Search the hundreds of open roles at our portfolio companies.

Senior Impairment Modelling Analyst



London, UK
Posted on Thursday, March 30, 2023
Our Story
Hello there. We’re Zopa.
We started our journey back in 2005, building the first ever peer-to-peer lending company. Fast forward to 2020 and we launched Zopa Bank. A bank that listens to what our customers don’t like about finance and does the opposite. We’re redefining what it feels like to work in finance. Our vision for a new era of banking puts people front and centre — we’ve built a business that empowers everyone to aim high, every day, to move finance forward. Find out more about our fantastic offerings at!
We’re incredibly proud of our achievements and none of it would be possible without the amazing team here. It’s not just industry awards we’re winning, we’ve also been named in the top three UK’s Most Loved Workplaces.
If you embrace unconventional challenges, are unafraid to think differently and are driven to make an outsized impact, you’ll thrive here at Zopa, so join us, and make it count. Want to see us in action? Follow us on Instagram @zopalife
As a Senior Impairment Modelling Analyst you will be working on a broad range of data and modelling techniques to design, develop and maintain a suite of impairment models for our unsecured instalment loans, credit cards and auto loans portfolios.
You will be responsible for the complete lifecycle of the project, including data processing, feature engineering, model optimisation, deployment and monitoring of suite of impairment models for our unsecured instalment loans, credit cards and auto loans portfolios.
This role sits within our Credit Modelling and Data Science function where you will be working with the other data scientists/analysts developing modelling solutions to inform impairment allocation.

A day in the life:

  • Own the design of modelling solutions (model developments, calibrations, analytics etc.) to high technical standards. Develop innovative approaches to calculate impairment provisions.
  • Own the implementation of new IFRS9 models as well as monitoring and updating existing ones.
  • Designing and maintaining the controls to ensure the accuracy and reliability of our impairment calculation process.
  • Drawing insights from data and explaining the trends in the impairment provisions
  • Supporting the risk oversight team in their work as risk oversight owners for prudential risks
  • Take ownership for the delivery of modelling and analytic projects, ensuring these are completed in line with business requirements.

The ideal candidate will have:

  • At least 2 years of experience developing impairment models
  • Proficiency in SQL
  • Working knowledge of Python
  • Understanding of the PyData stack (e.g.Pandas, Scipy, MatPlotLib, Scikit-learn, Keras)
  • Understanding of statistics (e.g., Monte Carlo, hypothesis testing, confidence intervals, maximum likelihood, bootstrap, Bayesian inference)
  • Understanding of machine learning algorithms: logistic regression, random forest, gradient boosted trees, neural networks, k-means, etc
Flexible working? Yes please!
At Zopa we value flexible ways of working. We understand the benefits of face-to-face collaboration and the importance of a good work life balance. Our teams work in a hybrid manner from our open-plan, riverside London Bridge office and the comfort of their own homes at a frequency that suits the team and the work they do.
Not only that – you'll also have the option of working from abroad for up to 120 days a year!* But no matter where you are, we’ll make sure you’ve got everything you need to thrive, both in your work and home life, from day one.
*Subject to having the right to work in the country of choice
Diversity Statement
Zopa is proud to offer a workplace free from discrimination. Diversity of experience, perspectives, and backgrounds leads to better products for our customers and a unique company culture for our people. We are made up of nearly 50 nationalities, have a DE&I forum made up of Zopians wanting to make a difference and we are proud of our culture where everyone can bring their full self to work. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.