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Senior Credit Risk Analyst

Cardiff

  1. Full time

About the job

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.

#LI-Money #LI-IM1

  1. Full time
  2. Finance Services

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Cardiff

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Our Benefits

Admiral employees work hard to keep us at the top of our industry, and are rewarded for it—with competitive pay, a share package, career growth and development opportunities and some other great benefits, too!

People who like what they do, do it better.

Be You

Financial & Mortgage Advice

Financial & Mortgage
Advice

Ecare

24-Hour
Ecare

Cycle to Work Scheme

Cycle to Work
Scheme

Annual Holiday Allowance

Annual Holiday
Allowance

Flexible Working

Flexible
Working

Simply Health

Simply
Health

Private Health Cover

Private Health
Cover

Critical Illness Cover

Critical Illness
Cover

Grow & Progress

Learning and Development

Learning and
Development

Educational Sponsorship

Educational
Sponsorship

Accredited Qualifications ILM

Accredited
Qualifications ILM

iLearn

iLearn
Online Learning

Buy a Book Scheme

Buy a Book
Scheme

Developmental Coaching

Developmental
Coaching

Port of Calls

Port of
Calls

Internal Mobility

Internal
Mobility

Make a Difference

Groups & Societies

Groups and
Societies

Socials & Team Days Out

Socials and Team
Days Out

Multi Faith / Quiet Rooms

Multi Faith / Quiet
Rooms

Admiral Community Fund

Admiral Community
Fund

Give as You Earn

Give as You
Earn

Awards & Star Lunches

Awards and Star
Lunches

Corporate Social Responsibility

Corporate Social
Responsibility

Impact Hours

Impact
Hours

Share In Our Future

Share Schemes

Share
Schemes

Refer a Friend Bonus

Refer a Friend
Bonus

Colleague and Family Discount

Colleague and Family
Insurance Discount

Group Life Assurance

Group Life
Assurance

Pension

Pension
Scheme

Life Event Loan

Life Event
Loan

Tickets to Sponsored Events

Tickets to Sponsored
Events

Tusker

Tusker Salary
Sacrifice

Click here to download our full benefits brochure