Credit Risk Manager

www.topfinancialjobs.co.uk - Jobboard; United Kingdom; On-site; GBP 75,000; Full time

Job summary

A prestigious foreign bank in Central London seeks a Credit Risk Manager to support risk management and regulatory compliance. The role involves analyzing loan applications, monitoring portfolios, and collaborating with risk committees. This is an office-based position offering a competitive salary and benefits.

Qualifications

• Experience as a Credit Risk Manager or similar role.
• Strong knowledge of UK regulations including PRA and FCA.

Responsibilities

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

Skills

Credit Risk Management

Presentation Skills

Stakeholder Management

Education

Background in UK-regulated Financial Services

Tools

Microsoft Office

Job description

An exciting opportunity has arisen for a Credit Risk Manager to join a prestigious foreign bank based in Central London. This is an office-based role offering a salary of £75,000 plus 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. Analyze mortgage and loan applications, assessing creditworthiness, financial background, and repayment ability.
2. Appraise loan/mortgage products, terms, conditions, pricing, and 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 credit risk reports and management information regularly.
6. Maintain and update the bank's credit risk policies in line with market conditions and objectives.
7. Monitor loan arrears, gather relevant information, and produce regular reports.
8. Manage mortgage broker selection and oversight policies.
9. Review underwriting and decision-making processes for compliance with loan conditions.
10. Review 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.

Key Experience:

1. Experience as a Credit Risk Manager, Credit Risk Analyst, Credit Risk Officer, or similar role.
2. Background in credit risk management within UK-regulated financial services.
3. Strong knowledge of UK regulations (PRA, FCA), including Consumer Duty and Basel 3.1.
4. Understanding of banking operations, including retail banking, mortgages, SME lending, and related risks and regulations.
5. Confidence in presenting to and influencing senior stakeholders and committees.
6. Proficiency in Microsoft Office, especially Excel, Word, and PowerPoint.
7. Good understanding of financial services processes, procedures, and controls.

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

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