At a Glance
- Tasks: Provide regulatory advice and guidance on credit risk and model governance.
- Company: Join the dynamic team at Very, a leading digital retailer.
- Benefits: Enjoy flexibility, great perks, and opportunities for personal growth.
- Other info: Embrace diversity and inclusion in a supportive workplace culture.
- Why this job: Make a real impact on customer outcomes in a fast-paced environment.
- Qualifications: Strong knowledge of FCA regulations and experience in consumer credit.
The predicted salary is between 49500 - 60500 £ per year.
About us
We're the team behind digital retailer Very. Our purpose, helping families get more out of life, powers everything we do. And we want our people to get more out of life too! If you're high-performing, ambitious and make the most of every opportunity, we want to hear from you. In return, you'll enjoy heaps of flexibility, great perks and benefits, and the freedom to be yourself, keep learning and take your career wherever you want it to go. If you love making a difference, you'll love making it sparkle for millions of Very customers.
About the role
This is an exciting opportunity to join our successful compliance team, in a fast-paced and constantly evolving environment. You will be responsible for providing regulatory advice and guidance across credit risk and model governance. Drawing on your experience and understanding of consumer financial services regulation, you will support the business to deliver compliant, effective policies, controls and strategies that deliver fair customer outcomes. Working closely with the leadership team, you will provide clear, pragmatic advice aligned to regulatory expectations, with a particular focus on credit risk, customer outcomes and model governance.
Key Responsibilities
- Provide second line oversight and challenge across credit risk strategies, ensuring decisions are aligned to regulatory expectations and deliver fair customer outcomes.
- Support the development, review and ongoing enhancement of credit risk and model governance policies, standards and frameworks.
- Provide expert advice and guidance on credit risk activity including lending, affordability, customer management and collections, with a focus on Consumer Duty.
- Review and challenge credit risk proposals and strategy changes through governance forums, ensuring appropriate controls, testing and monitoring are in place.
- Monitor key credit risk themes such as persistent debt, minimum payment behaviours and long‑term indebtedness, identifying emerging risks and supporting appropriate interventions.
- Keep abreast of regulatory policy developments and provide insight on regulatory change impacting credit risk, model governance and associated controls.
- Complete impact assessments and gap analysis to support the implementation of regulatory change and continuous improvement of the control environment.
- Support the business in the identification, remediation and resolution of issues arising across credit risk and model governance activities.
- Provide advice and support to the Line of Business, alongside assurance on the adequacy and effectiveness of policies and controls in delivering fair customer outcomes.
- Promote appropriate awareness and understanding of compliance, embedding a strong risk and control culture across credit risk and wider business teams.
- Maintain appropriate and independent oversight, asking probing questions to ensure regulatory risks are appropriately identified, understood and addressed.
About you
In this business‑critical role, you will have strong knowledge of the FCA's rules and regulations, including CONC and wider consumer credit requirements. Experience within a consumer credit environment is highly desirable, particularly across credit risk or model governance. You will be passionate about regulation and focused on delivering good customer outcomes, consistently identifying opportunities for improvement and innovation within policies and controls. You will be commercially aware, structured and methodical in your approach, with strong analytical capability to assess complex risk and regulatory issues. You will be confident challenging stakeholders and translating regulation into practical, business‑focused solutions. You will possess excellent communication skills, with the ability to engage and influence a wide range of stakeholders across both technical and non‑technical teams. Within this role, you will work closely with credit risk, product and technology teams in a fast‑paced retail environment, requiring resilience, adaptability and a proactive mindset to thrive.
Diversity, inclusion and equal opportunities
We're building a culture of everyday inclusion, and welcome applications from anyone who believes they can do the job. We don't discriminate based on age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, or sexual orientation. We want our recruitment process to be accessible to everyone. If you need reasonable adjustments to apply, interview, or perform a role, let us know via talentacquisition@theverygroup.com. We'll be happy to support you. We're proud to be a Disability Confident Committed Employer and have nine brilliant colleague networks - including DAWN (Disability Awareness at Very) and Think (Neurodiversity at Very) - that are helping us make Very an even more inclusive place to work.
Senior Compliance Manager - Credit Risk Policy employer: The Very Group
The Very Group is an exceptional employer located in the vibrant city of Liverpool, offering a dynamic work culture that fosters creativity and collaboration. With a strong emphasis on employee growth, you will have access to flexible working arrangements, a competitive bonus structure, and a range of additional benefits that enhance your overall well-being. Join us to be part of a forward-thinking team where your contributions to knowledge management will make a meaningful impact.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Compliance Manager - Credit Risk Policy
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like The Very Group looking for candidates who are engaged and informed.
We think you need these skills to ace Senior Compliance Manager - Credit Risk Policy
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at The Very Group. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at The Very Group
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with The Very Group’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
