Credit Risk Manager - Revolving Lending
Location: London
Salary:
Closing Date: Friday 10 May 2024
Credit Risk Manager - Revolving Lending
Level 12
Location: London, Bradford, Chatham or Petersfield
We are happy for you to be based in Bradford, Chatham or Petersfield but please note that occasional travel will be required to our other offices
Working Pattern: Our working style is hybrid, but we recognise the importance of collaborative working with our colleagues often 1 to 3 days per week in one of our offices
Benefits: Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 1 paid day to ‘give back’
Don’t hesitate to apply for a role even if you don’t meet all the criteria; your unique strengths and eagerness to learn can be just as valuable.
You and Your Team:
As a Credit Risk Manager (Revolving Lending) you will be responsible for the development, implementation and ongoing monitoring of credit risk strategies for Credit Cards – covering acquisitions and existing customer management – through providing clear recommendations on how best to drive good customer and business outcomes.
In your day-to-day role, as a Credit Risk Manager you will:
1. 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
2. Driving the optimisation of lending decisions through test and learn initiatives to identify champion strategies for both new and existing customers
3. Investigating and developing new data sources to be used for analysis and decisioning
4. Influencing stakeholders across the Group – ranging from peers to Senior Management – to gain buy-in and support to deliver change as required
5. Supporting business growth and portfolio profitability – ensuring a balance between risk, reward and responsible lending – while controlling credit quality and performance
6. Providing colleagues with opportunities to succeed, devoting dedicated time to empowering people through coaching, mentoring and sharing expertise and knowledge
Leadership responsibilities:
7. Setting a clear strategic vision for analysts within the Revolving Lending team, combining the distinct aspects of acquisition decisioning and existing customer management into a cohesive function
8. Recruiting, developing and coaching colleagues to ensure the right level of capability, skills and engagement to maintain a high performing team
9. Defining clear objectives to drive individual performance to achieve delivery of functional goals that are aligned to strategic objectives
10. Establishing an inclusive culture which promotes diversity and “Vanquis Way” behaviours through leading by example, as well as setting the standard of identifying, escalating and mitigating identified risks through a robust control framework
11. Readily sharing resources to support higher priority work, showing pragmatism and support for the shared goals of the Group
What will make you stand out?
12. History of working within Credit Risk – preferably specialising in Credit Cards across the Credit lifecycle
13. Experience of managing an analytical team, prioritising activities while providing strategic direction and maintaining motivation through coaching and colleague development
14. Strong numerical capability with experience in converting analytical information into a business narrative through strong commercial acumen
15. Communication – ability to articulate complex ideas to stakeholders in order to influence or persuade, through delivering key messages with impact when required
16. Problem solving – finding innovative ways to address issues or risks identified, or discovering opportunities to enhance existing strategies
17. Keeps up to date with latest regulatory and macro-economic developments and trends
18. Focused on customer outcomes and understanding of how strategies can have a wider impact than initially anticipated
The interview process:
19. Up to 30minute telephone call with a member of the Talent Acquisition team
20. Up to 60 with the hiring team – Get to know you / answer any questions you may have
21. Final interview with the hiring team up to 60 mins – Presentation / competency based
Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.
As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.
Your working life: If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great 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.
Why work for us?
Back in 1880, our founder, JK Waddilove started to provide factory workers in Bradford, with essentials, when others wouldn’t, like coal and clothing.
Times have changed since then, society has moved on, and our market and customer needs have evolved. What has not changed though, is our long-established desire to help put people on a path to a better everyday life.
Today we have stayed true to our purpose, just as we’ve always done, in our communities, for our customers, in an evolving and changing world.
It’s why we are here, it’s how we will stay, and as Vanquis Banking Group, we can look to the future, and look back at our past with pride.
At Vanquis Banking Group we believe in looking after our colleagues, so we do our best to create a rewarding, engaging, and supportive work environment across our various divisions.
We let our colleagues know we appreciate their hard work by offering competitive salaries, benefits, and a Group wide recognition scheme. All colleagues are eligible to join a pension scheme, and, after six months’ service, you can join our ‘Save as you Earn’ and 'Buy as you Earn' schemes.
We offer a range of training and development opportunities to help each of our colleagues maximise their potential, whatever their role. From your first day working with us, we’ll help you settle into your new role and are happy to talk to you about your career aspirations.
Equal Opportunity Statement
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, its 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.