Senior Manager Credit Risk

Virgin Money UK PLC; United Kingdom; Remote; GBP 80,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Manager in Credit Risk to lead portfolio performance and oversight within their Strategic Credit Risk team. This role involves providing insightful analysis and management information to support decision-making at the highest levels. You will be responsible for developing credit risk frameworks and methodologies while fostering a high-performing team. If you are passionate about credit risk and have a proven track record in management, this is a fantastic opportunity to make a significant impact in a dynamic financial services environment.

Qualifications

• Proven track record in senior credit risk management roles.
• Ability to lead teams and influence senior stakeholders effectively.

Responsibilities

• Lead development of credit risk oversight reporting and MI.
• Provide insights to influence strategic credit portfolio decisions.
• Manage a team of specialists to ensure effective credit risk oversight.

Skills

Credit Risk Expertise

Management Information

Data Analysis

Team Leadership

Communication Skills

Strategic Decision Making

Job description

Join to apply for the Senior Manager Credit Risk role at Virgin Money.

We have an exciting opportunity in our Strategic Credit Risk team within Credit Risk. As Senior Manager, Portfolio Performance you will use your Credit Risk expertise to lead the portfolio performance of the Chief Credit Office across all products. Your passion for Management Information and Analytics will drive the ongoing development and delivery of holistic credit risk portfolio oversight, insight and opinion to governance committees. You will work closely with the broader senior Credit Risk team and key stakeholders across the wider business to shape the bank’s future.

What you’ll be doing

• Leading the development and delivery of credit risk oversight reporting, and management information (MI) for internal and external stakeholders, including key committees and regulatory bodies to support the Chief Credit officer, Credit Leadership Team and Boards/ Executive Risk Committees.
• Providing insightful advice and analysis to influence strategic decisions, ensuring the bank's credit portfolio is managed effectively and in line with industry developments and regulatory changes.
• Analysing data and intelligence, including external market and competitors’ information, to identify portfolio trends, hotspots, and opportunities, providing high-quality credit insight and opinion.
• Developing credit risk appetite methodology and framework to ensure safe evolution of the credit risk portfolio aligned with the bank's strategy and regulatory requirements.
• Managing and developing a small team of specialists, fostering a high-performing and motivated team environment.
• Working closely with 1st and 2nd Line of Defence (LOD) stakeholders, internal departments, and external entities to ensure comprehensive credit risk oversight and insight.
• Ensuring compliance with corporate standards, policies, and external legal and regulatory requirements, maintaining a robust risk management framework. Lead regulatory and external returns across the VM Credit Risk Team.
• Develop and implement quality control processes to ensure the accuracy and completeness of credit risk analysis and reporting.

We need you to have

• Substantial credit risk expertise. A proven track record in various senior credit risk management positions across the Credit Lifecycle including evaluating Credit performance, portfolio management and strategies.
• The proven ability to lead with purpose and inspire your team to achieve exceptional results.
• Strong ability to condense and simplify complex information to brief and influence senior stakeholders both written and verbal.
• The capability to turn ideas into practical solutions in a collaborative manner, effectively managing multiple priorities in a fast-changing environment.

It’s a bonus if you have but not essential

• Retail credit and Business credit experience.
• Strong understanding of 3 Lines of Defence Model and Risk Management Principles.
• Strong knowledge of regulatory frameworks and experience of PRA and FCA engagement.

Applications Close: 21 Mar 2025 (4.00pm GMT)

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Management

Industries

Financial Services and Banking