Senior Credit Risk Manager - Lending and Banking

Senior Credit Risk Manager - Responsible Lending and Open Banking

Location: London, Bradford, Chatham or Petersfield

Salary :

Closing Date: Tuesday 12 November 2024

Benefits:

Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 2 paid days to ‘give back’, enhanced maternity pay (once successfully passing probation), 4 weeks paid paternity, Linked In Learning for all, Snoop Premium, Private Medical Insurance

Don’t hesitate to apply for a role even if you don’t meet all the criteria; your unique strengths and eagerness to learn can be just as valuable.

As a Senior Credit Risk Manager – Responsible Lending and Open Banking, you will be reporting to the Head of Credit Risk Strategies.

In this role you will lead the evolution of using alternative data sources within our affordability and credit risk strategies for Loans, Vehicle Finance and Credit Cards. You will be pivotal in establishing thought leadership within the UK industry on the use of open banking transactional data, enabling us to provide credit to the underserved, capture market share, grow receivables, optimise profitability and deliver good customer outcomes.

In your day-to-day role, as a Senior Credit Risk Manager – Responsible Lending and Open Banking you will :

• Lead and role model for the wider strategy function on innovative and entrepreneurial spirit, influencing across Tech and Change, Data and Analytics, Commercial, Finance, and the wider business.
• Lead the cross-functional team focused on building out our credit strategy for lending policy, particularly optimizing the use of open banking in affordability and responsible lending decisions.
• 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 team of high-performing individuals.
• Drive the optimization of lending decisions through test and learn initiatives to identify champion strategies for both new and existing customers.
• Influence stakeholders across the Group, from peers to Senior Management, to gain buy-in and support for delivering change.
• Support business growth and portfolio profitability by balancing risk, reward, and responsible lending.
• Provide colleagues with opportunities to succeed through coaching, mentoring, and sharing expertise and knowledge.

• Expert in developing responsible lending strategies as part of a Credit Risk function.
• Expert in the use of open banking data.
• Extensive experience in developing and implementing scorecards, strategy rules, and affordability assessments.
• Inspire the analytical team, prioritising activities and provide strategic direction.
• Familiar with the existing regulatory and economic landscapes, with working knowledge of CONC obligations and an overview of wider macro-economic environment and trends.

• Up to 30 minute telephone call with a member of the Talent Acquisition team
• Up to 1 hour with the hiring team – via MS Teams
• Final interview with the wider Credit Risk team

Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.

As this role involves working within a regulated environment any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check and employment references.

If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.

We’re Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend…