Virgin Money’s Credit Risk department make sure the business has an effective credit risk management process that takes into account risk appetite and manages the risk profile in line with current and forecast market conditions. They play an ever evolving role within our organisation, helping us to keep our customers safe, by highlighting key asset quality trends and undertaking deep dive analysis on our mortgage portfolio to ensure we understand the inherent risks.
As a Analyst within the team you’ll support the Manager in providing second line oversight through the delivery of key reporting and analysis on new lending and portfolio asset quality, risk appetite, adherence to policy and loss performance. You will also support change initiatives and projects, providing both expertise and challenge to the wider business whilst also providing analysis and reporting to support these initiatives. Collaborating and supporting colleagues is essential to ensure delivery of team and department objectives.
On a day to day basis you’ll develop/provide Credit Risk MI for new and existing products/strategies to ensure effective oversight of the credit risk life cycle, you will also analyse trends in application, completion and stock quality. You’ll oversee the performance of credit and collection strategies. Proactively identify areas of the portfolio with poor performance and areas where further lending is merited, and make use of external benchmarking and market data to inform credit risk strategy / policy.
For this role we need someone with an understanding of credit risk; preferably with a reporting and/or portfolio management background, who has worked in an analytical role before and ideally focused at retail banking products. You will need to be fully competent in SAS programming, with the ability to interrogate and manipulate large amounts of data, produce well thought out analysis and summaries key messages in a succinct manner. You will have the ability to present analytical results and key insights to key stakeholders and be able to build relationships across our business. You will have good understanding of the macro economic picture and how that may impact asset quality.
Consider yourself an expert in Credit Risk – Apply now
Our aim is to nurture a skilled, diverse and committed workforce where every individual – regardless of background – can share our purpose, reach their potential and be rewarded appropriately for their contribution to our success.
Salary up to £40,000 plus a great range of benefits
The role can be based in our Edinburgh, Newcastle or London offices