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For Companies At a Glance
- Tasks: Generate new business opportunities and manage high-quality lending processes.
- Company: Join Virgin Money, a leading player in the financial services sector.
- Benefits: Enjoy 25 days holiday, private medical insurance, and a competitive pension.
- Why this job: Make a real impact in the banking industry while developing your career.
- Qualifications: Experience in business banking and a strong track record in commercial lending.
- Other info: Flexible benefits and opportunities for paid volunteering available.
The predicted salary is between 43200 - 72000 £ per year.
Location: Various locations across the UK – London & South area, Midland's area, Yorkshire & Northeast area, Northwest area, East Scotland area, or West Scotland area.
Job Summary: Exciting opportunities exist within our Strategic Finance team. Our team supports commercial, corporate, PLC and private-equity-backed businesses across the region and the UK. This role plays an important part in maintaining a strong market presence for the Bank, originating and executing new Commercial Business and Mid Corporate opportunities, and generating additional income and strong returns for the Bank while delivering a simply brilliant customer experience.
What You'll Be Doing:
- Generating new opportunities targeted at large commercial and mid-corporate businesses within your geographical area.
- Aligning with the Bank's risk appetite at all times.
- Accounting for risk and compliance, identifying signs of stress and risk to minimise exposure to bad and doubtful debt.
- Acting according to the strategy and growth plan to optimise income and build a targeted portfolio through effective origination and execution of high-quality lending opportunities.
- Analysing and interpreting accounts for new deals, calculating key ratios, interpreting cash-flow forecasts, credit modelling and sensitivity techniques, and assessing management teams according to best practice in Strategic Finance, in line with Dilligencia Training methodology and the credit risk and control framework.
- Structuring and recommending commercial/mid-corporate lending proposals for credit decisioning.
- Demonstrating strong organisational skills and effective project management ability.
- Establishing and maintaining external professional relationships to produce quality referrals through a two-way relationship model.
We Need You to Have:
- A background in a Business Banking team.
- A proven track record in originating and securing commercial lending opportunities.
- Experience managing all aspects of a deal process from inception to completion – including detailed credit papers, negotiations with management teams, advisors and funding partners, review of due-diligence reports, oversight of complex legal processes and the completion process.
- Strong capability in building media relationships and generating opportunities, including writing for journals and preparing publications.
- A business degree or significant financial services experience within a Business Lending environment.
- Detailed and up-to-date knowledge of UK financial markets with a focus on the Commercial Banking segment.
- Expert knowledge of banking products and services.
- Up-to-date knowledge of financial analysis and modelling tools and techniques.
Bonus (Not Essential):
- Relevant vocational financial services qualification – e.g. Chartered Institute of Bankers, Chartered Accountant.
- In-depth understanding of risk and compliance requirements relevant to the role.
Benefits:
- 25 days holiday per year, increasing over time to 30, with the option to buy more.
- Private medical insurance.
- Highly competitive pension.
- Annual performance-related bonus.
- Training and development to progress your career.
- Flexible benefits scheme with a great selection of additional benefits.
- Life assurance for peace of mind.
- Up to 2 days of paid volunteering per year.
Other Details:
- Seniority Level: Mid-Senior level
- Employment Type: Full-time
- Job Function: Business Development
- Industries: Financial Services and Banking
If we receive a lot of interest, we may close the advert early, so please submit your application as soon as possible.
Director Business Development in London employer: Virgin Money
Contact Detail:
Virgin Money Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Director Business Development in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend networking events, join relevant LinkedIn groups, and don’t be shy about reaching out to potential contacts. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Ace the Informational Interview
Set up informal chats with professionals in your desired field. This is a great way to learn more about the role and the company culture. Plus, it shows initiative and can lead to referrals. Remember, we’re all about building relationships here!
✨Showcase Your Skills
Don’t just talk the talk; walk the walk! Create a portfolio or case studies that highlight your achievements and skills relevant to business development. We want to see how you’ve made an impact in previous roles, so make sure to bring that to the table.
✨Apply Through Our Website
When you find a role that excites you, 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 at Virgin Money. Let’s make it happen!
We think you need these skills to ace Director Business Development in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Director Business Development role. Highlight your experience in originating and securing commercial lending opportunities, and don’t forget to showcase your strong organisational skills and project management abilities.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention your background in Business Banking and how your skills align with the Bank's strategy and growth plan.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your capability in managing deal processes and building professional relationships. Numbers and results speak volumes!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you one step closer to joining our team!
How to prepare for a job interview at Virgin Money
✨Know Your Numbers
As a Director of Business Development, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how you've used them in past roles. Be prepared to analyse and interpret accounts on the spot!
✨Showcase Your Deal-Making Skills
Highlight your experience managing the deal process from start to finish. Prepare specific examples of successful deals you've originated and secured, detailing your role in negotiations and how you navigated challenges.
✨Understand the Market Landscape
Familiarise yourself with the current trends in the UK financial markets, especially within commercial banking. Be ready to discuss how these trends impact business development strategies and how you can leverage them for Virgin Money.
✨Build Relationships
Demonstrate your ability to establish and maintain professional relationships. Think of examples where you've generated referrals or collaborated with external partners. This role is all about connections, so show that you can build a network!
