Risk Analyst

at  Nationwide

At Nationwide, we put our members at the heart of everything we do and every role, no matter what it’s doing. The Unsecured Credit Risk Team is responsible for managing the credit risk of the Society’s unsecured portfolios, which includes designing effective new lending strategies, managing the credit quality of Personal Loans, Credit Cards and Current Accounts and providing specialist credit risk advice to the business.
As a Risk Analyst, you’ll be working alongside a Risk Manager on a wide range of activities. This includes monitoring the Portfolios, identifying trends and their root causes and working with large datasets to create insights and improve risk strategies.
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 spend at least two days per week, or if part time you’ll spend 40% of your working time, based at our Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.
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.

ABOUT YOU

We are interested in people who enjoy working in a fast-paced team, have a real interest in Credit Risk and are not afraid of taking on a challenge. With a logical and analytical mind, you’ll solve complex problems with passion; trying to think of things that no one has considered before.

As a minimum requirement you’ll need to:

• Have a degree or equivalent experience, in a numerate discipline such as physics, maths or engineering.
• Have a logical and analytical mind with a passion for solving complex problems.
• Self-motivated, articulated and highlight motivated with a drive to stretch and develop yourself.
• Be a great team player, with a willingness to support your colleagues to tackle problems head on.
• Demonstrate an aptitude for coding and/or use of statistical tools (this includes, but not limited to, SAS / SQL / Python / MatLab)
• Some experience or evidence of an ability to present/explain findings to others, either verbally or through written reports.

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

• Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
• Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
• Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

Under the guidance of your line manager, you’ll undertake work that will be varied and technically challenging, and you could be working on your own or as part of a wider team.
Initially, you’ll be trained to be proficient within SAS and to understand the Portfolios and the accompanying monitoring and risk strategies. After, you will have the opportunity to work on a broad range of projects and workstreams that provide credit risk insights across business communities, while also ensuring we protect our members by staying within the organisation’s Risk Appetite.

To do this you’ll:

• Extract and analyse data from our systems using tools such as SAS, PowerBI, QlikSense, and Excel.
• Create useful and meaningful insights & management information.
• Explain complex messages to non-technical audiences.
• Develop & optimise Credit Risk strategies/ policy to ensure robust controls are maintained, while also supporting Nationwide’s membership base.
• Build relationships and work alongside key stakeholders such as the Systems, Modelling, Product, Oversight and Operational teams.