Senior Credit Risk Manager

About Salary Finance

Working with employers, we provide a financial wellbeing platform as an employee benefit, helping employees to understand their money better, get out of debt faster and save for their future. We already have a reach of over 4,000,000 employees through our relationships with over 600 of the biggest companies in the UK.

By improving employee financial wellbeing, we have a very real and meaningful impact on people’s lives. We remove the stress and worry associated with financial difficulties by dramatically reducing the interest rates employees pay on their personal debt, and provide them with the tools needed to start saving sooner and be more financially secure. We are backed by some of the biggest brands, including investments from Blenheim Chalcot (the UK’s leading venture builder), Legal and General (the FTSE 100 insurer and asset manager), Experian and funding partnerships with JP Morgan and Blue Owl.

Launched in 2015, we have made excellent progress, and are scaling fast. We are named BITC’s Responsible Business of Year 2018, included in KPMG’s Global Fintech 100, listed top of the Forbes' list of socially-responsible startups, and profiled by the Financial Times, the Times, the Wall Street Journal, the Guardian, the Telegraph, CityAM and the Institute of Directors.

Your role in our mission

Reporting into the Director of Credit Strategy, you are responsible for the strategic direction and line management of the Credit Risk team alongside Salary Finance's responsible lending approach leveraging your comprehensive understanding of UK lending regulation, including Consumer Duty and CONC. You will work to ensure Salary Finance's policy and affordability rules maximise financial inclusion while maintaining good customer outcomes. You will achieve sustainable growth through our credit and pricing strategy, optimising profitability, originations, customer satisfaction, funder and regulatory obligations. This is a high-impact role to bridge the gap between complex data science and commercial reality, acting as a key consultant to Finance, Co

What you’ll do

• Shape strategy and risk appetite: You will shape strategy and risk appetite. You will act as an expert on Salary Finance's approach to responsible lending and sustainable growth. This means understanding and influencing our affordability and policy rules as well as optimising our credit and pricing strategy. 
•  Oversight and analytics: You will be responsible for Credit Risk MI and reporting. You will deliver high quality analytical insights and recommendations to inform and influence the board, leadership team, and wider business. You will be accountable for our internal Originations and Performance Forums, as well as delivering content for, and attending, the Credit Risk Committee. 
• Lead and empower the team: You are responsible for line management, which includes hiring and giving opportunities. You will represent the team and upskill and mentor junior team members, behaving as a leader and role model within the Credit Risk and wider business.
• Budgeting and forecasting: You will be a key contributor throughout budget cycles, providing forecast assumptions and conducting stress testing. You will also be responsible for derivation of impairment rates (IAS 39), including understanding our reporting of and implications of movements. 
• Collaborate and innovate: You will work in collaboration with finance, commercial, product and data science teams to develop the lending product, including providing analytics where necessary. You will support other teams, e.g. marketing, commercial and collections, discovering opportunities to grow the lending book or increase profitability by conducting tests.

About you

• Experienced leader and ambassador: You act as an ambassador for the team, able to represent the Credit Risk function to skillfully ask or answer questions to or from the wider business. You are proactive in workload management, ideating, and influencing individual, team and sometimes company roadmap.
• Technically accomplished: You have a strong understanding of SQL data extraction and analysis, and ideally exposure to Python. You have a builder mindset prepared to create processes from scratch, not relying on historic frameworks.
• Adaptable and fast-paced: You have the ability to work independently with ability to drive initiatives forward while remaining adaptable in a fast-paced environment. You have a strong ability to prioritise tasks and to keep stakeholders informed of progress and/or any deprioritisation that takes place.
• Compelling communicator: You can articulate complex ideas to non-technical audiences with an ability to tell compelling stories using data to persuade and inform stakeholders.

Awesome if you:

• You can code in Python to help level up our analytics and modeling capabilities.
• You have a solid understanding of model building, machine learning, scorecard derivation, and optimisation algorithms. 
• Have prior exposure specifically to high-growth and/or niche fintech lending models, particularly unsecured consumer loans.

Who you are

We embrace our differences but there’s one thing we like to share - our values, so it’s important to us that you are:

• Fearless, and able to make the impossible possible.
• Responsible, and want to help build a business that delivers a meaningful difference to society.
• Dedicated and want to commit to an exciting journey even through the highs and lows.
• Empathetic and truly care about every colleague and customer.
• United, because you understand we achieve more when we work as a team.
• Humble, and take feedback as a way to continuously improve.

What do you get for all your hard work?

• Company bonus scheme 💰
• 25 days holiday increasing by one day for every year of service up to 30 days, plus a day off for your birthday 🎂 
• Hybrid working arrangements so you can work from the office and from home with a budget to help you get set up 🏠
• Generous company benefits to include pension and life assurance and an annual allowance to spend on medical insurance, health cash plan, denplan, gym memberships 🤸
• Enhanced policies that are family and pet friendly, to include company sick pay and peternity leave 🐶
• Great career development in a fast paced environment 🚀
• Regular company socials
• Volunteer days as part of our CSR program 🤝
• More great perks to include weekly snacks, tuckshop, cycle to work, help to save and much more! 🍭

The typical interview process

• Introductory call with our Talent Manager (phone call - 20 mins)
• Written task  (take home - 60 mins) 
• Technical and culture interview with Team and Stakeholder(s) (in person -  1 hour)

We’re looking for people that will get stuck in and make a difference. We have a great collaborative, entrepreneurial team that are passionate about what they do. If you want to join a team that is changing people’s lives for the better then we’d love to hear from you.

Learn more at salaryfinance.com

Salary Finance is proud to be an equal opportunities employer. We celebrate diversity and are committed to creating an inclusive work environment where all employees and applicants can flourish.

 

If there’s anything we can do to accommodate your specific situation, please let us know.