Senior Model Impairment Manager

Reporting to the Head of Financial Control, the Senior Manager will provide strategic leadership of a team of manages and analysts to deliver the technical design of industry-leading IFRS 9 models:

• Support the Head of function in designing and delivering an enhanced framework for IFRS 9 assessment, managing internal and external specialist / technical resources to ensure the successful delivery of fit for purpose models and processes.

• Significant influence based on technical expertise on model design and management ensuring compliance to regulation, internal model management standards.

• Provide excellent stakeholder management in and outside VBG, with a need to regularly liaise with Executive and senior management within VBG.

• Success in role will lead to accuracy and efficiently in the manner within which VBG assesses impairment, and as such could have a material impact outside the function

• The role requires extensive use of data interrogation techniques, statistical analysis, insightful conclusion, and influential communication.

Responsibilities:

• Lead the IFRS 9 impairment model team in designing, developing, maintaining and monitoring industry standard impairment, models, applying advanced modelling approaches to deliver best practise results.

• Maintain model management processes in line with Group model governance policy

• Monitor and interpret impairment models performance, providing assurance the outcomes are reliable and in compliance with prevailing regulations.

• Present impairment models to senior model stakeholders and governance

• Through team, perform ad hoc analyses and provide evidence-supported recommendation to model stakeholders.

• Lead and deliver in a fast-paced environment, with a focus on efficiency and best in class results.

• Key point of contact for external auditors in relation to IFRS 9 models

Experience required:

• Expert in IFRS 9 model development methodologies used for secured and unsecured credit products.

• Experience of working for a banking organisation

• Detailed understanding of effective model management principles.

• Strong understanding of modelling methodologies, advanced approaches preferred, but not essential.

• Demonstrable knowledge of stress testing modelling environments.

• Significant experience in modelling, including demonstratable technical knowledge of IFRS 9 model design, development and management.

• Excellent communication (written and verbal), influencing and negotiation skills being able to clearly communicate model methodologies to technical and non-technical senior and Executive stakeholders within the Bank and externally to the regulator and external audit

• Track record of successfully designing & implementing credit models (IFRS 9, PD / LGD and stress testing)

• Experience of managing stakeholder relationships

• Knowledge of model risk governance framework, Model Risk Management principles etc.

• Experience in an FCA regulated consumer lending environment (Experience of a dual-regulated FCA / PRA environment desirable but not essential).

• Advanced range of statistical modelling and programming techniques

• Strong understanding of statistical model validation and performance testing

• Hands on coding language experience in any language – R/SAS/Python/Matlab/Stata/VBA; Expert in Excel

Location: London, Bradford, Petersfield or Chatham (Hybrid working)

Working Pattern: Hybrid—typically a couple of days a week in the office. Part-time or flexible arrangements are considered to support work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.

What We Offer:

• Holidays: 25 days holiday up to 30 days (depending on service)
• Pension: We know it is important to save for the future, that is why we will contribute up to 10%
• Maternity/Paternity: We realise that family time is important, we offer enhanced maternity (after successful completion of probation) and 4 weeks paternity leave
• Workations: opportunity to work abroad 20 days a year (approved list of countries) enabling you to visit family and friends or extend your trip
• Volunteering: 2 paid days to ‘give back’ to the charity of your choice
• Development: LinkedIn Learning for all
• Finance: Snoop Premium available to all colleagues
• Opportunities to connect: via quarterly socials, in-person and virtual company updates
• Medical: Opportunity to opt in for Private Medical Insurance
• Bonus: Discretionary annual bonus

Equal Opportunity Statement

Here at Vanquis Banking Group, we embrace everyone’s unique strengths and identities to be themselves at work. Regardless of how you identify yourself, your sexual orientation, martial or civil partner status, race, colour, nationality, ethnic or national background, faith, disability, or age – your experiences and background help enrich our teams, and most importantly help support our customers in the best way possible. At the end of the day, its our people that help us to fulfil the reason why we’re here in the first place: to help put people on a path to a better everyday life.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available to help. You can contact us at [email protected]