Senior Credit Risk Manager, New Business Strategies
Location: Petersfield/Bradford/London
Salary:
Closing Date: Friday 14 February 2025
Senior Credit Risk Manager, New Business Strategies
Contract Type: Permanent | Full-time
Location: Bradford, Petersfield or London. Occasional travel to other offices may be required.
Working Pattern: Hybrid—typically 1 day a week in the office. Part-time or flexible arrangements are considered to support work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.
What We Offer:
- Holidays: 25 days holiday up to 30 days (depending on service)
- Pension: We know it is important to save for the future, that is why we will contribute up to 10%
- Maternity/Paternity: We realise that family time is important, we offer enhanced maternity (after successful completion of probation) and 4 weeks paternity leave
- Volunteering: 2 paid days to ‘give back’ to the charity of your choice
- Development: LinkedIn Learning for all
- Finance: Snoop Premium available to all colleagues
- Medical: Opportunity to opt in for Private Medical Insurance
- Bonus: Discretionary annual bonus
The Role:
As our Senior Credit Risk Manager, you’ll be responsible for leading the evolution of the credit risk existing new business strategies for Credit Cards, Loans and Vehicle Finance. Implementing industry best practice on credit risk and affordability assessments, credit line management, risk vs reward profitability modelling to capture market share, grow receivables, optimise profitability and deliver good customer outcomes.
As a Senior Credit Risk Manager, you will:
- Deputises for the Head of Credit Risk Strategies and is the direct succession plan. Leads and role models for the wider strategy function on credit risk analysis, NPV modelling and influence across Commercial, Finance and the wider business
- Driving the optimisation of lending decisions through test and learn initiatives to identify champion strategies for existing customers
- Establishing a credit risk framework – incorporating risk monitoring and feedback processes – to ensure appropriate decisioning for both customers and the business within the Group’s risk appetite
- Investigating and developing new data sources including open banking date to be used for analysis and decisioning
- Influencing stakeholders across the Group – ranging from peers to Senior Management – to gain buy-in and support to deliver change as required
- Supporting business growth and portfolio profitability – ensuring a balance between risk, reward and responsible lending – while controlling credit quality and performance
- Providing colleagues with opportunities to succeed, devoting dedicated time to empowering people through coaching, mentoring and sharing expertise and knowledge
- Responsible for building an innovative culture within the department by exploring and implementing cutting-edge techniques and methodologies to enhance decision-making
What We’re Looking For:
- Industry expert in Credit Risk lending strategies
- Leadership - Proficient in leading an analytical team, prioritising activities while providing strategic direction and maintaining motivation through coaching and colleague development
- Strong numerical capability - experience in converting analytical information into a business narrative through strong commercial acumen
- Communication – ability to articulate complex ideas to stakeholders to influence or persuade, through delivering key messages with impact when required
- Problem solving – finding innovative ways to address issues or risks identified, or discovering opportunities to enhance existing strategies
- Keeps up to date with latest regulatory and macro-economic developments and trends
- Focused on customer outcomes and understanding of how strategies can have a wider impact than initially anticipated
The interview process:
- 30-minute call with Talent Acquisition.
- 1 hour interview with the hiring team.
- Final interview
Offers are subject to satisfactory background checks, including credit, fraud, and employment references.
Who We Are:
At Vanquis, we have a simple purpose: to deliver caring banking so our customers can make the most of life’s opportunities. Established in 1880, we’re now a FTSE All Share company and leading specialist bank. We lend responsibly, providing tailored products and services to over 1.75 million UK customers.
We take care of our colleagues as well as our customers, working hard to create a rewarding and supportive work environment. That means competitive salaries, benefits, and a Group-wide recognition scheme. Everyone can enrol in our pension and after six months, you can join our ‘Buy As You Earn’ scheme.
We’re about more than financial rewards though. We give everyone a voice in the business and room to be their authentic self. And we know you’re here to build your career, so we help every colleague with training and development opportunities. Making sure there’s always something new to learn.
Vanquis Bank is an Equal Opportunity Employer:
Here at Vanquis Banking Group, we embrace everyone’s unique strengths and identities to be themselves at work. Regardless of how you identify yourself, your sexual orientation, martial or civil partner status, race, colour, nationality, ethnic or national background, faith, disability, or age – your experiences and background help enrich our teams, and most importantly help support our customers in the best way possible. At the end of the day, it's our people that help us to fulfil the reason why we’re here in the first place: to help put people on a path to a better everyday life.
If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available to help. You can contact us at careers@vanquis.com
