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Existing Customer Strategy Specialist

Apply now Job no: 057250
Work type: Permanent Full Time
Location: England - Newcastle, Scotland - Glasgow City Centre, UK
Categories: Regulatory Compliance & Risk Management, Specialized Business

Business Unit: Consumer Lending Credit Strategy
Salary: Up to £60,000 CIRCA
Location: Flexible
Contract Type: Permanent

In our quest to make things better, we never stop looking at how every bit of banking works. We sweat the small stuff, because we know it makes a big difference for our customers. But at the heart of this are our people – who we couldn’t do without. Our bold and brilliant colleagues who bring their A game every single day. The question is – are you ready to bring yours?

We’re looking for straight up specialist to join our newly structured credit strategy team.

Your role will include driving the delivery of credit risk strategies to ensure the portfolio achieves growth and risk objectives across all stages of the credit lifecycle.

In a nutshell…

Credit Strategy Specialists are primarily responsible for utilising their knowledge and experience, backed by cutting-edge analysis, to drive the direction of the unsecured propositions and portfolios. They use their well-developed skills to draw conclusions, offer solutions and make recommendations that contribute to achieving our businesses ambitions. This ensures that the bank grows in line with risk appetite, within regulatory guidelines and delivers delightfully surprising customer solutions.

Here’s what you’ll be doing…

  • Maintain supportive and collaborative internal relationships inc. 2nd line risk, underwriting, frontline, compliance, customer insight and product teams as well as external relationships with third parties such as Credit Reference Agencies, Benchmarking Agencies and Insight providers.
  • Identify opportunities to drive organic growth that represents responsible lending and fair value customer outcomes.
  • Support in the development, evaluation and delivery of key strategic change. Adapting engagement for the numerous stakeholder groups and ensuring relevant communications are articulated to the rest of the business.
  • Work with legal and compliance teams to ensure adherence to current and new regulatory requirements – modifying and adapting strategies/monitoring where necessary.
  • Take responsibility for self-development, including the appropriate prioritisation of work, understanding the skills required to complete the role including analytical self-sufficiency and to demonstrate the VM & Making you happier about money culture.
  • Placing customers (internal and external) at the heart of decision making, ensuring that Credit Risk and wider VM business colleagues are customer focussed and committed to achieving the right outcomes for customers and for VM.
  • Support the running of monthly risk governance, sharing MI trends, strategy updates and general credit considerations.
  • Monitor the performance of the business and provide early warning of adverse risk trends including new and emerging risks.

There are a few essentials you need to bring…

  • A purpose driven candidate on a quest to add value to the culture here at Virgin Money
  • Ability to relay information, both written and verbally, to differing levels, in a clear, concise and confident manner
  • Previous experience in an analytical role you will be familiar with data mining software and have a naturally inquisitive nature
  • Proactive and autonomous, you will seek opportunities for continuous improvement without prompt
  • An insatiable curiosity and a proactive and inquisitive nature
  • A team player that’s willing to get stuck in

RED HOT Rewards

  • 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​
  • 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
  • Option to receive up to a 13% pension contribution​
  • Six months sick leave and six months half pay​
  • A digital-first colleague experience
  • Ability to work anywhere in the UK​


And the great news is, all these benefits are available to colleagues from day one!

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 friendly team at careers@virginmoney.com.

Point to note…

At the minute, depending on which team you are joining, lots of us are working from home. This is something that may change over time, and if so, we will come together in one of our hub locations, giving you the chance to meet your new colleagues in person. We will of course, make sure you have the IT equipment to access our systems and to interact digitally with your new team and colleagues, but we thought it best to let you know this in advance, so you can make sure you are set up to work safely and productively. If you have any questions on this let us know!

Now the legal bit…

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 Standard Time

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