Risk Manager - Secured Credit Risk

Here at Nationwide we put our members at the heart of everything we do and every role, no matter what it’s doing, has a part to play in this. The Secured Credit Risk team is responsible for managing the asset quality of the Society’s mortgage portfolios, which includes designing effective new lending strategies, managing the credit quality of the portfolios and providing specialist credit risk advice to the business. The team use their analytical skills and experience to provide insight that helps our business directors make informed decisions. After all, the decisions we make in terms of who we lend to can affect our growth and our members.

We now have an exciting opportunity to join our Buy-to-Let mortgage portfolio team to help us drive and enhance our credit risk capabilities.

So, if you have a passion for doing the right thing in the right way for our members and want to join the mortgage team of the country’s largest Building Society then this may be the role for you.

We are happy to consider flexible working approaches to help you perform at your best.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you\’ll spend at least two days per week, or if part time you\’ll spend 40% of your working time, based at either our Swindon or Bournemouth office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

Your job will include providing stakeholders with valuable insight into the changing credit risks within Buy-to-Let mortgage portfolio, making recommendations to improve lending strategy and coaching and developing a team of SAS analysts who analyse credit risk data.

You’ll be involved in:

1. Using this insightful analysis to design and support the implementation of effective and robust credit strategies
2. Evolving our credit control and portfolio management approach to support the growth of our mortgage portfolios
3. Innovating to utilise new data sources to improve processes and increase the automation of the customer journey
4. Ensuring that insightful and data driven management information and analysis is produced and emerging risks are identified
5. Coaching SAS analysts, driving and delivering data-driven insights into the mortgage portfolios
6. Managing stakeholder relationships and representing Credit Risk at internal and external meetings, influencing decisions where necessary
7. Providing expert advice to business partners and designing pragmatic solutions that support financial plan whilst ensuring our lending stays within risk appetite
8. Our workload is highly varied requiring strong organisational skills to reprioritise your own and others workload at short notice
9. Diligently reviewing regular reporting to ensure accuracy
10. Ensuring all Governance requirements are met and periodically reviewed

However you undertake your work, the purpose will always be the same – your role will be to provide insightful analysis which enables the Society to make good decisions for our members.

About you

As a minimum requirement, you\’ll have experience of:

1. Buy-to-Let acquisition strategies and approaches to underwriting
2. Using statistical and analytical tools (ideally SAS) and working with large datasets
3. Innovating to find solutions to problems and/or efficiency improvements
4. Producing insightful analytics and using this to design effective and robust credit strategies
5. Supporting analysts in a Credit Risk function

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

1. Say it straight – This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
2. Push for better – This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
3. Get it done – This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

1. A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
2. Up to 2 days of paid volunteering a year
3. Life assurance worth 8x your salary
4. A great selection of additional benefits through our salary sacrifice scheme
5. Wellhub – Access to a range of free and paid options for health and wellness
6. Access to an annual performance related bonus
7. Access to training to help you develop and progress your career
8. 25 days holiday, pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.

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