Impairment Model Manager

At Vanquis, we have a simple purpose: to deliver caring banking so our customers can make the most of life’s opportunities. Established in 1880, we’re now a FTSE All Share company and leading specialist bank. We lend responsibly, providing tailored products and services to over 1.7 million UK customers. We see ourselves as the bank that’s got your back.

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To develop, maintain and strengthen our IFRS9 Provisioning Models. The role will involve complex modelling to develop, monitor and take full ownership of the bank’s provisioning models under IFRS 9.

There is an overarching responsibility to understand and evaluate impairment impacts as the Bank grows and launches new products and services. The individual will need to be capable of taking a more holistic view of the interaction of the model with the business to identify periods when business changes, or short‑term fluctuations, may be leading to variances, and suggesting appropriate adjustments to the models.

• Develop, monitor and calibrate the Bank’s provisioning models.
• In conjunction with the decision science, data & analytics teams, plus any relevant third‑party providers, lead the remediation actions raised by 2nd line Model Risk team (MRO) validation, along with initiating relevant model recalibrations and enhancements.
• Lead the impairment model monitoring, working with Credit Risk and Data/Analytics team.
• Ensure relevant governance and controls are followed with regards to the impairment process and any enhancements.
• Work with the wider Impairment team to maintain and enhance segmentation, reporting, controls, monitoring, governance, and robust procedural documentation for internal and external stakeholders.
• Perform ad‑hoc analyses as required and provide recommendations and solutions based on analysis.
• Working with the wider treasury and finance teams ensure internal and external audit points are addressed and closed in a timely manner.
• There is an overarching responsibility to understand and evaluate impairments impacts as the bank grows and launches new products and services.
• Champion a culture of collaboration and continuous improvement.
• Inspire and engage colleagues by clearly communicating objectives and aligning goals with broader strategic priorities.
• Encourage technical excellence and capability development within the impairment modelling team.
• Actively support talent development by identifying skill gaps and mentoring junior team members.
• Promote innovation and best practices in modelling, governance, and risk management to enhance decision‑making and operational resilience.

• Extensive practical experience in designing, building and calibrating impairment models, ensuring robustness and compliance with IFRS 9 standards, and delivering innovative solutions to complex modelling challenges.
• Strong technical expertise in SAS, Python, and…