Business Unit: Invoice Finance, Business Bank, Group Commercial
Salary Range: Circa £48,000 per annum DOE + Red Hot Benefits
Location: England Hybrid (mix of homeworking and some on-site customer visits)
Live to challenge the status quo. Live a life more Virgin.
Our Team
We have an exciting permanent opportunity to join our specialist Invoice Finance Audit team and need the right individual who is passionate about making a difference in delivering excellent independent risk assurance to keep our bank safe.
We are all about flexibility, wellbeing and reducing our environmental impact, this means less travel and best use of the resources we have available. We are invested in making your work/life that bit easier by conducting Invoice Finance Audits via a ‘hybrid method' which is a combination of Remote Audit testing (working from home) and some On-site Audits / Surveys at customers' business premises. If you're passionate about providing great service, and willing to do what it takes to make our customers happy, please read on.
What you'll be doing
- Keeping the bank safe by undertaking key independent risk assurance and making appropriate recommendations as part of our wider risk management strategy.
- Undertaking audits of Invoice Finance customers' business activities in relation to Invoice Finance funding, to support the early identification of risks / identification of opportunities for new facilities / facility increases linked to sales performance.
- Evaluating the strength of our underlying collateral, which is primarily the customer's sales ledger, and evaluating strength of cash flow by reviewing data and information held by the customer.
- Validating our customers invoice Finance facilities are administered and operated to terms and existing funding parameters are suitable for continuation.
- Surveying and assessing the suitability of prospective new customers for our Invoice Finance portfolio. Adding value by understanding and reporting the associated risks.
- Presenting audit / survey findings via timely, concise reports, clearly identifying material risks, and making appropriate recommendations within our risk framework. This involves grading Audits in line with a set matrix. Ensuring timely escalation of ‘adverse' graded Audits to Stakeholders within defined SLAs.
- Helping our customers improve by providing feedback and guidance from Audit findings.
- Fostering internal relationships; working closely with the wider IF Leadership and Relationships teams and interacting with wider bank teams.
We need you to have
- Proven substantial Audit / Survey / Risk experience within Invoice Finance.
- Expert knowledge of key Invoice Finance risk areas and security of debt.
- Strong analytical skills: ability to interpret data, identify issues and formulate commercial and manageable solutions.
- A good understanding and, also experience of the mechanics of accounting systems.
- Ability to work on own initiative, with good time management, great attention to detail, planning, prioritisation and organising skills in addition to being able to balance your own work activities.
- Excellent communication and stakeholder management skills.
- Valid UK driving Licence.
It's a bonus if you have but not essential
- Relevant Industry qualifications, e.g., UK Finance Asset Based Lending certification (Foundation / Certificate / Diploma level).
- Good knowledge of Lenvi ‘Riskfactor' Risk Analytics System.
Red Hot Rewards
- Generous holidays - 38.5 days annual leave (including bank holidays and prorated if Part–Time) plus the option to buy more.
- Up to five extra paid well-being days per year.
- 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt.
- Market-leading pension.
- Free private medical cover, income protection and life assurance.
- Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness.
And there's no waiting around, you'll enjoy these benefits from day one.
Feeling insatiably curious about this role? If we're lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.
We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.
Say hello to Virgin Money
We're making great strides towards achieving our ambition of becoming the UK's best digital bank. As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with. We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We're customer obsessed and work tirelessly to create positive experiences for our millions of customers and deliver on our purpose, ‘Making You Happier About Money.' Our customer centric culture means that we're able to do banking differently and by innovating and working together we can make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.
Be yourself at Virgin Money Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities. We're committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.
As a Disability Confident Leader, we're committed to removing any obstacles to inclusion. If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team
Now the legal bit
Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it), but we'll need you to confirm you have the right to work in the UK.
If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks - we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic e