Senior Credit Risk Manager - Responsible Lending and Open Banking

Vanquis Bank; Bradford; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading specialist bank in Bradford seeks a Senior Credit Risk Manager to enhance credit strategies using open banking data. The role involves leading a cross-functional team to optimize lending policies and engage with customers. Significant experience in responsible lending and analytical strategizing is essential. This position offers a dynamic environment for fostering innovation in credit risk management.

Benefits

Discretionary annual bonus

25 days holiday up to 30 days

Pension scheme with matched contributions

Private Medical Insurance

LinkedIn Learning access

Qualifications

• Proven expertise in developing responsible lending strategies.
• Strong analytical skills and experience in open banking data utilization.
• Ability to inspire a team and provide strategic direction.

Responsibilities

• Lead the evolution of using alternative data in credit risk strategies.
• Develop and implement effective lending policies using open banking.
• Engage effectively with customers throughout the lending journey.

Skills

Expert in developing responsible lending strategies

Expert in the use of open banking data

Extensive experience in developing scorecards and strategy rules

Inspiring the analytical team

Familiar with regulatory landscapes

Job description

Senior Credit Risk Manager - Responsible Lending and Open Banking

Location: London, Bradford, Chatham or Petersfield

Salary :

Closing Date: Tuesday 12 November 2024

Benefits:

Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 2 paid days to ‘give back’, enhanced maternity pay (once successfully passing probation), 4 weeks paid paternity, LinkedIn Learning for all, Snoop Premium, Private Medical Insurance

Don’t hesitate to apply for a role even if you don’t meet all the criteria; your unique strengths and eagerness to learn can be just as valuable.

You and Your Team

As a Senior Credit Risk Manager – Responsible Lending and Open Banking, you will be reporting to the Head of Credit Risk Strategies.

In this role you will lead the evolution of using alternative data sources within our affordability and credit risk strategies for Loans, Vehicle Finance and Credit Cards. You will be pivotal in establishing thought leadership within the UK industry on the use of open banking transactional data, enabling us to provide credit to the underserved, capture market share, grow receivables, optimise profitability and deliver good customer outcomes.

In your day-to-day role, as a Senior Credit Risk Manager – Responsible Lending and Open Banking you will :

• Lead and role model for the wider strategy function on innovative and entrepreneurial spirit, influencing across Tech and Change, Data and Analytics, Commercial, Finance, and the wider business.
• Lead the cross-functional team focused on building out our credit strategy for lending policy, particularly optimizing the use of open banking in affordability and responsible lending decisions.
• Coordinate projects aimed at achieving an ambitious future vision to change lending for the better.
• Ensure effective engagement with customers at different points in the lending journey.
• Create innovative ways to look at the data ‘value exchange’ throughout the customer onboarding process.
• Build, lead, and develop a team of high-performing individuals.
• Drive the optimization of lending decisions through test and learn initiatives to identify champion strategies for both new and existing customers.
• Influence stakeholders across the Group, from peers to Senior Management, to gain buy-in and support for delivering change.
• Support business growth and portfolio profitability by balancing risk, reward, and responsible lending.
• Provide colleagues with opportunities to succeed through coaching, mentoring, and sharing expertise and knowledge.

What will make you stand out?

• Expert in developing responsible lending strategies as part of a Credit Risk function.
• Expert in the use of open banking data.
• Extensive experience in developing and implementing scorecards, strategy rules, and affordability assessments.
• Inspire the analytical team, prioritising activities and provide strategic direction.
• Familiar with the existing regulatory and economic landscapes, with working knowledge of CONC obligations and an overview of wider macro-economic environment and trends.

The interview process

• Up to 30 minute telephone call with a member of the Talent Acquisition team
• Up to 1 hour with the hiring team – via MS Teams
• Final interview with the wider Credit Risk team

Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

Your working life

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.

Why work for us?

We’re Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop. Our purpose is simple : to deliver caring banking so our customers can make the most of life’s opportunities.

At Vanquis Banking Group we believe in looking after our colleagues, so we do our best to create a rewarding, engaging, and supportive work environment across our various divisions.

We let our colleagues know we appreciate their hard work by offering competitive salaries, benefits, and a Group wide recognition scheme. All colleagues are eligible to join a pension scheme, and, after six months’ service, you can join our 'Buy as you Earn' schemes.

We offer a range of training and development opportunities to help each of our colleagues maximise their potential, whatever their role. From your first day working with us, we’ll help you settle into your new role and are happy to talk to you about your career aspirations.

Equal Opportunity Statement

Here at Vanquis Banking Group, we embrace everyone’s unique strengths and identities to be themselves at work. Regardless of how you identify yourself, your sexual orientation, marital or civil partner status, race, colour, nationality, ethnic or national background, faith, disability, or age – your experiences and background help enrich our teams, and most importantly help support our customers in the best way possible. At the end of the day, it's our people that help us to fulfil the reason why we’re here in the first place : to help put people on a path to a better everyday life.