End Date: Thursday 24 October 2024
Salary Range: £62,874 - £69,860
Flexible Working Options: Flexibility in when hours are worked, Hybrid Working, Job Share
Job Description Summary
JOB TITLE: Credit Officer - Embedded Finance
SALARY: £62,874 - £69,860
LOCATION(S): Chester, Cardiff or Halifax
HOURS: Full time
WORKING PATTERN: Our work style is hybrid, which involves spending at least two days per week, or 40% of our time, at one of our office sites.
A fantastic opportunity to join the Consumer Credit Risk as a Credit Officer within the Unsecured products space with a focus on a new Embedded Finance product. You will be part of a team that is responsible for the design, implementation and oversight of credit risk strategies as well as delivery of portfolio performance within risk appetite. You will conceptualise and produce data-based credit analytics and own regular reporting to assist in controlling the portfolio risk and associated credit strategies. You will deliver deep-dive analyses to identify trends and work with cross-functional teams to create opportunities for improvement.
You will get opportunities to mentor and guide junior analysts across teams and work cross-functionally with a range of partners including product, engineering, finance, as well as other credit risk teams to deliver innovative ways to minimize losses while balancing growth and customer experience.
It's an exciting time to be joining the team as we mobilise in response to the changing world around us – from regulatory changes to the Group’s new strategy. We’re also heavily investing in our data and infrastructure to enhance credit decisioning capabilities to deliver safe and sustainable growth.
Core Purpose of the Role
Our core purpose is to maintain a resilient portfolio through sustainable lending, to deliver the best outcomes for customers and partners. We do this by taking ownership to act, while supporting each other and valuing difference. You will work directly with multiple stakeholders within and outside the Credit Risk team, with responsibilities including:
* Provide credit risk input into new product launches, regulatory topics, business requirements and risk transformation activity.
* Develop and implement credit risk strategies for a new Embedded Finance product, including underwriting and credit line assignment while ensuring that actions effectively manage risk and reward, support business objectives and translate into positive portfolio outcomes.
* Monitor portfolio performance and conduct deep-dive analyses to identify trends and opportunities for improvement.
* Collaborate with product, engineering, and finance teams to design and implement new products and features that balance risk and growth.
* Provide coaching and mentorship to junior members within the immediate and wider team to drive performance and development.
* Stay current on industry trends, regulatory changes, data innovations and competitive landscape to inform credit risk strategies and decisions.
What are we looking for?
Essentials
* Analytical expertise – confidence in using Microsoft Office and understanding of using analytical software, such as SAS or SQL, to deliver insight.
* Credit Risk – you’ll have experience managing credit risk using automated strategies and scorecards and the financial knowledge of risk vs. reward and managing within risk appetite.
* Work effectively through change – an ability to initiate and enable change that helps improve the way we do things.
* Communicating effectively – a strong ability to explain complicated issues clearly to different audiences; technical, non-technical. You’ll build effective relationships with people.
* Responsible lending – understand regulatory compliance and conduct risk for fair customer outcomes.
* Collaboration - building effective partnerships and working collaboratively with a wide range of partners to meet shared objectives.
* Strong numerate skills and qualifications (either A-Level or Degree).
Desirables
* Deputising for senior leadership as needed and supporting them to shape the credit risk future.
* Experience of proposition development.
* Close attention to detail - as well as ability to stand back and look at the wider picture.
Benefits
* A generous pension contribution of up to 15%
* An annual discretionary performance-related bonus
* Share schemes including free shares!
* Benefits you can adapt to your lifestyle, such as discounted shopping.
* 30 days’ holiday, with bank holidays on top
* A range of wellbeing initiatives and generous parental leave policies
We're committed to building a workforce which reflects the diversity of the customers and communities we serve, and to building an inclusive environment where all our colleagues can be themselves and succeed on merit. We're an equal opportunity employer and deeply value diversity within our organisation. We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
So if you have the skills we’re seeking and you’re looking for your next step, we’d love to hear from you.
At Lloyds Banking Group, we're driven by a clear purpose; to help Britain prosper. Across the Group, our colleagues are focused on making a difference to customers, businesses and communities. With us you'll have a key role to play in shaping the financial services of the future, whilst the scale and reach of our Group means you'll have many opportunities to learn, grow and develop.
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