Business Credit Risk Senior Specialist

Virgin Money; Glasgow; Remote; GBP 48,000 - 57,000; Full time

Job summary

A leading financial institution is seeking a Senior Specialist in Credit Risk to innovate and enhance their lending strategy. This role involves transforming portfolio assessments, implementing monitoring methods, and providing insights to stakeholders. The ideal candidate will have strong technical skills in SAS, Python, R, and SQL, along with proven experience in credit risk analysis and portfolio management. Competitive salary and generous benefits package offered.

Benefits

38.5 days annual leave

Paid well-being days

Gender-neutral family leave

Market-leading pension

Private medical cover

Flexible benefits

Qualifications

• Proven experience in a credit risk environment.
• Strong technical skills in SAS, Python, R, SQL.
• Experience in business credit risk modelling and analytics.

Responsibilities

• Transforming assessment of business lending portfolio performance.
• Implementing monitoring methods to identify trends and drive efficiency.
• Providing insights and oversight regarding credit quality.

Skills

SAS

Python

R

SQL

Credit Risk Analysis

Portfolio Management

Job description

Business Unit: Chief Credit Office, Credit Risk.
Salary range: up to circa £57,000 per annum DOE + benefits
Location: UK Flexible
Contract type: Permanent

Our Team

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

What you'll be doing

1. Transforming how we assess the performance of the business lending portfolio from a credit risk perspective.
2. Implementing new monitoring methods to identify trends, strengths, and weaknesses, driving efficiency and automation.
3. Providing actionable insights, oversight, and challenge regarding the credit quality of the portfolio to internal and external stakeholders, including senior committees and regulators.
4. Leading deep dives and assessments of portfolio composition and asset quality, engaging with teams as needed.
5. Identifying new data sources to enhance insight quality, collaborating with stakeholders to ensure proper provisioning.
6. Supporting the development of Credit Risk Appetite metrics, limits, and triggers, ensuring effective engagement across all levels of risk management.
7. Promoting continuous improvement, streamlining processes, and addressing complexity in portfolio management.
8. Supporting the Credit Risk Manager in managing the business lending portfolio.

We need you to have

1. Proven experience in a credit risk environment with strong technical skills in SAS, Python, R, SQL, or similar tools.
2. Experience creating efficient reporting suites that improve portfolio management.
3. Ability to communicate complex credit risk matters clearly to senior leaders.
4. Exceptional attention to detail ensuring accuracy and robustness.
5. Curiosity and an inquisitive mindset to analyze trends from first principles.
6. Proven ability to influence positively and collaborate effectively to implement solutions.
7. Experience building trusted relationships with stakeholders internally and externally.
8. Experience in business credit risk modelling and analytics.

It's a bonus if you have but not essential

1. Experience in business lending within an IRB environment.
2. Knowledge of Risk Management disciplines and the three lines of defence model.

Red Hot Rewards

1. Generous holidays - 38.5 days annual leave plus options to buy more.
2. Up to five paid well-being days per year.
3. 20 weeks paid, gender-neutral family leave (total 52 weeks).
4. Market-leading pension, private medical cover, income protection, and life assurance.
5. Flexible benefits including Cycle to Work, wellness assessments, and critical illness coverage.

Benefits start from day one.