Credit Risk Manager

Additional Resources Ltd.; London; On-site; GBP 75,000; Full time

Job summary

An exciting opportunity awaits for a Credit Risk Manager to join a prestigious foreign bank in Central London. This office-based role offers a competitive salary and the chance to work with a dynamic team. You will play a crucial role in assessing creditworthiness, supporting customer-facing teams, and collaborating with risk committees. Your expertise in credit risk management and UK regulations will be essential in monitoring loan performance and ensuring compliance. This position promises career growth and the opportunity to influence key decisions within the bank's risk management framework.

Qualifications

• Experience as a Credit Risk Manager or similar role.
• Solid knowledge of UK regulations and banking operations.

Responsibilities

• Analyse mortgage and loan applications for creditworthiness.
• Prepare and present regular credit risk reports and management information.
• Monitor loan portfolio performance and improve credit risk profile.

Skills

Credit Risk Management

Regulatory Compliance

Analytical Skills

Stakeholder Management

Microsoft Excel

Financial Analysis

Tools

Microsoft Office

Job description

An exciting opportunity has arisen for a Credit Risk Manager to join a prestigious foreign bank based in the heart of Central London.

This is an office-based role offering a salary of £75,000 and benefits.

As a Credit Risk Manager, you will report directly to the Head of Risk Management and Regulatory Compliance. Your role will involve supporting customer-facing 'first line' business roles and collaborating with the bank's risk committees, including the Management Credit Committee (MCC) and the Board Credit Committee (BCC).

Key Responsibilities:

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

Key Experience:

• Previously worked as a Credit Risk Manager, Credit Risk Analyst, Credit Risk Officer, or in a similar role.
• Background in credit risk management within a UK-regulated financial services setting.
• Solid knowledge of UK regulations (PRA, FCA), including Consumer Duty and Basel 3.1.
• Solid understanding of banking operations, including retail banking, mortgages, SME lending, and associated risks and regulations.
• Confident in presenting to and influencing senior stakeholders and committees.
• Skilled in Microsoft Office, particularly Excel, Word, and PowerPoint.
• Good understanding of financial services processes, procedures, and controls.

Apply now for this exceptional Credit Risk Manager opportunity to work with a dynamic team and further enhance your career.