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The Credit Risk Stress Testing Analyst is responsible for the forecasting of losses and capital requirements of the Retail or Corporate portfolios under a stress. This includes, but is not limited to, the annual BoE Concurrent Stress Test, ICAAP, the bi-annual EBA stress and Climate Stress Tests ad-hoc/what if analysis.
The difference you'll make
Reviewing and challenge of the model output.
Maintaining a set of control checks that can be undertaken for each model run
Developing a good understanding of both the Accounting Standards that impact the provisioning processes and Regulatory Guidance that impacts the capital calculations.
Engaging with other risk areas such as forecasting, portfolio management, collections
Willing to work with others and follow through until identified issues are resolved
What you'll bring
High degree of mathematical literacy, with a 2:1 degree or equivalent in a numerate discipline (for example Maths, Statistics, Sciences, Engineering or Operational Research) or relevant experience in the financial sector.
Experience using Microsoft Excel
It would also be nice for you to have
Preferable to have experience working within the credit risk
An understanding of financial analysis, planning and modelling.
An understanding of the various stages of the stress testing process
What else you need to know.
This role is based in Milton Keynes with flexibility working from home
How we'll reward you.
As well as a salary, we offer a wide range of benefits that you can choose from and tailor to your
Eligible for a discretionary performance-related annual bonus
Pension with generous contributions of up to 12.5% from Santander, depending on your own contribution and length of employment with us
27 days' holiday plus bank holidays, which increases to 28 days after 5yrs service, with the option to purchase up to 5 contractual days per year
Voluntary healthcare benefits at discounted rates. Including: Bupa medical insurance, dental insurance, healthcare cash plan and health assessments
Benefits supporting you and your family, such as death-in-service benefit, income protection, and voluntary life assurance and critical illness cover
24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more
Share in Santander's success by investing in our share plans
Support your favourite causes through charitable giving and our community partnerships
Learn more about our benefits and family friendly policies
#ThePlaceToBeYourself - Everyday Inclusion at Santander
We are committed to making sure all our colleagues feel they belong and are supported to succeed. Our customers come from a wide range of backgrounds, and so do our people, so we welcome applications from across society.
You can find out more about how we're embedding an inclusive culture that encourages our people to bring their full and authentic selves to work on our Inclusion and Belonging page.
A bit more about Santander
At Santander we're driven by our purpose - to help people and businesses prosper. This means we help customers to create change for themselves and those around them, and we champion businesses to grow sustainably. We do this by always living our values of Simple, Personal and Fair.
At Santander, we each take personal responsibility for managing risk by embracing the I AM Risk framework - to Identify, Assess, Manage and Report risks, and to continuously build a deeper understanding of the risks we face. It is an important part of our culture at Santander and we will provide you with knowledge to help you manage risks in your role.
What to do next:-
If this sounds like a role you're interested in, then please apply.
If there's anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it's a copy of our application form in another format or additional assistance, we're available through telephone, email, or face to face. You can contact us at email@example.com or call 0870 414 9080.
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