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Secured Acquisition Manager
As a new Bank, we will be under internal and external scrutiny, meaning the Risk function will sit at the heart of how we deliver on what we promise to the industry and our customers. The Portfolio Management team will be responsible for all aspects of credit risk management for Cards, Loans, Mortgages and Personal Current Accounts. This includes designing and implementing credit management strategies to ensure that the Bank operates within its risk appetite and delivers on its impairment and risk weighted asset commitments. It's a rare opportunity to be part of a culture that embraces challenge, change and new territory.
To support in the development of an agenda of innovation to continuously improve credit decision making so our credit capabilities become a key pillar of our overall competitive advantage. The business impact will be to deliver benefits running into many millions of pounds, whilst supporting the growth aspirations of the business, but also protecting against downside risk, and improving customer treatment. The role includes significant responsibility for forecasting, monitoring and delivering financial results, and establishing effective management controls.
-Responsible for the credit quality of new business for Verde in line with the agreed risk appetite.
-Development of credit policies to ensure acceptance rates are maximised in line with business targets whilst ensuring that bad debts are controlled within budget
-Work closely with Marketing and Finance within Verde to develop customer lifetime value models for the business which show the full value added of the business
-Undertake regular analysis to ensure that levels of automated credit decisioning are optimised and in full accordance with regulatory requirements. Act as a customer to the Decision Science team to ensure that effective acquisition scorecards are built and perform in line with expectations
-Develop risk based pricing models in consultation with Finance, continually reviewing assumptions made in profit model development
-Direct and assist the credit analysts in the development and implementation of new strategies, development of test plans and ensure all strategies have been successfully and accurately implemented
-Ensure application score cut-offs and limit assignment strategies are consistent with the business objectives and consider customer affordability
-Production of detailed, accurate management information as an input to the credit management review and oversight process
-Development of strong relationships with senior stakeholders across the business and the ability to build organisational momentum behind the proposed agenda, seeing through the implementation of initiatives and overcoming resistance and obstacles when encountered
-Lead, motivate and develop a team of analysts.
Key Capabilities, Knowledge, Skills & Experience
-An experience in credit risk issues, techniques and frameworks is required, as is experience in profitability modelling and a range of analysis techniques such as forecasting, segmentation, and statistical models
-Setting standards for analytical excellence and ensuring these are embedded in BAU, development of a world-class team through coaching, recruiting and talent management will be key to success
-Success will also require development of strong relationships with colleagues across the business and the ability to deliver change through teamwork
-Conveys key principles behind credit rating systems (modelling assumptions, etc) to credit and non-credit specialists
-Displays a good understanding of accounting capital and macro-economic trends and considers implications when making strategic/tactical recommendations
-Able to influence at Credit Risk and senior business committees re. portfolio level issues
-Engages with business at an early stage in order to reshape proposals so risks are managed appropriately
-Uses more sophisticated credit risk techniques
-Displays a good grasp of market environment
-Actively supports new members of staff in developing their technical credit risk knowledge and appropriate skills
-Able to assess and identify a broad range of risks and select suitable response
-Effective at identifying the need for change
-Able to initiate, lead and deliver individual projects/programmes.
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