Senior Unsecured Credit Risk Manager Strategy

Business Unit:  Risk
Salary range: £74,400 - £93,000 per annum DOE + red-hot benefits
Location:  Remote - Flexible with some travel requirement to an Office or Hub
Contract type:  Permanent

Live up to your potential. Live a life more Virgin.

Our Team

The credit strategy team is responsible for the design and delivery of best in market unsecured lending, credit strategies and policies across the credit lifecycle for Credit Cards, Personal Loans, Overdrafts and small business lending.

Reporting to the Head of Unsecured Credit Risk, you'll be a member of the Unsecured Credit Risk leadership team and will lead the efforts of a highly skilled team of Credit Risk Managers and analysts.

What you'll be doing

• Taking ownership and optimisation of strategies covering the credit lifecycle (Origination, cut-off management, affordability assessment, limit management, account management, further lending criteria and cross product pre-approval).
• Proactively managing risk and reward of all credit strategies & policies to ensure performance meets guardrails, risk appetite by leveraging internal and external data and use of scoring models.
• Managing strategy approval through the appropriate governance framework and with key stakeholders.
• Effective influencing and ongoing management of the relationship with key stakeholders including Commercial, Finance and Operations together with other Risk teams.
• Production and presentation of Credit Risk performance and key trends suitable for sharing with senior committees within the Bank and externally with regulators.
• Supporting and driving positive customer outcomes, identifying opportunities for automation and optimisation.
• Representing the bank in key industry forums both driving the Group agenda and leveraging engagement and benchmarking to remain competitive.
• Engaging and motivating colleagues across a high performing Unsecured Credit Risk team.

We need you to have

• Significant experience of Unsecured Credit Risk lending and developing strategies in a consumer lending organisation.
• Ability to condense and simplify complex information to brief and influence senior stakeholders with experience in data analysis.
• Experience of building trusted relationships with a wide range of stakeholders at all levels.
• Proven experience of translating complex methodologies and principles into meaningful insight for senior leadership and other non-technical stakeholders.
• Capability to support multiple priorities in a fast-changing environment and prioritise effectively to manage various management team / other stakeholder expectations.
• Experience of coaching and developing team members to ensure delivery to a consistently high standard.

It's a bonus if you have but not essential

• Developing credit scorecards and models
• Knowledge of IFRS9, impairments & IRB

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.