Personal Credit Strategy Manager - Newcastle Upon Tyne, United Kingdom - Virgin Money

Virgin Money

Verified Company

Newcastle Upon Tyne, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Business Unit:
Group Risk, Personal Credit Oversight**Salary Range**:up to circa £68,500 DOE

Contract Type:
Permanent

Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head.

We're on the lookout for like-minded individualsand innovators to help drive our strategy forward.

We're also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with
A Life More Virgin.

Here's what it means for YOU:

38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)?
Up to five extra paid wellbeing days per year?
A 35hour working week
20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
Market leading Pension & Private Medical Insurance
Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
Ability to work anywhere in the UK? (where the role allows)

And you get these Red-Hot Rewards from day one

In this exciting role, you will be a key member of the team who will be responsible for managing the credit risk for Personal unsecured lending.

As a Credit Strategy Manager, you will be jointly accountable with the Senior Credit Strategy Manager and Headof Personal Credit for the credit performance of the Unsecured portfolios (Credit Cards, Personal Loans, Overdrafts and Joint Ventures) across the credit life cycle (acquisition, account management and collections).

The core role of our Leaders is to deliver the very best performance through their people by keeping our Purpose, Strategic Aims and Values & Behaviours at the heart of all they do whilst developing their team with stretching goals to build capability andambition.

Day to day you'll
Use your experience and expert judgement in the design and setting of appropriate acquisition and account management strategies for the unsecured portfolios, ensuring they adhere to the Risk Appetite Statements and applicable regulations whilst allowingsafe, profitable unsecured lending growth

Including:

Acquisition, affordability riskbased pricing and limit allocation strategies across Credit Cards, Loans and Personal Overdrafts, including preeligibility tools.
Affordability, product, credit limit, pricing and authorisation strategies for account management.
Maintaining and developing Credit policies and procedures.
Support the unsecured commercial team to design improved customer journeys and products.
Monitoring the health of the portfolio and performance of credit strategies, regularly producing high quality reports to appropriate risk governance including Credit risk forums, Unsecured commercial meetings and Credit Risk Committees.
Escalating relevant points to the Head of Personal Credit, the Unsecured commercial team and the Chief Credit Officer.
Working closely with the wider credit team to ensure models are utilised correctly, provision forecasts are reflective of expected portfolio performance and systems, data and reporting are implemented accurately.

There are a few essentials you need to bring

Experience in the development of credit risk strategies, policies and procedures
A good understanding of Personal unsecured lending products
Expertise in interpreting data analytics with a tenacity to look beyond headline information to identify inconsistent trends.
Capacity to handle high workflows and prioritise appropriately, ensuring tasks are completed within required timeframes.
Experience in coaching and developing a small team of individuals
Excellent and effective communication skills, both verbal and written, with experience of managing challenge and conflict
Experience in building trusted relationships with a wide range of stakeholders at all levels
High motivation and be able to demonstrate a professional "can do" attitude

The following would be not essential

Experience in setting strategic direction, understanding challenges and opportunities presented by the market and regulation.
A background in analytics, preferably using SAS
An understanding of proposition and system development.

We really need you to have the skills and experience listed in the '
There are a few essentials you need to bring'section above, but the rest is just our wish list, so please don't let that put you off applying, we'd love to hear from you

Inclusion at Virgin Money
**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 will need to you to confirm you have the Right to Work in the UK.

If we offer you a job and you accept, there are some checks we need to complete before you can start with us.

This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.