Credit Risk Analyst

Job Title: Credit Risk Analyst
Working Pattern: Monday to Friday, 36.25 hours per week
Salary: Up to £32,500 and up to 20% bonus and benefits
Location: Hybrid based at our Cardiff office

At Tandem, we're not just a bank; we're a movement for positive change. If you're an ambitious and dedicated Credit Risk Analyst, ready to make an impact, we've got a space with your name on it!

The main purpose of the role will be responsible for the development and maintenance of pricing models, ensuring they align with Group objectives and provide competitive value for our customers. This role will also oversee the commercial performance and implement strategic plans to enhance our pricing and offering.

As a key member of our team, you will ensure the company operates within its credit risk appetite by maintaining and enhancing credit risk reporting and analysis. This includes routine and project work on credit risk performance, producing management information, and supporting the development of credit metrics and risk control projects. The role is pivotal in integrating risk management with pricing strategies to support Tandem's business objectives.

We are Tandem - Where impact meets innovation.

Tandem is the UK's greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share – all while nurturing our planet, our people, and our customers. As one of Europe’s fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.

Tandem also leads the way with a secondary app called Loop. Loop gives customers a simpler, hassle free and awkward free way to share money among friends.

Your team: Collaborators in change

Tandem is proud to offer a workplace with diverse experiences, perspectives, and backgrounds which leads to a unique company culture for our people and a better experience for our customers.
 
As a Credit Risk Analyst reporting to the Credit and Pricing Manager, you will support all credit risk and pricing activities within the Motor Team. This includes the development, maintenance, and oversight of pricing models, as well as the analysis and reporting of credit risk. Your role will be pivotal in ensuring that our pricing strategies align with our overall business objectives and that we operate within our credit risk appetite.

Our Motor team is small but dynamic, offering significant opportunities for the right individual to apply their knowledge, expertise, and autonomy. You'll have the chance to innovate and drive improvements in our growing product line, making a tangible impact on our business.

The Credit & Pricing team is crucial to Tandem's overall growth and performance. This role provides opportunities to contribute to, and work alongside, the wider Group Credit & Pricing Team, allowing you to play a key role in our company's success and expand your professional development.

Your Impact: Building a greener tomorrow 

As a Credit & Pricing Analyst at Tandem, your focus will be on the following key areas:

Accountability and Performance:

• Take ownership of your performance and contribute to achieving the KPIs set by the business.
• Implement a commercial model that ensures our fair and green outcomes are realised for our customers.
• Ensure the pricing model is commercially viable for our intermediaries and exceeds regulatory requirements and standards.

• Design and implement reporting systems that enable oversight of intermediary partners in terms of commercial and risk performance, covering both originations and profitability.
• Support the Group Credit & Pricing team in achieving wider business strategic goals, challenging propositions with a commercial perspective, and identifying improvements to solutions and processes.

• Demonstrate experience in risk management practices within UK financial services, preferably in analytics or a similar industry (desirable but not essential).
• Build and manage relationships with a wide variety of stakeholders effectively.
• Deliver simultaneous, time-pressured tasks and prioritise them effectively.
• Support the Credit & Pricing Manager with preparation or contribution to Credit & Pricing Committee (or similar) meetings.

Communication and Integrity:

• Be a confident and professional communicator with strong attention to detail and an analytical approach.
• Be willing to travel to other offices as required.
• Ensure that customers are at the forefront of all decisions through regulatory knowledge or understanding.
• Improve overall customer outcomes by offering informed solutions and competitive pricing, always keeping good customer outcomes in mind.

We’d love to hear from you if you have:

• Strong focus on numerical and statistical analysis with practical application skills.
• Extensive experience in all areas of Credit Risk analytics.
• Proficient in extracting and manipulating datasets to statistical standards.
• Ability to work effectively under pressure and meet tight deadlines.
• Excellent verbal and written communication skills, engaging with stakeholders clearly and fairly.
• Strong collaboration and relationship-building with stakeholders at all levels.
• Strong analytical and problem-solving skills with effective solution implementation.
• Understanding of regulatory requirements and ensuring compliance.
• Commitment to placing customers at the forefront, offering informed solutions and competitive pricing.
• Proactive attitude with the ability to set and achieve own priorities, taking a lead role.
• Act with integrity and honesty, maintaining high ethical standards.
• Knowledge of analytical software such as SQL and Python.
• Highly proficient with MS Office, specifically Excel and PowerPoint.

Rewards that reflect your value, what’s in it for you? 
 
At Tandem, your hard work is rewarded in many ways and we have an enhanced employee benefits package on offer from your very first day with us:  

• 25 days annual leave plus 8 days Bank Holiday   
• An additional day off for a ‘celebration day’ including, but not limited to, birthdays, weddings, religious holidays, graduations etc 
• Buy or sell up to 5 days holiday a year 
• Healthcare cash plan through Westfield Health worth a minimum of £750 per year 
• Electric Vehicle salary sacrifice scheme    
• Cycle to Work salary sacrifice scheme and a free helmet   
• Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility) 
• Smart Tech scheme (buy goods with 0% interest) 
• 10% discount on solar panels 
• Tandem Hub for treats, cash back and discounts on UK retailers    
• 2 days per year paid volunteering    
• Free cereal, snacks and drinks in all offices 
• Quarterly team social budgets 

Our Green Deal: Your Impact Amplified 

A little welcome gift from us to you, we’ll plant a tree in the Tandem Grove and you can enter into our “Green Deal” below: 

• Volunteer 2 days a year for charity > receive an early Friday finish  
• Raise £200 per annum for charity > Tandem provide PR and marketing support  
• Have renewable energy at home > receive an additional 1 day annual leave  
• Drive an electric car > receive £500 towards a home charger 

Ready to make your mark?  

Apply now and let's pave the way to a greener world, together. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.   

Sourcing Model 

Recruitment at Tandem works primarily on a direct sourcing model and does not accept resumes from recruitment agencies which are not on the preferred supplier list. We are not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company. You can find our Applicant Privacy Policy on our Careers page. 
 
Tandem is an equal opportunity employer and are committed to meeting our responsibilities under the Equality Act (2010). We respect the diverse experience and talents that every individual brings to our Company, and we are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.  

Please be aware that background checking (including credit and criminal records checks) form part of our recruitment process. We will adhere to our duties under the Rehabilitation of Offenders Act 1974.