Job title: Junior Credit Risk Analyst

Location: London

Closing date:

Job Summary:

Working as a key member of the risk team to ensure the Credit Risk function is robust and managed within the key requirements of the business. The candidate will be responsible for the development of business critical statistical credit risk models and play a vital role in producing valuable insight into the Home Financing portfolio. The ideal candidate will have a background in modelling and Credit Risk from a Home Financing institution, preferably with experience covering two or more of the following areas of stress test modelling of the banks business plan, Basel (PD, LGD, EAD), ECL (IFRS9), credit scorecards and model validation. This candidate will be a key member of this business, helping drive through improvements and shaping the future of the department.

About us

Founded in 2007, we are a challenger bank that operates in accordance with Shariah principles, with offices in London, Milton Keynes and Wilmslow. We’re one of the fastest growing banks of our kind in the UK and are a subsidiary of Gatehouse Financial Group Limited. We offer personal and corporate savings products and finance for UK residential and commercial property, in addition to sourcing and advising on UK real estate investments. Our way of operating is stable, transparent, and shares risk and reward in an equitable way. That’s why we talk about balanced banking.

Key responsibilities

  • Developing statistical credit risk models including, origination and behavioural scorecards, Basel (PD, LGD, EAD) for approval in the next few years, impairment (IFRS9) and stress testing models
  • Responsibility of model documentation, implementation and subsequent monitoring
  • Responsibility for analysing portfolio trends and making recommendations for changes and improvements to product range, application process, strategy design and operations processes
  • Building and developing analytical capability within the organisation to design, monitor and enhance credit risk strategies and policies
  • Develop an analytical and reporting framework that supports broader enterprise-wide activities such as business plan stress testing
  • Any other duties commensurate with the grade and level of responsibility of this post, for which the post holder has the necessary experience and/or training

Required skills & knowledge

  • You must have excellent quantitative and problem-solving skills, using analytical methods to provide practical value based solutions
  • Knowledge of building models and scorecards for a residential finance provider
  • Knowledge of using credit bureau data in risk analysis
  • Experience of credit risk/analytics roles
  • Knowledge of residential Home Financing
  • Knowledge of IFRS 9 provisioning process (desired)
    Hands on experience and solid knowledge of analysis software languages. SAS is a must have, Palisade at Risk is a plus
  • Highly proficient using Excel and other analysis tools
  • Statistical background to produce reporting and models
  • Excellent communication skills and ability to convey complex ideas/insights to non-technical members of the team
  • Ability to work in an extremely fast paced start-up environment
  • Excellent verbal and written communication skills
  • Extremely self-motivated / Operate independently

Additional Details:

We offer a highly attractive reward package; the typical benefits include:

  • 25 days holiday entitlement increasing with service
  • Pension Plan
  • Private medical insurance
  • Group dental insurance
  • Income Protection
  • Life Assurance
  • Employee Referral Bonus

Gatehouse Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

Please be advised that we have an appointed recruitment partner, The Curve Group, to manage our recruitment process and give candidates the best possible experience in pursuing a career with Gatehouse Bank. The personal details you have shared with us may be processed by The Curve Group on behalf of Gatehouse Bank. Full details of their Privacy Policy can be viewed here.


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