Stress Testing STDF Data Lead Manager

Business Unit:  Group Finance, Stress Testing
Salary range: circa £65,000 – £75,000 DOE+ red-hot benefits
Location:  Remote, UK Flexible
Contract type:  Permanent

Live for the weekday. Live a life more Virgin.

Our Team

The Data Delivery Consolidation team (DDC) are responsible for the preparation, review / challenge and submission of a range of the Stress Testing Data Framework (STDF) templates and Basis of Preparation documents.   This includes the ownership of Net Interest Income and Credit Risk actuals templates, and oversight of other templates (for Actuals and Projections) that are prepared and submitted by SMEs across the bank under the guidance of the DDC team. 

The team are the guardians of the quality of the submission – responsible for the mandatory reconciliation and validation process and ensuring that our additional controls are successfully executed and can be evidenced to Risk/Audit and senior governance.   We’re also the first point of contact for the PRA for STDF data queries and are responsible for setting out and tracking timetables for stress test execution and delivery, running regular working groups, and acting as a central point of contact for questions on interpretations/ instructions for the stress test.

What you’ll be doing

• Making sure stakeholders understand the STDF requirements, interpretations are consistent, and the templates are completed to the required standard.  Being a point of contact for STDF related queries.
• Ensuring the timely and accurate delivery of all STDF template submissions to the PRA.  Some templates are directly owned by the Team so you’ll be required to play an active role in preparing the data and liaising with other parts of the bank.  Other templates, owned by others, are reviewed and challenged by the DCC team to ensure they meet the standards for submission to the PRA.  
• Executing our suite of data controls to ensure that the submissions meet regulatory expectations.  This includes running our automated validation and reconciliation tool, working with others to understand all reconciling items / validation overrides and then justifying them to senior management for sign off prior to submission.  It also includes running our suite of additional non-mandatory reconciliation checks and trend/outlier analysis. 
• Leading and managing the process for stakeholder approval of templates, including responding to queries from stakeholders including 1^st & 2^nd line of defence colleagues involved in the internal review process.
• Analysing the data submissions – ensuring reconciliations pass to understand what the data is telling us, identifying trends, and arrears for potential focus. 
• Investigating and responding to queries from the PRA on the data submissions.
• Own the annual review of our STDF exemptions and manual interpretations, ensuring they’re completed to the requisite standard.  This includes leading the review and implementation of any templates as part of the PRA’s three yearly STDF review.
• Working with the technology team to maintain our automated solution for Credit Risk Actuals and identify further opportunities for automation of other templates and associated controls.  This involves identifying process weaknesses and limitations, working with stakeholders to document requirements and liaising with technology teams to oversee the development of automated solutions for reporting.  This may also involve some performing testing (primarily user acceptance testing) on any output.We need you to have

• Significant experience of regulatory reporting spanning any of the following STDF/FINREP/COREP within Financial Services. 
• A proven strong quantitative background, with outstanding Excel skills.
• A head for numbers and data as you solve complex problems with a beady eye for detail.
• Proficient in communicating complex instructions clearly, particularly to colleagues with varying levels of technical knowledge.
• First class organisation skills with the ability to create plans, track activity, using judgment to escalate issues as required to ensure timelines are met. 
• Experience of building strong relationships and fostering teamwork as you collaborate with colleagues across Finance, Risk, Treasury, Commercial and Technology.

It’s a bonus if you have but not essential

• A degree in a data orientated field such as STEM
• Competency in a programming language (ideally R or SAS)
• Experience in dealing with the Prudential Regulation Authority.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more
• Up to five extra paid well-being days per year​ 
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt 
• Market-leading pension
• Free private medical cover, income protection and life assurance
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness 
• Ability to work anywhere in the UK​ (where the role allows) 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with.  We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money’, underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks.