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OneSavings Bank PLC Model Development Analyst in London, United Kingdom

We are looking for Model Development Analyst to join the Models & Ratings department within Risk. The Models & Ratings department supports the Bank by developing and maintaining statistical risk models which primarily determine likelihood and severity of potential losses on the mortgage book. The team is the owner of IFRS 9 and IRB compliant models.

This role is based in our new London office in Whitfield Street.

OSB Group is a leading specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market. Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

In this role, you will have the opportunity to provide analytics, model development and reporting duties for the Models and Ratings team.

Your responsibilities will include…

  • Supporting the implementation of customer life cycle models in addition to Basel and PRA compliant IRB models and IFRS 9 models

  • Assisting in the organisation in obtaining and maintaining its IRB status and maintain IFRS9 compliance

  • Providing recommendations on research and analysis to the Model Manager and the Head of Models and Ratings

  • Recommending new model development approaches and perform the development of new models as appropriate

  • Undertaking the ongoing IRB and IFRS9 ongoing model validation, improvement and maintenance

We offer a base salary dependent on experience of between £40,000 - £45,000 and a competitive benefits package including:

  • Discretionary annual bonus opportunity of up to 15%

  • 28 days annual leave plus bank holidays

  • Contributory pension (8% employer 5% employee)

  • Life Assurance (4x salary) plus Group Income Protection

  • Access to Private Medical Insurance and Medical Cash Plan

  • Additional benefits such as, Cycle Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals and Save as you Earn scheme.

We are looking for talented individuals who have the experience/knowledge and qualifications set out below:

  • Previous work experience in a Risk environment within Financial Services

  • Knowledge of model building, quantitative analysis and data manipulation

  • A degree in a quantitative subject (such as Mathematics, Statistics or Physics)

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

If this sounds like you, please send us your CV! For internal applications the closing date is 5th March 2021, please visit the internal careers page to apply.

Alternatively, if you wish to have an informal and confidential chat about this role please contact us on

If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!

As a combined group, we are dedicated to diversity in the workplace and we are committed to a policy of treating all our employees and job applicants equally. No employee or potential employee will receive less favourable treatment because of any protected characteristic. We provide a fully inclusive and accessible recruitment process and pro-actively offer and make reasonable adjustments as and when required.

We recognise that flexible working opportunities can be of benefit to both employees and the organisation, improving work-life balance and enabling the business to attract and retain skilled and valued employees. Please speak to us about how this could work for you.

All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.

Unfortunately, due to the high number of applications currently being received, only shortlisted candidates will be contacted.

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