**Company Overview**
At Virgin Money, we're committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up, and be heard. We aim to deliver robust stress testing models to support the bank's strategic roadmap.
**Job Description**
We're seeking a skilled Credit Stress Testing Specialist to join our Model Risk & Analytics team. In this role, you'll be responsible for developing and maintaining credit stress testing models across Retail and Business portfolios.
**Key Responsibilities**
* Developing and maintaining credit stress testing models, including ongoing model maintenance and the scoping, design, development, validation, and implementation of credit stress testing models in line with Bank standards and regulatory compliance requirements.
* Working closely with management to implement changes to the SAS-based Stress Testing Engines and associated analytical tools and Excel interfaces.
* Supporting delivery of first-class model documentation and recommendation papers to governance committees.
* Advocating the development and maintenance of model performance monitoring and annual reviews.
**Required Skills and Qualifications**
* Extensive experience in model development for stress testing, ideally using SAS and R, with a deep understanding of Credit Risk.
* In-depth knowledge of stress testing model development within an IFRS 9 and IRB environment, across various Retail/Business credit portfolios.
* Proven ability to make timely and strategic decisions, taking full accountability for outcomes and driving initiatives from conception to completion.
* Strong leadership skills to build and sustain effective networks and relationships with internal and external stakeholders.
**Benefits Package**
* Generous holidays and paid well-being days per year.
* Market-leading pension.
* Free private medical cover, income protection, and life assurance.
* Flexible benefits include Cycle to Work, wellness, and health assessments.