About the team
Are you looking for a quantitative role supporting the Bank with the continuous improvement of its analytical capabilities?
The Financial Modelling team supports the Bank with the development, maintenance and execution of financial and behavioural models (including customer scorecards, loss provisioning, IRB and pricing models).
About Us
The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.
Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.
Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work.
What you will be doing
In this role, you will have the opportunity to support the Impairment Execution team to undertake all its deliverables. The Senior Analyst will be involved in the management, improvement and reporting related to behavioural scoring and impairment (IFRS9) across OneSavings Bank PLC.
Your responsibilities will include:
* Execution of the IFRS9 impairment process (including the provision of regular MI and ad-hoc analysis).
* Maintenance, selection and benchmarking of the macro-economic scenarios which support the IFRS9 impairment framework.
* Involvement in initiatives to improve the book credit quality and reduce expected losses.
* Control execution across the impairment process.
* Carry out ad-hoc analysis as required to identify trends, issues and developments in impairments and use findings to continually develop and enhance the process.
* Provide commentary and analysis of trends and movements to management via the monthly reporting committee, Group Credit Committees and the Statutory Reporting team as required.
In return for your commitment
We offer a base salary dependent on experience of between £56,000 - £70,000 and a competitive benefits package including:
* Discretionary annual bonus opportunity of up to 15%.
* 28 days annual leave plus bank holidays.
* Contributory pension (8% employer 5% employee).
* Life Assurance (4x salary) plus Group Income Protection.
* Access to Private Medical Insurance and Medical Cash Plan.
* Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase/sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.
Could you be the one?
We are looking for talented individuals who have the experience and knowledge set out below:
* 3 years previous experience undertaking a credit risk, impairment or capital related role in a financial institution is essential. Exposure to mortgage or other retail consumer finance is advantageous.
* Advanced knowledge of using SQL or SAS for modelling, reporting and data manipulation is essential.
* Ability to write concise reports to deliver feedback to key stakeholders is essential.
* A university degree in a quantitative field (i.e. Mathematics, Physics, Economics and Engineering).
What to do next
If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.
Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.
If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!
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