Business Unit: Commercial
Location: Hybrid with occasional travel to a hub
Contract Type: Permanent
This includes optimising limit management, tackling persistent debt, enhancing profitability, and delivering commercial excellence. You'll be at the forefront of assessing the balance between risk and reward within credit strategies and policies, ensuring alignment with performance guardrails. Harnessing the power of data, you'll refine segmentation, strategies, and policy rules to unlock new opportunities for business growth. With a focus on innovation and execution, you'll lead transformative projects that propel our organisation forward. No day will be the same as you collaborate with a range of stakeholders to ensure analysis is providing true insight into risks and opportunities.
As a Portfolio Strategy Specialist, your core responsibilities are; Analysing credit data, present findings from your analysis, and solving problems by creating solutions from the analysis of data. Use your experience and expert judgement in the design and setting of appropriate 1LOD Portfolio Strategies for the unsecured portfolios, ensuring they adhere to the Risk Appetite Statements and applicable regulations whilst allowing safe, profitable unsecured lending growth.
A solid understanding of the P&L, including application of commercial outcomes to drive success including profitable balance growth.
Work collaboratively with Risk and Operational colleagues to identify improvements that maintain regulatory compliance, improve efficiency, or provides additional value to the business.
Develop and maintain a relationship with the Credit Risk teams at an operational and senior level to ensure that best practice is shared, challenges are raised in a timely manner to constructively shape outcomes and all requests are met.
Demonstrate maintenance of our internal Governance frameworks, policies and Regulatory guidelines and ensure this framework is embedded in the business to ensure sound risk practices are adopted.
Strong analytical experience and a proficient in SAS/SQL user. Must also be an expert user of the MS Office suite;
Proven experience in challenging other teams work through meetings and discussion forums, using strong influencing skills to deliver Commercial ways of working;
Excellent understanding of data structure and credit strategies;
Knowledge, experience and understanding of the wider commercial and risk functions and insight requirements;
Proven ability to build strong networks and relationships with internal and external parties.
Understanding of the Legal and Regulatory framework and agenda;
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.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
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. 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. 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.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. Now the legal bit
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.