Credit Risk Analyst

FirstBank UK Limited; London; Hybrid; GBP 40,000 - 65,000; Full time

Job summary

A leading bank is looking for an experienced Credit Risk Analyst to support its Credit Risk head. This hybrid role involves assessing credit applications, ensuring compliance with regulatory requirements, and contributing to operational risk governance. The successful candidate will have a solid background in banking, financial analysis, and an understanding of emerging market dynamics.

Benefits

Up to 10% employer pension contribution

Private Medical Insurance

Gym subsidy

Interest Free season ticket loan

25 days annual leave plus additional leave for service

Qualifications

• Previous experience in credit risk within a banking environment.
• Strong financial analysis skills and understanding of regulatory requirements.
• Experience in assessing credit applications and understanding of various credit products.

Responsibilities

• Critically assess and challenge credit applications, making recommendations.
• Participate in customer due diligence site visits and prepare call reports.
• Contribute to the RCSA process by reviewing processes and identifying control failures.

Skills

Credit Risk experience

Financial analysis

Understanding of UK regulatory requirements

Exposure to emerging markets

Job description

FirstBank UK is a globally recognised, successful bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business boasts over 10 million active customers in over 700 business locations. Due to business requirements, we are now looking to acquire the services of an experienced Credit Risk Analyst (will also consider an experienced Senior Credit Risk Analyst).

• Please note that this is a hybrid role with 3 days in the office and 2 days working from home

Key Responsibilities:

In this role, you will be part of the team supporting the Head of Credit Risk to plan ahead and deliver our business strategy in line with our long-term goals. You’ll also be involved in overseeing an implementing bank-wide and business activities, engagement agendas and executive reporting.

The Credit Risk Team is primarily responsible for the processing of credit applications, covering Corporates, Financial Institution (Banks and NBFIs), Sovereigns, and Mortgage/Wealth Management client segments.

Credit Applications

• Critically and objectively assess and challenge credit applications and make well-considered recommendations to approving authorities.

• Justify credit decisions/recommendations (both verbally and in writing) and provide value-adding and constructive feedback on credit applications to Business and Credit colleagues.

• Participate in customer due diligence site visits, calls, and meetings. Prepare call reports for each visit/call/meeting within one week of the event.

• Ensure quick turnaround of credit requests while maintaining quality, accuracy and adherence to risk appetite, policies, and procedures.

Credit Governance and Operational Risk

• Prepare for and attend Risk Committee meetings as appropriate.

• Contribute to the RCSA process by reviewing credit processes and identifying areas that may have control failures and determine mitigants.

• Report operational risk incidences in line with internal guidance and reporting requirements

• Contribute to the Credit Risk Analysis team’s Compliance and Audit readiness

Key Skills/Experience:

• Previous Credit Risk experience gained within a banking environment.
• Strong understanding of end-to-end processing of various forms of credit requests (Knowledge of a broad range of products and client segments would be an added advantage.)
• Excellent understanding of financial analysis & ability to read financial reports.
• Excellent understanding of UK Regulatory requirements for the provision of credit facilities and related credit controls.
• Exposure to frontier and emerging markets, preferably Africa, would be an added advantage.

In return we offer a fantastic benefits package including:

• Up to 10% employer pension contribution
• Life Assurance Cover
• Income protection
• Private Medical Insurance plan (upon successful completion of probation period)
• Contribution to glasses/contacts and eye testing
• Gym subsidy (up to £50 per month)
• Cycle to work scheme
• Employee Assistance Program
• Interest Free season ticket loan for travel
• Birthday Leave
• 25 days annual leave, rising to 28 after 3 years and 30 after 8 years’ service
• Give As You Earn (GAYE)

First Bank is an equal opportunities employer and positively encourages applications from suitably qualified and eligible candidates regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, or pregnancy and maternity.

The Curve Group is First Bank UK’s outsource partner for Recruitment and a "Data Processor". The Curve Group will hold the information you submit but First Bank UK will have access to it. You can find their privacy policy here: https://www.thecurvegroup.co.uk/privacy-policy/