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Credit Risk Senior Specialist - Unsecured Portfolios

Apply now Job no: 073118
Work type: Permanent Full Time
Location: England, Head Office - Glasgow, Remote - work from anywhere within the UK, Remote - work from anywhere within the UK
Categories: Risk

Business Unit: Risk, Unsecured Portfolios
up to circa £52,500 depending on experience
Location: Remote – Flexible with some requirement to attend office/HUB/ Store
Contract Type:

A career with Virgin va-va-voom

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 on the search for several talented Credit Risk Senior Specialists to join our Credit Risk team in either our secured or unsecured portfolio. The teams are responsible for the delivery of portfolio level credit risk insight into credit strategies or portfolio performance.

You’ll report into a Credit Risk manager for the relevant portfolio and team, to provide insight and reporting to the Risk Management Leadership Team, Risk committees and the wider business as required, including the Commercial, Finance and Customer Experience teams.   No day will be the same as you collaborate with a range of stakeholders to ensure analysis is providing true insight into risks and opportunities.

As a Credit Risk Senior Specialist, your core responsibilities are analysing credit data, present findings from your analysis, and solving problems by creating solutions from the analysis of data. You’ll be a self-starter, using your own initiative to drive enhancements, bring new ideas, and provide ongoing challenge. 

Day to day you’ll:

  • Work collaboratively with Credit colleagues to identify improvements that maintain regulatory compliance, improve efficiency, or provides additional value to the business.
  • Manage the development and delivery of a comprehensive suite of credit risk portfolio insight, oversight, challenge, and opinion for use across a range of stakeholders including Central Committees and Governance reporting.
  • Lead, on behalf of the Credit Risk Managers, the provision of meaningful insight and making recommendations for Senior Management and through representation at relevant meetings and committees.
  • Demonstrate a collaborative approach with Risk Appetite Statement working across other teams in Credit, Risk, and the Commercial areas.
  • Develop and maintain a relationship with the Credit Risk teams at an operational and senior level to ensure that best practice is shared, challenges are raised in a timely manner to constructively shape outcomes and all requests are met.
  • Support the Credit Risk Manager in operational effectiveness of the team.
  • Demonstrate maintenance of our internal Governance frameworks, policies and Regulatory guidelines and ensure this framework is embedded in the business to ensure sound risk practices are adopted.
  • On behalf of the Credit Risk Manager lead the delivery of internal department culture and processes that drive the right customer outcomes.
  • Work under the leadership of the Credit Risk Manager of to support the development of appropriate stakeholder management processes for managing and delivering effectively for internal customers including engaging at an operational level to ensure effective operation of key processes.
  • Deliver high-quality customer service, including implementation of a culture to continuously improve and rationalise processes and related complexity.
  • As required, provide deputising support for the Credit Risk Manager. 

There are a few essentials you need to bring to either of these opportunities… 

  • Strong analytical experience using SAS and Credit Risk knowledge.
  • Extensive experience in Financial Services or banking with practical experience of performance reporting/analytics.
  • Excellent communication skills with the ability to condense and simplify complex information to brief and influence senior stakeholders.
  • Capability to operate effectively with senior leaders, and represent VM with external stakeholders and stand up to robust challenge.
  • Ability to prioritise effectively and manage various management expectations, supporting Senior Analysts and Analysts to do the same, delivering multiple deliverables in a fast-changing environment.
  • Deputise for senior colleague (Credit Risk Manager) as required.
  • Extensive experience in influencing change in a positive and collaborative manner and turn ideas into practical solutions
  • Proven experience in challenging other teams work through meetings and discussion forums, using strong influencing skills to deliver Credit Risk ways of working.
  • Excellent understanding of data structure and credit risk strategies.
  • Knowledge, experience and understanding of the wider Risk function and insight requirements.
  • Proven ability to build strong networks and relationships with internal and external parties.

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

  • Understanding of the Legal and Regulatory framework and agenda
  • Strong understanding of the operations of Risk and the wider business
  • Comprehensive understanding of the Group’s risk policies and methodologies

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 please 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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