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Credit Risk Senior Specialist - Secured

United Kingdom

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City/Region United Kingdom Job ID 696323 Category Risk Contract type Permanent Full Time Applications Close 2 Oct 2023 GMT Daylight Time

Business Unit: Credit Risk
Salary range: £42,000 - £52,500 DOE + Red-hot benefits
UK Flexible, Remote
Contract Type: Permanent

Grab onto your Virgin Money adventure

We’re on the search for a talented Credit Risk Senior Specialist to join our Secured Insight & Innovation Credit Risk team.

Our Team

There is opportunity to influence the secured lending business across the credit lifecycle, and   focus will   be on the on delivery of arrears and loss insights into the Mortgage portfolio. We also oversee the risk inputs to the secured pricing models, as well as analysis to understand the profitability of any strategy or commercial changes to support and drive profitable business growth.

You’ll report into a Credit Risk manager and provide insight to the Risk Management Leadership Team, Risk committees and the wider business as required. No two days will be the same as you collaborate with a range of stakeholders to ensure analysis is providing true insight into risks and opportunities, with the ability to then drive the insight to tangible improvements in our ability to manage Credit Risk.

Day to dayyou’ll:

  • Investigating monthly impairment movements and providing a detailed explanation for trends and variance from plan, to aid understanding of P&L reporting
  • Monitor credit risk inputs to pricing models, ensuring accuracy of inputs whilst working with Commercial and Finance teams to ensure profitability of pricing proposals
  • Building and maintaining relationships with the Strategy, Modelling and Risk teams to ensure metrics within the models are reflective of current strategies, models, and future changes
  • Manage the production and presentation of summarised content suitable for sharing with the most senior committees within the Bank and externally with regulators
  • Lead the design and development of forecasting models and embedding models into Group forecasting & governance routines
  • Understand the current year and longer-term strategic plans and providing input into these to ensure VM achieve our targets.
  • Engage, inspire, and motivate colleagues across the high performing Secured Credit Risk team. 

There are a few essentials you need to bring..… 

  • Strong analytical experience, ideally using SAS
  • Experience of forecasting in a credit risk setting in a retail banking environment
  • A great working knowledge of IFRS9, impairments and IRB
  • Ability to influence change in a positive and collaborative manner and turning ideas into practical solutions
  • Excellent communication skills with the ability to condense and simplify complex information appropriately for audience
  • Capability to operate effectively with management, internal and external stakeholders and stand up to robust challenge
  • Ability to prioritise effectively and manage various expectations, delivering multiple deliverables in a fast-changing environment 

We'd love you to have (but notessential) ...

  • Experience of secured credit strategy; acquisition and/or portfolio. 
  • SAS Certification
  • Background in economics with ability to highlight risks and opportunities from the external environment.

Just to flag

Not sure you’ve all the skills? That's okay – still apply as we value passion and potential so tell us why you’d be great in your application.

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. 

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