Data Scientist (Internal Audit)

Company Description

Shawbrook is a specialized bank motivated by a mission to spark ingenuity and to create opportunities every day.    

We provide a diverse range of savings loan products. This includes personal and business savings accounts, loans for weddings and new cars, intricate financial credit facilities for businesses in need of significant investments and mortgages for landlords with multiple properties - no two customers are ever the same. 

We offer our customers the best of both worlds; we uniquely combine robust digital capabilities with human expertise and ingenuity to provide the best outcomes. We take on complex cases and unconventional circumstances, and we excel at making things happen. Through being creative, practical, and personal, we know we can always find the right solution for our customers.

If you are ready to give your all, contribute innovative ideas, and believe in endless possibilities, you are right for us.

Work with us because you:

• Aim to be part of a bank built for the dynamics of the contemporary world
• Thrive in a challenge and enjoy a fast-paced, inventive and hardworking culture
• Take pleasure in discovering new and improved ways to solve complexities and actuate progress
• Desire to be part of a diverse culture that supports minority and underrepresented groups
• Care about society and the environment and wish to be part of a business that shares these values
• Aspire to continue growing professionally and to be the best version of yourself

Job Description

PURPOSE AND SCOPE OF THE JOB

Shawbrook is driven by a mission to solve intricate problems that pave the way for opportunities for its rapidly expanding customer base. In Group Internal Audit, we deeply care about Shawbrook’s success, and we strive to deliver excellently for our customers and colleagues.

We aim to redefine the boundaries of internal auditing. Our strategy is to continue building a future-fit internal audit function. We have established a stable and focused internal audit team that maintains meaningful relationships with the business. We deploy highly specialized expertise from our co-source partners when required.

We are auditing differently. We are open-minded and innovative about our approach, developing impactful work methods. We are motivated by the need to contribute to Shawbrook's success by sparking ingenuity to create opportunities every day.

We are seeking a forward-thinking Data Scientist to join our dynamic internal audit team. This role is ideal for a professional who not only excels at analyzing data but also at crafting innovative solutions using Machine Learning, AI, and automation. Your analytical ability will be crucial in handling complex 'exam questions' and providing innovative solutions to emerging challenges. If you are a data enthusiast with a knack for business communication and a passion for nurturing team capabilities, we invite you to join us on this transformative journey.

KEY ROLE RESPONSIBILITIES

1. You will implement our existing analytics strategy (where we are now), support and work towards our future state vision which can effectively meet the needs of the function (where we need to be) and deliver on our roadmap (how do we get there).
2. Collaborate with the internal audit team to identify and define 'exam questions' and the pertinent problems that we aim to assure.
3. You will be responsible for the development of analytics throughout the internal audit lifecycle, including risk assessment, audit planning, fieldwork, reporting, and ongoing monitoring. You will support the function to provide greater assurance and insight through data analytics and increase data literacy among colleagues.
4. Develop and implement machine learning models and AI algorithms to analyze both core and non-core business data.
5. Engage in descriptive, diagnostic, predictive, and prescriptive data analytics, translating complex scenarios into actionable insights.
6. Lead the automation of data analysis processes to enhance efficiency and accuracy.
7. Foster a culture of innovation within the team, promoting the adoption of cutting-edge data analysis techniques.
8. Effectively communicate data-driven insights in business terms, enabling informed decision-making.
9. Empower team members by enhancing their data literacy and analytical capabilities through workshops and training sessions.
10. Act as a liaison between the internal audit team and cross-functional teams to foster collaborative problem-solving.
11. Suggest innovative ideas to improve analytics systems and processes within the team and encourage a data-literate and best practice mindset for all team members.

Qualifications

EDUCATION / EXPERIENCE

The successful candidate may come from diverse backgrounds:

1. A forward-thinking IT or risk professional from any industry. Established and proven quantitative analytical skills within analytics functions within financial services would be an advantage.
2. Demonstrable experience in data analytics, with a portfolio showing innovative use of Machine Learning, AI, and automation in business contexts.
3. Well-developed analytical skills with the ability to dissect complex data and distill it into straightforward, actionable insights.
4. Ability to present findings and analysis in a structured and well-thought-out way, particularly when addressing a non-expert audience.
5. Understanding of modern approaches such as Agile (outside of IT) to deliver internal auditing more efficiently and to add value to the organization quickly.
6. Team working abilities and the capacity to build individual, team and stakeholder relationships.
7. A creative and innovative mindset, open to exploring novel approaches to problem-solving.
8. Experience in facilitating workshops and training sessions to enhance team capabilities.
9. Bachelor's degree in Data Science, Computer Science, Statistics, or a related field. Advanced degrees are a plus.

In general, the candidate who will thrive in this role at Shawbrook will be open-minded, eager to learn, challenge and be challenged, flexible in their approach, and motivated to grow and develop.

Interpersonal

• Self-starter with a passion for data
• A growth mindset, open to learning and adapting in a constantly evolving field.
• Collaborative spirit, capable of working harmoniously with diverse teams.
• A visionary thinker, capable of foreseeing the potential impact of emerging data trends on internal audit processes.
• Strong stakeholder management skills with outstanding verbal and written communication abilities
• Capable of taking calculated risks, trying different things, and using data to generate better answers
• Proactive, self-motivated, capable of working independently and assuming responsibilities

Additional Information

Reward

Your Wellbeing - We take your health and well-being seriously by offering a range of benefits that provide peace of mind for you and your family. These include:

• Market-leading family-friendly policies such as access to our Maternity, Adoption, and Paternity policies from day 1 of your employment
• Free access to Headspace, a mindfulness & meditation digital health app
• Free access to Peppy digital health app that offers personalized support through fertility treatment, becoming a parent or menopause
• Employee Assistance Programme (EAP) - Offering you support on various topics, including financial concerns, mental wellbeing, and general queries about family, work, housing, and health
• Cycle to work scheme
• Discounts on gym membership
• Contributory pension scheme & death in service benefit

Your Lifestyle - It’s important that you strike the right balance between your work and personal life. We offer benefits to support you while at work and during your leisure time:

• Minimum of 27 days holiday per year
• Option to buy or sell holiday days through our flexi-holiday scheme
• Discounts on gym membership nationwide
• Access to discounts on a range of high-street and online brands
• Community support and charitable giving

Your Contribution - We are focused on rewarding those who go the extra mile in helping us achieve our goals.

• Participation in our annual discretionary bonus scheme designed to reward your contribution to our success
• Proudly Shawbrook recognition scheme designed to recognize our role models and thank our colleagues for a job well done

Banding

This role is classified as an SB3 within the internal Shawbrook banding structure.