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- Tasks: Lead innovative credit risk strategies and optimise lending policies for responsible banking.
- Company: Join Vanquis Banking Group, a leading FTSE company in responsible lending.
- Benefits: Enjoy bonuses, flexible working, paid community days, and private medical insurance.
- Why this job: Be part of a dynamic team shaping the future of responsible lending and open banking.
- Qualifications: Experience in responsible lending and open banking data is essential; leadership skills are a plus.
- Other info: Flexible interview process and commitment to diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
Senior Credit Risk Manager – Responsible Lending and Open Banking
Location: Petersfield, Bradford, Chatham, London
Closing Date: Tuesday 12 November 2024
Working Pattern: Hybrid, with 1 to 3 days per week in the office
Benefits: Bonus, holidays, pension, paid days for community work, enhanced maternity/paternity pay, LinkedIn Learning, Snoop Premium, Private Medical Insurance
Don’t hesitate to apply even if you don’t meet all criteria; your strengths and eagerness to learn are valuable.
Your Role: Reporting to the Head of Credit Risk Strategies, leading the use of alternative data sources and open banking in credit strategies for responsible lending, and establishing industry thought leadership.
Responsibilities:
- Lead and model innovative credit risk strategies, influencing across departments.
- Develop and optimize lending policies, especially around open banking.
- Coordinate projects to improve lending practices.
- Engage with customers effectively throughout their lending journey.
- Innovate data value exchange during onboarding.
- Build and develop a high-performing team.
- Drive decision optimization through testing and learning.
- Influence stakeholders for change support.
- Support business growth by balancing risk and reward.
- Mentor colleagues and share expertise.
Ideal Candidate:
- Experienced in responsible lending strategies and open banking data.
- Proficient in scorecards, strategy rules, and affordability assessments.
- Inspiring leader with strategic vision.
- Knowledgeable of regulatory and economic landscapes.
Interview Process:
- Initial phone interview
- MS Teams interview with the hiring team
- Final interview with Credit Risk team
Note: The process takes about 4 weeks and is flexible to your availability. Background checks are required.
Work Flexibility: We support part-time and flexible working arrangements to help you balance commitments.
About Us: Vanquis Banking Group, a FTSE company, specializes in responsible lending to UK customers through brands like Vanquis, Moneybarn, and Snoop. We value our colleagues and offer competitive benefits and development opportunities.
Equal Opportunity: We celebrate diversity and are committed to creating an inclusive environment for all employees.
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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 responsible lending and open banking. This knowledge will not only help you during interviews but also demonstrate your commitment to the role and the industry.
✨Tip Number 2
Network with professionals in the credit risk and responsible lending sectors. Engaging with industry experts can provide insights and potentially lead to referrals, which can significantly boost your chances of landing the job.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully implemented innovative credit risk strategies in the past. Highlighting your practical experience will set you apart from other candidates.
✨Tip Number 4
Be ready to showcase your leadership skills and how you've developed high-performing teams. The ability to inspire and mentor others is crucial for this role, so have relevant anecdotes at the ready.
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 proficiency in scorecards, strategy rules, and affordability assessments.
Craft a Compelling Cover Letter: Write a cover letter that showcases your leadership skills and strategic vision. Mention how you can contribute to the company's goals and your understanding of the regulatory and economic landscapes relevant to the role.
Highlight Relevant Experience: In your application, emphasise any previous roles where you led innovative credit risk strategies or coordinated projects to improve lending practices. This will show your capability to influence across departments.
Prepare for Interviews: Research common interview questions for senior credit risk positions and prepare your answers. Be ready to discuss your approach to mentoring colleagues and driving decision optimisation through testing and learning.
How to prepare for a job interview at Vanquis Bank
✨Understand the Role
Make sure you have a solid grasp of what a Senior Credit Risk Manager does, especially in the context of responsible lending and open banking. Familiarise yourself with the key responsibilities listed in the job description, as this will help you tailor your answers to demonstrate your fit for the role.
✨Showcase Your Experience
Prepare specific examples from your past work that highlight your experience with responsible lending strategies and open banking data. Be ready to discuss how you've developed and optimised lending policies or led innovative credit risk strategies in previous roles.
✨Engage with Stakeholders
Since influencing stakeholders is a key part of the role, think about times when you've successfully engaged with different departments or teams. Be prepared to share these experiences and how they contributed to positive outcomes in your previous positions.
✨Ask Insightful Questions
Prepare thoughtful questions to ask during the interview. This could include inquiries about the company's approach to innovation in credit risk or how they envision the future of responsible lending. Asking insightful questions shows your genuine interest in the role and the company.
