Credit Risk Manager

JR United Kingdom; Slough; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading bank is seeking a Credit Risk Analyst to join their Risk Management and Regulatory Compliance Department. This role involves analyzing credit applications, monitoring loan performance, and ensuring regulatory compliance within the mortgage and loan sectors of the bank. Candidates should have strong knowledge of UK regulations and excellent analytical skills.

Qualifications

• Strong knowledge of UK regulatory issues (PRA, FCA).
• Experience in a regulated UK financial services institution.
• Advanced Microsoft Office skills including Word, PowerPoint, and Excel.

Responsibilities

• Analyze mortgage and loan applications to assess creditworthiness.
• Monitor and report on loan portfolio performance.
• Prepare and present regular credit risk reports.

Skills

Credit Risk Assessment

Regulatory Compliance

Loan Portfolio Management

Credit Risk Modelling

Analytical Skills

Communication

Presentation Skills

Tools

Microsoft Office

Job description

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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;