Risk Management
What we do
How we're structured
The roles we recruit for most often
What we look for
Your career prospects
Where you’d work
Our Risk Management Division helps us understand and use risk to create and protect value. It does so by:
- embedding an appetite for risk within our corporate objectives and business processes
- providing the kind of detailed, relevant Management Information that helps us make more effective business decisions
- creating awareness of the nature and extent of risk and our accountability for it
- improving how we manage risk within the business by providing professional expertise.
Risk Management is organised into five areas.
Retail Credit Risk
This area helps the business maximise consumer lending within agreed levels of risk and reward. Its activities cover modelling, analytics, lending policy, underwriting, systems maintenance and change management.
Commercial and Credit Treasury Risk
Balancing risk and reward, this area focuses on a broad spectrum of activities revolving around risk perception, appetite and measurement. Its role in supporting income generation is tempered with an in-depth understanding of the potential risks involved and by developing and implementing professional measurement and control systems.
Market Risk
This area works with Treasury to make sure it conducts its business effectively and within an appropriate market risk policy framework. In the process, it helps Treasury contribute to Group profits.
Operational Risk
This is where we make sure that our process for managing operational risks is both robust and effective.
Group Risk
Bringing the Risk Management Division’s vision to life, Group Risk provides high quality risk and capital management analytics and processes. This involves developing and embedding the Risk Management Framework and championing the appetite for risk throughout the Group.
The roles we recruit for most often
In the main we recruit into Retail Credit Risk and look for people with and without risk experience who can manage credit risk on our secured and unsecured lending portfolios. There are a number of key roles.
Risk Analysts and Senior Risk Analysts
It would be down to you to monitor and manage our secured and unsecured lending portfolios, maximising their performance through effective systems and strategies.
Specifically you would:
- carry out credit risk and reward analysis on portfolios
- maintain and develop our risk assessment decision systems and strategies
- identify, exploit and create opportunities to deliver more profitable risk-based portfolio strategies
- build relationships with product owners and key business stakeholders
- represent the department on a number of high-profile corporate projects.
Risk Consultants and Senior Risk Consultants
A day-to-day senior contact for all risk-related activities, you’d drive the management of risk across either secured or unsecured portfolio risk teams.
Specifically you would:
- monitor and manage lending portfolios
- develop quantitative risk/ reward decision strategies that help us achieve our quality and quantity targets
- agree, develop and implement robust lending strategies that optimise the trade off between risk and reward
- use your technical expertise to exploit application/ behavioural models that maximise the performance of our portfolios
- build productive working relationships with key senior managers
- help the business understand and manage its appetite for risk
Senior Risk Consultants would also lead and develop a small team of specialist Risk Analysts, providing hands-on guidance, support and coaching.
Risk Analysts and Senior Risk Analysts
Positive, flexible and team-oriented, you’ll bring a strong mix of business and technical skills to the role. In particular we’ll look for:
- advanced analytical and problem-solving skills
- self-motivation and plenty of initiative
- strong communication and interpersonal skills
- a logical approach and an attention to detail
- ability to prioritise conflicting demands.
Probably educated to degree level in a numerate subject, you’ll also be highly PC literate and familiar with SAS.
Risk Consultants and Senior Risk Consultants
You’ll probably be educated to degree level in a numerate subject. You’ll definitely be positive and flexible. And you’ll certainly have shown you can manage and deliver data-driven improvements and projects. What’s more, your mix of business, people and technical skills will include:
- advanced analytical and problem-solving skills
- a logical approach and an attention to detail
- strong leadership, interpersonal and communication skills
- the proven ability to influence at a senior level
- the ability to motivate others
- the ability to manage people and priorities in a fast-paced business environment
- first-class coaching and training skills
- good PC skills, including knowledge of SAS.
Depending on your drive, ability and how well you perform, you’ll be able to progress within Retail Credit Risk, the wider Risk Management Division and beyond into our lending business units.
You’d be based in either our Swindon or Northampton Head Offices.