Job Description
Job Title: Senior Risk Analyst
Department: Risk & Compliance Reporting to: Team Lead, Risk Analytics
Location: Salarpuria Magnificia, Bangalore Version date: 20th Nov, 2024
This role aligns with the Employee/Line Manager version of OSB’s Value Driven Behaviours framework
1. About OneSavings Bank plc
OneSavings Bank plc (OSB) the specialist lending and retail savings group began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015.
The Group, which is headquartered in Chatham, Kent OSB is authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
OSB primarily targets underserved market sub-sectors that offer high growth potential and attractive risk-adjusted returns in which it can take a leading position and where it has established expertise, platforms and capabilities. These include private rented sector Buy-to-Let, commercial and semi-commercial mortgages, residential development finance, bespoke and specialist residential lending and secured funding lines. It is differentiated through its use of high skilled, bespoke underwriting and efficient operating model. OSB lends through the Kent Reliance, InterBay Commercial, Prestige Finance and Heritable Development Finance brands, originating organically through specialist brokers and independent financial advisers.
OSB is predominantly funded by retail savings originated through the long established Kent Reliance and CCFS name, which includes online and postal channels, as well as a network of branches in the South East of England. Diversification of funding is currently provided by participation in the Funding for Lending Scheme and access to a securitisation programme. The majority of the Group’s administrative support functions are performed by its wholly owned OSB India operation, based in Bangalore and Hyderabad, India
2. About OSB India Pvt Ltd
OSB India is an offshore subsidiary of OneSavings Bank Group plc., the UK based Challenger Bank. OSB India was incorporated in 2004 as a key part of the OneSavings Bank business strategy to provide operational service support.
OSB India works with the Bank’s trading brands in the UK, providing exceptional customer support and service delivery to new and existing customers.
OSB India also prides itself for offering operational excellence by devising and utilizing process improvements and functional efficiencies.
3. Job Purpose
The role holder will be responsible for supporting Credit Risk ad hoc analytical requests, made by the UK based risk and compliance functions and wider business stakeholders as required.
The group is currently in the process of enhancing its risk analytics capability and the creation of this new role will facilitate acceleration in the enhancement of insights provided to Senior Management and internal and Board risk committees.
The role holder will also be responsible for periodic 2nd line thematic (deep dive) reviews (e.g. lending exceptions performance analysis), and periodic testing of the quality assurance / controls implemented and executed by the 1st line business functions (i.e. lending underwriting assurance process).
The risk team at OneSavings Bank PLC plays a central role in achieving the Bank’s ambitious growth plans and the successful candidate will have a unique opportunity to liaise with other parts of the Risk and Compliance team and the wider business functions and achieve personal development goals.
4. Core Responsibilities
- Ad hoc risk analysis.
- Thematic risk specific deep dive reviews and controls testing across the business risk functions as required.
- As nominated Risk Champion for your function, work alongside the Risk function in developing and maintaining a risk management agenda, acting both to ensure the necessary levels of transparency for potential risks and promoting a positive culture of awareness and accountability throughout your function
- Maintain the company’s compliance standards and ensure timely completion of all mandatory on-line training modules and attestations
5. Experience Requirements
- 4+ years’ experience of owning and running regular ad hoc risk analysis.
- 4+ years previous experience using SAS, SQL and PowerBI.
- Advanced excel user (i.e. proficient user with respect to Vlookups, VBA, other excel formulas) essential.
- Proficient user of Microsoft PowerPoint, creating presentations for senior management.
- 4+ years’ experience of undertaking a risk related role within a retail consumer finance business is desirable
6. Knowledge Requirements
- Knowledge of risk management within the banking / financial services sector.
7. Required Qualifications/Certifications
- A university degree in a quantitative field (i.e. Engineering or Mathematics) is essential.
8. Responsibilities re Information Security Management System (as per ISO 27001 Certification Requirements)
- Ensure strict adherence to company’s security policies and procedures (for ex: Password policy, clear screen and clear desk policy, etc.)
- Take ownership of all the assets/information assigned and secure it in compliance with ISO 27001 standard implemented in the company.
- Co-operate and co-ordinate for the internal audits conducted in the company (complying to ISO 27001 standard).
- Report to the Incident Response Manager, any incidents you come across in the office with regard to Security threats like threats to physical asset & stored information or any risks detrimental to the Security Policies of the company, etc.,.
- Responsible to supervise in ensuring that all personnel reporting to you shall observe all Security requirements and be appropriately trained in Security.
This job description defines the role as it exists now. It is not meant to represent an exclusive description of the job holder’s responsibilities as these may vary from time to time in line with the needs of the business. The role may change and evolve over time and any changes will be communicated as necessary
