Join us in Edinburgh as a Junior Model Developer building quantitative models
You'll create regression-based statistical models that cover a vast proportion of the bank's balance sheet and income and expenses streams, and you'll deliver approved and validated models into the forecasting processes
You'll be perfectly positioned to enhance your skills in the business application of econometric modelling
This role will open the door to progression opportunities that may lead towards Model Developer then Senior Model Developer positions
What you'll do
You'll support with the development of regression-based statistical models covering the bank's balance sheet, customer rates, non-interest income and non-interest expenses. This will involve working with numerous stakeholders across all RBS businesses with relationships covering the owners and providers of data, Expert Panel members, Model Risk and Model Implementers.
Day-to-day your role will involve:
Gathering time series data and making appropriate model design choices
Analysing data for time series properties and creating appropriate lags and transformations of the variables
Creating candidate models
Performing detailed model diagnostics and sensitivities, and compare in-sample and out-of-time model predictions
Selecting the final model option and developing detailed model documentation
Submitting the documentation to Model Risk and supporting Model Risk throughout the model validation phase
The skills you'll need
We're looking for someone with a basic knowledge and understanding of data systems - ideally those used by the bank.
You'll also bring:
The ability to use business intelligence reporting tools to extract historical data from the data systems, including SQL queries
An econometric education background and, ideally, some experience in the banking industry
You don't need expertise in econometric modelling as we provide on-the-job training and have knowledge sharing systems with the rest of the team.
How we'll reward you
In return, we offer a competitive salary plus 30% cash and benefit funding programme that can be tailored to suit your individual needs. In addition, we provide a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your work/life priorities.
Visit our reward and benefits page for more information on the benefit packages we offer.
At RBS, we want everyone to feel welcome, regardless of your background or needs. If you need adjustments making to your working environment, we’ll do everything we can to support you. As part of this commitment, we offer flexible working options for some of our roles - find out more.
As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you’ll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.