Credit Risk Manager

Additional Resources Recruitment; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading company in the banking sector is seeking a Credit Risk Manager to oversee credit risk, focusing on mortgage business. The role involves analyzing applications, preparing reports, and ensuring compliance with regulatory standards, all while collaborating with various stakeholders.

Qualifications

• Strong knowledge of UK regulatory issues including PRA, FCA.
• Experience in regulated UK financial services.

Responsibilities

• Analyze mortgage and loan applications for creditworthiness.
• Prepare and present credit risk reports.
• Monitor loan portfolio performance.

Skills

Credit Risk Assessment

Regulatory Compliance

Financial Analysis

Communication

Organizational Skills

Tools

Microsoft Office

Job description

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Additional Resources Recruitment provided pay range

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Areas of Experience - Credit Risk Assessment and Analysis, Loan Portfolio Management, Regulatory Compliance, Credit Risk Modelling and Reporting

Job Summary

The Credit Risk unit, part of the Risk Management and Regulatory Compliance Department, plays a vital role in overseeing the Bank’s credit risk. Operating as an independent ‘second line’ function, the team manages and reports on the credit risk profile, focusing primarily on the Bank’s mortgage business, with a small number of corporate clients.

Reporting directly to the Head of Risk Management and Regulatory Compliance, this role will provide essential support to customer-facing ‘first line’ business roles and collaborate with the Bank’s risk committees, including the Management Credit Committee (MCC) and the Board Credit Committee (BCC).

Key Responsibilities:

• Analyze mortgage and loan applications, assessing creditworthiness, financial background, and ability to repay.
• Appraise loan/mortgage product types, terms, conditions, pricing, and required covenants.
• Support customer relationship managers to ensure excellent service, prompt decisions, and clear communication of terms.
• Monitor, control, and report on loan portfolio performance, identifying trends and improving the credit risk profile.
• Prepare and present regular credit risk reports and management information.
• Maintain and update the bank’s credit risk policies in line with market conditions and the bank’s objectives.
• Monitor loan arrears, gather relevant information, and provide regular reports.
• Manage mortgage broker selection and oversight policies.
• Review underwriting and decision-making processes to ensure compliance with loan conditions.
• Review and assure credit risk model outputs, such as expected credit loss (ECL) and IFRS9 calculations.
• Conduct stress testing on the loan portfolio and support the bank’s ICAAP process.
• Assist the Head of Risk Management and Regulatory Compliance and executives in regulatory matters and meetings.

Key Experience:

• Strong knowledge of UK regulatory issues (PRA, FCA), including Consumer Duty, Underwriting Standards, Basel 3.1, and Credit Policy.
• Experience working in a regulated UK financial services institution.
• Solid understanding of banking operations, including retail banking, mortgages, SME lending, and associated risks and regulations.
• Skilled in preparing high-quality presentations for meetings, workshops, and training.
• Comfortable challenging and influencing senior stakeholders.
• Excellent written and verbal communication skills with the ability to lead and persuade.
• Strong planning, organizational skills, and attention to detail.
• Good understanding of financial services processes, procedures, and controls.
• Advanced Microsoft Office skills, including Word, Powerpoint and Excel;

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Management

• Industries

  Banking and Investment Banking

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