Senior Lending Policy Specialist - Coventry, Warwickshire, United Kingdom, CV1
About The Role
Lending Policy plays a key role in supporting the delivery of the Society's strategic plan objectives. It defines how much (through our affordability model and income multiples), to whom (through criteria and credit scorecards) and on what property (through valuation / property criteria) the Society will lend and you will take ownership of this crucial part of our credit risk management framework.
The policy is also in place to ensure that the Society's mortgage lending activity complies with regulatory requirements and is in line with the Society's risk appetite and risk philosophy of being a below median risk mutual. So you'll need to provide a balance between robust challenges to the first line and using strategic thinking and problem solving to identify opportunities to improve risk performance and meet Society objectives around Member value, lending volumes and income generation and operational efficiency - we refer to these opportunities as 'risk management strategy' and often capture them within the overreaching term 'Lending Policy'.
You'll be aware of changes in both the external market (competitors and macro- economic changes) and internal performance identifying risks and opportunities to ensure that lending policy remains current, effective and is responsive to change.
You'll be an expert in the research, design and delivery of changes to lending policy. This requires a deep understanding of the operational impacts, governance and technical requirements including decision engine, broader system changes and third party integration needed to implement policy, demanding a high level of collaboration with colleagues from across the Society.
To be successful in this role you will need to develop a broad knowledge of Society systems, processes and strategy. You'll have significant experience in lending policy and underwriting in the UK mortgage market with an in-depth understanding of the relevant regulatory requirements.
You'll have excellent investigative, analytical, research and reasoning skills as well as excellent written and verbal communication and negotiation skills. You'll be out and about in the business a lot, working closely with stakeholders from many different departments and disciplines.