Specialist Mortgage Credit Lead

An exciting opportunity has arisen for a Specialist Mortgage Credit Lead within the newly established Specialist Mortgage Lending business at Admiral Money. This role is seen as an important piece of the puzzle in creating and building a market leading, digital first, specialist lending proposition. 

As Specialist Mortgage Credit Lead you will be working in within the newly established team providing insight and input into all Credit related actions as well as being an important part of broader decision making through the set-up phase. You will be working alongside a data analyst but will also have access to the best in class Credit and Data Teams within Admiral Money.

About Admiral Money

Admiral Money is an exciting, new division of Admiral Group. We have the freedom and innovation of a small start up with the security of a large parent company, Admiral. 

The journey started when we launched unsecured personal loans in June 2017. We went on to be the first direct to consumer car finance provider in December 2017. Since then, we have gone from strength to strength and have some exciting plans for the future.

We’re looking for people who are keen to learn, excited about getting stuck in and are ready for a challenge to help us to achieve our aim of creating a special lending business for our customers.

Role Objectives

• Risk Strategy - You will understand our strategic plans (business and product) and create meaningful and evolving credit policies and procedures, ensuring the front end design is optimised for credit decisioning. Definition of disruptive credit policy for new segments, propositions, products and markets.
• Business Partnering – You will manage our 3^rd party credit data sources for Specialist Mortgages including (but not limited to) bureaus & housing data providers, looking for new & innovative ways to challenge the status quo. Sourcing market data to enable benchmarking and to identify new opportunities
• Credit Performance – Responsible for evaluating credit performance & recommending improvements to policy & procedures. Set the credit risk appetite and ensure we operate within these risk thresholds. Production of Credit MI and insights including credit profiling and risk emergence forecasting.

Responsibilities

• Design, develop and deploy effective and efficient decisioning rulesets and policies, producing actionable proposals and implementation plans
• Monitoring the risk/reward profile of the portfolio, reviewing and proposing changes to acquisition strategies and customer affordability assessments as appropriate
• Assessing new data sources, tools and techniques to ensure the quality of credit decisioning is maintained in a fast-changing external environment
• Providing waterfall views of credit rules at product level, identifying problem areas and opportunities to expand
• Identifying any emerging trends, concentrations, potential new risks
• Raise change requests according to approved proposals, providing technical support for rule implementation/change, defining test cases
• Generate key management information to support business direction setting and ensure Risk Appetite goals are met
• Design and deliver enhancements to credit risk strategies to achieve the right outcome for our customers
• Apply commercial acumen to interpret results and produce actionable recommendations to optimise how we deal with risk
• Reporting and monitoring the effectiveness of our front-end customer outcome, across a range of channels and products

Requirements

• Proficient with Excel, Word and PowerPoint to produce clear documents and analysis, presenting complex information in an effective manner
• Demonstrable numerate background, preferably with a degree in a numerical subject (although this is not essential)
• Strong written & verbal communication skills and attention to detail, including writing full noting papers and change proposals
• A broad understanding of the full responsibilities of a credit risk function, from Acquisition through Customer Management to Collections/Recoveries, with demonstrable working knowledge of application decisioning
• Experience of extracting, manipulating and reviewing data using SAS/SQL (or similar data tools such as R and Python)

If you've got 3 of the 5 skills we're looking for, we still want to hear from you!

Desirable:

• Experience of working with the following, although not essential, would be an advantage: Specialist Mortgages, Credit decisioning engines, Other Lending verticals

Salary, Benefits and Work-Life Balance

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to Work For in the UK.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here

Our Commitment to You

At Admiral, we are committed to being a diverse and inclusive workplace. Admiral is proud to be an equal opportunities employer and does not discriminate on the basis of race, sex (including pregnancy, childbirth, reproductive health decisions, or related medical conditions), national origin, gender, gender identity, sexual orientation, disability, age, or any other legally protected status.

All qualified applicants will receive equal consideration for employment.

#LI-MB1