Paragon Banking Group PLC
Senior Financial Analyst
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About The Financial Analyst Role
Let’s grow together!
A Platinum Investors in People employer and an award-winning UK bank, focused on growth. Our customers include savers and businesses across the UK, and working together, we use our specialist expertise to help them achieve their ambitions and build a sustainable future. If you’re an experienced Financial Analyst looking for an opportunity to grow in a friendly environment, we’re looking for you!
We’re flexible, inclusive, committed to your wellbeing, and passionate about helping you reach your potential. Let’s grow together.
What You’ll Be Doing
- Lead analysis of monthly and quarterly provision movements, identifying key drivers across portfolio mix, credit performance, model behaviour, macroeconomic assumptions, and overlays
- Support the preparation, control, and interpretation of provision outputs and related financial postings, ensuring reported numbers are robust, explainable, and appropriately governed
- Monitor developments in accounting, regulatory, and market practice, assessing their relevance to the Group’s Expected Credit Loss (ECL) framework, including emerging themes requiring reflection over time
- Collaborate with Credit Risk and other stakeholders to understand portfolio performance, key assumptions, and changes that may impact provision outcomes
- Support and influence model validation, audit, and governance activity by providing clear analysis, documentation, and constructive responses to challenges
About You
Essential Requirements
What you’ll bring to the team:
- Strong experience in IFRS 9 impairment, with a practical understanding of how Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), staging, and scenarios combine to produce ECL outcomes
- Ability to analyse and clearly explain provision movements, model behaviour, and emerging risks to Finance, Risk, and senior stakeholders
- Good understanding of model governance, validation, and controls, with the confidence to respond constructively to challenge
- Awareness of how provision models interact with wider frameworks (e.g., stress testing/regulatory models), and an ability to adopt a holistic view of risk
- Strong analytical capability with SQL/Excel, combined with sound judgement and a clear sense of ownership for outputs
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Bonus
Even if you don’t meet all the criteria, we encourage you to apply! At Paragon, we value diversity and are excited to hear from passionate individuals like you.
If you’re ready to contribute to the team, please apply.
Note: Applicants must have the right to work in the UK. We do not offer visa sponsorship.
Working Hours & Structure
- Haybrid working (office + remote) – 37.5 hours per week (Monday–Friday)
Inclusion
As a Disability Confident Employer, we want to ensure our vacancies are accessible for everyone. If you have a disability, long-term health condition, or are neurodiverse, and need adjustments to the recruitment process, please contact our recruitment team.
About Us
What We Offer You
| Benefit | Details |
|---|---|
| Holiday | 25–30 paid days + birthday/certain public holidays. Flexible hours to buy/sell leave. |
| Share Save Scheme | Annual opportunity to buy Paragon shares at a discounted rate. |
| Profit-Related Pay | Share some of our annual profit with eligible employees. |
| Pension Plan | Company contributes up to 10% of your salary. |
| Family-Friendly Policies | Enhanced parental pay, paid leave for fertility treatment. |
| Employee Discounts | Exclusive discounts on entertainment, travel, shopping, and more. |
| Volunteering Day | One paid day per year to support causes you care about. |
| Life Assurance | Personal accident insurance included. |
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Be Flexible Promotes flexibility in work location and schedule to support a healthy work-life balance. Hybrid working ensures teams are balanced between office and home.
Be Yourself As an equal opportunities employer, we embrace diversity and inclusion. Our Equality, Diversity, and Inclusion Network fosters collaboration to create a fair and supportive workplace.
Be Heard Encourages feedback through People Forums and employee surveys, ensuring staff voices shape company direction.
Be Well Offers a range of support, including:
- Digital GP service (via Employee Assistance Programme)
- Wellbeing resources (access to specialized teams).
- Vitality at Work, providing discounted gym memberships and wellness benefits.
Be Better As a Platinum Investors in People employer, we commit to your development:
- Collaborate with your manager to build a personalised development plan.
- Encourage growth and skill-building for career success.
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