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- Tasks: Lead credit risk strategies and innovate using open banking data.
- Company: Join Vanquis Banking Group, a caring lender with 1.75 million customers.
- Benefits: Enjoy hybrid work, generous holiday, bonuses, and health perks.
- Why this job: Make a real impact on responsible lending while growing your career.
- Qualifications: Experience in lending strategies and knowledge of regulatory environments required.
- Other info: Flexible interview process and part-time options available.
The predicted salary is between 43200 - 72000 £ per year.
Senior Credit Risk Manager – Responsible Lending and Open Banking
Location: Petersfield, Bradford, Chatham, London
Salary:
Closing Date: Tuesday 12 November 2024
Senior Credit Risk Manager – Responsible Lending and Open Banking
Location: London, Bradford, Chatham or Petersfield
Working Pattern: Our working style is hybrid, but we recognise the importance of collaborative working with our colleagues often 1 to 3 days per week in one of our offices
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:
What will make you stand out?
The interview process:
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, 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, 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.
Senior Credit Risk Manager - Responsible Lending and Open Banking employer: Vanquis Bank
Contact Detail:
Vanquis Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Manager - Responsible Lending and Open Banking
✨Tip Number 1
Familiarise yourself with the latest trends in open banking and responsible lending. Understanding how these concepts are evolving will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals in the credit risk and open banking sectors. Attend industry events or join relevant online forums to connect with others, as personal referrals can significantly boost your chances of landing an interview.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented responsible lending strategies in the past. Highlighting your practical experience will show that you can lead initiatives effectively and drive innovation.
✨Tip Number 4
Research Vanquis Banking Group's values and recent projects. Tailoring your conversation to align with their mission and demonstrating your enthusiasm for their work culture can make a strong impression during the interview process.
We think you need these skills to ace Senior Credit Risk Manager - Responsible Lending and Open Banking
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in responsible lending strategies and open banking data. Use specific examples that demonstrate your skills in developing scorecards and affordability assessments.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention how your unique strengths align with their mission to serve underserved customers and drive innovation in credit strategies.
Highlight Relevant Experience: In your application, emphasise any previous roles where you led teams or developed credit strategies. This will show your capability to influence cross-functional teams and support business growth while managing risk.
Prepare for Interviews: Research common interview questions related to credit risk management and be ready to discuss your approach to using alternative data sources. Familiarise yourself with the regulatory and macroeconomic environments relevant to the role.
How to prepare for a job interview at Vanquis Bank
✨Understand the Role
Make sure you have a clear understanding of the responsibilities of a Senior Credit Risk Manager, especially in relation to responsible lending and open banking. Familiarise yourself with the company's approach to these areas and be ready to discuss how your experience aligns with their goals.
✨Prepare for Technical Questions
Expect questions about developing scorecards and affordability assessments, as well as your knowledge of regulatory environments. Brush up on relevant regulations and be prepared to discuss how you've applied this knowledge in past roles.
✨Showcase Leadership Skills
Since the role involves leading a team, be ready to share examples of how you've successfully built and managed high-performing teams. Highlight your ability to drive innovation and influence cross-functional teams in your previous positions.
✨Demonstrate Cultural Fit
Vanquis Banking Group values diversity and a supportive environment. Be prepared to discuss how you can contribute to this culture and share any experiences that demonstrate your commitment to inclusivity and community engagement.
