Credit Risk Manager

Aldermore Bank; Reading; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading financial institution in Reading is seeking a Credit Risk Manager to oversee credit decisioning strategy and portfolio management. The successful candidate will collaborate with senior stakeholders, ensure compliance with credit risk appetites, and deliver assurance across retail lending portfolios. The role requires proven experience in credit risk management, strong analytical skills, and the ability to provide independent challenge while influencing senior leaders. This role offers a competitive salary and benefits in a flexible work environment.

Benefits

Discretionary bonus scheme

Employee Assistance Programme

Private Medical Insurance

Hybrid Working

Qualifications

• Proven experience in credit risk management within financial services.
• Strong knowledge of credit risk frameworks and regulatory requirements.
• Experience influencing senior stakeholders and contributing to governance forums.

Responsibilities

• Review and challenge credit risk strategies to ensure alignment with policies.
• Deliver assurance across retail lending portfolios and review strategies.
• Set and monitor risk limits across business lines.

Skills

Credit risk management

Analytical skills

Effective communication

Stakeholder management

Job description

The Vacancy

Aldermore Group – why we exist

Let us tell you a bit about us

We’re Aldermore – the award-winning bank, trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages, savings accounts and business finance solutions, we're backing more people to go for it.

We thrive by saying “yes” to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers chose Motonovo Finance every week to buy their next car, van or motorbike.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose.

Let us tell you a bit about the opportunity

The Credit Risk Manager is a second line of defence role, reporting to the Head of Risk Measurement.

The role is responsible for overseeing the Group’s credit decisioning strategy and portfolio management activity, ensuring origination strategies deploy credit capacity effectively and operate within the Group’s approved credit risk appetite.

The role will work closely with the Head of Risk Measurement and engage with a broad range of senior stakeholders, including FirstRand Group, Group Executives and Committees, senior management, regulators, investors, and credit rating and reference agencies, to support oversight of Aldermore’s credit performance and strategy.

This role can be based in any of our offices - Cardiff, Manchester, London or Reading.

To act as an ambassador of the Bank’s vision to; Back more people to go for it in life and in business.

What will your day look like?

The role reports to the Head of Risk Measurement, who will lead performance reviews, regular 1:1s and development conversations.

Key responsibilities

• Oversight: Independently review and challenge 1LOD credit risk strategy, performance and reporting, ensuring alignment with policies, risk appetite, and regulations.
• Assurance: Deliver assurance across retail lending portfolios, reviewing strategies, escalating risks, and partnering with the Policy team to enhance standards.
• Credit optimisation: Collaborate with 1LOD teams to deploy credit capacity effectively and leverage data and best practice to improve approaches.
• Risk appetite: Set and monitor risk limits across business lines with 1LOD and 2LOD teams, ensuring compliance with Board-approved Risk Appetite.
• Strategic partner: Advise senior leaders, influence risk culture, and identify emerging risks and trends to support safe, sustainable growth.
• Governance & stakeholders: Contribute to key governance forums and engage regulators, credit rating agencies, and other external stakeholders on credit risk strategy.

What do we expect from you?

• Proven experience in credit risk management within financial services, ideally operating in a second line of defence environment.
• Strong knowledge of credit risk frameworks, portfolio management and regulatory requirements (e.g. MCOB, CONC).
• Ability to provide effective independent challenge and assurance while working collaboratively with first line teams.
• Experience influencing senior stakeholders and contributing confidently to executive-level governance forums.
• Strong analytical skills with the ability to identify emerging risks, interpret data and translate insight into clear recommendations.
• A proactive, values-led approach that promotes strong risk culture, sound judgement and continuous improvement.

What can you expect from us?

• A friendly and flexible culture, the same as how we work with our customers.
• A growing organisation that means there’s lots of opportunities to progress
• A drive for continuous improvement, which you will be empowered to get behind from day one.
• And of course, you will be rewarded competitively, with a good range of core benefits and bonus potential.

Please note that we have a thorough referencing process, which includes criminal record checks.

Behaviour Framework

Our behavioural framework underpins our purpose and strategic drivers, as it outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead Propositions, Relationships That Last and Progressive Platform) outline what we need to do to succeed, our behaviours guide us in how. In your second interview, we’ll ask you to talk through some examples where you’ve demonstrated these behaviours in your previous roles.

The Benefits

As you would expect, we offer a competitive basic salary and reward package, and you’ll also benefit from our commitment to investing in your professional development throughout your journey with us.

Benefits vary across the business depending on the role you do, but these will give you an idea of what to expect:

• Discretionary bonus scheme
• Aviva Digital GP
• Bus And Tram Benefit
• Employee Assistance Programme
• Eyecare Voucher & Display Screens/Desk Set-Up
• Flu Jab Vouchers
• Group Income Protection
• Life Assurance
• Metrolink Annual Pass & Clipper Ticket
• Microsoft Discounts
• Private Medical Insurance Shopping Discounts
• Toothfairy
• Your Workplace Pension
• Hybrid Working
• Critical Illness
• Cycle To Work
• Dental Insurance
• Give As You Earn
• Government Tax-Free Childcare Scheme
• Octopus Electric Vehicles
• Save Our Planet
• Season Ticket Loan
• Spouse Or Partner Life Assurance
• Technology
• Wearable Technology
• Wellbeing App
• Will Writing

Documents