Senior Risk Analyst

We have an exciting opportunity to join our Forecasting & Stress Testing team as a Senior Risk Analyst. This role is pivotal in the delivery of our forecasts, and you will seek insight from multiple teams across credit risk and beyond on impacts that could shape the future of the society.

The Forecasting & Stress Testing team have a variety of accountabilities across Credit Risk with our forecast outputs feeding into regulatory stress tests, new lending strategies, risk appetites and financial planning. 

What would the impact to our mortgage portfolios be if the government introduced stricter EPC requirements? What would happen if energy prices were to experience a material increase? How could our Credit Card payment behaviour change if the Base Rate and Unemployment Rate increased? These are some examples of analysis that has been undertaken by our team and presented and approved by Senior Stakeholders, helping to shape the future of the society.

We invest in our employees supporting you with your development, and this opportunity will suit an individual who is looking to take on greater responsibilities, take ownership of analysis and wishes to develop and enhance their technical and presentation skills.

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 either our Swindon or Northampton offices. 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.

What you’ll be doing 

• Support the delivery of regulatory and internal forecasts and stress tests.
• Form productive relationships across Nationwide to ensure that our outputs are accurate and relevant to the wider society’s plans. 
• Improving your own knowledge on credit risk and share this with the wider team

• Undertake analysis into both historic and future portfolio behaviour to deliver value and insight to our stakeholders

About you

As a minimum, you will have:

• Have previous experience of analysing/interpreting data in a professional environment
• Be self-motivated, articulate and highly numerate, you’ll have experience of presenting/explaining your findings to others either verbally or through a written report
• Have experience of building relationships and communicating with confidence whilst also working well on your own initiative
• Experience in statistical and analytical tools such as SAS and SQL and be proficient with key Microsoft applications i.e. Excel, Word, PowerPoint.
• A general understanding of IFRS9 or IRB credit risk management principles.

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. 

The extras you’ll get 

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year 
• Life assurance worth 8x your salary 
• A great selection of additional benefits through our salary sacrifice scheme 
• Wellhub- Access to a range of free and paid options for health and wellness 
• Access to an annual performance related bonus 
• Access to training to help you develop and progress your career 
• 25 days holiday, pro rata 

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.

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.