Credit Quality & Model Risk Director

OakNorth; London; On-site; GBP 100,000 - 160,000; Full time

Job summary

Join a growing bank as a Credit Quality & Model Risk Director responsible for ensuring credit quality assurance in a fast-paced, PRA-regulated environment. This role empowers you to shape risk assurance practices and foster strategic relationships with senior stakeholders, driving innovation and efficiency within the team.

Benefits

25 days holiday

Personalized benefits

Subsidised Private Medical Insurance with Bupa

Enhanced maternity and paternity leave

In-house Barista Bar in London office

Volunteering time off

Qualifications

• 10+ years in credit risk and/or model risk within PRA-regulated banks.
• Advanced analytics skills; able to turn data into insight.
• Proven record of running assurance programmes.

Responsibilities

• Own and deliver a credit quality assurance plan focused on thematic reviews.
• Oversee and develop the Model Risk Framework across the bank.
• Lead second line input to IFRS9 provisioning and stress testing.

Skills

Analytical skills

Communication

Leadership

Job description

This job is brought to you by Jobs/Redefined, the UK's leading over-50s age inclusive jobs board.

Since 2015, we've backed entrepreneurs with over £13bn in funding, helping create 56,000+ jobs and 34,000+ new homes across the UK and US. We're dedicated to helping trailblazing businesses thrive and our Risk and Compliance are integral to our growth.

This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don't want another cog in the machine, we're looking for self-starters and bold thinkers who want to pave their own career paths and are passionate about supporting the UK's best and brightest businesspeople.

The Credit Quality & Model Risk Director sits in the second line Risk function, providing the bank clear assurance on credit quality, model-risk control, and provision accuracy. If you have credit and model risk expertise, thrive on challenge, and want to help scale a bank that really matters, this is your chance to shape the future of risk assurance in a PRA-regulated environment.

The role requires someone who can build strong relationships and maintain credibility with senior stakeholders and lead complex second line reviews in a fast-moving environment.

Are you ready to step up to the challenge?

Responsibilities:

Leadership & Oversight

• Own and deliver a credit quality assurance plan focused on thematic reviews.

• Oversee and develop the Model Risk Framework across the bank (credit and financial).

• Lead second line input to IFRS9 provisioning and stress testing.

• Lead and develop the team that delivers credit quality, model risk, and provisioning objectives.

Risk & Regulatory Management

• Design and Implement credit quality management information to aid a data-led approach to second line oversight.

• Maintain and enhance the Model Risk Management Framework.

• Provide independent assurance over internal Credit Policies and new product proposals.

People & Culture

• Foster a culture of healthy challenge, transparency, and continuous learning across first and second lines.

• Act as a role model for a pro-active, evidence-based, values-led approach.

• Manage and coach an India-based SVP.

Innovation

• Drive automation and data-led testing to sharpen insight and efficiency.

• Champion continuous improvement in methodology, documentation, and governance.

• Utilizing Generative AI: Leverage GenAI tools to increase productivity and enhance decision-making processes within the role.

Requirements:

• 10+ years in credit risk and/or model risk within PRA-regulated banks
• Advanced analytics skills; able to turn data into insight
• Credible communicator up to senior executive level, translating complex issues into plain English
• Proven record of running assurance programmes and driving remediation to completion
• Strong command of IFRS 9 and stress-testing
• Leadership experience across multi-location teams

Benefits & Perks:

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday
• Personalized benefits - opt-in to what matters to you
• Subsidised Private Medical Insurance with Bupa
• Enhanced maternity and paternity leave
• Wellbeing and social events
• In-house Barista Bar in London office
• Support causes that matter to you - Volunteering time off
• Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)