Senior Credit Risk Analyst

At Principality, we want you to feel welcome from the moment you join us. You’ll be part of a friendly, supportive culture where people are encouraged to be themselves, do meaningful work and feel connected to our purpose, our customers and the communities we serve.

📍Cardiff | 🏢Hybrid | ⏰35 hours per week | 💷 £55,000-65,000 DOE

We have an exciting opportunity for a Senior Credit Risk Analyst to join us on a permanent contract.

In this role, you’ll support the development and ongoing maintenance of the Society’s Internal Ratings Based (IRB) systems for Retail Mortgage and Commercial portfolios. You’ll also take responsibility for coordinating and delivering the monthly Management Information (MI) packs to the Credit Model Governance Committee (CMGC) and Model Governance Committee (MGC).

What you’ll be doing:

• Contributing to the development and ongoing maintenance of application and behavioural scorecards, as well as other models within the Retail IRB Ratings System. This includes preparing for and responding to items reviewed by the Model Governance Committee.
• Supporting the development and maintenance of documented procedures that help ensure compliance with SS1/23. SS4/24 and the proposed PRA rulebook.
• Regular self-assessment against regulatory requirements and maintenance of model documentation to agreed standards.
• Keeping up to date with current and emerging regulatory developments that may impact the Society’s licence to trade, including attending relevant training sessions and conferences.

Technical Skills & Experience:

• Experience using Microsoft Office applications, particularly Excel, Word and PowerPoint.
• Working knowledge of SAS programming and data manipulation techniques.
• Experience of working with large datasets and developing automated processes to support effective information management.
• Experience developing scorecards, models or forecasting approaches.
• Experience of, or familiarity with, governance frameworks and supporting documentation such as policies and standards.
• Experience delivering presentations and/or training to a range of audiences.

Skills & Behaviours:

• Clear written and verbal communication skills.
• Strong organisational skills, including task management, time management and meeting deadlines.
• Well-developed analytical skills, including data analysis and process development.

If this role sounds of interest, we’d love to hear from you!

What you can look forward to:

A place to belong with an award-winning employer that values inclusion and wellbeing:

• Flexible working – a hybrid approach with at least 8 days per month in the office.
• Collaborative culture – an encouraging environment where your ideas can make a real impact.
• Great benefits – supporting your physical, mental and financial wellbeing.

To hear more about working at Principality and our Benefits package, read all about us on or our Careers Page - What we offer | Careers | Principality and LinkedIn- Principality Building Society: Posts | LinkedIn

Interview Process

• This advert closes on 5^th November 2026
• You’ll hear from us by 6^th November 2026
• Interviews will be held mid to late November 2026
• Outcomes will be delivered by end of November 2026

If you’re looking for a place where you can grow, feel supported and make a real difference, we’d love to hear from you.

We reserve the right to close this vacancy early should we receive a high volume of applications

If you have any questions in relation to this role, please contact the recruitment team at -recruitment@principality.co.uk