Secured Credit Risk Manager

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

Job summary

Join a leading digital bank as a Credit Risk Manager in the Secured Portfolio Performance and Insight team. You will manage credit risk reporting and analysis, influencing the mortgage lending business. This role offers flexibility and a chance to shape credit risk strategies while working in a supportive environment that values diversity and inclusion.

Benefits

38.5 days annual leave

Extra paid well-being days

20 weeks paid family leave

Private medical cover

Flexible benefits

Qualifications

• Extensive experience in credit risk and MI development.
• Proven track record in creating efficient reporting suites.
• Ability to communicate complex insights clearly.

Responsibilities

• Leading a high-performing team to deliver impactful credit risk reporting.
• Managing assessments and insights on mortgage credit portfolios.
• Developing metrics aligned with strategy for portfolio development.

Skills

Analytical techniques

Leadership

Relationship-building

Attention to detail

Curiosity

Tools

SAS

SQL

Python

R

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. It offers the opportunity to influence the mortgage lending business across the credit lifecycle and provide valuable insights to risk leadership, 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 understand risks and opportunities, presenting complex findings clearly.
3. Developing Credit Risk Appetite Statement metrics aligned with strategy to ensure safe portfolio development.
4. Monitoring external developments and assessing the Bank's position relative to industry peers.
5. Developing and delivering quality control capabilities to ensure high-standard analysis and insights, working with data teams and ensuring data integrity.
6. Translating business requirements into analytical tasks, guiding analysts in data analysis using SAS and other tools, ensuring accuracy.
7. Identifying and utilizing new data sources to enhance insights, working with stakeholders to ensure proper data understanding and usage.
8. Engaging with internal and external stakeholders, deputising for senior managers, and presenting findings effectively.
9. Driving continuous improvement, process rationalization, and automation of credit risk MI.

We need you to have

1. Strong knowledge of MI development, portfolio assessment, and analytical techniques.
2. Extensive experience in credit risk, with technical skills in SAS and SQL.
3. Leadership experience in projects, guiding analytical teams, coaching, and mentoring.
4. Ability to manage multiple priorities in a fast-changing environment.
5. Proven track record in creating efficient reporting suites and driving portfolio management improvements.
6. Exceptional attention to detail for accurate analytics.
7. Ability to communicate complex credit risk insights clearly to senior leaders.
8. Strong relationship-building skills across various stakeholders.
9. Curiosity and analytical mindset to uncover trends from first principles.
10. Experience in influencing change positively and turning ideas into practical solutions.

It's a bonus if you have but 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, gender-neutral family leave.
• Private medical cover, income protection, and life assurance.
• Flexible benefits including Cycle to Work, wellness assessments, and critical illness.

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.

About Virgin Money

We're transforming into the UK's best digital bank, with over 180 years of heritage. Our purpose is 'Making You Happier About Money,' and we strive to innovate and create memorable experiences for our customers. Join us and Live a Life More Virgin, with flexibility and choice in how you work.

Inclusivity and Support

We value diversity and inclusion, committed to creating a safe and inspiring environment. We support reasonable adjustments for applications. Note that in high-volume applications, some candidates may not be interviewed.

Legal and Compliance

Roles are UK-based, with checks including credit, criminal record, and references. Some positions require additional regulatory checks.