Nick Ware Email & Phone Number

Swindon, England, United Kingdom

I lead a team of finance and risk professionals whose responsibilities include providing close and continuous challenge to the setting of Nationwide's strategic direction. We conduct formal oversight of all financial planning and stress testing exercises, including Reverse Stress Test, PRA ACS stress test, Internal solvency stresses, Recovery Plan and Financial Plan setting. We also provide Horizon Scanning insights to all levels of management and the Nationwide Board

Providing oversight of Nationwide Retail lending (secured and unsecured) portfolios - leading a team of experienced risk professionals who work with relevant Heads of Credit and their teams to oversee how Nationwide manages primarily credit risk, with an eye on other risks (conduct, operational and business/strategic risk)

Responsible for managing the credit risk profile of Nationwide secured portfolios - including Prime and Buy to Let (TMW) portfolios. Responsibilities included leading a team of c. 20 risk professionals in managing portfolios (c. £160bn) within risk appetite. Successfully introduced Nationwide's response to MMR changes in 2014, plausibility checks within Underwriting and implementation of new scorecards.

Led small team responsible for managing pricing on Nationwide's personal loan business - using both the Nationwide brand and Derbyshire brand as price fighter online ensuring the portfolio grew in line with financial plans, and generated a return on capital for Nationwide. Used both risk based and optimised pricing, using NOMIS software - considering both the risk associated with lending, and the propensity of borrowers to pay specific rates. During role, Nationwide often featured as market… Show more Led small team responsible for managing pricing on Nationwide's personal loan business - using both the Nationwide brand and Derbyshire brand as price fighter online ensuring the portfolio grew in line with financial plans, and generated a return on capital for Nationwide. Used both risk based and optimised pricing, using NOMIS software - considering both the risk associated with lending, and the propensity of borrowers to pay specific rates. During role, Nationwide often featured as market leader, with my team introducing the concept of 'loan sale' - short term 'top of market' sale rates, and renegotiated contract with 3rd party supplier of software Show less

Responsible for providing MI and insight on the performance of Nationwide unsecured lending portfolios. Introduced risk based APR's on credit card portfolios - using insight gained to understand the impact of different APRs on card take up and utilisation, both during and after introductory periods. Built strong analytical capability, encouraging team to access different datasets throughout Nationwide (risk, finance, product, fraud and transactional data) to create new insights for senior… Show more Responsible for providing MI and insight on the performance of Nationwide unsecured lending portfolios. Introduced risk based APR's on credit card portfolios - using insight gained to understand the impact of different APRs on card take up and utilisation, both during and after introductory periods. Built strong analytical capability, encouraging team to access different datasets throughout Nationwide (risk, finance, product, fraud and transactional data) to create new insights for senior management. Worked with 3rd party supplier to build transaction level profitability model for credit card portfolio. Show less

Developed the business and financial strategies for the Nationwide Credit Card and Personal Loan portfolios. This involved close work with Finance and supporting functional areas to ensure delivery of plans, with the resulting financials delivering the appropriate contribution to Nationwide.Key priority for the first 6 months in the role was to change the emphasis of the product team to be much more focussed on financial results and sales. At this time, with the credit crunch affecting the… Show more Developed the business and financial strategies for the Nationwide Credit Card and Personal Loan portfolios. This involved close work with Finance and supporting functional areas to ensure delivery of plans, with the resulting financials delivering the appropriate contribution to Nationwide.Key priority for the first 6 months in the role was to change the emphasis of the product team to be much more focussed on financial results and sales. At this time, with the credit crunch affecting the Financial services industry profoundly, it was very important to eradicate inefficiencies, and offer a proposition that met our members financials needs whilst generating a financial return for Nationwide. During 2009, stepped up as acting Head of Credit Card for period of 6 months pending the start of new role holder. Show less

Led a team responsible for the operation and reporting of both Economic Capital and Regulatory Capital models. Responsibilities included the development of the first Group Risk Report which included some breakthrough thinking on risk reward reporting. Responsible for the development of Nationwide Group’s stress testing capability, for the first time integrating results from of stress tests on the Retail, Commercial, Treasury portfolios, and a market risk stress into the financial analysis… Show more Led a team responsible for the operation and reporting of both Economic Capital and Regulatory Capital models. Responsibilities included the development of the first Group Risk Report which included some breakthrough thinking on risk reward reporting. Responsible for the development of Nationwide Group’s stress testing capability, for the first time integrating results from of stress tests on the Retail, Commercial, Treasury portfolios, and a market risk stress into the financial analysis. This work, incorporating inputs from all relevant areas including Finance, Product and Strategy and Planning, was timely in so much as it examined the impact on Nationwide of a rapid and significant decrease in BoE Base Rate, helping Senior Management understand the inherent risks of the Nationwide business model under this scenario. Show less

Range of analytical roles working in teams managing credit risk strategy, scorecard development and insight/MI on all Nationwide credit portfolios (including Banking). Developed risk strategies exploiting customer level risk management system and scorecards to introduce pre-assessed credit card and personal loan offers