the various stakeholders
  • Adhering to our commitment to Consumer Duty ensuring we put our Customers needs first and set higher and clearer standards of consumer protection

The Candidate:

• Extensive knowledge and experience in model development, validation in IRB or IFRS9 environment
• Hands on experience from one or more statistical data programmes such as SAS, Python, R
• Good understanding of the IRB regulation (CRR, PRA, EBA) and interpret these for modelling purposes
• Substantial experience and knowledge of credit risk and products
• Understanding and previous relevant experience in using a variety of statistical techniques
• Familiar with technical and regulatory terms and translate these to the stakeholders in non-technical way
• Strong ability to articulate findings in conclusions and potential recommendations to stakeholders in non-technical terms
• Strong Microsoft Office skills; particularly Excel
• Have a strong analytical background and numerical skills

The Benefits:

• Competitive salary dependent on experience
• 30 days holiday per annum, plus bank holidays
• Annual bonus based on personal and company performance
• Car allowance
• Private medical cover
• Generous pension contributions
• Employee assistance programme
• Sharesave scheme
• Gym passes at a reduced rate for 3,000 gyms, leisure centres etc