West Bromwich
DescriptionThe Risk Modeller role sits in the Asset Risk Function, which has the responsibility for forecasting Motability Operation's key financial risks, including Residual Value and SMR, Insurance Lease Pricing, Economic Capital, as well as producing the customer pricing. This role sits in the Asset Risk Modelling Team, operating in a matrix management operation, responsible for operating a strong model risk management framework that ensures models are a trusted asset, and ensuring the forecast models are robustly implemented, operated, enhanced and developed in conjunction with joint ownership for the outcomes and outputs with business SME's.Reporting into the Asset Risk Modelling Manager, the role has the following key responsibilitiesYou will operationalise the model risk management framework in Asset Risk, ensuring model health, reporting, processing, auditing and reporting requirements are met and ensure risks and issues are flagged and solutions sought and deliveredYou will use critical thinking during the accurate and timely operational update and delivery of the critical BAU requirements for Asset Risk models associated with residual value forecasting, maintenance spend, insurance, customer pricing, and economic capitalYou will confidently operate and explain the various model process updates related to data, modelling assumptions, modelling techniques, business forecasts and policy assessments, etc, to ensure a comprehensive understanding of your work and the model outcomes across a variety of stakeholdersYou will have an effective understanding of the model components - design principles, use of data, assumptions, applied statistical and modelling techniques - for the models, delivering challenge and communication required to close the gap between the models and Asset Risk deliverablesYou will support the Modelling Lead and Senior Risk Modeller with the critical thinking and activity required to deliver the strategic projects from the Modelling team, ensuring your activity aligns with the wider business SME'sYou will always ensure that the models and their outcomes are jointly owned with the modelling teams and business area owners, ensuring the models and messaging meet the needs of the business and are not seen as theoretical 'black boxes'You will understand the tools and systems used to deliver all model activities, including the DSML tools (AWS Sagemaker),Snowflake and collaborate and advocate for the right approach as the needs of the business and technology evolvesYou will work in collaborative relationships to ensure the Modelling Team deliverables (BAU and strategic projects) are effectively managed and delivered in line with a matrix way of working approach across the Asset Risk Operational Teams and fellow Asset Risk output ownersYou will be an advocate for Asset Risk, and work with colleagues around the business to promote best practices and skills & knowledge sharing.You will support the deliver of wider Asset Risk deliverables outside of the Modelling Team on an ad hoc basisYou will support the coaching of colleagues in Asset Risk and the wider business, promote best practice, skills and knowledge sharingDevelop collaborative and enduring relationships with the Asset Risk and wider business stakeholders and colleaguesQualificationsPlanning: Ability to coordinate multiple stakeholders, colleagues and deadlinesModelling: Ability to understand, operate, and explain complex modelsAccuracy & attention to detail: Ensuring accuracy in models and forecasts.Problem solving skills: Ability to develop solutions for complex financial problems.Communication skills: Can explain technical concepts to non-technical stakeholders.Commercial awareness: Can understand the business environment, market trends, and the financial impact of decisions to align models with the organisation's strategic goals.Minimum criteriaYou'll need all of these.A degree in Statistics, Mathematics, Economics, Data Science, or a related fieldExperience in forecasting, data analysis, or a related fieldExperience with statistical software (e.g., R, Python, SAS) and forecasting toolsExperience working on projects and modelling BAUDesirable criteriaExperience in the specific industry relevant to the forecasting role (e.g., finance, retail, manufacturing) is highly valuableExperience with advanced analytical techniques, including machine learning and predictive modellingBenefitsMotability Operations is a unique organisation, virtually one of a kind. We combine a strong sense of purpose with a real commercial edge to ensure we provide the best possible worry-free mobility solutions to over 800,000 customers and their families across the UK. Customers exchange their higher rate mobility allowance to lease a range of affordable vehicles (cars, wheelchair accessible vehicles, scooters, and powered wheelchairs) with insurance, maintenance and breakdown assistance included. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and work with a network of around 5,000 car dealers and all the major manufacturers. We pride ourselves on delivering outstanding customer service, achieving an independently verified customer satisfaction rating of 9.8 out of 10.Our values are at the heart of everything we do. They represent ambition, and we look for our people to live and breathe them every day:We find solutionsWe drive changeWe careWe operate hybrid working across the organisation where we split our time between working on-site at our offices, and at home, remotely within the UK. We believe hybrid working achieves a good work/life balance for our colleagues, allowing us to connect with each other, collaborate on important work, and perform together to deliver for our customers. It allows us to have the flexibility to work remotely up to 2-days per week whilst also using the great office spaces we have available.As a Motability Operations team member, the benefits you can expect are:Competitive reward package including an annual discretionary bonus15% non-contributory pension (9% non-contributory pension during probation period)28 days annual leave with option to purchase and sell daysFree fresh fruit and snacks in the office1 day for volunteeringFunded Private Medical Insurance coverElectric/Hybrid Car Salary Sacrifice Scheme and Cycle to Work SchemeLife assurance at 4 times your basic salary to give you a peace of mind that your loved ones will receive some financial helpFunded health screening for over 50sVoluntary benefits: charitable giving, critical illness insurance, dental insurance, health and cancer screenings for you and your partner, discounted gym memberships and season ticket loansEmployee Discount Scheme with an app to save on the goFree access to healthcare apps such as Peppy, Unmind, Aviva Digital GP and volunteering app on Hand for all employeesGenerous family leave policiesAt Motability Operations, we believe in building a diverse workforce, where our people are empowered to attend work as their true selves, and we encourage people from all backgrounds to apply. We want to sustain a culture that nurtures, where employees are free to flourish and where they're rewarded equally, regardless of race, nationality or ethnic origin, sexual orientation, age, disability, or gender.We pride ourselves on being an inclusive employer and as such, all our offices provide first rate disability access. With our hybrid working environment, we do our best to accommodate part-time and flexible working requests where possible, building on our culture of trust, empowerment, and flexibility.TPBN1_UKTJ