Senior Manager| Vehicle Finance Product Management

Job description
Location: London, Petersfield, Bradford

Salary

Closing Date: Thursday 17 October 2024

We’re Vanquis Banking Group plc, a FTSE All Share company, and a leading specialist bank, focused on the near prime and mid cost credit markets.

The Group has been providing financial inclusion, which supports social mobility, to those whose needs have not been well met by traditional lenders for over 140 years. We lend responsibly and provide tailored products and services to 1.7 million customers throughout the UK.

We're proud to support the 1 in 5 people in the UK who can’t get access to credit products through mainstream banks and building societies. We want to provide a helping hand when others don’t. That’s why our aim is to continue to develop better banking products for the 10-12 million people in the UK who deserve good quality products that they can’t get anywhere as well as to support the whole of the UK population to build up their financial resilience and better protect themselves against the rising cost of living.

Vanquis Banking Group is a unified group made up of two brands: Vanquis (cards and loans) and Moneybarn (vehicle finance). While they offer different products and services, they share the common purpose and customer-centric values at the heart of our group. We understand our customers are real people with varied life experiences, so everything we do from our products to our customer experience is designed with this in mind.

Role purpose

An experienced and innovative Senior Manager, Product Management is required to lead the transformation of the VBG Vehicle Finance proposition in line with our wider customer strategy and to drive profitable growth across our target market.

You will lead a team to manage and develop existing and new products, ensuring customer centric design that delivers fair value for our customers. Reporting to the Head of Vehicle Finance, you will deputise for them when required and be part of the leadership team. You will lead strong collaboration across the business for the benefit of our customers and ensure that their needs are met.

Key Responsibilities
• Maintain and maximise existing products across their lifecycle against the customer value and regulatory frameworks
• Developing the Product plan/roadmap and driving new products and opportunities that

drive the growth strategy across a variety of channels and stay ahead of market demands
• Drive innovation to maintain a competitive edge with both end consumers and

intermediaries
• Lead and mentor a high performing team who manage Vehicle Finance products and

services (end to end), fostering a culture of excellence and continuous improvement
• Lead various initiatives across the business simultaneously and with flexibility of changing business needs
• Ensure the end to end delivery of the product and related journeys/processes meet

customer, regulatory and commercial objectives
• Develop, manage and motivate colleagues in the business to create an environment for

success aligned to our culture. This includes the co-ordination of resources, effective

talent and performance management

What You Bring To The Team
• Extensive experience in financial services, including leadership roles. Strong knowledge of

lending products (Vehicle Finance desirable) and market dynamics
• Proven track record in product development in a financial services environment
• Ability to build and maintain strong relationships with internal and external stakeholders
• String analytical and problem solving skills, with experience in designing digitally led products
• Deep understanding of regulatory, legislative and compliance requirements in the UK financial services sector
• Leadership and people management experience
• Proven strong stakeholder engagement and collaboration skills
• Deep understanding of financial services / lending products and track record to innovate while managing complex product development cycles and multi-distribution platforms
• A track record of delivering improvements – articulating vision, inspire

confidence/credibility and influence at a senior/board level

Location: London, Bradford, Petersfield or Chatham

Benefits: 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, discretionary annual bonus, 25 days holiday up to 30 days (depending on service), pension scheme with matched company contributions up to 10%, 1 paid day to ‘give back’ 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 ‘Save as you Earn’ and 'Buy as you Earn' schemes.

We offer a range of training and development opportunities to help each of our colleagues maximise 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.

Working Pattern: Our working style is hybrid, but we recognise the importance of

collaborative working with our working with our colleagues often 2 days per week in one of our offices . More office-based working may be required during project rollouts or when we have a higher number of users in the office.

What to expect next: 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.

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 ****** orientation, martial 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, its 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 talent.acquisition@vanquis.com

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