05 April 2017
Application deadline: 30 April 2017

Quantitative Analyst

Banking Standards Board

Quantitative Analyst

The Banking Standards Board

The Banking Standards Board (BSB) was established in 2015 to help raise standards of competence and behaviour across all banks and building societies doing business in the UK.

The BSB is an independent, impartial and challenging champion of better banking standards. It is not a regulator or a lobby group; but is working with banks and building societies, their customers and staff and a range of other stakeholders to improve standards. In doing so, the BSB is focused on understanding and assessing the culture of banks and building societies, identifying shortcomings, recognising progress and developing good practice to improve the trustworthiness of banking in the UK.

The Role

We are growing our team, in line with our increasing membership base and to support the expansion of our work. As part of this we are creating a specialised quantitative role to work with the unique and rich dataset we are gathering assess the culture, behaviour and competence of banks and building societies.

The annual BSB Assessment is core to our work. It is a unique and groundbreaking approach that we have developed, drawing on a range of academic disciplines, to assess the culture of our member firms: to give them evidence-based, impartial and insightful feedback on how willing and able they are to meet the needs of their customers and their staff, and to serve society. The data gathered from the Assessment is also used to identify trends across the banking sector, or subsets of it, in order to inform our policy work and our dialogue with a broad range of stakeholders who share an interest in raising banking standards.

Having run the Assessment for the first time in 2016, across 22 banks and building societies and involving just under 30,000 employees and 150 board members and executives at these firms, we are now planning the 2017 Assessment. In preparation for this, we are expanding our team, reflecting the demanding operational requirements of the exercise, the need to continually strengthen the framework to ensure that remains leading edge, and to create the capacity to explore the rich data set that will be even bigger next year.

In your role as Quantitative Analyst you’ll work alongside a high quality experienced team, involving close interaction with the BSB’s Heads of Analytics, Assessment and Policy, and leading academics.

The main responsibilities of the Quantitative Analyst will be to:

  • Contribute to our annual Assessment of individual banks and building societies through establishing and running data quality checks, leading on data analysis, and designing visualisations where required. This aspect of the role will require the Quant Analyst to work as the main data expert embedded within and supporting a team of Assessment Analysts
  • Work with the Head of Analytics in leading the analysis of the industry-wide data set for our Annual thematic review, through examining trends, detecting patterns, and establishing main implications across firms
  • Contribute to the BSB’s growing research agenda. Propose possible research and analysis in particular through exploring our rich data set. Work with the Heads of Analytics and Policy, and with academics, in conducting robust, evidence-based research
  • Work with the Heads of Analytics and Assessments to improve and refine our Assessment approach every year, so that this is both robust and cutting edge, by looking both at our methods and our data sources

Specific Role Requirements

For this role, the successful candidate will need to demonstrate:

  • exceptional quantitative skills, with the ability to manipulate, investigate and draw salient conclusions from large data sets, and understand the limitations of different analytical approaches and evidence bases;   
  • a degree with a specialism in statistics, econometrics, mathematics, financial economics or similar fields;
  • excellent ability in Microsoft Excel and in a relevant econometrics package (e.g. Stata), and ideally some experience of data visualisation tools (e.g. Tableau)
  • natural curiosity, personal drive and an ability to work independently (our data set is rich, our approach is new, and our success depends on our people taking initiative);
  • an ability to work collaboratively and flexibly in a fast-paced environment;
  • good written and verbal communication skills, with an ability to present analysis clearly and cogently with senior audiences;
  • good organisational skills, with the ability to plan, prioritise and deliver multiple tasks to high standards;
  • discretion and an ability to handle confidential information sensitively;
  • an interest in financial services, and a commitment to improving standards;
  • strong personal connection with the BSB values: objective, innovative, collaborative, challenging;

Remuneration

This is a full time role and will be based in the BSB’s offices in central London. This is open to applications from candidates on job-share that can together cover five days per week. The BSB offers a competitive salary and benefits package.

Applications

If you are interested in applying then please send your CV and a covering letter, specifying clearly that you are applying for the Quantitative Analyst role and how you meet the role requirements, by Sunday, 30 April 2017 by either email or post to:

Recruitment

Ref: QA/0417

Banking Standards Board

2nd Floor

75 King William Street

London EC4N 7BE

recruitment@bankingstandardsboard.org.uk