Senior Manager, Mortgages and Specialist Portfolios
Location: London, Petersfield, Bradford, Chatham
Closing Date: Thursday 23 January 2025
We’re Vanquis Banking Group plc, a FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop.
Lending responsibly and acting responsibly has always been at the centre of everything we do. Helping to aid financial inclusion and social mobility for our customers and the communities they live in is a big part of why we’re here.
Our purpose is simple: to deliver caring banking so our customers can make the most of life’s opportunities.
Reporting to the Head of Savings, this role will manage the Second Charge Mortgage (2CM) portfolio to ensure the delivery of expected returns and drive strategic development and profitable growth across our target market. The successful applicant will also be responsible for any product expansion within the specialist portfolio remit over time.
The role will be pivotal in driving a more robust oversight approach for the 2CM portfolio, ensuring effective management with our external partners who originate and service these mortgage loans. The role holder will engage with senior stakeholders internally and externally.
Key Responsibilities
1. Lead the formulation of a robust oversight framework for our mortgage portfolio, understanding, managing and influencing the key drivers of the 2CM product and portfolio performance.
2. Ownership of the trading information and narrative to support interactions with ExCo and the Customer Leadership Team.
3. Establish and maintain strong relationships across the business – treasury, finance, credit risk, legal, etc. to ensure portfolio modelling is fit for purpose.
4. Manage relationships with existing (and potentially new) lending partners to ensure good customer outcomes are being delivered.
5. Manage the associated risks and controls with an outsourced lending approach as is in place with the 2CM portfolio.
6. Work with our lending partners and internally to identify opportunities to drive commercial value and continuous improvement.
7. Deputise for the Head of Savings in relevant committees/forums as required.
8. Act as the SME for the mortgage product within Vanquis, leading on the key drivers to deliver expected returns and sustainable profits.
What you bring to the team
1. Experience of mortgage lending and the key drivers to deliver sustainable profits.
2. Proven track record in commercial/product and pricing strategy in FS leadership positions.
3. Strong knowledge of lending products and market dynamics.
4. Understanding of regulatory, legislative and compliance requirements in the UK financial services sector.
5. Ability to build and maintain strong relationships with internal and external stakeholders up to ExCo level.
6. Strong analytical and problem-solving skills, with experience in designing digitally led products.
7. Demonstrated ability to drive financial performance and achieve business targets.
8. Analytical mindset that can quickly understand how portfolio characteristics impact profitability.
9. Strategic thinker with a strong commercial acumen.
10. Strong communication skills both written and verbal.
11. A strong understanding and appreciation of compliance regulations and principles.
12. Can cope under time pressure and manage to project critical deadlines.
13. Proven strong stakeholder engagement, influencing and collaboration skills.
14. A track record of delivering continuous improvement.
Location: London, Bradford, Petersfield or Chatham
Benefits: At Vanquis Banking Group we believe in looking after our colleagues, so we do our best to create a rewarding, engaging, and supportive work environment. We offer competitive salaries, discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, and a Group wide recognition scheme.
Working Pattern: Our working style is hybrid, but we recognise the importance of collaborative working with our colleagues often 2 days per week in one of our offices.
What to expect next: Our average process takes up to 4 weeks but we will always work around your availability.
Equal Opportunity Statement
Here at Vanquis Banking Group, we embrace everyone’s unique strengths and identities to be themselves at work. If there’s anything we can do in the recruitment process to help you achieve your best, get in touch.
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