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For Companies At a Glance
- Tasks: Lead credit risk strategies for loans and credit cards, optimising profitability and customer outcomes.
- Company: Join Vanquis, a leading specialist bank empowering over 1.75 million customers since 1880.
- Benefits: Enjoy flexible working, 25-30 days holiday, private medical insurance, and a discretionary bonus.
- Why this job: Be part of an innovative culture that values your input and supports your career growth.
- Qualifications: Expertise in credit risk lending strategies and strong leadership skills required.
- Other info: Hybrid working model with opportunities for personal development and community volunteering.
The predicted salary is between 48000 - 72000 £ per year.
Contract Type: Permanent / Full-time
Location: Bradford, Petersfield or London. Occasional travel to other offices may be required.
Working Pattern: Hybrid - typically 1 day a week in the office. Part-time or flexible arrangements are considered to support work-life balance.
What We Offer:
- Holidays: 25 days holiday up to 30 days (depending on service)
- Pension: We will contribute up to 10%
- Maternity/Paternity: Enhanced maternity and 4 weeks paternity leave
- Volunteering: 2 paid days to 'give back' to the charity of your choice
- Development: LinkedIn Learning for all
- Medical: Opportunity to opt in for Private Medical Insurance
- Bonus: Discretionary annual bonus
The Role:
As our Senior Credit Risk Manager, you will be responsible for leading the evolution of the credit risk existing new business strategies for Credit Cards, Loans and Vehicle Finance. Implementing industry best practice on credit risk and affordability assessments, credit line management, risk vs reward profitability modelling to capture market share, grow receivables, optimise profitability and deliver good customer outcomes.
As a Senior Credit Risk Manager, you will:
- Deputise for the Head of Credit Risk Strategies and is the direct succession plan.
- Lead and role model for the wider strategy function on credit risk analysis, NPV modelling and influence across Commercial, Finance and the wider business.
- Drive the optimisation of lending decisions through test and learn initiatives to identify champion strategies for existing customers.
- Establish a credit risk framework - incorporating risk monitoring and feedback processes - to ensure appropriate decisioning for both customers and the business within the Group's risk appetite.
- Investigate and develop new data sources including open banking data to be used for analysis and decisioning.
- Influence stakeholders across the Group - ranging from peers to Senior Management - to gain buy-in and support to deliver change as required.
- Support business growth and portfolio profitability - ensuring a balance between risk, reward and responsible lending - while controlling credit quality and performance.
- Provide colleagues with opportunities to succeed, devoting dedicated time to empowering people through coaching, mentoring and sharing expertise and knowledge.
- Be responsible for building an innovative culture within the department by exploring and implementing cutting-edge techniques and methodologies to enhance decision-making.
What We're Looking For:
- Industry expert in Credit Risk lending strategies.
- Leadership - Proficient in leading an analytical team, prioritising activities while providing strategic direction and maintaining motivation through coaching and colleague development.
- Strong numerical capability - experience in converting analytical information into a business narrative through strong commercial acumen.
- Communication - ability to articulate complex ideas to stakeholders to influence or persuade, through delivering key messages with impact when required.
- Problem solving - finding innovative ways to address issues or risks identified, or discovering opportunities to enhance existing strategies.
- Keep up to date with latest regulatory and macro-economic developments and trends.
- Focused on customer outcomes and understanding of how strategies can have a wider impact than initially anticipated.
The interview process:
- 30-minute call with Talent Acquisition.
- 90 minute interview with the hiring team.
- Final interview.
Offers are subject to satisfactory background checks, including credit, fraud, and employment references.
Who We Are:
At Vanquis, we have a simple purpose: to deliver caring banking so our customers can make the most of life's opportunities. Established in 1880, we're now a FTSE All Share company and leading specialist bank. We lend responsibly, providing tailored products and services to over 1.75 million UK customers. We take care of our colleagues as well as our customers, working hard to create a rewarding and supportive work environment.
The Benefits:
- Competitive base salary and rewards.
- Private Medical Insurance.
- 25 days holiday entitlement, one day accrued for each year of service (max 30 days).
- Defined contribution pension scheme.
- Discretionary bonus scheme.
- Perks at Work - A perks platform of over 30,000 unique discounts.
- Volunteering - 2 paid days to support a charity of your choice.
- Flexible, hybrid, & dynamic working policies.
- Personal & career development opportunities.
- Monthly and Quarterly Colleague Socials.
- Discounted gym membership.
- BUPA GP Service.
Senior Credit Risk Manager, New Business Strategies employer: Vanquis Bank
Contact Detail:
Vanquis Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Manager, New Business Strategies
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management and new business strategies. This will not only help you during the interview but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Prepare to discuss specific examples of how you've successfully led teams or projects in credit risk analysis. Highlighting your leadership experience will be crucial, as this role requires strong team management skills.
✨Tip Number 3
Practice articulating complex ideas clearly and concisely. Since communication is key for this position, being able to convey your thoughts effectively to stakeholders will set you apart from other candidates.
✨Tip Number 4
Research Vanquis Bank's values and culture. Understanding their commitment to responsible lending and customer outcomes will allow you to align your answers with their mission during the interview process.
We think you need these skills to ace Senior Credit Risk Manager, New Business Strategies
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and new business strategies. Use specific examples that demonstrate your leadership skills and numerical capabilities, as these are key requirements for the role.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and the company. Discuss how your background aligns with their mission of delivering caring banking and how you can contribute to their innovative culture.
Highlight Relevant Skills: Emphasise your problem-solving abilities and experience in influencing stakeholders. Provide examples of how you've successfully led teams or projects in the past, particularly in the context of credit risk and lending strategies.
Prepare for Interviews: Research common interview questions for senior credit risk positions and prepare your responses. Be ready to discuss your approach to risk management and how you stay updated on regulatory and macro-economic trends.
How to prepare for a job interview at Vanquis Bank
✨Showcase Your Leadership Skills
As a Senior Credit Risk Manager, you'll need to demonstrate your ability to lead and motivate an analytical team. Prepare examples of how you've successfully guided teams in the past, focusing on your strategic direction and coaching methods.
✨Communicate Complex Ideas Clearly
You'll be required to articulate complex credit risk strategies to various stakeholders. Practice explaining your previous projects or strategies in simple terms, highlighting your ability to influence and persuade others effectively.
✨Demonstrate Problem-Solving Abilities
Be ready to discuss specific challenges you've faced in credit risk management and how you approached them. Highlight innovative solutions you've implemented and the positive outcomes that resulted from your actions.
✨Stay Updated on Industry Trends
Familiarise yourself with the latest regulatory and macro-economic developments in credit risk. Showing that you're knowledgeable about current trends will demonstrate your commitment to the role and your proactive approach to risk management.
