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Business Credit Risk Manager -Portfolio Performance

Apply now Job no: 073113
Work type: Permanent Full Time
Location: England, Head Office - Glasgow, Remote - work from anywhere within the UK
Categories: Risk

Business Unit: Risk, Business Credit Risk
Salary: up to circa £68,500 depending on experience
Location: Remote – work from anywhere within the UK with some requirement to attend office/HUB/ Store
Contract Type:

Join Virgin Money as we transform our team into one that is ready to meet the challenges of the future, setting us up to support our ambition to disrupt the status quo and turn traditional banking on its head. We’re also transforming how we work, offering our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin. We’ve exciting opportunities within our Credit Risk function as we look to strengthen our capabilities to support our future ambitions to become a digital bank. We’re on the lookout for highly motivated individuals with a burning passion for what they do, a lust for learning and innovation, and are looking to work with likeminded people. If this sounds like you, then keep reading! 

Here’s what it means for YOU:

  • 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
  • Five extra paid well-being days per year
  • A 35-hour working week
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Market leading Pension & Private Medical Insurance
  • Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
  • Ability to work anywhere in the UK (where the role allows)

And you get these Red-Hot Rewards from day one!

We’re looking for a Credit Risk Manager to lead our Portfolio Performance team in our Business Credit Risk team.  The team is responsible for delivering insight into the Business Credit portfolio and supporting the delivery of oversight, challenge, and opinion to key internal and external stakeholders, including the PRA and Rating Agencies. Through expert knowledge, management information production, and other internal and external sources, the team identify portfolio trends, hotspots, and opportunities.

You’ll be responsible for delivering portfolio level Credit Risk insight, reporting & MI for the Credit Risk Leadership Team, Risk committees and the wider business as required. You’ll work closely with the broader Credit Risk team, and key operational and senior management stakeholders across the wider business, such as the Commercial, Finance and Customer Experience teams.  To help you deliver your key objectives you’ll manage a small team of specialists, senior analysts, and analysts who will use their own skills and expertise to support you.

If this sounds like your next move, then here’s some more insight into the role itself. 

Day to day you’ll:

  • You’ll develop and deliver Credit Risk portfolio insight, and opinion in support of the Head of Business Credit Risk activities and opinion.
  • Manage the delivery of Business Credit portfolio insight to ensure that existing and future trends are clearly highlighted with associated risks and recommended actions.
  • Deliver and manage a capability to enhance credit risk insight across the Business Credit portfolio.
  • Manage a small high caliber team of Credit Risk Specialist and Analysts working together to deliver the necessary Credit Risk portfolio insight and opinion.
  • Responsible for the implementation of systems and controls to ensure effective identification, measurement and monitoring of the Business Credit portfolio related business and regulatory risks and challenge Strategy and operational owners on their systems and controls.  
  • Manage the development and delivery of appropriate and insightful analysis which will inform and influence decisions upon future Credit Risk Appetite.
  • Manage the development and delivery of a quality control capability to ensure all analysis and insight is completed to the highest standard.  This includes working with other sources of data and reporting to ensure the availability and completeness of the inputs required to support insight.
  • Manage and deliver the development of portfolio level Credit RAS metrics aligned to Credit Risk and Bank strategy to ensure safe development of the Business Credit portfolio.
  • Ensure compliance with all corporate standards, policies, processes, and procedures and with all external legal, regulatory, and voluntary codes and practices.
  • Keep abreast of all external developments and asses the Bank’s position relative to these through advice and insight to the Credit Risk Leadership Team, and other internal stakeholders across the Commercial and Customer Experience teams. 

There are a few essentials you need to bring to this opportunity… 

  • Experience in Financial Services or banking with practical experience of Business portfolio performance reporting
  • Expert credit risk knowledge is a must
  • Ability to deliver complex insight and opinion to challenging timescales with agreed resources
  • Proven ability to turn complex and diverse results into readily understandable insight, highlighting key aspects of operational/ strategic performance
  • Experience of delivering to and working with senior management
  • Aptitude for coaching and developing team members to ensure delivery to a consistently high standard

We'd love you to have (but not essential)...

  • A strong understanding of the operations of Risk and the wider business
  • Comprehensive understanding of the Group’s risk policies and methodologies
  • Proven ability to build strong networks and relationships with internal and external parties
  • Strong people management skills

We really need you to have the skills and experience listed in the ‘There are a few essentials you need to bring’ section above, but the rest is just our wish list, so don’t let that put you off applying, we’d love to hear from you!

Inclusion at Virgin Money

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our careers team at

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 will need to you to confirm you have the Right to Work in the UK. If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references.

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Applications close: GMT Daylight Time

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