The Retail Methodology Team has a diverse remit covering models used on mortgage, personal loan, bank account overdraft, and credit card portfolios. The models are applied to credit decisions, customer management, regulatory and economic capital calculations subject to CRR and IFRS9, and stress testing forecasts. The team builds a culture of respect and innovation, encouraging new ideas and challenging the status quo.
Responsibilities
- Work independently to deliver model development projects to deadlines, including writing detailed technical documentation.
- Analyze the performance of new models and challenger models.
- Assess adherence to the relevant regulatory environment.
- Ensure models are fit for purpose in accordance with company strategy and aims.
- Present model development to approval committees.
- Monitor model performance for in‑force models.
Qualifications
The following requirements are essential for success in this role.
- Track record of successful delivery in a statistical analysis or modelling role, preferably in a banking environment.
- Proven ability to conduct statistical analysis in a coding environment such as SAS, SQL, R, or Python.
- Experience interpreting technical documentation and producing written reports targeting specific audiences.
- Knowledge or appreciation of regulatory compliance requirements such as Basel or IFRS9.
- Degree level education in a quantitative field.
- Knowledge of statistical techniques such as logistic regression, linear regression, time series analysis, and survival analysis.
- Proficiency in statistical programming languages such as SAS or Python.
- Experience with large, complex datasets and ensuring data quality.
- Experience developing or validating PD, LGD, or EAD models.
- Knowledge of retail banking products (e.g., mortgages, loans, credit cards, overdrafts) and the retail credit product lifecycle.
- Excellent written and verbal communication skills to articulate complex technical concepts to non‑technical stakeholders.
- Excellent critical thinking, problem‑solving abilities, and attention to detail.
- Effective teamwork and adaptability.
- Good understanding of the UK and European regulatory environment (FCA/PRA/ECB) and governance and model risk management.
All candidates must have the right to work in the UK to commence employment with Santander.
Local compliance: Santander is proud to be an inclusive organisation that provides equal opportunities for everyone, regardless of age, gender, disability, civil status, race, religion or sexual orientation. We are committed to providing a fair and accessible recruitment experience.
Benefits & Perks
- £500 annual cash allowance for benefits.
- 27 days holiday plus bank holidays, increased to 28 days after 5 years of service; option to purchase up to 5 days per year.
- Voluntary healthcare benefits at discounted rates, including medical and dental insurance and health assessments.
- 8% salary pension contribution (up to 12.5% if the employee contributes).
- Protection benefits: death-in-service, income protection, and optional life assurance.
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