Analyst, Lending Models

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

DEPARTMENT DESCRIPTION

The Modelling team sits within the Credit Portfolio Management (CPM) function and is at the heart of building out measurement and decisioning models for our lending products. The Modelling team builds and owns the bank’s IFRS9 model estate (e.g. PD, LGD, SICR, economic response models), decisioning models for automated underwriting, and some of the credit-linked GenAI models used to automate processes.

This role will be part of the team building, monitoring and optimisation of our IFRS9 models – which are critical to measuring and reporting our credit risk accurately to auditors and investors as well as critical to managing our credit risk to minimise losses.

The role requires the technical ability to build and implement models, from the initial data identification and cleanse processes to final implementation and ongoing monitoring of models. The role requires collaboration with various stakeholders (e.g. Finance, Model Risk, Credit Risk, Capital Markets teams) across the bank with differing technical capabilities, communicating complex concepts simply and be able to work with third party suppliers where required. We are looking for a modeler who can help Allica build these best-in-class risk management and optimisation models that make data a key strength for the bank.

PRINCIPAL ACCOUNTABILITIES

• Supporting the build, implementation, and ongoing refinements of the full suite of impairment accounting models under IFRS9.

• Using automation and build robust controls as key pillars on which we build and deploy models.

• Document models to a high standard and support the independent review process.

• Regular evaluation and ongoing model monitoring.

• Drive data improvement initiatives to support future model development.

• Support ongoing development and optimisation of models as the portfolio grows and more data becomes available to drive improvements in models.

• Liaise with teams like risk, finance, underwriting and collections to continually track model requirements and continuously enhance model performance.

• Complying with all mandatory policies and develop and adhere to operational procedures to maintain a strong internal control environment.

PERSONAL ATTRIBUTES & EXPERIENCE

• You have at least 4 years’ hands-on risk modelling experience.

• ·You have very good knowledge of statistical modelling techniques such as logistic and linear regression as well as machine learning modelling.

• You are comfortable with large data sets, and data extraction and manipulation using Excel, SQL, Python & BI tools.

• You have a proven track record with Python coding, and are comfortable using GenAI tools to increase coding productivity.

• You have a good understanding of IFRS9, credit and lending concepts, preferably in commercial lending.

• You are driven, self-motivated and passionate about building great solutions for the bank.

• You can work independently and are flexible to adapt quickly to changing priorities within a very dynamic environment.

• You work well with stakeholders across the business, and collaboratively within the team.

• You have strong skills in writing technical documents as well as business focussed documents to get buy in from various stakeholders.

• Experience of implementation of models into software applications is highly desirable.

• Prior experience in this area matters for this role. If you believe you are a strong fit for the role, but don’t quite meet one of the requirements above – if you think you can suitably overcome that, then please apply anyway.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.