Risk Analyst

British Business Bank plc; London; On-site; GBP 26,000 - 36,000; Full time

Job description

Risk Analyst

Application Deadline: 17 April 2025

Department: Risk

Employment Type: Permanent

Location: London

Compensation: £26,250 - £35,438 / year

Description

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 your 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 as a prerequisite for this role, with a willingness to develop these skills further. Knowledge of other coding languages would be beneficial.

You should have a 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. Familiarity with 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 is essential.

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 should also possess technical skills in Excel and PowerPoint, with PowerBI being beneficial, and have an interest in the SME finance marketplace with an eagerness to learn more about the sector.

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