Business Credit Risk Manager

Business Unit:  Chief Credit Office
Salary range: £56,000 - £75,000 Per annum DOE
Location:   Hybrid - with occasional travel to a UK Virgin Money Hub location (Glasgow or London)
Contract type: Permanent

Our Team

Our Business Credit Insight and Innovation team plays a pivotal role in shaping our lending strategy across Business lending. We're looking for a Credit Risk Manager to join our team and help us innovate and continue to grow responsibly while ensuring our lending meets customer needs and regulatory standards.

You’ll lead the regular credit performance review of the business portfolios, presenting to senior stakeholders your findings, positively influencing the strategic direction of the portfolios. You will be responsible for delivering insight into our business portfolio as well as using your experience and expert judgement to drive the strategy. Crucial to this role will be supporting the continued efficiency and improvements to our portfolio insight, delivering timely, accurate and actionable insight to senior committees and external regulators.

What you’ll be doing

• Leading a small team who are transforming the landscape for assessing how the performance of the business lending portfolio is managed from a credit risk perspective, implementing new ways of monitoring and identifying trends, strengths and weaknesses of the portfolio, driving efficiency and automation in our approach.
• Leading the development and recommendation of appropriate Credit Risk Appetite metrics, limits and triggers, ensuring effective engagement across 1st and 2nd LOD.
• Providing coherent and actionable insight, oversight, and challenge of the credit quality of the business portfolio to a variety of internal and external stakeholders, including senior committees and regulators.
• Taking ownership of delivering regular deep dives and assessments of portfolio composition and asset quality, leading the engagement across teams as required, ensuring insights are of the highest quality and drive action.
• Driving a culture of continuous improvement, rationalising processes, improving sophistication and addressing complexity across all aspects of managing the portfolio.
• Deputising for the Credit Risk Manager, supporting all aspects of managing the business lending portfolio.

We need you to have

• Substantial experience within a credit risk environment, with strong technical expertise in SAS, Python, R, SQL or other data management tools used for conducting portfolio analytics.
• Experience around creating best in class efficient and effective reporting suites, driving improvements and efficiencies in a portfolio management setting.
• Extensive experience in articulating complex credit risk matters into digestible and actionable insight, with an ability to land a succinct message with senior leaders.
• Extremely effective attention to detail, ensuring analytics produced is accurate and robust.
• Insatiable curiosity and an inquisitive mindset with a drive to delve past surface level information and understand trends from first principles.
• A strong track record for influencing change in a positive and collaborative manner and turn ideas into practical solutions.
• Experience in building trusted relationships with key stakeholders, both internally and externally.

It’s a bonus if you have but not essential

• Experience of business lending within an IRB credit environment.
• Experience across business credit risk modelling and analytics.
• Broad knowledge of Risk Management disciplines and three lines of defence model in place across the Group.

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. 

And there's no waiting around, you'll enjoy these benefits from day one.

If we’re lucky to receive a lot of interest, we may close the advert early, please ensure to submit your applications as soon as possible.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money

Virgin Money is so much more than just a bank. As part of the Nationwide group, together we're the UK's first full-service mutual bank serving millions of retail and business customers and all driven by our purpose; Banking but fairer, more rewarding and for the good of society. With us, you’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.

Be yourself at Virgin Money

At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society.  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 careers@virginmoney.com

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.

Now the legal bit
Although some of our roles allow you to be based anywhere in the UK, 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.