About us

Vida Bank provides competitive savings products through Vida Savings and specialist mortgage solutions through Vida Homeloans.

Our mortgage business supports Buy to Let (BTL) and residential borrowers (ROO) who find themselves underserved elsewhere. Our mortgage customers range from Buy to Let investors, to the self-employed and customers with multiple jobs.

Our savings proposition is delivered online via our website, and is focussed on providing savers with fair, transparent and competitive rates. Our typical customers are active savers, who tend to look beyond their current account provider for savings accounts.

Our business model and strategy are underpinned by our core purpose to ‘Help More People Find a Place to call Home’.

We are here to help the under-served, especially those with more nuanced personal circumstances or borrowing needs who are not able to access a mortgage from a mainstream mortgage lender. Working exclusively with intermediary partners, we combine cutting-edge technology with skilled and caring underwriting expertise to solve complex customer problems.

As a fully regulated UK based bank with ambitious growth aspirations, we recognise the importance of having a clearly articulated culture strategy and the need to actively manage how it embeds in the business together with the behaviours which exemplify it.

As a recognised Best Companies Top 100 mid-sized company to work for in the UK and a finalist at the Financial Reporter Women’s Recognition Awards, we take pride in our diverse workforce, championing both ethic and gender diversity through our EDI commitments.

Having met the target set by being a member of the HM Treasury Women in Finance Charter we have 50% of senior management roles filled by women.

With offices in London, Newcastle and Skipton, we bring our teams together regularly to collaborate and empower our colleagues to have more choice around when and where they work on the days they are not in the office, with colleagues working remotely in various locations across the UK.

Our Culture

We are proud to have built a culture founded on an ethos of caring, and that sits at the heart of our Vida Values, driving the way we run our business, support our customers and other stakeholders on a daily basis.

We genuinely care about delivering the right outcomes for all our stakeholders who we consider through the cultural framework as our customers, colleagues, company and communities that we operate in.

By Joining Vida you will have a sense of belonging in what is a diverse and collaborative environment, where you will be empowered to take responsibility for driving delivery.

We embrace a diversity of backgrounds and experiences in our people, in the deeply held belief that better outcomes are achieved for customers when our colleagues are better placed to empathise with and understand their unique circumstances. From application to interview, we place inclusion at the heart of all we do.

Role Overview:

The postholder will report to the Head of Secured Funding and provide support in the execution and analysis of secured financing transactions, including Residential Mortgage -Backed Securities, Warehouses, Forward Flow and Portfolio Sales. The Secured Funding Analyst will provide analytical and research support and will be responsible for assessing collateral performance, modelling cashflows, evaluating structural risks, and providing investment or risk oversight to ensure optimal funding and investment performance, regulatory compliance, and early identification of emerging risks.

Key Responsibilities:

1. Analysis & Modelling

• Analyse secured funding transactions, including collateral pools, structural features, waterfalls, triggers, enhancements, and counterparties.

• Build and maintain cashflow models using Excel/VBA. Prior experience with Python is advantageous but not a requirement.

• Perform scenario testing / stress testing on prepayments, delinquencies, defaults, recoveries, and interest-rate sensitivities.

• Evaluate tranche performance, expected credit losses, and projected returns.

2. Portfolio Monitoring & Reporting

• Conduct ongoing performance surveillance of existing RMBS issuance and holdings.

• Prepare monthly and quarterly performance summaries, including KPIs, risk metrics, and variance analysis.

• Identify deterioration in collateral, servicer performance, or deal structure; escalate where necessary.

• Maintain internal dashboards, models, and databases.

• Work closely with the MI reporting team to ensure data quality and integrity is maintained and complies with both internal and external reporting requirements.

• Reporting to internal governance Committees, Treasury Risk Forum, ALCo.

3. Market, Regulatory & Sector Intelligence

• Monitor market trends across housing, mortgage lending, securitisation, interest rates, and macroeconomic indicators.

• Track regulatory developments impacting RMBS (e.g., PRA, FCA, Basel, STS requirements).

• Provide insights on new issuance and secondary‑market movements.

4. Risk Management & Governance

• Develop and manage structured funding standard operating processes to satisfy the operational and reporting obligations of the funding agreements.

• Support the assessment of credit, liquidity, interest‑rate, and structural risks.

• Assist with internal credit opinions, due‑diligence notes, and Committee papers.

• Ensure compliance with internal risk frameworks, policies, and stress‑testing standards.

• Contribute to regulatory reporting and audit processes as required.

5. Stakeholder Engagement

• Work with internal stakeholders ensuring the key interlinking processes with other business areas are documented.

• Work with Treasury, Risk, and Finance to support funding and investment decisions.

• Liaise with investment banking advisors, investors, issuers, servicers, credit rating agencies, and internal model validators.

• Present analysis clearly to technical and non‑technical audiences.
  

Requirements:

• Experience analysing RMBS, ABS, or structured finance products.

• Familiarity with UK and/or EU mortgage markets.

• Understanding of STS frameworks, rating agency methodologies (Moody’s, S&P, Fitch, DBRS), and regulatory capital rules.

• Strong financial modelling and analytical capabilities.

• Understanding of mortgage collateral characteristics: LTV, arrears, seasoning, affordability, prepayment behaviour, etc.

• Knowledge of securitisation structures, waterfalls, credit enhancement, and tranche behaviour.

• Ability to interpret loan‑level data, stratification tables, and servicer reports.

• Proactive approach to risk identification and problem‑solving.

• Strong written and verbal communication skills.

• Strong stakeholder‑management skills.
  

Our Values

Our values are well established and recognised throughout our organisation. They provide a frame of reference for the behaviours expected from our colleagues every day.

We find ways to break old conventions, especially those which cause exclusion or customer harm. We look for these qualities when hiring new talent into the organisation, and they underpin our approach to personal development and performance management for all our people. At the heart of this is the fact we care about our Customers, Our Colleagues and our Communities. We are:

Visionary - We innovate and break old habits, thinking big and pushing boundaries together as one team

Inclusive - We value each other’s differences and work to see people for who they really are

Dynamic - We are flexible and fast, cutting through complexity and never accepting second best

Authentic - We are honest and genuine, what you see is what you get

Benefits

We offer a comprehensive benefits package to support our employees’ professional and personal needs. Further details can be provided upon application.