Nationwide
Credit Portfolio Analytics Manager
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IFRS 9 Modelling Manager
As an IFRS 9 Modelling Manager you will lead a small team of credit modellers to develop risk models to forecast the Bank's Loan Loss provisions (these models are also components of the Stress Testing and Pricing frameworks).
The remit covers all types of models within the Business Banking IFRS 9 Provisioning landscape (PD/LGD/EAD). The team’s focus is on the development, validation, management and monitoring of our models and providing first class support to our stakeholders across Risk and Finance.
We are happy to consider flexible working approaches to help you perform at your best.
At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job you'll be located at our nearest regional office or hub. There will be a need to regularly connect with colleagues for collaboration and in some locations you’ll be expected to spend at least two days a week, or if part time you'll spend 40% of your working time, in the office. If your application is successful, your hiring manager will provide further details on how this works.
If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.
RESPONSIBILITIES
What you’ll be doing
As a Risk Modelling Manager, you'll play a leading role in delivering and enhancing our Business Banking IFRS9 credit risk models. You'll manage key model activities, including quarterly economic model refreshes and PMA calculations, while ensuring outputs meet regulatory, Bank and stakeholder expectations.
Working closely with Risk and Finance colleagues, you'll develop and implement IFRS9 models, deliver model outputs into business-as-usual processes, and present model outcomes with recommendations to address model limitations. You'll also support ad hoc analysis, lead audit reviews of Business Banking IFRS9 model outputs, and produce robust analytics to inform committee and stakeholder decisions.
In addition, you'll provide expertise on Business Banking modelling across the wider organisation, support and develop junior team members, and contribute to broader discussions across the Bank's risk and modelling networks.
About you
As a minimum, you’ll have:
- Demonstrable and extensive experience in a Business/Corporate Credit Modelling role, covering areas such as IRB, IFRS 9, Stress Testing, Economic Capital and Pricing
- Demonstrable experience developing and enhancing IFRS 9 Business/Corporate Credit Models, including PD, LGD and EAD models
- Experience leading small teams as part of a IFRS9/Stress Testing modelling and BAU process
- Significant involvement in most components of the Model Lifecycle (Scoping, development, implementation, monitoring)
- Confident explaining model outcomes to non-technical specialists and an ability to use persuasive arguments to influence key stakeholders
- Excellent knowledge of a range of Credit Risk Modelling techniques for PD/LGD/EAD (IFRS9/Stress Testing/IRB)
- A degree in a numerate discipline subject (e.g. statistics, maths, engineering, econometrics)
- A solid foundation in statistical programming languages and data querying (SAS/SQL/Python/R)
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Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:
- Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
- Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
- Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
- Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes
You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.
QUALIFICATIONS
The extras you’ll get
There are all sorts of employee benefits available at Nationwide, including:
- 25 days holiday, pro rata
- Private medical insurance
- A highly competitive pension to help you build a strong foundation for retirement
- Access to an annual performance-related bonus
- Training and development to help you progress your career
- A great selection of additional benefits through our salary sacrifice scheme
- Life assurance to provide peace of mind for you and your loved ones in the event of your death
- Wellhub – access to a range of free and paid options for health and wellness
- Up to 2 days of paid volunteering a year
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Banking – but fairer, more rewarding, and for the good of society
We forge our own path at Nationwide.
As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.
If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.
At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community, we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.
We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.
What to do next
If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
Keeping your data and personal information confidential is important to us. To find out more about how we use and process your data, please read our Privacy policy.
If you want to find out more about using AI in our recruitment process, please read more here.
Disability Confident
We’re not just guided by data, we’re driven by the real experiences of our people. We’re a Disability Confident Level 3 Leader, the highest level.
That’s why we’re constantly evolving our policies and practices to make sure everyone feels genuinely supported, valued, and empowered to champion inclusion. Whatever your needs, we’re here to support you. If you need any additional support throughout your application journey, email our team at Recruitment Support.
Apply safely with Nationwide
Recruitment scams can look convincing, so take a moment to check the role is listed on our official careers site and read our guidance on Don’t be conned by a job scam.
Please note that should you be successful in securing this role, the job title on our internal systems will be Risk Modelling Manager.
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