Senior Analyst Unsecured

Business Unit: Risk
Salary range: up to circa £40,000 per annum DOE + red-hot benefits
Location: UK Flexible
Contract type: Permanent

Live for the weekday. Live a life more Virgin.

Our Team

Our Unsecured Financial Insight team sits within the wider Credit Risk function and is responsible for delivering loss forecasts across our Unsecured portfolios. We track both loss and provision movements, using expert knowledge of the credit risk on the portfolio to drive insight and make recommendations on strategies and policies.

As a Credit Risk Senior Analyst you’ll report into the Unsecured Credit Risk Manager, with core responsibilities of producing and collating credit data, producing relevant and insightful management information into the performance of the portfolio and making recommendations to manage the credit quality of the portfolio. Through reviewing the data produced you will have the opportunity to identify themes and trends, collaborating with business stakeholders and subject matter experts to build your knowledge and deliver insight.

What you’ll be doing

• Insight and Analysis: Supporting the Credit Risk Manager by producing meaningful insights and analysis to understand emerging impairment trends across unsecured portfolios.
• Collaboration: Working collaboratively with Commercial, Finance, and Risk colleagues to inform key stakeholders of current and future impairment outlooks.
• Forecasting: Regularly refreshing unsecured loss curves, using emerging and historic trends to generate forecasts aligned with current new business expectations.
• Corporate Planning: Supporting annual corporate planning by producing long-term arrears and provision trends in line with balance sheet and account run-rate forecasts.
• Process Improvement: Reviewing existing internal processes and reporting outputs, identifying weaknesses and implementing improvements with a focus on simplification, efficiency, and accuracy to maintain regulatory compliance.
• Strategy Support: Providing support to Credit Strategy owners by producing impact analysis for proposed strategy revisions to determine the implications on expected credit losses.
• Governance: Maintaining internal governance frameworks, policies, and regulatory guidelines, ensuring they are embedded in the business to promote good risk practices.

We need you to have

• Prior experience working in a similar analytical role, with a good understanding of a Credit Risk function.
• Advanced skills within data mining, manipulation, and summarisation (e.g. SAS, SQL, R, power BI or similar).
• Strong communication skills, enabling you to build networks and relationships with internal parties and be a team player.
• Good understanding of data structure and Credit Risk strategies.
• Confidence to raise new ideas or insight from your experience to ultimately influence the business focus.
• Clear understanding of what “looks right” and can accurately review and error check their own and others analysis.

It’s a bonus if you have but not essential

• Prior experience in forecasting future outlooks, making use of historic and emerging trends.
• Experience working with model frameworks used within Credit Risk functions (IFRS9, Basel etc.).
• Understanding of the Legal and Regulatory framework and agenda, and operations of Risk and the wider business.

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? 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, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. 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 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
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.