Business Unit: Risk
Salary range: £76,000 - £95,000 per annum DOE + red-hot benefits
Location: UK Remote
Contract type: Permanent
Be the voice we need. Live a life more Virgin.
Our Team
We have an exciting opportunity in our Strategic Credit Risk team within Credit Risk. As Senior Manager, Portfolio Performance you will use your Credit Risk expertise to lead the portfolio performance of the Chief Credit Office across all products. Your passion for Management Information and Analytics will drive the ongoing development and delivery of holistic credit risk portfolio oversight, insight and opinion to governance committees. You will work closely with the broader senior Credit Risk team and key stakeholders across the wider business to shape the bank’s future.
What you’ll be doing
Credit Insight and Reporting: Lead the development and delivery of credit risk oversight reporting, and management information (MI) for internal and external stakeholders, including key committees and regulatory bodies to support the Chief Credit officer, Credit Leadership Team and Boards/ Executive Risk Committees.
Strategic Influence: Provide insightful advice and analysis to influence strategic decisions, ensuring the bank's credit portfolio is managed effectively and in line with industry developments and regulatory changes.
Trend Analysis and Risk Identification: Analyse data and intelligence, including external market and competitors’ information, to identify portfolio trends, hotspots, and opportunities, providing high-quality credit insight and opinion.
Credit Risk Appetite Statement (RAS): Develop credit risk appetite methodology and framework to ensure safe evolution of the credit risk portfolio aligned with the bank's strategy and regulatory requirements.
Team Leadership: Manage and develop a small team of specialists, fostering a high-performing and motivated team environment.
Stakeholder Collaboration: Work closely with 1st and 2nd Line of Defence (LOD) stakeholders, internal departments, and external entities to ensure comprehensive credit risk oversight and insight.
Regulatory Compliance and Engagement: Ensure compliance with corporate standards, policies, and external legal and regulatory requirements, maintaining a robust risk management framework. Lead regulatory and external returns across the VM Credit Risk Team.
Quality Control: Develop and implement quality control processes to ensure the accuracy and completeness of credit risk analysis and reporting.
We need you to have
Demonstrable substantial experience in senior credit risk management positions within in the secured lending sector across the Credit Lifecycle including evaluating Credit performance, portfolio management and strategies.
The proven ability to lead with purpose and inspire your team to achieve exceptional results.
Strong ability to condense and simplify complex information to brief and influence senior stakeholders both written and verbal
The capability to turn ideas into practical solutions in a collaborative manner, effectively managing multiple priorities in a fast-changing environment.
It’s a bonus if you have but not essential
Retail credit and Business credit experience
Strong understanding of 3 Lines of Defence Model and Risk Management Principles
Strong knowledge of regulatory frameworks and experience of PRA and FCA engagement
Red Hot Rewards
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.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
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. We're customer-obsessed and work tirelessly to deliver on our purpose, ‘Making You Happier About Money.’ This means we're able to do banking differently, and by innovating and working together we can make a real difference by creating memorable moments and red-hot experiences for our millions of customers. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money
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. We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
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
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. In certain recruitment situations such as receiving a high-volume of applications, we may need to limit the overall numbers of interviews offered to both disabled and non-disabled applicants.
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'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. 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