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- Tasks: Lead innovative credit risk strategies using open banking data to enhance responsible lending.
- Company: Join Vanquis, a leading specialist bank with a strong commitment to responsible lending since 1880.
- Benefits: Enjoy flexible working, competitive salary, 25-30 days holiday, and opportunities for workations.
- Why this job: Make a real impact on financial inclusion while growing your career in a supportive environment.
- Qualifications: Expertise in credit risk strategies and open banking data; degree in a numerical subject preferred.
- Other info: Embrace diversity and be your authentic self in a company recognised as one of the UK's Best Employers.
The predicted salary is between 43200 - 72000 £ per year.
Contract Type: Permanent / Full Time
Location: London, Bradford or Petersfield
Working Pattern: Hybrid - typically a couple of days a week in the office. Part-time or flexible arrangements are considered to support work-life balance.
What We Offer:
- Holidays: 25 days holiday up to 30 days (depending on service)
- Pension: We will contribute up to 10%
- Maternity/Paternity: Enhanced maternity and 4 weeks paternity leave
- Workations: Opportunity to work abroad 20 days a year
- Volunteering: 2 paid days to 'give back' to the charity of your choice
- Development: LinkedIn Learning for all
- Medical: Opportunity to opt in for Private Medical Insurance
- Bonus: Discretionary annual bonus
We are seeking a strategic leader to drive the evolution of alternative data usage - particularly open banking transactional data - across affordability and credit risk strategies for Loans, Vehicle Finance, and Credit Cards. This role represents a key leadership position within the UK industry, influencing the development and implementation of data-led approaches that expand access to credit for underserved segments of the population.
As a Senior Credit Risk Manager, you will:
- Provide leadership and serve as a role model within the broader strategy function, fostering a culture of innovation and entrepreneurial thinking.
- Effectively influence cross-functional teams, including Technology & Change, and Data & Analytics.
- Lead a cross-functional team dedicated to developing and enhancing credit strategy, focusing on lending policy and the strategic use of open banking data.
- Coordinate projects aimed at achieving an ambitious future vision to change lending for the better.
- Ensure effective engagement with customers at different points in the lending journey.
- Create innovative ways to look at the data 'value exchange' throughout the customer onboarding process.
- Build, lead, and develop a high-performing team, fostering a culture of excellence, collaboration, and continuous growth.
- Drive the optimisation of lending decisions through test and learn initiatives.
- Engage and influence stakeholders at all levels across the Group to secure alignment and deliver meaningful change.
- Support business growth and portfolio profitability, ensuring a balance between risk, reward, and responsible lending.
- Provide colleagues with opportunities to succeed through coaching, mentoring, and sharing expertise.
What We're Looking For:
- Expert in developing responsible lending strategies as part of a Credit Risk function.
- Expert in the use of open banking data.
- Strong communication skills, able to articulate complex ideas to stakeholders.
- Extensive experience in development and implementation of scorecards, strategy rules, and affordability assessments.
- Familiar with existing regulatory and economic landscapes.
- Degree in numerical/analytical subject preferred.
Offers are subject to satisfactory background checks, including credit, fraud, and employment references.
At Vanquis, we have a simple purpose: to deliver caring banking so our customers can make the most of life's opportunities. Established in 1880, we are now a FTSE All Share company and leading specialist bank. We lend responsibly, providing tailored products and services to over 1.75 million UK customers.
Vanquis has been named one of the Financial Times UK's Best Employers 2025, ranking in the top 50 nationwide and seventh in Banking and Financial Services. Our dedication to making a real difference for customers and supporting our colleagues remains at the heart of what we do.
Vanquis Bank is an Equal Opportunity Employer. We embrace everyone's unique strengths and identities to be themselves at work. If there's anything we can do in the recruitment process to help you achieve your best, get in touch.
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 alternative data can be leveraged in credit risk strategies will not only enhance your knowledge but also demonstrate your commitment to innovation during discussions.
✨Tip Number 2
Network with professionals in the credit risk and financial services sectors. Attend industry events or webinars to connect with key players, as personal recommendations can significantly boost your chances of landing an interview.
✨Tip Number 3
Prepare to discuss your leadership style and experience in managing cross-functional teams. Be ready to share specific examples of how you've influenced strategic initiatives and fostered a culture of innovation in previous roles.
✨Tip Number 4
Research Vanquis Bank's values and recent developments. Tailoring your conversation to align with their mission of responsible lending and customer care will show that you're genuinely interested in contributing to their goals.
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 relevant experience in credit risk management, particularly with responsible lending and open banking. Use specific examples that demonstrate your expertise in developing lending strategies and using alternative data.
Craft a Compelling Cover Letter: In your cover letter, express your passion for responsible lending and how your background aligns with the company's mission. Mention your leadership skills and ability to influence cross-functional teams, as these are key aspects of the role.
Showcase Your Analytical Skills: Since the role requires a strong analytical background, include details about your experience with scorecards, strategy rules, and affordability assessments. Highlight any specific projects where you successfully implemented data-led approaches.
Prepare for Potential Questions: Think about how you would articulate complex ideas related to credit risk and open banking during an interview. Prepare examples that showcase your communication skills and ability to engage stakeholders at all levels.
How to prepare for a job interview at Vanquis Bank
✨Understand the Role and Responsibilities
Make sure you thoroughly understand the key responsibilities of a Senior Credit Risk Manager, especially around responsible lending and open banking. Familiarise yourself with how alternative data can be used in credit risk strategies, as this will likely come up during your interview.
✨Showcase Your Leadership Skills
As this role involves leading a cross-functional team, be prepared to discuss your leadership style and provide examples of how you've successfully influenced teams in the past. Highlight any experience you have in fostering a culture of innovation and collaboration.
✨Prepare for Technical Questions
Expect questions related to credit risk strategies, scorecard development, and affordability assessments. Brush up on your knowledge of open banking data and its implications for responsible lending, as well as any relevant regulatory frameworks.
✨Demonstrate Your Communication Skills
Since the role requires articulating complex ideas to various stakeholders, practice explaining your thoughts clearly and concisely. Be ready to discuss how you've effectively communicated with different levels of management and influenced decision-making in previous roles.
