Strategic Analytics Manager

Vanquis Bank; Chatham; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

Vanquis Bank is seeking a Commercial Analytics Manager to drive growth in the Vehicle Finance sector. The successful candidate will shape analytical frameworks, enhance product offerings, and ensure customer-driven outcomes. This hybrid role emphasizes collaboration across teams and requires strong stakeholder engagement to optimize profitability and manage performance.

Benefits

Discretionary annual bonus

25 to 30 days holiday

Pension scheme with matched contributions

Training and development opportunities

Flexible working arrangements

Qualifications

• Experience managing a Lending P&L.
• Strong understanding of consumer lending, especially non-prime/digital.
• Exceptional quantitative skills in credit analytics.

Responsibilities

• Lead formulation of a commercial analytical framework.
• Optimize new business portfolio profitability.
• Work closely with Sales and Product Management teams.

Skills

Quantitative Analysis

Stakeholder Engagement

Communication

Collaboration

Education

Degree in a Technical Discipline

Job description

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Location: London, Petersfield, Bradford, Chatham

Closing Date: Friday 08 November 2024

We’re Vanquis Banking Group plc, a 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.

Lending responsibly and acting responsibly has always been at the centre of everything we do. What’s more, helping to aid financial inclusion and social mobility for our customers and the communities they live in, is a big part of why we’re here.

We offer credit cards and loans as Vanquis, Vehicle Finance as Moneybarn and through the award-winning fin-tech brand Snoop, our group provides people with a free credit score and personalised insights to help them better manage and understand their finances. All our credit products are delivered online and are built with customer flexibility in mind. We have a great team of colleagues working in our call centres and offices to support our customers and the development of more products to help meet their needs.

Our purpose is simple: to deliver caring banking so our customers can make the most of life’s opportunities.

Reporting to the Senior Manager, Pricing and Portfolio Management, this role will help shape the commercial management of the Vehicle Finance business, driving profitable growth across our target market.

You will be pivotal in driving a more analytically led approach to support the transformation of the Vehicle Finance business, using internal / external data and insight to drive channel and portfolio optimisation and evolution of product / pricing strategy, whilst driving good customer outcomes. This role will also be central to shaping and defining how we develop the right data infrastructure within Gateway to facilitate the analytical requirements of the commercial team.

An ability to work effectively with multiple cross-functional stakeholders is required.

Key Responsibilities

• Lead the formulation of a robust commercial analytical framework to understand and manage the key drivers of the Vehicle Finance product / portfolio performance

• Optimise new business portfolio profitability to balance volume growth with unit returns, ensuring that we deliver good customer outcomes

• Gathering and analysing sufficient range of internal and external reference points/data and benchmarks to identify opportunities to drive commercial value and continuous improvement

• Work closely with the Sales team to monitor market movements to ensure competitiveness of the product range and drive change, identifying and leveraging new data sources where possible

• Identify opportunities to optimise conversion for new to Group and existing customers

• Work closely with the Product Management team to support the creation and enhancement of Vehicle Finance products and services ensuring they meet consumer needs and stay ahead of market demands

• Establish and maintain strong relationships across finance, credit risk and data and analytics to ensure pricing models are fit for purpose and assumptions appropriately reflect current performance and achieve target returns.

• Support VBG core values and risk culture – becoming the champion of our customers

• Coach, mentor and support development of other members of the product management team

• Develop a network and work collaboratively across the Group to contribute to the culture and deliver against the Group’s objectives

• Be a strong member of the Commercial leadership team – deputising for the Senior Manager, Commercial Management and Pricing when required.

What you bring to the team

• Experienced Commercial Analytics Manager, who has been part of a team focused on management of a Lending P&L

• Strong understanding of consumer lending, preferably the non-prime /digital lending sector

• Exceptional quantitative skills, with a strong foundation in credit analytics and portfolio management. Able to resolve complex business problems in a logical and persuasive way for the good of the customer and business

• Proven strong stakeholder engagement and collaboration skills – achieved in a remote, matrix organisation

• Excellent communication skills and presentation skills to Director level– being articulate about the strategy and plan, inspire confidence, credibility and influence at all levels across the business

• Understanding of corporate governance frameworks and the requirements of an FCA/PRA regulated business

• Sound judgment and ability to operate independently and objectively

• Educated to degree level or higher within a technical discipline or equivalent experience

Benefits: 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 competitivesalaries, discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 1 paid day to ‘give back’ benefits, and a Group wide recognition scheme. All colleagues are eligible to join a pension scheme, and, after six months’ service, youcan join our ‘Save as you Earn’ and 'Buy as you Earn' schemes.

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

Working Pattern: Our working style is hybrid, but we recognise the importance of

collaborative working with our working with our colleagues often 2 days per week in one of our offices . More office-based working may be required during project rollouts or when we have a higher number of users in the office.

What to expect next: 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.

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, martial 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, its 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.