Secured Credit Risk Manager

Virgin Money; Manchester; Hybrid; GBP 58,000 - 73,000; Full time

Job summary

A leading financial institution in the UK is seeking a Credit Risk Manager to oversee credit risk reporting and portfolio analysis. This role involves leading a team, managing insights, and influencing mortgage lending strategies. The ideal candidate will have extensive experience in credit risk, strong analytical skills, and the ability to communicate complex findings to senior leaders. Join a company that values innovation and supports flexible working arrangements.

Benefits

38.5 days annual leave

Paid well-being days

20 weeks paid family leave

Private medical cover

Flexible benefits

Qualifications

• Extensive experience in credit risk management.
• Strong knowledge of management information development.

Responsibilities

• Leading a high-performing team and managing credit risk reporting.
• Developing Credit Risk Appetite Statement metrics.

Skills

Analytical Techniques

Stakeholder Management

Communication

Attention to Detail

Tools

SAS

SQL

Job description

Business Unit: Chief Credit Office
Salary range: £58,400 - £73,000 per annum DOE + benefits
Location: UK Flexible
Contract type: Permanent

Our Team

The Secured Credit Risk team plays a pivotal role in shaping and maintaining our retail mortgage credit risk strategy and portfolio management. The Secured Portfolio Performance and Insight team, part of the broader Secured Credit Risk team, is responsible for providing comprehensive credit risk reporting, portfolio insights, arrears, and loss forecasting.

We are seeking a Credit Risk Manager to join our Secured Portfolio Performance and Insight team. The role involves managing credit risk reporting, portfolio analysis, insights, and recommendations. You will influence the mortgage lending business across the credit lifecycle and provide valuable insights to leadership, risk committees, and the wider business.

What you'll be doing

1. Leading and managing a high-performing team, collaborating with stakeholders to deliver impactful credit risk reporting and insights, and coaching team members.
2. Managing deep dive assessments and mortgage credit portfolio insights to identify risks and opportunities, presenting complex findings clearly.
3. Developing Credit Risk Appetite Statement metrics aligned with strategy to ensure a safe and sustainable mortgage portfolio.
4. Monitoring external developments and assessing the Bank's position relative to industry peers.
5. Developing and delivering a quality control capability to ensure high-standard analysis and insights, working with data teams to ensure data quality.
6. Translating business requirements into analytical tasks, guiding analysts in data analysis using SAS and other tools, ensuring accuracy and robustness.
7. Utilising new data sources to enhance insights, working with stakeholders to ensure proper understanding and use of data.
8. Engaging with internal and external stakeholders, presenting findings and proposals effectively, and deputising for senior managers as needed.
9. Driving continuous improvement, process rationalisation, and automation of credit risk MI.

We need you to have

1. Strong knowledge of management information development, portfolio assessment, and analytical techniques.
2. Extensive experience in credit risk, with technical skills in SAS and SQL.
3. Experience leading projects and mentoring analytical professionals.
4. Ability to manage multiple priorities in a fast-changing environment.
5. Proven track record in creating efficient reporting suites and driving improvements.
6. Attention to detail ensuring accurate analytics.
7. Ability to communicate complex credit risk matters clearly to senior leaders.
8. Strong relationship-building and stakeholder management skills.
9. Curiosity and ability to understand trends from first principles.
10. Experience influencing change positively and turning ideas into solutions.

Bonus if you have (not essential)

1. Experience in credit risk portfolio management or strategy.
2. Knowledge of AI/ML in portfolio monitoring.
3. Skills in Python, R, or other data management tools.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave plus options to buy more.
• Up to five extra paid well-being days per year.
• 20 weeks paid family leave for expectant parents and adopters.
• Private medical cover, income protection, and life assurance.
• Flexible benefits including Cycle to Work, wellness assessments, and critical illness cover.

Benefits start from day one.

Interested?

If you're curious about this role, apply soon as we may close the advert early due to high interest. We support flexible working arrangements.

About Virgin Money

We aim to be the UK's best digital bank, with over 180 years of heritage. We focus on innovation, customer satisfaction, and creating memorable experiences. Join us to Live a Life More Virgin, empowering you with choice and flexibility.

Our Culture and Inclusion

We value diversity and inclusion, creating a safe and inspiring environment for all colleagues. We are committed to removing obstacles to inclusion and support reasonable adjustments during the application process.

Legal and Employment Checks

Roles are UK-based, requiring the right to work in the UK. Pre-employment checks include credit, criminal record, and references. Some roles may require additional regulatory checks.