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Quantitative Analyst | S2 | Retail Risk Methodology | Milton Keynes

We currently have an exciting opportunity for a Model Development Quantitative Analyst to be part of the Retail Methodology Team.

Within Model development there are three model development teams; retail credit, corporate credit, and non-credit.

The Retail Methodology Team has a diverse remit covering (but not limited to):

• Models used on mortgage, personal loan, bank account overdraft and credit card portfolios.
• Models used in credit decisions and customer management.
• Models used to calculate Regulatory and Economic Capital, which are subject to CRR regulations.
• Models used to calculate Provisions, which are subject to IFRS9 regulations.
• Models used to generate Stress Testing forecasts.

The difference you'll make:

• Working independently to deliver model development and monitoring projects to deadlines which will include:
• Writing technical documentation describing the model development in detail;
• Analysing the performance of the new model and any challenger models;
• Assessing adherence to the relevant regulatory environment;
• Ensuring that models are fit for purpose in accordance with company strategy and aims;
• Presenting the model development to approval committees;
• Monitoring model performance for in-force models.

What you'll bring:

• Track record of successful delivery in a statistical analysis or modelling role, preferably in a Banking environment;
• Proven ability of conducting statistical analysis in a coding environment such as SAS, SQL, R or Python;
• Experience of interpreting technical documentation and producing written reports which convey technical information in an accessible manner, targeted to specific audiences;
• Appreciation/knowledge of regulatory compliance requirements such as Basel or IFRS9;
• Degree level education in a quantitative field; a postgraduate qualification/PhD would be advantageous.

What else you need to know:

This role is based in Milton Keynes. We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles). If you apply for this role in this location, it's important you consider your travelling distance, time and cost from your home to the office location. We're happy to discuss specific working patterns and arrangements within this hybrid approach during the recruitment process.

Inclusion: At Santander we're creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair. How we'll reward you: As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• £500 annual cash allowance to spend on our great range of benefits.
• Eligible for a discretionary performance-related annual bonus.
• We put 8% of salary into your pension, even if you don't contribute yourself. We'll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 27 days' holiday plus bank holidays, which increases to 28 days after 5 years' service, with the option to purchase up to 5 contractual days per year.
• Free access to a range of digital health services, including GP.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
• Voluntary healthcare benefits at discounted rates. Including: medical insurance, dental insurance, and health assessments.
• Share in Santander's success by saving or investing in our share plans.
• Support your favourite causes through charitable giving and our community partnerships.
• As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services.

What to do next: If this sounds like a role you're interested in, then please apply. 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 through email. You can contact us at resourcing@santander.co.uk.