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- Tasks: As a Credit Risk Analyst, you'll analyse data to enhance acquisition strategies and support credit reporting.
- Company: Join Vanquis Banking Group, a respected FTSE All Share company with a focus on responsible lending.
- Benefits: Enjoy a hybrid work model, 25-30 days holiday, a pension scheme, and access to LinkedIn Learning.
- Why this job: Be part of a team that values your unique strengths and offers opportunities for personal and professional growth.
- Qualifications: A degree in a numerate subject and experience in credit analytics are essential for this role.
- Other info: Flexible working arrangements available; background checks required due to the regulated environment.
The predicted salary is between 28800 - 48000 £ per year.
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Location: London/Bradford/Petersfield/Chatham
Closing Date: Monday 11 November 2024
Location: London, Bradford, Chatham or Petersfield
We are happy for you to be based in Bradford, Chatham or Petersfield but please note that occasional travel will be required to our other offices.
Working Pattern: Our working style is hybrid, with 1 to 3 days per week in our offices to promote collaboration.
Benefits: Discretionary annual bonus, 25-30 days holiday (depending on service), pension scheme with up to 10% matched contributions, 1 paid day to ‘give back’, LinkedIn Learning access.
Don’t hesitate to apply even if you don’t meet all criteria; your unique strengths and eagerness to learn are valuable.
You and Your Team:
The Credit Risk Analyst will use data-driven insights to develop, implement, and optimise acquisition strategies for VBG.
In your day-to-day role, as a Credit Risk Analyst you will:
- Support analytical and data-driven projects.
- Contribute to workflow or process improvements and understand different products and processes.
- Gather and define requirements for insights and communicate findings to management.
- Support credit reporting processes, ensuring full documentation.
- Define data infrastructure requirements for reporting needs.
- Create management information reports, visual dashboards, and KPIs using Power BI or Excel.
Knowledge and expertise:
- Strong quantitative skills with credit analytics experience.
- Understanding of consumer credit, especially in subprime or online lending sectors.
- Knowledge of corporate governance frameworks.
- Effective planning, organisation, and prioritisation skills.
What will make you stand out:
- Ability to present complex problems clearly.
- Excellent communication, influencing, and negotiation skills.
- Independent and objective working style.
- Logical, analytical problem-solving approach.
- Attention to detail and accuracy.
- Degree or equivalent in a numerate, analytical subject.
- Experience in data, reporting, and analytics within credit risk teams.
The interview process:
- Initial 30-minute phone interview with Talent Acquisition.
- 60-minute competency-based interview with the hiring team.
- Final interview with Daniel Betts, Head of Credit Risk.
Our process takes up to 4 weeks but is flexible to your availability. You will speak with our recruitment team throughout.
As the role involves working in a regulated environment, offers are subject to background checks including criminal, credit, fraud, and employment references.
Your working life: We support flexible working arrangements to help you balance commitments or maintain your current flexibility.
Why work for us?
We’re Vanquis Banking Group, an FTSE All Share company, established in 1880, serving 1.75 million UK customers through Vanquis, Moneybarn, and Snoop. We focus on responsible lending and caring banking.
We value our colleagues and offer competitive salaries, benefits, recognition schemes, pension schemes, and development opportunities to help you grow your career.
Equal Opportunity Statement
We embrace diversity and inclusion, welcoming everyone regardless of identity, background, or circumstances. Your unique experiences help us serve our customers better and fulfill our mission to improve lives.
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Credit Risk Analyst employer: Vanquis Bank
Contact Detail:
Vanquis Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk analysis, especially in subprime and online lending sectors. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Practice presenting complex data insights clearly and concisely. You may be asked to explain your analytical findings during interviews, so being able to communicate effectively is key.
✨Tip Number 3
Network with current or former employees of Vanquis Banking Group on platforms like LinkedIn. They can provide valuable insights into the company culture and expectations, which can help you tailor your approach.
✨Tip Number 4
Prepare for competency-based interview questions by reflecting on your past experiences in data analysis and credit risk. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
We think you need these skills to ace Credit Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the Credit Risk Analyst role. Emphasise your quantitative skills, credit analytics experience, and any familiarity with consumer credit, especially in subprime or online lending sectors.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your analytical skills and ability to present complex problems clearly.
Highlight Relevant Skills: In your application, focus on key skills mentioned in the job description, such as effective planning, organisation, and prioritisation. Also, include your experience with data reporting and analytics, particularly using tools like Power BI or Excel.
Prepare for Interviews: Anticipate questions related to your analytical approach and problem-solving skills. Be ready to discuss your previous experiences in credit risk teams and how you can contribute to workflow improvements and credit reporting processes.
How to prepare for a job interview at Vanquis Bank
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Credit Risk Analyst. Familiarise yourself with data-driven insights, credit reporting processes, and the tools mentioned in the job description, such as Power BI and Excel.
✨Prepare for Competency Questions
Since the interview includes competency-based questions, think of specific examples from your past experiences that demonstrate your analytical skills, problem-solving abilities, and how you've contributed to process improvements.
✨Showcase Your Communication Skills
As effective communication is key for this role, practice explaining complex concepts clearly and concisely. Be ready to discuss how you've influenced decisions or negotiated outcomes in previous roles.
✨Research the Company
Learn about Vanquis Banking Group's values, mission, and recent developments. Understanding their focus on responsible lending and caring banking will help you align your answers with their corporate culture during the interview.
