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Graduates: Risk (Closed)

Overview »

If you’re the kind of person who isn’t afraid to put themselves out there, then you’re the kind of person we’re looking for. Risk management, the careful consideration of risk versus reward – is at the heart of banking.

The programme usually runs across four rotations in different risk departments, where you will build the solid foundation and breadth of experience that’s necessary to become a knowledgeable and highly credible risk professional. We want you to be exceptional – to surprise yourself. That’s why we’ll support you with a development plan that’s tailored to your needs, and then track your progress through regular one-to-one meetings. Every six months, we’ll assess your performance, give you a formal rating and, if we think you’re ready, give you greater responsibilities.

Location »

The locations vary and usually involve rotations anywhere in the UK including Milton Keynes, London and Glasgow. You will need to be fully mobile during the two year programme while you rotate around the various risk teams to increase your knowledge.

What we look for in you »

We welcome applicants from all degree disciplines but whatever your degree subject, you will need to have strong analytical and numerical skills and the energy and determination to succeed in our progressive organisation. You will also need to be an excellent communicator and be able to work both on your own initiative and in a team. A positive approach and a desire for self-development are also vital.

To be considered here, you’ll need to have – or expect to gain – 280 UCAS points (or equivalent) and a 2 :1 degree (or equivalent). Your pre-university academic achievements will show you are both highly numerate and literate and ideally, you will be able to demonstrate high achievement across a broad range of subjects. You will also have exceptional numerical reasoning skills and the ability to communicate complex analysis to a non-technical audience.

Details »

You’ll join us as a Risk Analyst and be part of a team that leads the bank in developing and defining sustainable risk strategies in a range of departments, including :

  • Retail Credit Risk
  • Wholesale Risk
  • Corporate and Commercial Risk
  • Risk Methodology
  • Capital and Basel
  • Solvency Risk
  • Risk Oversight

In the early days, we’ll assign you a mentor to guide you. You can also expect a formal induction, alongside both external and on-the-job training to bring you rapidly up to speed.

Skills you can expect to develop include model building, using linear and logistic regression, programming using SAS and VBA, and softer skills through presentations and problem solving.

There is a variety of teams within credit risk of which you could be part :

  • Application Fraud – Develop and deploy strategies to prevent fraudulent applications, minimising Santander UK exposure to fraud losses
  • Basel – Build and maintain Basel II-compliant models to guard against capital inadequacy
  • Customer Decisioning – Set the strategy for customer retention, cross sales and pricing optimisation
  • Provisioning and Forecasting – Link economics to portfolio losses to forecast the required loss budget over the next three years, ensuring Santander is carrying enough provisions
  • Scorecard Development – Join the sole provider for management and development of the retail credit risk scorecards for the Santander Group
  • Secured and Unsecured Portfolio Management – Set the lending policy to manage the risk, profitability and stability of a retail portfolio through the economic cycle.

Please note that the programme format may change dependent upon business needs.