Job Description

Senior Credit Risk Specialist

Working at our iconic office in Kings Cross, London, and virtually via Microsoft Teams

Your new role at NewDay

You\'ll be at the forefront of driving the underwriting credit risk strategy for NewDay\'s Point of Sale retail products - continuously optimising strategies on existing retail partners and designing strategies for new ones.

0-12 months you\'ll deliver

• Creation of new credit risk strategies for major retail partners set to onboard over Q1-Q3\'24
• Merchant/Sector specific cut-off reviews within the NewPay 1:Many merchant network.
• Optimisation of limit strategies and cut-offs following introduction of a new scorecard.
• Monthly reviews of delinquency performance on new originations; doing deep dives on unexpected trends.
• Engaging with Commercial teams to ensure risk is appropriately factored into broader initiatives and profitability forecasts.

What you will bring

We need knowledge, experience + expertise in:

• University degree level or similar with highly numerate and analytical background
• Strong understanding of credit risk, with experience in developing credit strategies in consumer finance
• Proficient in using SQL/Python for data analysis
• Advanced technical Excel knowledge
• Ability to analyse data, understand trends and apply commercial judgement to produce insights and / or recommendations

And would love you to know or learn:

• Experience in point-of-sale finance
• Experience in mentoring technical and analytical capability of fellow colleagues.

About NewDay

We help people move forward with credit, and help our colleagues to move their careers forward too.

We use our highly flexible, scalable, and multi-product digital credit engine to power over 120 million transactions every year. Our brands include Aqua, marbles, fluid and Bip. We partner with leading brands such as John Lewis, AO, Argos and DEKO.

Over 5 million UK customers are supported by our award-winning customer service.

Inclusion at NewDay

We are an equal opportunity employer and value diversity at our company. We want all of our colleagues to feel able to bring their whole selves to work. We do not discriminate on the basis of disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race, religion or belief, sex, and sexual orientation. We will ensure that individuals with disabilities are provided with reasonable adjustments to participate in the application and interview process

Our dynamic NewDay culture

We\'re focused on what will drive impact in helping people move forward with credit. Our distinctive culture is geared to spark innovation and team working - with lots of open doors for development. Our customers can rely on us because we aim high, support each other, do the right thing and build for the future. We invest in our colleagues. On top of a strong market competitive salary, you get a bonus opportunity that matches the impact (delivery + values) you drive in your role. We also help you retire better with market leading pensions.

At NewDay, #yourwellbeing matters: You get 26 days holiday and can buy up to 5 more after probation. Then you\'ll get extra days as you build your career with us. NewWork, our flexible, hybrid working approach, helps you to manage your work/life. And when you\'re in the office, you get free healthy breakfast, fresh juices, lunch, barista coffee etc. Our tax efficient green car and cycle to work schemes save you money (and help the planet).

Ask your Talent Acquisition Partner to tell you more about any of our perks.

Let\'s talk about this role - contact talent@newday.co.uk

#LI-Hybrid

#LI-AD1

Advertised: 26 Jun 2023 GMT Daylight Time
Applications close: 18 Jul 2023 GMT Daylight Time

NewDay