Business Unit: Risk, Unsecured Portfolios
Salary: circa £40,000 DOE + red hot benefits!
Location: UK Flexible with some requirement to attend a local HUB
Contract Type: Permanent
Be the voice we need. Live a life more Virgin.
Our Team
We’re responsible for proactive management of Strategies covering Credit Lifecycle (Origination, Cut-off management, Affordability assessment, Further lending criteria, Limit management, cross product pre-approval) and managing approvals with key stakeholders. You’ll consider risk and reward of credit strategies and policies to ensure performance meets Risk and Reward guardrails, leveraging data to optimise segmentation and strategies & policy rules. Pursue growth opportunities to support and drive business growth including the execution of complex projects as required.
You’ll report into the Credit Risk Manager that looks after Personal Loans and Current Accounts, to create, refine and monitor our risk strategies for both new and existing customers.
What you’ll be doing
Using your experience and judgement to design and setting of strategies for the Personal Loans and Current Account portfolios, ensuring they adhere to the Risk Appetite Statements and applicable regulations whilst allowing safe, profitable unsecured lending growth.
Performing analysis using SAS and Microsoft office to explore emerging trends and make subsequent strategy changes, overseeing strategy change and investigations.
Working collaboratively with Credit Strategy owners, Commercial and Operational colleagues to identify improvements that maintain regulatory compliance, improve efficiency, or provides additional value to the business.
Supporting the Credit Risk Manager to provide meaningful insight and recommendations for Senior Management and to relevant meetings and committees.
Developing and maintain a relationship with the wider Credit Risk teams to ensure that best practice is shared.
Helping maintain our internal Governance frameworks, policies and Regulatory guidelines and ensure this framework is embedded in the business to ensure sound risk practices are adopted.
Delivering high-quality customer service, including implementation of a culture to continuously improve and rationalise processes and related complexity.
We need you to have
Proven strong analytical experience in SAS and/or SQL.
Expert knowledge of the MS Office suite.
Experience working on unsecured products (bonus if this is within Credit Risk).
Experience in the development of credit risk strategies, policies and procedures.
Excellent communication skills with the ability to condense and simplify complex information.
Capability to prioritise effectively and manage various management expectations.
Ability to build strong networks and relationships with internal and external stakeholders/audiences.
Red Hot Rewards
Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more
Up to five extra paid well-being days per year
20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
Market-leading pension
Free private medical cover, income protection and life assurance
Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
Ability to work anywhere in the UK (where the role allows)
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money’, underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks