Business Unit: Risk
Salary range: up to circa £95,000  per annum DOE + red-hot benefits
Location:  Remote, UK Flexible
Contract type:  Permanent

Live to challenge the status quo. Live a life more Virgin.

Our Team

We have an exciting opportunity in our Business Credit Insight & Innovation team for a Senior Credit Risk Manager to lead our Portfolio & Insight activity. Liaising with senior stakeholders both internally and externally, managing the flow of credit risk information related to the business portfolio across a wide network. Leading a team of experts, embedding a high performance, curious culture ensuring our standards and capabilities meet the expectations of a Category 1 firm.

What you’ll be doing

Develop and Deliver Credit Risk Insights: Provide end-to-end credit risk insight, oversight, and opinion of the business portfolio, supporting the Head of Business Credit Insight & Innovation, Chief Credit Officer, and the Credit Leadership Team. This will include, but is not limited to, Board Risk Committee Deep Dives and Credit Risk Committee sector/segment reviews. Lead Regulatory Engagements: Manage relevant regulatory returns and responses on behalf of the Chief Risk Officer, Chief Credit Officer, and Head of Business Credit Insight and Innovation relating to the Business portfolio. Credit Portfolio Insight Management: Ensure delivery of credit portfolio insights, highlighting existing and future trends, associated risks, and recommended actions at all relevant committees. You will be a key participant in a range of for a and committees ensuring wider credit implications are considered within wider business context. Enhance Credit Risk Oversight: Develop capabilities to enhance credit risk oversight and insight across the business credit portfolio, leveraging new data sources and tools to support strategy teams with insight, data, and analytics. You will drive the capability improvements across Credit Risk, ensuring proactive management of the portfolio. Regulatory Knowledge Maintenance: Stay updated on regulatory changes and requirements for business lending capital, ensuring the Risk Leadership Team is informed of external developments and ongoing impacts. Ensure implications of these changes are well understood at a senior level and action, where required, is in flight. Quality Control Development: Lead the development and delivery of a quality control capability to ensure all analysis and insights are completed to the highest standard. Embed a rigorous and curious approach within the team you lead, ensuring it develops a reputation for excellence. Credit RAS Metrics Development: Collaborate with key stakeholders to develop portfolio-level Credit RAS metrics aligned with Credit and Bank strategy, ensuring the safe development of the credit portfolio.

We need you to have

Deep Business Credit Risk Experience: Expertise in managing credit risk across various business lending portfolios throughout the entire lifecycle, including a good working knowledge of policies and procedures in credit risk management. Regulatory Knowledge: In-depth understanding of regulatory requirements, policies, and frameworks related to business lending, ensuring compliance and adherence. Proven Experience in Managing Complex and Diverse Portfolios: Extensive experience in managing credit risk across a variety of segments and sectors, with the ability to analyse complex issues and make informed decisions. Strong Communication Skills: Ability to articulate complex concepts into clear and digestible information, both verbally and in writing. Experience in condensing and simplifying complex information to brief and influence senior stakeholders. Relationship Building and Conflict Management: Proven ability to build trusted relationships with stakeholders at all levels and manage challenge and conflict effectively. Strategic Direction Setting: Experience in setting strategic direction and understanding market and regulatory challenges and opportunities, with high motivation and a professional "can do" attitude. Creative Thinking and Analytical Skills: Intellectual curiosity and proficiency in using presentation tools such as Power BI, Tableau, and Office. Background in analytics, preferably using SAS. Ability to Influence Change Positively: Turn ideas into practical solutions in a collaborative manner, effectively managing multiple priorities in a fast-changing environment.

It’s a bonus if you have but not essential

Knowledge or experience using AI/ML in portfolio monitoring An understanding of proposition and system development. 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.

Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we’re a workforce to be reckoned with, and we're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work. 

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  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 

It’s important to note that there may be occasions where it’s not possible to interview all candidates declaring a disability who meet the essential criteria for the job. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants. 

Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but 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.