Senior Credit Risk Analyst

Job Title: Senior Credit Risk Analyst 
Working Pattern: Monday to Friday, 09.00 - 17.00, 36.25 hours per week 
Salary: Up to £65k and up to 20% bonus and benefits 
Location: Hybrid work from our London office in Holborn 

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

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. 

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.  

Your team: Collaborators in change  

The Risk Measurement team sits within Credit Risk and ultimately the Risk & Compliance function (2nd line of defence). The Risk Measurement team is responsible for developing and maintaining Tandem’s impairment models, i.e., stress testing / forecasting, Credit Risk ICAAP Pillar 2A/2B models.  This team is also responsible for producing the monthly impairment figures.

Your Impact: Building a greener tomorrow  

As a Senior Credit Risk Analyst at Tandem your focus will be to support the Risk Measurement team to enhance credit risk models including ICAAP stress testing models (Pillar 2A and Pillar 2B), impairment actuals and impairment forecasting models. This will include

• Leading the monthly impairment actuals calculations, including supporting MI to explain any variances to plan
• Support the development of impairment actuals reporting model to ensure it meets best practice, policies and standards as appropriate.
• Build out internal impairment related MI and support ad-hoc deep-dive analyses and requests from internal and external stakeholders.
• Work with Data team to ensure delivery of Risk Measurement data requirements (for MI, credit risk models etc.).
• Maintain the existing Pillar 2A and Pillar 2B stress test models, and support on enhancement work to these models, including working with internal (Product team) and external (Bureau) dependencies.
• Develop effective relationships with internal stakeholders - includes Product, Operations, Finance and Compliance.
• Work with external stakeholders including 3rd party consultancies and Bureau to ensure availability of appropriate data to deliver Risk Measurement team goals.
• Adapt communication style and approaches to articulate findings, business impacts and recommendations confidently and effectively. 
• Share best practices with Risk Measurement team and with wider Credit Risk team, with particular focus market leading practices on credit risk analytics, impairment, stress testing and insight reporting.

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

• Education: Bachelor’s degree in maths / stats, finance, business, economics, or other quantitative related field.
• Knowledge: a good knowledge of consumer credit risk management.
• Knowledge: good understanding of mortgage, personal loans and motor finance products.
• Experience of building scorecards, IFRS9 modelling and Stress Testing.
• Computer skills: Proficiency in Microsoft Office, excellent programming skills (SAS, SQL, Excel), with working knowledge of R or Python.
• Time management skills: good time management skills, the ability to effectively prioritize tasks, maintain timelines and manage/plan workloads effectively.
• Good communication skills, both written and verbal with experience of tailoring communication for different audiences.
• Analytical mindset with the ability to use data to drive decision-making.
• Proactive and innovative approach to problem-solving.

It would be great, but not essential if you have: 

• Previous experience of working in Fintech environment. 
• Banking experience, with most of it being in the credit risk management domain. 
• Good understanding of credit risk management principles on mortgages, personal loans, motor finance. 
• Advanced working knowledge of R/Python  

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.  

Don’t meet all the requirements? Don’t fret! We highly appreciate your unique experience and encourage you to apply for our Expression of interest vacancy on our Careers site. 

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.