Business Unit: Chief Credit Office, Secured Credit Risk
Location: UK Remote
Contract type : Permanent
Secured Credit Risk team plays a pivotal role in shaping and maintaining our retail mortgage credit risk strategy and portfolio management. The Secured Portfolio Performance and Insight team, part of the broader Secured Credit Risk team, is responsible for providing comprehensive credit risk reporting, portfolio insights, arrears and loss forecasting.
You'll be responsible for mortgage portfolio and arrears insights, delivering loss forecasts for financial and strategic plan and risk inputs for mortgage pricing models. This role offers the opportunity to influence the mortgage lending business across the credit lifecycle and provide valuable insights to the risk management leadership team, risk committees, and the wider business.
Taking ownership of delivering assessments of portfolio credit quality and drivers of portfolio arrears, leading engagement across teams as required, and presenting complex findings in an engaging and articulate manner.
Leading the design and development of arrears and impairment forecasting processes and managing the production and presentation of impairment forecasts for financial planning.
Reviewing business plans as part of financial planning exercises and providing challenge to ensure grown initiatives are reasonable, sustainable, meets customer needs and regulatory requirements.
Monitoring credit risk inputs to pricing models, ensuring accuracy of inputs whilst working with Commercial and Finance teams to ensure profitability of pricing proposals
Translating business requirements into analytical tasks, utilising SAS and other analytical tools to perform detailed data analysis autonomously, ensuring robust controls in place to ensure accuracy.
Identifying and utilise new sources of internal and external data to improve the quality of insights, working with a range of stakeholders to ensure data is understood and used appropriately.
Leading engagement and collaboration with stakeholders across a wide range of areas (including Commercial, Collections Operations and Finance areas), deputising for manager as required. Driving a culture of continuous improvement, rationalising processes, improving sophistication and addressing complexity across all aspects of managing the retail mortgage portfolio.
Previous experience within a credit risk environment, with strong technical abilities in SAS and SQL.
Track record in building trusted relationships with key stakeholders, both internally and externally.
It’s a bonus if you have but not essential
Experience in retail mortgage arrears and collections management.
Technical skills in other data management tools / coding languages used for conducting portfolio analytics, such as Python / R etc.
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.