Senior Data Scientist - IFRS / Credit Risk Modelling, NewDay

Permanent

£50-85k

Senior level

London

2-3 days a week in office (London - Kings Cross / St Pancras)

Providing responsible access to digital consumer credit

Job no longer available

Providing responsible access to digital consumer credit

1001+ employees

FintechCredit ScoringB2BPersonal financePaymentsLendingCredit cardsFinancial ServicesAPID2C

Job no longer available

£50-85k

Senior level

London

2-3 days a week in office (London - Kings Cross / St Pancras)

1001+ employees

FintechCredit ScoringB2BPersonal financePaymentsLendingCredit cardsFinancial ServicesAPID2C

Company mission

NewDay's business is focused on helping people move forward with credit. They do this through their proprietary credit decisioning capability, best-in-class customer service, and exceptional user experience.

Job

Company

Role

Who you are

Proficiency in statistical data modelling techniques
Proficiency with open source analytic coding in Python
Experience with statistics/machine learning packages such as scikit-learn, pandas, numpy, etc
Good SQL/data manipulation skills required including cleaning and managing data
Experience in data visualisation and communication
Experience with working with raw datasets and perform data wrangling pre-modelling
Hands on Experience creating and implementing Impairment Models (LGD / PD / EAD)

Desirable

MSc or PhD in Data Science related field (e.g. Machine Learning, Statistics, Mathematics)
Experience within a regulated financial services organization
Ability to present sophisticated findings clearly, adapting the level of detail to the audience
Experience in supporting model deployment and working with DevOps/Implementation teams

What the job involves

The Data Science team is at the heart of NewDay, solving real world problems and providing transformational value for the business
Through our proprietary platforms and analytical assets, we provide infrastructure, data and insights to our business partners
Through our strong credit data science models and reporting capabilities, we support responsible lending and a top-notch credit journey for our customers

Salary benchmarks

Our take

NewDay plays an important role in the financial lives of over 5 million people in the United Kingdom. As the UK's fifth largest card issuer it provides a white label credit solution to some of Britain's largest brands, including John Lewis and Argos. It also offers credit directly to consumers under its own Newpay Buy Now, Pay Later (BNPL), Aqua credit card and Bip digital brands.

A tech-first company, NewDay leverages over 1 trillion customer data points and insights to responsibly offer credit to customers. This has given it a powerful edge against legacy issuers who rely on slower and less accurate credit bureau reports. This performance has led to it winning business away from its less agile rivals, such as the John Lewis Partnership Card contract where NewDay replaced HSBC.

Following on from its success in recent years it is focusing on further improving its product, forming a partnership with Checkout.com to process the £6 billion in payments its customers make each year. This will allow NewDay's infrastructure to scale along with the company's continued growth: something that's sure to be needed as Britain's largest brands continue to turn to NewDay to manage their credit offerings.

Freddie

Company Specialist at Welcome to the Jungle

Insights

7% employee growth in 12 months

Glassdoor (3.9)

Trustpilot (3.7)

Company

Company benefits

Health insurance and Dental Plan
Pension - double matched, with up to 14% from NewDay
Enhanced Family Leave - 26 weeks
26 Days holiday & option to buy
Annual bonus
Life Assurance
Employee Assistance Programme
Free Breakfast, Lunch, Coffee Bar, and Social Events
Season Ticket Loan
Free food boxes to go, if you're on the move or fasting
Flu Vaccinations
Health Tracking Booths
Free access to the Calm app for you and your family
Smart spending app discounts - save at over 750 retailers
Cycle to Work Scheme
Green Car Scheme
Give as you Earn Scheme
LinkedIn Learning

Company HQ

London, UK

Leadership

Paul Sheriff

(CFO, not founder)

CFO for NewDay since 2016. Previously Chief Financial Officer/Chief Operating Officer for Legatum in Dubai, and CFO/COO for Record plc.

John Hourican

(CEO, not founder)

Irish banker and businessman, CEO of NewDay since September 2019. Formerly CEO of the Bank of Cyprus from 2013 to 2019.

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