Head Of Portfolio And Forecasting

Head of Portfolio Analysis and Loss Forecasting Location: London, Bradford, Chatham or Petersfield
Working Pattern: Our working style is hybrid, but we recognise the importance of collaborative working with our colleagues often 1 to 3 days per week in one of our offices.
Benefits: Discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 2 paid days to 'give back', enhanced maternity pay (once successfully passing probation), 4 weeks paid paternity, LinkedIn Learning for all, Snoop Premium, Private Medical Insurance.
Don't hesitate to apply for a role even if you don't meet all the criteria; your unique strengths and eagerness to learn can be just as valuable. You and Your Team: As a Head of Portfolio Analysis and Loss Forecasting, you will be reporting to the Head of Credit Risk. Your role is a key leadership role, responsible for overseeing the analysis and forecasting of portfolio performance and credit loss. You will provide strategic insights and recommendations to senior management to optimize portfolio performance and mitigate credit risk.
In your day-to-day role, as a Head of Portfolio Analysis and Loss Forecasting you will: Portfolio Analysis: Conduct in-depth analysis of the credit card, loans, and vehicle finance portfolios to identify trends, patterns, and risks. Utilize statistical models and data analytics techniques to gain insights into portfolio performance, credit quality, and risk exposure.Loss Forecasting: Develop and implement robust loss forecasting models for each portfolio to accurately predict credit losses. Collaborate with risk management and finance teams to ensure the accuracy and integrity of loss forecasting methodologies.Portfolio Performance Monitoring: Monitor and track the performance of the credit card, loans, and vehicle finance portfolios on an ongoing basis. Identify areas of improvement and recommend strategies to optimize portfolio performance, including credit risk mitigation, pricing adjustments, and product enhancements.Reporting and Presentations: Prepare regular and ad-hoc reports on portfolio performance, credit loss forecasts, and risk metrics. Present findings and recommendations to senior management, stakeholders, and regulatory bodies as needed.Team Leadership: Manage and mentor a team of analysts responsible for portfolio analysis and loss forecasting. Foster a collaborative and high-performing team culture, providing guidance and support to ensure the team's professional development and success.Stakeholder Collaboration: Collaborate with cross-functional teams, including finance, risk management, product development, and operations, to drive effective portfolio management strategies. Build strong relationships with internal stakeholders to ensure alignment of goals and effective execution of initiatives.Senior Leadership Team: Contribute to the overall leadership of the group's credit risk function as a member of the credit risk Senior Leadership Team (SLT).What will make you stand out? Extensive experience in portfolio analysis and credit risk management within the consumer credit industry.Strong analytical and quantitative skills, with proficiency in statistical modelling and data analysis tools (e.g., SAS, R, Python).Knowledge of credit card, loans, and vehicle finance products and associated risk factors.Familiarity with regulatory requirements and best practices in portfolio analysis and loss forecasting.Excellent communication and presentation skills, with the ability to effectively convey complex concepts to both technical and non-technical stakeholders.Strong leadership and team management abilities, with a track record of successfully leading and developing high-performing teams.Ability to work in a fast-paced and dynamic environment, managing multiple priorities and deadlines.The interview process: Up to 30-minute telephone call with a member of the Talent Acquisition team.Up to 1 hour with the hiring team – via MS Teams.Final interview with the wider Credit Risk team.Our average process takes up to 4 weeks but we will always work around your availability. You will have the chance to speak to our recruitment team throughout the process.
As this role involves working within a regulated environment, any offer will be subject to satisfactory background checks including criminal record check, credit check, fraud check, and employment references.
Your working life: If you prefer to work part-time, we'll make this happen whenever we can - whether this is to help you meet other commitments or strike a great work-life balance. A fear of losing your current working flexibility shouldn't hinder you from applying for new opportunities, which is why we aim to match your existing flexible working arrangements where possible.
Why work for us? We're Vanquis Banking Group plc, an FTSE All Share company and a leading specialist bank, established in 1880. We lend responsibly, providing tailored products and services to 1.75 million UK customers through Vanquis, Moneybarn, and Snoop. Our purpose is simple: to deliver caring banking so our customers can make the most of life's opportunities.
At Vanquis Banking Group, we believe in looking after our colleagues, so we do our best to create a rewarding, engaging, and supportive work environment across our various divisions.
We let our colleagues know we appreciate their hard work by offering competitive salaries, benefits, and a Group-wide recognition scheme. All colleagues are eligible to join a pension scheme, and, after six months' service, you can join our 'Buy as you Earn' schemes.
We offer a range of training and development opportunities to help each of our colleagues maximize their potential, whatever their role. From your first day working with us, we'll help you settle into your new role and are happy to talk to you about your career aspirations.
Equal Opportunity Statement Here at Vanquis Banking Group, we embrace everyone's unique strengths and identities to be themselves at work. Regardless of how you identify yourself, your sexual orientation, marital or civil partner status, race, colour, nationality, ethnic or national background, faith, disability, or age – your experiences and background help enrich our teams, and most importantly help support our customers in the best way possible. At the end of the day, it's our people that help us to fulfil the reason why we're here in the first place: to help put people on a path to a better everyday life.
If there's anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it's a copy of our application form in another format or additional assistance, we're available to help. You can contact us at ******

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