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Admiral Financial Services Ltd (AFSL) is a growing lending business and is on track to become a strategic pillar within the Admiral Group. We have a vacancy for a Credit Risk Analyst to join the newly formed Portfolio & Financial Risk Team. This is an entry-level role suited to recent graduates or somebody starting their credit risk career. It will involve supporting the Financial Risk Manager in identifying, analysing, and reporting on areas of current and future financial risk exposure, as well as providing oversight and assurance for first-line activities to ensure the business operates within risk appetite. Full training will be provided and you can expect to be involved in the following:
- Credit and pricing strategy oversight
- Model governance and oversight
- Ad hoc analysis into portfolio trends
- Econometric modelling and economic forecasting
The successful candidate will be able to hit the ground running in a fast-moving, innovative, and high-profile environment. An aptitude for numbers and an inquisitive mind are essential requirements. This is a fantastic opportunity to start your career in credit and financial risk.
Responsibilities include
- Identifying, analysing, and reporting on areas of emerging and potential financial risk across the customer lifecycle that could impact current and future AFSL financial positions.
- Supporting the Financial Risk Manager in the coordination and management of our Credit Risk Committee.
- Forecasting future macroeconomic conditions for use in loss provisioning and business planning.
- Supporting the Financial Risk Manager in our monthly provision reporting and periodic stress testing activity.
Required Skills and Experience
- An undergraduate degree in a numerical subject such as Mathematics, Economics, or Finance is essential. A postgraduate degree in Economics would be desirable but is not an essential requirement for this role.
- Experience in extracting, manipulating, and analysing data using either R, Python, SQL, or SAS is desirable. However, full training will be provided.
- Proficient with Excel, Word, and PowerPoint to produce clear documents and analysis, effectively presenting complex information.
- Strong planning/organisation skills with the ability to manage your workload, prioritise competing workloads and support wider projects.
- Good written & verbal communication skills and attention to detail.
Additional Information
We’re a big believer in personal development and preparing you for success in this role as well as your next. We’ll provide a range of on-the-job training as well as other opportunities to learn all the key skills you’ll need.
Due to Covid, the whole Admiral Financial Services is working remotely. We will provide you with everything you need to work comfortably from home. We expect you to be working remotely for the foreseeable future, however, once it is safe to return to the office, we will have days when the whole team comes together to collaborate. You can decide if you want to come to the office between 2-5 days per week.
About AFSL
Admiral Group is a FTSE 100 Financial Services company with a presence in eight countries. The company was set up in 1993 as a car insurance specialist, but since then the Group has expanded in other countries and other insurance verticals such as household and travel insurance, in loans, price comparison platforms, and has developed innovative products.
Admiral Financial Services was formed five years ago and has been an amazing growth story with major ambitions to grow even further. This means we are now looking to enhance all our capabilities, particularly how we leverage data and automation.
The Group has 7 million customers worldwide and employs over 11,000 people across its operations. Admiral is a growth story with an enviable track record of strong financial performances, ROE consistently over 50%, a turnover of £3.5 bn, and a profit before tax of £520 m in 2019.
Admiral’s philosophy is that ‘people who like what they do, do it better’ and Admiral is proud to offer an open culture where achievement is rewarded and recognised and where coming to work is exciting every day. In 2019, Admiral received a special award from ‘Best Companies to Work For’ as the only company to feature within their rankings since they began 20 years ago: a true testament to the Group’s culture.
Benefits and Work-Life Balance
At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're voted no. 1 in the 2019 Sunday Times Best Big Companies to Work For in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.
