Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead innovative credit risk strategies for business lending and ensure robust governance.
- Company: Join Virgin Money, a pioneering mutual bank focused on fair and rewarding banking for all.
- Benefits: Enjoy 38.5 days annual leave, flexible benefits, and market-leading pension from day one.
- Other info: Hybrid work model with occasional travel; inclusive culture celebrating diversity.
- Why this job: Be part of a team driving sustainable growth and making a positive societal impact.
- Qualifications: Extensive experience in business lending and credit risk strategy at a senior level required.
The predicted salary is between 60000 - 75000 £ per year.
Business Unit: Chief Credit Office
Salary range: £60,000 – £75,000
Location: Hybrid – with occasional travel to one of our key hubs
Contract type : Permanent
Live to inspire change. Live a life more Virgin.
Our Team Our Business Credit Insight and Innovation team plays a pivotal role in shaping our lending strategy across Business lending. We\’re looking for a Credit Risk Manager to join our team and help us innovate and continue to grow responsibly while ensuring our lending meets customer needs and regulatory standards.
We\’re looking for a strategic thinker and risk expert to join our Business Credit Insight & Innovation team as a Credit Risk Manager – Business Credit Strategy. This role is pivotal in shaping and overseeing the credit risk strategy for our business lending portfolio, including strategic finance, asset and invoice finance, and national sector lending.
You\’ll be at the heart of our efforts to drive sustainable growth, ensure robust governance, and deliver insight-led decision-making across the business lending lifecycle.
What you\’ll be doing
- Lead the development and execution of innovative credit risk strategies across origination, portfolio management, and credit decisioning, particularly for larger and more complex commercial lending.
- Monitor and shape the business lending portfolio in line with risk appetite, policy, and regulatory expectations.
- Deliver insight and rationale to support lending decisions at key governance forums, including Credit Risk Committee, Business Portfolio Quality Review, Transactional Oversight Working Group, Business Loss Forum and Transactional Credit Committee.
- Influence the evolution of the Business Risk Appetite Statement and contribute to the commercial and financial planning of the business franchise.
- Collaborate across 1LoD and 2LoD to identify control gaps, growth opportunities, and ensure alignment with the Group\’s strategic ambitions.
- Contribute to major transformation initiatives such as climate risk, data strategy, and system enhancements.
We need you to have
- Has extensive experience in business lending and credit risk strategy at a senior level.
- Extensive experience of SME and Mid corporate credit risk management at both transactional and portfolio level.
- Understands regulatory frameworks (e.g. Basel) and has a strong grasp of risk appetite and policy.
- Can influence senior stakeholders and present complex insights with clarity and impact.
- Brings strong analytical, decision-making, and communication skills.
- Is confident navigating ambiguity and driving change in a fast-paced environment.
It\’s a bonus if you have but not essential
- Familiarity with VM\’s credit products, systems, and risk models (especially PD models).
- Experience with credit risk MI, reporting, and system architecture.
- Experience of business lending within an IRB credit environment.
- Broad knowledge of Risk Management disciplines and three lines of defence model in place across the Group.
Red Hot Rewards
- Generous holidays – 38.5 days annual leave (including bank holidays and prorated if part-time) plus the option to buy more.
- Up to five extra paid well-being days per year.
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
- Market-leading pension.
- Free private medical cover, income protection and life assurance.
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there\’s no waiting around, you\’ll enjoy these benefits from day one.
If we\’re lucky to receive a lot of interest, we may close the advert early. Please ensure to submit your applications as soon as possible.
Say hello to Virgin Money
Virgin Money is so much more than just a bank. As part of the Nationwide group, together we\’re the UK\’s first full-service mutual bank serving millions of retail and business customers and all driven by our purpose ; Banking but fairer, more rewarding and for the good of society. With us, you\’ll be part of an organisation uniquely positioned to make a difference to the lives of customers, communities and broader society and embark on a collaborative, customer obsessed, and fun-filled career journey. Embrace the weekdays, enjoy fantastic perks, and make a meaningful positive difference. Time to discover what it means to be part of the first mutual full-service banking provider.
Be yourself at Virgin Money
At Virgin Money, we celebrate everyone. We have fun, think big, and relentlessly include each other, all in pursuit of our purpose: Banking – but fairer, more rewarding, and for the good of society. We\’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we\’re committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team careers@virginmoney.com
Please note: If we receive a high volume of eligible applications, we may need to prioritise candidates whose skills and experience most closely align with the role, while still ensuring fair and equitable consideration for all applicants.
Now the legal bit
Although some of our roles allow you to be based anywhere in the UK, we\’ll need you to confirm you have the right to work in the UK.
If you\’re successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years\’ worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we\’ll ask for six years of regulatory references, and once in the role, you\’ll be subject to periodic employment checks.
Advertised: 11 Aug 2025 GMT Daylight Time
Applications close: 25 Aug 2025 GMT Daylight Time
Boost your career
Find thousands of job opportunities by signing up to eFinancialCareers today.
#J-18808-Ljbffr
Business Credit Strategy Manager | Leeds, UK employer: Virgin Money UK
Contact Detail:
Virgin Money UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Business Credit Strategy Manager | Leeds, UK
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management, especially in business lending. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the credit risk and business lending sectors. Attend industry events or webinars to connect with potential colleagues and learn about their experiences, which can provide valuable insights for your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've influenced credit risk strategies in previous roles. Highlighting your ability to drive change and navigate complex situations will demonstrate your fit for this strategic position.
✨Tip Number 4
Research Virgin Money's current initiatives and values, particularly around sustainable growth and customer-centric lending. Tailoring your discussions to align with their mission will show your genuine interest in the company and its goals.
We think you need these skills to ace Business Credit Strategy Manager | Leeds, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive experience in business lending and credit risk strategy. Use specific examples that demonstrate your ability to influence senior stakeholders and present complex insights clearly.
Craft a Compelling Cover Letter: In your cover letter, express your passion for the role and how your skills align with the company's mission of 'Banking but fairer'. Mention your familiarity with regulatory frameworks and your strategic thinking capabilities.
Showcase Relevant Experience: When detailing your work history, focus on your experience with SME and Mid corporate credit risk management. Highlight any achievements related to innovative credit risk strategies or successful governance contributions.
Prepare for Potential Questions: Anticipate questions related to your understanding of risk appetite and policy. Be ready to discuss how you've navigated ambiguity and driven change in previous roles, as this will be crucial for the interview process.
How to prepare for a job interview at Virgin Money UK
✨Understand the Role Thoroughly
Before your interview, make sure you have a deep understanding of the Business Credit Strategy Manager role. Familiarise yourself with the key responsibilities, such as developing credit risk strategies and influencing senior stakeholders. This will help you articulate how your experience aligns with their needs.
✨Prepare for Technical Questions
Given the focus on credit risk management and regulatory frameworks, be ready to answer technical questions related to SME and Mid corporate credit risk. Brush up on your knowledge of Basel regulations and risk appetite policies to demonstrate your expertise.
✨Showcase Your Analytical Skills
The role requires strong analytical and decision-making skills. Prepare examples from your past experiences where you successfully used data to influence lending decisions or improve credit strategies. This will highlight your ability to deliver insight-led decision-making.
✨Demonstrate Your Communication Skills
As you'll need to present complex insights clearly, practice explaining your previous projects or strategies in a concise manner. Use the STAR method (Situation, Task, Action, Result) to structure your responses, ensuring you convey your impact effectively.