Job Details

Click here to become a registered jobseeker.

Credit Portfolio Oversight Specialist - Risk

Newcastle Upon Tyne, Tyne And Wear, United Kingdom, £ £ - Annual Annual, Permanent


Business Unit: Group Risk, Credit
Salary: £38,882 - circa £56,000 depending on experience
Location: UK based
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?

It's an exciting time to be joining Risk as we're growing, and transforming 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. What this means is ensuring we have the right skills, capability and capacity within Risk to manage the growth and digital ambitions expected of a Tier 1 bank and we're on the lookout for like-minded individuals and innovators to help drive our strategy forward!

So, what will the Credit Portfolio Oversight Specialist do? Reporting into the Credit Portfolio Oversight Manager for Personal, as part of the Group Credit Portfolio Oversight team, the Specialist is responsible for providing oversight, challenge and opinion on portfolio performance. Appropriate second line oversight of the Group's lending portfolios is fundamental to the success of the bank.

Here's what you'll be doing…
• Portfolio performance: monitoring and identifying trends, strengths and weaknesses.
• Provide insight, oversight, challenge and independent opinion.
• Report credit findings to internal and external stakeholders.
• Provide credit opinion for contribution and delivery through to stakeholders including regulators and rating agencies etc.
• Support and coordinate the delivery of deep dives and assessments of portfolio composition and asset quality.
• Supporting the development and recommendation of appropriate RAS metrics, limits and triggers and consult with RAS metric owners across the 1st and 2nd lines.

There are a few essentials you need to bring…
• Experience within a credit environment.
• A strong understanding of retail banking with experience in using appropriate data manipulation tools.
• An ability to evaluate Credit performance relative to internal and external standards and initiate change.
• Excellent written, oral and presentation skills with the ability to keep the complex simple.
• Experience in building positive, trusted relationships with key stakeholders, both internally and externally.

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

• High level qualification in a numerical or coding-based discipline, or equivalent experience.
• Knowledge of conduct risk / regulatory requirements in relation to Personal products.
• Broad knowledge of Risk Management disciplines and the three lines of defence model

We really need you to have the skills and experience listed in the 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!

RED HOT Rewards
• A generous holiday package and the option to buy more!
• Private Medical Insurance - with the option to extend to family members.
• Pension! A market leading pension - we'll top up your contributions too.
• Flexible benefits - customise your rewards to work for 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 friendly team at or

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.

Job Details

Not Specified
Newcastle Upon Tyne, Tyne And Wear, United Kingdom
£ £ - Annual Annual