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Head of Business Credit Insight & Innovation

United Kingdom

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City/Region United Kingdom Job ID 085049 Category Credit Risk Contract type Permanent Full Time Applications Close 17 Jun 2024 (11.55pm BST)

Business Unit: Risk
Salary range: Depending on experience + red-hot benefits
Location:  Remote, UK Flexible with occasional travel required 

Live to challenge the status quo. Live a life more Virgin.

Our Team

Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re on the lookout for like-minded individuals and innovators to help drive our strategy forward.

We are seeking an engaging Credit Risk leader, who is insatiably curious and is not afraid to challenge the status quo. Reporting to the Chief Credit Officer and as a member of the Credit Leadership Team, you will ensure that Virgin Money’s purpose and values are inspiring colleagues to challenge the status quo.  You will lead and develop a team of ten Credit Risk subject matter experts with responsibility for overseeing, overviewing and monitoring the end-to-end business portfolio, including acquisition, lending decisions and business strategies, as well as portfolio performance from acquisition through to financial difficulty.  No day is the same, and you'll work closely with a variety of stakeholders spanning 1st and 2nd line of defence.

What you’ll be doing

  • Ensure appropriate end to end management of the business portfolio, including new business and portfolio performance monitoring, utilising analysis and insight, communicating key trends to senior stakeholders, as well as through established governance
  • Manage portfolio performance with value added analysis and insight, developing expert knowledge of the portfolio, inherent risks, internal and external factors, making recommendations on strategies
  • Drive innovation and automation for business credit risk, design and lead automated strategy to expedite loan origination and renewals, ensuring compliance and risk management standards are met
  • Leverage technology to streamline and drive efficiencies across lending processes
  • Work collaboratively across the Bank (challenging where necessary), identifying and highlighting issues, breaches or control weaknesses
  • Support the Chief Credit Officer in the assessment of lending applications proposed for consideration within Delegated Credit Authorities, and where escalation to the Chief Risk Officer is required

We need you to have

  • A significant track record of successfully leading Credit Risk teams, preferably with knowledge of business lending at a senior level
  • In depth understanding and ability to interpret relevant industry/regulatory rules and guidelines
  • Detailed understanding and knowledge of credit models
  • Strong experience of defining credit strategy, providing strategic input and contribution to a risk management team
  • Gravitas and credibility to positively influence and engage with Executives and Senior Managers

It’s a bonus if you have but not essential

  • Experience of working within an agile environment
  • Experience of business lending, and/or developing business lending credit strategy

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.

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.

Please note that for this role, there are some checks that will need to be completed before starting. These include credit and criminal record checks and; as the role is part of the Senior Manager Regime and Certification Regime, it also requires enhanced pre-employment checks (six years of regulatory references).  The successful applicant will also be subject to periodic employment checks. 

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