Lead Analyst, Near Prime Credit Strategy

Lead Analyst, Near Prime Credit Strategy

Permanent Full Time role in Credit Risk.
Located in London - Hybrid.

Your new role at NewDay

Operating as part of a team of senior and junior credit analysts, this dynamic role looks to improve the credit quality of the NewDay cards portfolios, supporting the targeted, responsible growth of the Direct to Consumer business. The role leads on the design and optimisation of credit strategies, with a focus on positive customer outcomes, forecasting of credit performance, and operational oversight of the control environment for the wider New Customer Lending team.

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 and Argos.

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

At NewDay, we value all types of diversity. We're an equal opportunity employer and believe that our differences create a vibrant, authentic working culture. We want all our colleagues to feel able to bring their whole selves to work. We don't discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation.

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, 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 balance - and even bolt on work time in other countries before or after your holiday. 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).

Key Responsibilities:

1. A step change in our ability to effectively underwrite Direct marketing acquisition channels
2. Monitor, develop and implement credit strategies to maintain risk performance within Budgeted levels
3. Act as the team's conduit into the world of change, ensuring our changes are delivered promptly and that impacts of upstream change are flagged early
4. All credit forecasts for the Near Prime portfolio, acting as the face of the team with finance and enhancing the process to produce those forecasts
5. Build and maintain relationships with key stakeholders

We need knowledge, experience + expertise in:

1. You'll have a university degree or equivalent experience with a highly numerate and analytical background
2. Proficient use of SQL in analysis and strategy development
3. Experience within a financial services organisation, with knowledge of consumer credit sector and products, and a core background in risk and / or analytics
4. Creativity, energy and a drive to succeed
5. Ability to drive multiple initiatives forward simultaneously, independently, on time and to the highest standard

And would love you to know or learn:

1. Development of credit acquisitions strategies and implementing policies and controls to govern acquisitions strategies
2. Credit modelling and forecasting techniques
3. Proficiency in the use of Python
4. Working understanding of decision systems e.g. Provenir