At a Glance
- Tasks: Lead a team in delivering accurate credit risk loss forecasts and enhance forecasting models.
- Company: Join Vanquis, a caring bank with a commitment to employee wellbeing and growth.
- Benefits: Enjoy 25+ days holiday, flexible working, and unique perks like birthday leave and workations.
- Other info: Be part of a supportive culture that values diversity and personal development.
- Why this job: Make a real impact in financial decision-making while developing your leadership skills.
- Qualifications: 5+ years in credit risk management and strong analytical skills required.
The predicted salary is between 55000 - 65000 € per year.
Contract Type: Permanent | Full-Time
Location: Bradford, Petersfield, London or Chatham
Working Pattern: Hybrid (usually 1 day a week in the office). We welcome part-time and flexible arrangements and will aim to match your current flexibility where possible.
What We Offer
- Holidays: 25 days (rising to 30) + buy/sell up to 5 days + swap up to 4 bank holidays.
- Pension: Up to 10% employer contribution.
- Family Leave: Enhanced maternity and 4 weeks’ paternity from day-one, shared parental leave, paid neonatal care leave and support for adoption and surrogacy.
- Fertility Support: Paid time off for fertility treatment and appointments, available to birth parents and partners, with confidential support and flexible adjustments where needed.
- Workations: Work abroad for up to 20 days a year in approved countries.
- Birthday Leave: Your birthday off—paid.
- Volunteering: 2 paid volunteering days.
- Learning: Access to LinkedIn Learning for all colleagues.
- Financial Wellbeing: Free Snoop Premium subscription.
- Healthcare: Self-pay Denplan & optional Private Medical Insurance.
The Role
As Credit Risk Manager, Portfolio Loss Forecasting, you will be responsible for delivering portfolio credit risk loss forecasting across our portfolios. You will lead the development and ongoing enhancement of forecasting models and portfolio analysis, ensuring forecasts are accurate, well understood, and fit for business planning. You will also play a key role in explaining the story behind the numbers, partnering closely with Finance, Risk and Commercial teams to align assumptions, validate outputs, and support strong decision-making.
You and your Team
You will lead a team of analysts within our Portfolio and Forecasting function, bringing together portfolio analysis and forecasting into a single, high-performing team. You will set direction, coach and develop colleagues, and create an inclusive culture where people feel supported to do their best work. You will also build strong relationships across the business and confidently present insights to senior stakeholders, helping ensure forecasts are trusted and clearly linked to portfolio performance and strategy.
As a Credit Risk Manager, Portfolio Loss Forecasting you will:
- Drive the ongoing enhancement of robust loss forecasting models for each portfolio to accurately predict credit losses.
- Execute and deliver regular loss forecasts across credit portfolios, using recent performance, credit quality and risk exposure.
- Ensure credit strategy changes are reflected in loss forecast expectations, with clear rationale and supporting analysis.
- Monitor and track forecast performance and model accuracy on an ongoing basis across credit card and vehicle finance portfolios.
- Produce regular and ad hoc reporting on loss forecasts and key risk metrics.
- Present findings, insights and recommendations to senior management, key stakeholders and (where needed) external bodies.
- Partner with Finance and Commercial teams to support end-to-end understanding and validation of forecasts.
- Collaborate with cross-functional teams (including Risk, Finance, Product and Operations) to support effective portfolio management.
- Lead, coach and mentor a team of analysts, creating development opportunities through regular support and knowledge sharing.
- Set clear objectives and priorities for the team, balancing delivery needs with longer-term improvement.
- Build and maintain strong working relationships with other Credit Risk teams and second line Risk management.
- Maintain strong systems and controls to reduce errors in complex forecasts and processes.
- Support Group-wide planning by delivering consistent and predictable credit loss forecasts that feed budgets and financial plans.
What We’re Looking For
- 5+ years’ experience in portfolio analysis, credit risk management and or loss forecasting within consumer credit.
- Strong understanding of credit products and risk drivers, ideally across credit cards, loans and vehicle finance.
- Strong analytical and quantitative skills, including statistical modelling and data analysis tools such as SAS, R and or Python.
- Experience monitoring model performance, validating outputs, and improving forecasting approaches over time.
- Confident communicator who can translate complex analysis into a clear business narrative for technical and non-technical audiences.
- Strong stakeholder management skills, with experience working across Finance, Risk, Operations and Commercial teams.
- People leadership experience, including leading teams of analysts, setting direction, coaching and developing capability.
- Strong problem-solving skills, including identifying trends, root causes, and practical actions in response to portfolio performance changes.
- Familiarity with regulatory requirements and best practice in portfolio analysis and loss forecasting.
How We Hire
We use AI to help organise applications and surface early matches, but all decisions are made by humans. Please apply authentically — especially during interviews. If you need assistive technology or reasonable adjustments (including the use of AI tools), please let the Talent Acquisition team know in advance and we’ll be happy to support you.
Pre-Employment Checks
Any offer made will be subject to standard background checks, including credit, fraud and employment references. Due to the regulated nature of our business, additional checks may apply.
Who we are
At Vanquis, our purpose is simple: to deliver caring banking that helps people make the most of life’s opportunities. Founded in 1880, we’re now a FTSE All Share specialist bank supporting over 1.7 million UK customers with responsible, tailored lending. We’re proud to be certified by Great Place to Work, recognised as one of the Financial Times UK’s Best Employers in 2025 and 2026, and awarded Bronze status under the Armed Forces Covenant. Taken together, these achievements reflect our genuine commitment to putting our people first and supporting those who serve.
Guided by our values — caring for people, pulling together, finding better ways and getting the right things done — we’re building a workplace where colleagues feel connected, valued and empowered. Alongside competitive pay, we offer meaningful benefits, salary reviews, a discretionary bonus scheme and continued recognition. We’re invested in your development too. With the right support and hands-on learning, you’ll grow your skills, shape your career and realise your ambitions.
Equal Opportunities
Vanquis Bank is an Equal Opportunity Employer. We value everyone’s unique background, identity and experience, and we’re committed to a workplace where all colleagues can thrive. If you need any adjustments or support during the recruitment process, please contact careers@vanquis.com and we’ll be happy to help.
Credit Risk Manager, Portfolio Loss Forecasting in Bradford employer: Vanquis
At Vanquis, we pride ourselves on being an exceptional employer, offering a supportive and inclusive work culture that prioritises your wellbeing and professional growth. With flexible working arrangements, generous benefits including enhanced family leave, and opportunities for continuous learning, we empower our employees to thrive both personally and professionally. Join us in one of our vibrant locations, where you can make a meaningful impact while enjoying a fulfilling career in credit risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager, Portfolio Loss Forecasting in Bradford
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk sectors. A friendly chat can lead to insider info about job openings or even a referral. Don’t be shy; we all love a good natter!
✨Tip Number 2
Prepare for those interviews! Research the company and its culture, especially their approach to credit risk management. We want you to shine, so practice answering common questions and think of examples that showcase your skills.
✨Tip Number 3
Show off your analytical skills! During interviews, be ready to discuss your experience with forecasting models and data analysis tools. We’re looking for someone who can translate complex data into clear insights, so let that talent shine through!
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team. Let’s get you on board!
We think you need these skills to ace Credit Risk Manager, Portfolio Loss Forecasting in Bradford
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Credit Risk Manager role. Highlight your experience in portfolio analysis and loss forecasting, and don’t forget to mention any relevant tools like SAS, R, or Python that you’ve used.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the role. Share specific examples of how you've driven enhancements in forecasting models or led teams, and connect your experiences to our values.
Showcase Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of your quantitative work. Whether it's monitoring model performance or translating complex data into business narratives, let us see your expertise!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Vanquis
✨Know Your Numbers
As a Credit Risk Manager, you'll need to be comfortable with data. Brush up on your portfolio analysis and loss forecasting skills. Be ready to discuss specific models you've worked on and how they impacted decision-making in previous roles.
✨Communicate Clearly
You’ll be presenting insights to senior stakeholders, so practice translating complex analyses into straightforward narratives. Use examples from your past experiences to demonstrate how you’ve effectively communicated findings to both technical and non-technical audiences.
✨Showcase Leadership Skills
Since the role involves leading a team of analysts, prepare to discuss your leadership style. Think about times when you coached or mentored team members and how you fostered an inclusive culture. Highlight your ability to set clear objectives and priorities.
✨Understand the Business Context
Familiarise yourself with the company's credit products and risk drivers. Be prepared to discuss how changes in credit strategy can affect loss forecasts. Showing that you understand the broader business implications will impress your interviewers.
