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You will be joining the Risk and Compliance team undertaking a range of quantitative modelling and analytics to support the measurement, monitoring and management of risk, including Financial Risk models, Stress Testing, Sensitivity Analysis and a range of IFRS9 ECL modelling and reporting across our portfolios. As a Risk Analyst you will assist in our quantitative activities across our existing portfolios and any new programmes we may implement, drawing on their knowledge and experience in both R and Python coding. You will have the opportunity to gain extensive practical experience working on various quantitative modelling and analytical initiatives, progressively taking on greater responsibility which will enable you to develop your skills in a dynamic and supportive setting.
Experience
You must have knowledge and experience of R and Python coding languages is a prerequisite for this role, with a willingness to develop these skills further. Knowledge of other coding languages would be beneficial.
You will also have proficient understanding of statistical concepts and methodologies, including Ordinary Least Squares (OLS), Logistic Regression, Generalised Linear Models (GLM), Principal Component Analysis (PCA), knowledge of key statistical distributions, simulations and bootstrapping. You should have knowledge of time series models such as ARIMA, as well as hypothesis testing (e.g., t-tests, chi-square tests), ANOVA, and their key statistical assumptions and tests.
You will be able to demonstrate proficient analytical skills and attention to detail and ideally have experience/understanding of credit or investment risk management in the public or private sector.
You will be able to demonstrate technical skills in Excel and PowerPoint, with PowerBI also beneficial and have an interest in the SME finance marketplace and eagerness to learn more about the sector
Experience/understanding of credit or investment risk management in the public or private sector would be highly advantageous.
Key benefits
- 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
- 15% employer pension contribution
- Flexible working
- Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
- Paid voluntary days, maternity, paternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more
About British Business Bank
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.
Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.
With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.
As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).
At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.
As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
