Credit Risk Manager

MERJE; Manchester; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in Manchester is seeking a Credit Risk Manager to oversee credit risk management activities. The role involves analyzing portfolio risks, supporting credit risk strategies, and collaborating with stakeholders to enhance risk management practices. Ideal candidates will have a numerical degree, strong analytical skills, and relevant experience in credit risk environments.

Qualifications

• Experience in a credit risk environment.
• Strong understanding of credit risk management concepts.

Responsibilities

• Oversight of first line credit risk management activity.
• Analysis of portfolio credit risks and reporting.
• Support development of new products and strategies.

Skills

Analytical Skills

Attention to Detail

Data Analysis

Education

Numerical Degree

Tools

SQL

Python

Power BI

Excel

Job description

Full Job Description

Location: Manchester (5 days a week)

Key Responsibilities:

1. Oversight of first line credit risk management activity
2. Analysis of portfolio credit risks, providing timely and accurate updates to risk committees
3. Pro-active identification of trends and insights based on regular credit risk reporting, supporting the Senior Credit Risk Manager with the actions required to address areas of concern or opportunity, working with the first line credit risk team
4. Support the Senior Credit Risk Manager with the input and running of 2nd line oversight committees and regular routines
5. Perform analysis to support changes to credit risk strategies, lending, and arrears management policies
6. Support development and monitoring of new products and strategies
7. Analyse portfolio risks and concentrations and build portfolio and arrears forecasting; escalate material risks to committees as required
8. Support the Senior Manager Credit Risk in the development of cost of risk and use of credit scoring strategies
9. In liaison with key stakeholders, identify key pockets of credit risk and ensure that these are being appropriately managed
10. Support the development of affordability, valuation, and credit strategies
11. Maintain comprehensive governance, procedures, and records
12. Build and maintain a strong stakeholder network to share credit risk expertise and insights across the organization

Key Requirements:

1. Numerical degree, strong analytical skills, and excellent attention to detail
2. Experience in a credit risk environment
3. A solid grounding in data analysis using quantitative analytic tools
4. Relevant coding experience, e.g., SQL, Python, Power BI
5. Strong understanding of the fundamental concepts of credit risk management
6. Advanced Excel skills
7. Good understanding of risk management of secured lending portfolios