Senior Credit Risk Analyst (Modelling)

• The development of Credit Risk Application and Behaviour Scorecards that will be used throughout the account lifecycle, from application stage through to collections
• The development of the PD models as required under the IRB and/or IFRS9 frameworks
• Ensuring adherence to the model governance framework
• Calculating and monitoring the PD model outputs to ensure stability of the framework, identifying adverse changes to be actioned
• Producing in-depth documentation of the models and the production framework to the required standard to obtain the relevant sign-off
• Implementing the models into the live environment in a manner that is consistent with the development objectives, ensuring 100% accuracy and timeliness of the calculation of the outputs
• Creating and producing the required regular validation of the models
• Ensuring the regular monitoring of the stability, integrity and effectiveness of the models, highlighting adverse changes and proposing remedial action plans
• Timely production of the full suite of monitoring reports required as part of the model governance framework
• Ensuring data integrity, documentation, validation, stability and controls are in place for all data elements used within the modelling and live production of the model outputs
• Supporting in the development and execution of the stress testing framework
• Providing support and development to junior analysts
• Providing support as needed by the Modelling Manager
  

• Good knowledge and understanding of general statistical modelling (Logistic and Linear Regression, Scorecard development, Reject Inference) and related stats (Gini, information value, K statistic, R squared, population stability etc.)
• Proven experience in statistical modelling and analytics across the account life cycle
• Good working knowledge of CRA and behavioural data
• Degree level education (min 2:1) in mathematics, statistics or equivalent
• Excellent verbal and written communication skills
• Ability to work independently and, at the same time, support the wider project team as needed

• Modelling experience using SPSS or SAS
• Experience of IRB PD models and rating systems
• Experience in a mortgage environment (Buy-to-Let and Residential)
  

Even if you don’t meet all the criteria, we encourage you to apply. At Paragon, we value diversity and we’re excited to hear from passionate individuals like you! If you’re ready to contribute to the team, please apply. 

Further information on the role can be found in the Purpose and Performance Profile (PPP), which is downloadable on this page.

Please note, applicants must have the right to work in the UK. We do not offer visa sponsorship.

Working hours

 Monday - Friday 08:30 - 17:00 (1 hour lunch), Hybrid working

Inclusion
As a Disability Confident Employer, we want to ensure that our vacancies are accessible for everyone.  If you have a disability, long term health condition or are neurodiverse and need us to adjust our recruitment process please get in touch with our recruitment team.

What can we offer you?

• Generous Holiday Allowance: Starting from 25 days and climbing to 30, you also get to enjoy a day off for your birthday, Christmas Eve, and New Year’s Eve. You can also buy or sell up to a week’s leave

• Share Save Scheme: Annually, you have the opportunity to buy shares in Paragon at a discounted rate
• Profit Related Pay: We share some of our annual profit with our eligible employees
• Pension Plan: We contribute up to 10% of your annual salary towards your pension
• Family Friendly policies: We offer enhanced parental pay and paid time off for fertility treatment
• Employee Discounts: Enjoy exclusive discounts on entertainment, travel, shopping, motoring and more
• Volunteering Day: Contribute to causes you care about with one volunteering day per year
• Life Assurance and Personal Accident Cover

Be flexible

We promote flexibility around how and where we work so that you can achieve a healthier work-life balance. We operate hybrid working, splitting our week between the office and home. 

Be yourself

As an equal opportunities employer, we welcome diversity and care about inclusion. That’s why we want you to be your whole self at work. We believe an inclusive workplace is good for each of us, great for our customers and better for our business. Our Equality, Diversity and Inclusion Network meets regularly to share challenges, experience, and ideas to build a more equal, diverse, and inclusive business.

Be heard

We listen to your point of view, with our People Forum and regular employee surveys making sure you can use your voice and influence our future.

Be well

We will give you access to a range of tools and resources to support your wellbeing. This will include a digital GP service via our free Employee Assistance Programme, access to our Wellbeing team to connect you with the help you need to get more out of life and our Vitality at Work programme to provide you with discounted gym membership, fitness equipment and another multitude of wellbeing services.

Be better

We want you to reach your potential and, as a Platinum Investors in People employer, we’ll encourage you to learn and develop by building a personalised development plan together with your manager.