---
title: 'Analyst, Lending Models at Allica Bank'
canonical: 'https://feeny.ai/job/analyst-lending-models-allica-bank-delhi-5x4av9h4nzg9'
type: 'job'
last_seen: '2026-09-14'
---

# Analyst, Lending Models at Allica Bank

- **Company:** Allica Bank
- **Location:** Delhi, India
- **Employment:** full-time
- **Work type:** hybrid
- **Posted:** 2026-09-01
- **Last confirmed live:** 2026-09-14
- **Apply:** https://jobs.ashbyhq.com/allica-bank/45bb86ba-d914-46f5-ad8a-a03a0a305b86

## Job description

## About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers. Department Description The Modelling team sits within the Credit Portfolio Management (CPM) function and develops the measurement and decisioning capabilities that support Allica’s lending products. The team builds and owns the bank’s IFRS9 model estate, including PD, LGD, SICR and economic response models, as well as the statistical and machine learning models, credit policy rules and credit-linked GenAI solutions used to support and automate lending decisions.

## Role Description

This role will be part of the team building, implementing, monitoring and optimising the models and policy rules behind automated lending decisions. These capabilities are critical to delivering fast, consistent and well-controlled credit decisions, improving the customer journey and managing credit risk as the bank grows.

The role requires the technical ability and practical mindset to take models and decisioning changes from initial problem definition through data identification, preparation and analysis to model development, implementation and ongoing monitoring. The successful candidate will be comfortable moving between structured model development and fast-paced ad-hoc analysis, working closely with Credit Risk, Underwriting, Product, Data, Engineering and Model Risk colleagues. They will communicate complex findings clearly to stakeholders with different levels of technical expertise and work with third-party suppliers where required. We are looking for a hands-on modeller who can turn data into reliable, scalable decisioning solutions and continuously improve how the bank assesses credit risk.

Principal Accountabilities

- Take a hands-on role in the design, build, implementation and continuous refinement of the statistical and machine learning models that support automated lending decisions.
- Develop and deploy credit risk models in Python across the full model lifecycle, including data preparation, feature engineering, model fitting, validation, implementation and ongoing performance assessment.
- Perform ad-hoc analysis to optimise credit policy rules and decisioning flows, using rule-firing, decision and outcome data to identify redundant, overlapping or mis-calibrated rules.
- Produce regular scorecard and decisioning monitoring covering population stability, discriminatory power, calibration, segment and vintage performance, decision rates, and alignment with underwriting outcomes.
- Automate monitoring packs and controls, including metrics such as PSI, Gini and KS, so that emerging performance issues and data-quality problems are identified quickly and consistently.
- Recalibrate or redevelop models as portfolio experience matures, comparing predicted and actual outcomes and adjusting model scaling, score cut-offs or policy thresholds where evidence of drift or mis-calibration exists.
- Lead root-cause investigations into model, rule or decisioning-flow underperformance by tracing issues through decision logs, data lineage, feature calculations, production pipelines and implementation logic.
- Build robust, well-controlled and reproducible modelling processes, and drive improvements to the data, tooling and infrastructure required for future model development and deployment.
- Document models, rules, assumptions, limitations and changes to a high standard, supporting governance, independent validation and stakeholder review.
- Work closely with Credit Risk, Underwriting, Product, Data and Engineering teams to translate business requirements into practical decisioning solutions, while complying with mandatory policies and maintaining a strong internal control environment.

Personal Attributes & Experience

- You have at least 4 years’ hands-on risk modelling experience.
- You have hands-on experience applying statistical modelling techniques such as logistic and linear regression, as well as machine learning models, to solve practical business problems.
- You are comfortable with large data sets, and data extraction and manipulation using Excel, SQL, Python & BI tools.
- You have a proven track record with Python coding, and are comfortable using GenAI tools to increase coding productivity.
- You have a good understanding of credit and lending concepts, preferably in commercial lending.
- You are driven, self-motivated and passionate about building great solutions for the bank.
- You can work independently and are flexible to adapt quickly to changing priorities within a very dynamic environment.
- You work well with stakeholders across the business, and collaboratively within the team.
- You have strong skills in writing technical documents as well as business focussed documents to get buy in from various stakeholders.
- Experience of implementation of models into software applications is highly desirable.
- Prior experience in this area matters for this role. If you believe you are a strong fit for the role, but don’t quite meet one of the requirements above – if you think you can suitably overcome that, then please apply anyway.

Working at Allica Bank At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you! Flexible working We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate. Diversity We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

## About Allica Bank

## Company Overview
- **One-liner**: Allica Bank is a British challenger bank and fintech that provides current accounts, savings, and lending products exclusively to established small and medium-sized businesses (SMEs) in the UK.
- **Entity Type**: Private (Unicorn status achieved February 2026)
- **Headquarters**: London and Milton Keynes, UK (with additional hubs in Manchester and India)
- **Founded**: 2019
- **Founders**: Not publicly available (the bank was founded by a team; current CEO is Richard Davies, appointed July 2020)

## Core Business
- **Primary industry/industries**: Financial Services, Fintech, Business Banking (SME Banking)
- **Target customers**: B2B — Established UK businesses with 5–250 employees
- **Mission or purpose statement**: "To give established businesses the banking they deserve" — combining fintech knowledge with start-up spirit to transform the business banking experience.

## Products & Services
- **Business Rewards Current Account**: A full-featured business current account with unlimited fee-free UK transfers, team-level access, two-person authorisation, virtual cards (up to 20 per employee), expense management, and integrations with accounting software (Sage, Xero, QuickBooks, FreeAgent). Earns up to 1.5% cashback on card spend and integrated savings pots paying up to 4.08% AER interest.
- **Business Borrowing**: Includes business overdrafts and lending products tailored for established SMEs.
- **Savings Accounts**: Instant access savings accounts with competitive interest rates.
- **Invoice Finance & Embedded Payments** (via acquisition of Kriya, October 2025): A new offering aiming to achieve £1 billion of invoice finance lending by 2028.
- **Specialist Bridging Loans** (via acquisition of Tuscan Capital, August 2024): Short-term property-backed lending.

## Market Standing
- **Valuation/Market Cap**: $1.2 billion (Unicorn status, February 2026)
- **Key Metric**: Annual Revenue of £371.3 million (2025); Net Income of £36.9 million (2025); Total lending over £3.7 billion; Over 30,000 business customers (February 2026)
- **Notable Investors/Partners**: Ventura Capital, GLG, Sona AM, TCV, Blue Owl, Atalaya Capital Management, Warwick Capital Partners
- **Growth Signals**:
    - Named the UK's fastest-growing private company in The Sunday Times 100 (June 2024)
    - Named the UK's fastest-growing fintech ever in Deloitte's 2023 UK Tech Fast 50
    - Listed as the second fastest growing company in Europe in the FT1000 (March 2025)
    - Over 700 employees (growing to 799 in 2025)
    - Achieved first full-year profit in 2023
    - Acquired Kriya (invoice finance) and Tuscan Capital (bridging loans) to expand product suite

## Competitive Advantages
- **Dedicated Relationship Management**: Every customer gets a UK-based relationship manager on speed dial — a return to "real relationship banking" that larger banks have moved away from.
- **Proprietary Technology**: Tech teams design, test, and build everything in-house specifically for the needs of established businesses, not consumers or micro-businesses.
- **No Monthly Fees**: Unlike traditional banks, Allica rewards customers with cashback and interest instead of charging monthly account fees.
- **FSCS Protection**: Customer deposits are protected up to £120,000 by the Financial Services Compensation Scheme.
- **Speed of Execution**: Company culture emphasises "Need for Speed" — they believe executing and improving faster creates a massive competitive advantage.

## Strategic Focus
- **Product Expansion**: Growing beyond core banking into invoice finance, embedded payments, and specialist lending through acquisitions.
- **Scaling Customer Base**: Targeting continued rapid growth from 30,000+ business customers, with a specific goal of £1 billion in invoice finance lending by 2028.
- **Talent & Culture**: Building a team that blends "fintech knowledge with start-up spirit" while maintaining a focus on transparency and delivery over hierarchy.

## Why Work Here
- **Culture & Values**: "Allicans" are described as passionate about the collective mission, with a culture of top talent, big thinkers, and a truly diverse workforce. Values include "Own it," "Need for Speed," "Straight Bat," and "Lead by Example."
- **Employee Satisfaction**: 92% of employees said they enjoy working together (latest survey); 86% say they enjoy working there.
- **Flexible Working**: Flexible working arrangements are offered, plus enhanced maternity, paternity, and shared parental leave.
- **Benefits**: Competitive financial and wellbeing benefits, plus a packed staff social calendar.
- **Growth Opportunity**: Described as "the UK's fastest-growing fintech ever" — employees get to help build the future of business banking and grow their own careers in a fast-paced, high-impact environment.
- **Engineering Culture**: Tech teams design, test, and build everything in-house with a focus on transparency and data-driven decision making. Worth is measured by delivery of outcomes, not job titles or headcount.

## Sources
1. [allica.bank](https://www.allica.bank/about-us)
2. [allica.bank](https://www.allica.bank/)
3. [allica.bank](https://www.allica.bank/careers)
4. [jobs.ashbyhq.com](https://jobs.ashbyhq.com/allica-bank)
5. [wikipedia.org](https://en.wikipedia.org/wiki/Allica_Bank)

## Other roles at Allica Bank

- [Lead Platform Engineer](https://feeny.ai/job/lead-platform-engineer-allica-bank-milton-keynes-nhxz1tf65eh0) — Milton Keynes, United Kingdom
- [Compliance Analyst](https://feeny.ai/job/compliance-analyst-allica-bank-london-regzrtrf7tjc) — London, United Kingdom
- [Direct Asset Finance Specialist](https://feeny.ai/job/direct-asset-finance-specialist-allica-bank-manchester-q0qn9801am0t) — Manchester, United Kingdom
- [Associate Relationship Manager - Midlands](https://feeny.ai/job/associate-relationship-manager-midlands-allica-bank-east-midlands-zh26f4y0d47h) — East Midlands, United Kingdom
- [Lead Analytics Engineer](https://feeny.ai/job/lead-analytics-engineer-allica-bank-london-02ej3mbpy2rm) — London, United Kingdom
- [Data Analyst - 8 Month FTC](https://feeny.ai/job/data-analyst-8-month-ftc-allica-bank-london-bcrrahmmzc92) — London, United Kingdom
- [Associate Relationship Manager - North](https://feeny.ai/job/associate-relationship-manager-north-allica-bank-manchester-vf82zjf1k86z) — Manchester, United Kingdom
- [Specialist Portfolio Manager - Healthcare](https://feeny.ai/job/specialist-portfolio-manager-healthcare-allica-bank-london-h5fq9a0ppdpx) — London, United Kingdom
- [Direct Asset Finance Specialist](https://feeny.ai/job/direct-asset-finance-specialist-allica-bank-milton-keynes-8wgvxrympe19) — Milton Keynes, United Kingdom
- [Technology Risk & Controls Manager](https://feeny.ai/job/technology-risk-controls-manager-allica-bank-london-r50ee2bvdf1v) — London, United Kingdom