We are looking for a Senior Credit Risk Analyst, specialising in provision adequacy assessments, to join our small team in central London. This is a key role within the portfolio credit risk team reporting directly to the senior manager of the group’s credit risk stress testing activities. Liaising with senior stakeholders in Models and Ratings, you will be expected to provide an independent assessment of the modelled credit losses through the identification of new and emerging risks, and subsequent development of analysis to determine their potential impacts on the bank’s impairment and profitability expectations.

As a Senior Credit Risk Analyst, you will be responsible for the development, implementation, and ongoing management of the Group's provision adequacy framework and portfolio sensitivity assessments.

Your responsibilities will include:

• Develop and enhance the existing framework to undertake independent, top-down reviews of provision adequacy - analysing the effectiveness of the group’s IFRS9 approach to fully capture the risks across the various business segments.
• Leading the independent assessment of the bank’s expected credit losses (ECL) by identifying and incorporating a wide array of external factors and providing insightful analysis to support strategic decision-making in order for the group to hit its financial targets.
• Conduct horizon scanning of portfolio specific or broader macro-economic factors to identify new or emerging risks not included in the current IFRS9 engine that could impact the profitability and/or sustainability of the group.
• As a member of the stress testing team, support colleagues undertaking regular and ad-hoc stress testing activity – incorporating learnings from provisions adequacy assessments into stressed scenarios where appropriate.
• Liaise and provide expert Credit Risk insights and analytical expertise to other areas of the business such as finance or solvency risk.

This Senior Credit Risk Analyst position is being offered on permanent basis and salary being offered is £60,000 - £70,000

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB:

https://www.osb.co.uk/careers/overview

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

OSB Group is a specialist mortgage lender and retail savings bank. Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment!

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

• 3+ years’ experience working in a Consumer Finance / Retail Banking Credit Risk function using standard mathematical and statistical techniques using SAS
• Credit Risk experience relating to Capital and Impairment requirements (including IFRS9 principles) or Stress Testing is desirable
• Specialist knowledge of Credit Risk fundamentals at all stages of the Credit Risk Lifecycle
• Strong ability to engage with stakeholders at all levels is essential

Interested? Apply now! Still considering? Hear from our team or learn more about our recruitment process: OSB Careers

We believe in a personalised and inclusive approach, ensuring the process is relevant and conversational. If you need any adjustments or support, we’re here to make sure you can show your best self.

Diversity, Equity & Inclusion

Not sure if you meet all the criteria? Let us decide. Studies show that candidates from underrepresented backgrounds often feel they need to meet 100% of the criteria before applying. At OSB, we value the unique perspectives and experiences that diversity brings. We’re committed to creating an inclusive space where everyone feels empowered to apply – even if you don’t check every box.

We actively promote diversity at all levels, with Board-level Diversity Champions monitoring our progress. We’re proud to be signatories of the Women in Finance Charter, supporting the

INDHP