Senior Credit Risk Analyst

Senior Credit Risk Analyst

Admiral Money is expanding, and an exciting opportunity has arisen for a Senior Credit Risk Analyst to join our dynamic team.

About Admiral Money

Admiral Money is the exciting lending division of Admiral Group.

Launching unsecured personal loans in June 2017, we have gone from strength to strength with two other product lines launched in more recent years – motor finance & second charge mortgages.

We’re looking for people who are keen to learn, excited about getting stuck in and are ready for a challenge to help us to achieve our aim of creating a special lending business for our customers.

About the role

This role sits within our Financial & Credit Risk function. As a Senior Credit Risk Analyst, you will be central to ensuring the robustness of our loss forecasting and adherence to accounting standards across our three product lines (Unsecured Loans, Motor Finance, and Mortgages).

You will be a key part of the team responsible for:

• Developing, maintaining, and enhancing impairment models in line with IFRS 9 requirements.
• Calculating and reporting Expected Credit Losses (ECL) for our diverse lending portfolios.
• Conducting deep-dive analysis into impairment drivers, portfolio trends, and model performance.
• Performing stress testing and scenario analysis on the impairment charge and provisions.
• Collaborating closely with Credit Risk, Finance, and Data teams to ensure accuracy and consistency in data and assumptions.
• Preparing and presenting impairment results, insights, and recommendations to senior management and relevant committees.
• Supporting the business in understanding the impact of impairment on product pricing and strategy
• Ensuring robust documentation and governance around impairment methodologies and processes.
• Staying abreast of regulatory changes related to IFRS 9 and impairment and implementing necessary adjustments.

What makes this opportunity unique:

• Multi-product Impact: Develop and apply your impairment expertise across three distinct lending sectors.
• Strategic Influence: Your work will directly inform financial reporting, risk appetite, and strategic business decisions.
• Collaborative Environment: Work closely with diverse teams, including credit risk, finance, and data science, fostering a holistic understanding of the business.

We're a forward-thinking lender where robust financial control and accurate provisioning are paramount. If you're passionate about applying your analytical skills to complex financial modelling and making a tangible impact on business performance, this role offers an exciting platform to advance your impairment career.

Your expertise will help ensure our financial reporting is accurate and our business remains resilient and well-provisioned across multiple product lines.

Please note: this is a hybrid role based in Cardiff. You will be required to work onsite at least once a week, ideally twice.

Requirements:

• Experience in an impairment, provisioning, or credit risk modelling role within consumer lending.
• Experience with statistical software (e.g., SAS, Python, R) for modelling or data analysis.
• Strong understanding of IFRS 9 principles and Expected Credit Loss (ECL) modelling techniques.
• Strong analytical and problem-solving skills with the ability to interpret complex data and provide actionable insights.
• Strong communication and stakeholder management skills, with the ability to explain complex concepts to non-technical audiences.

Desirable:

• Experience of developing an/or maintaining motor finance impairment models.
• Experience of developing an/or maintaining mortgage finance impairment models.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

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