Business Unit: Model Risk Management, IFRS9 and Stress Testing Salary range:£60,000 - £75,000 per annum DOE + red-hot benefits Location:  UK Hybrid – London HUB once per week Contract type: Permanent Be the voice we need. Live a life more Virgin. Our Team Our IFRS 9 and Stress Testing team sits at the core of Model Risk&Analytics. We carry out model development for Stress testing across all the portfolios for ICAAP, ACS and adhoc stress testing purposes. We are developing and improving the landscape of our Stress testing models to support the rapidly growing and evolving portfolio. We aim to deliver robust Stress testing models to support bank’s strategic roadmap. What you’ll be doing Developing and maintaining credit stress testing models across Retail and Business portfolios, and across IRB and IFRS 9 modelling environments, including ongoing model maintenance and the scoping, design, development, validation and implementation ofcredit stress testing models, in line with Bank standards and regulatory compliance requirements. Working closely with management to independently implement changes to the SAS based Stress Testing Engines and associated analytical tools and Excel interfaces, with evidenced assurance of implementation communication to management. Supporting delivery of first-class model documentation and recommendation papers to governance committees to gain the support of key stakeholders. Advocating the development and maintenance of model performance monitoring and annual reviews, ensuring models currently in operation remain robust and fit for purpose. Collaborating with credit risk modelling, finance and business teams for obtaining insights and feedback for the management of the credit stress testing models and supporting the operational/delivery arm of the credit stress testing team in relation to model usage. Ensuring models comply with internal and external polices and regulations, through the management of robust processes, ensuring appropriate challenge, oversight, documentation and by engaging with key stakeholders. Focusing on continuous improvement through identification of model performance issues, addressing oversight actions and by embedding learnings and evolving business and regulatory requirements. Ensuring stress testing frameworks remain fit for purpose through regular review and maintenance. We need you to have Extensive experience in model development for stress testing, ideally using SAS and R, with a deep understanding of Credit Risk. In-depth knowledge of stress testing model development within an IFRS 9 and IRB environment, across various Retail/Business credit portfolios, with a strategic approach to model application. Proven ability to make timely and strategic decisions, taking full accountability for outcomes and driving initiatives from conception to completion. Strong leadership skills to build and sustain effective networks and relationships with internal and external stakeholders, fostering collaboration and alignment with organizational goals. Excellent communication skills to articulate complex methodologies, processes, and outputs to colleagues with varying levels of subject matter expertise, ensuring clarity and understanding. Demonstrated capability to promote and lead teamwork, collaboration, and respect for others,while strategically guiding the team towards achieving business objectives. It’s a bonus if you have but not essential Experience of economic time series analysis An understanding of prudential IRB and IFRS9 impairment concepts. Red Hot Rewards Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more. Up to five extra paid well-being days per year​.  20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.  Market-leading pension. Free private medical cover, income protection and life assurance. Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.    And there's no waiting around, you'll enjoy these benefits from day one.   Feeling insatiably curious about this role? If we’re lucky to receive alot of interest, we may close the advert early and would hate you to miss out.   We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you. Say hello to Virgin Money We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.  Be yourself at Virgin Money Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.   As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.  Now the legal bit Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work inthe UK. If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.