At a Glance
- Tasks: Lead strategic initiatives to enhance credit risk management and operational effectiveness.
- Company: Dynamic credit union focused on innovation and member service.
- Benefits: Competitive salary, comprehensive health insurance, 401(k) match, and tuition reimbursement.
- Other info: Hybrid work environment with opportunities for professional growth and industry engagement.
- Why this job: Make a significant impact on financial strategies and team performance in a leadership role.
- Qualifications: 10+ years in lending or credit risk management with strong leadership skills.
The predicted salary is between 100000 - 150000 £ per year.
Provides executive leadership for the Special Credits function to protect and strengthen the organization’s financial position. This role is accountable for enterprise-wide credit risk mitigation, loss reduction, and recovery optimization, while leading strategic initiatives that improve portfolio performance and operational effectiveness. The Senior Vice President partners closely with senior leadership to develop and execute risk management strategies, ensure regulatory compliance, and uphold a high standard of member service.
Duties And Responsibilities
- Provide strategic leadership to reduce delinquency, mitigate losses, and strengthen recovery performance across the portfolio.
- Direct and optimize Special Credits operations, including third parties, to ensure goals are met, efficiency, regulatory compliance, and sustained organizational performance.
- Provide executive oversight to ensure compliance with all applicable laws, regulations, policies, and procedures governing assigned functions and related credit union activities.
- Champion process innovation, technology adoption, and performance improvement strategies to enhance operational effectiveness and team productivity.
- Provide oversight of complex credit matters, including bankruptcies, repossessions, and legal recovery actions, to support effective resolution and risk mitigation.
- Evaluate industry trends, regulatory developments, and emerging best practices to guide strategic decision-making and operational priorities.
- Serve as an executive representative of the organization in professional, trade, and community associations to strengthen industry relationships and organizational visibility.
- Lead execution of the credit union’s business plan within assigned areas of responsibility to achieve strategic and operational objectives.
Qualifications
- Education: Bachelor’s degree preferred. Advanced training in collections, credit risk, or delinquency management is also preferred.
- Creditable Experience in Lieu of Education: Minimum of 10 years of experience in lending, collections, or credit risk management, including expertise in consumer collections and delinquency management, loss mitigation and recovery strategies, legal processes such as bankruptcy, repossession, and litigation, and regulatory compliance. Minimum of 8 years of progressive leadership experience is required.
- Experience/Skills: Demonstrated success leading high‑performing teams and delivering measurable results in a complex operational environment. Strong strategic thinking, sound judgment, effective decision‑making, and exceptional communication and negotiation skills are required. Proven ability to reduce losses, improve operational performance, and lead organizational change is essential.
Compensation
In accordance with our Salary Administration policy, competitive compensation will be based on relevant experience and qualifications.
Benefits
- Short‑term and long‑term incentives
- Comprehensive medical, dental and vision insurance plan that has HSA and FSA options
- 401(k) plan with a 5% match
- Employee Assistance Program (EAP)
- Life and disability coverage
- Voluntary cash benefits for accident, hospitalization and critical illness
- Tuition Reimbursement
- Generous leave programs to include Paid Time Off accrual, Paid Sick Leave, Paid Holidays
Equal Opportunity Employer
Senior Vice President Special Credits employer: Global Credit Union
As a Senior Vice President Special Credits, you will join a forward-thinking organisation that prioritises employee growth and innovation within a supportive hybrid work environment. Our commitment to comprehensive benefits, including competitive compensation, extensive health plans, and generous leave policies, ensures that our team members are well taken care of while they lead strategic initiatives that enhance our financial stability and member service excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Vice President Special Credits
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Global Credit Union. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Vice President Special Credits
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Global Credit Union.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Global Credit Union's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Global Credit Union
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Global Credit Union.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Global Credit Union will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Global Credit Union employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
