Intern - Risk Analytics

About the job

This is an exciting opportunity to join the Risk Analytics team at OakNorth Bank as an intern. The role offers hands-on exposure to credit risk analytics, with a strong focus on automation, coding, data analysis, and model development support activities.

You will work closely with the team on real-world datasets and contribute to ongoing model risk analytics projects while gaining practical exposure to risk management in a banking environment.

Roles and Responsibilities:
• Automate risk analytics existing processes like provisioning, stress testing etc. and improve code efficiency

• Perform exploratory data analysis (EDA)

• Support the team in developing, testing, and validating credit risk models (PD/LGD/EAD) including data extraction, factor analysis, and transformation using Python and SQL

• Assist in model validation, monitoring and performance tracking

• Collaborate with team members on ongoing projects and contribute to discussions

What are we looking for:
• Final year student or recent graduate in a quantitative field (Engineering, Mathematics, Statistics, Economics, etc.) from Top colleges.

• Strong programming skills in Python/R/SAS (Must have) and familiarity with SQL

• Good understanding of data manipulation libraries (Pandas, NumPy) and basic statistics

• Attention to detail and eagerness to learn

Good to Have (Not Mandatory)

• Exposure to machine learning or statistical modelling

• Experience working on projects involving real datasets (academic or personal)

What You’ll Gain

• Opportunity to build production-level coding skills

• Hands-on experience working with real financial datasets

• Exposure to credit risk modelling and model lifecycle processes

• Mentorship from experienced risk analytics professionals

About Us

We’re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.

Banking should be barrier-free. It’s a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

Our story

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said ‘no’. Unfortunately, all major banks in the UK were using the same computer – and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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