Credit Risk Manager

TN United Kingdom; Bury; On-site; GBP 50,000 - 80,000; Full time

Job summary

An established industry player in the energy sector is seeking a Credit Risk Manager to join its dynamic Finance department. This role involves overseeing credit risk assessments, developing risk management strategies, and ensuring compliance with credit policies. The ideal candidate will possess strong analytical skills, proficiency in credit risk modelling, and experience in financial analysis. You will collaborate with various departments to enhance risk management practices while leading a team of credit analysts. This position offers an exciting opportunity to make a significant impact in a forward-thinking organization dedicated to continuous improvement.

Qualifications

• Minimum of 5 years of experience in credit risk management or related field.
• Educated to degree level or relevant professional qualification.

Responsibilities

• Conduct thorough credit risk assessments of new and existing clients.
• Develop and maintain credit risk models and scoring systems.
• Lead and mentor a team of credit analysts and risk management professionals.

Skills

Analytical Skills

Financial Analysis

Credit Risk Modelling

Communication Skills

Organizational Skills

Risk Management Software Proficiency

Microsoft Office Suite

Credit Agency Systems (Experian)

Education

Degree Level Education

Relevant Professional Qualification

Tools

Risk Management Software

Microsoft Office Suite

Credit Agency Systems (Experian)

Job description

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National Power Supplier based in Greater Manchester has engaged us to recruit a Credit Risk Manager to join the dynamic Finance department.

The Credit Risk Manager will be responsible for overseeing the credit risk assessment process, developing risk management strategies, and ensuring the company's credit policies and procedures are adhered to.

This role requires a keen understanding of credit risk principles, strong analytical skills, and the ability to work collaboratively with various departments.

Role

Conduct thorough credit risk assessments of new and existing clients, analyse financial statements, credit reports, and other relevant data to evaluate creditworthiness.

Develop and maintain credit risk models and scoring systems, develop, implement, and update credit risk policies and procedures.

Ensure compliance with regulatory requirements and internal policies, monitor and report on the effectiveness of credit risk management strategies. Whilst monitor the credit risk exposure of the company’s Portfolios.

Identify, measure, and manage credit risk concentrations, recommend actions to mitigate credit risks and improve portfolio quality.

Monitor credit Insurance positions to ensure cover is kept relevant, prepare detailed reports on credit risk assessments and portfolio performance. Communicate findings and recommendations to senior management and stakeholders.

Collaborate with other departments to ensure a comprehensive approach to risk management.

Lead and mentor a team of credit analysts and risk management professionals, provide training and development to enhance the team’s skills and knowledge. Foster a culture of continuous improvement and risk awareness

Skills

Strong analytical and quantitative skills.

Proficient in financial analysis and credit risk modelling.

Excellent written and verbal communication skills.

Ability to work independently and as part of a team.

Detail-oriented with strong organizational skills.

Proficient in risk management software and Microsoft Office Suite.

Experience with Credit Agency Systems (Experian)

Experience

Educated to degree level or relevant professional qualification

Minimum of 5 years of experience in credit risk management or related field.