Credit Risk Manager - Mortgages

Barclays UK; Manchester; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading financial services firm seeks a Credit Risk Manager to oversee the risk associated with lending portfolios. Candidates should possess extensive portfolio risk management experience, analytical skills, and the ability to translate complex data into actionable insights. Responsibilities include monitoring financial performance, analyzing credit trends, and developing risk forecasting tools. This position offers diverse challenges to influence risk strategies and contribute to the organization's objectives, based in Manchester, Northampton, or Glasgow.

Qualifications

• Experience in managing end-to-end portfolio management activities.
• Ability to direct a team in data-driven analysis.
• Strong understanding of the UK's macroeconomic health.

Responsibilities

• Monitor and analyze the creditworthiness of the lending portfolio.
• Identify credit trends and potential borrower issues.
• Develop quantitative models for predicting credit losses.

Skills

Portfolio risk management experience

Data analysis skills

Senior stakeholder management

Analytical and creative skills

Tools

SAS

SQL

Excel

Job description

Join us at Barclays as a Credit Risk Manager – Mortgages, where you’ll support and help to shape the Risk team’s vision and objectives. You will manage the day to day activities under the team’s responsibility and provide coaching and training to more junior members of the team. The role also involves identifying and recommending changes to risk appetite, setting the annual mandate and scale limits and supporting/proposing changes to credit strategies to Senior Management and Decision Committees. You will also perform credit oversight of risk for the existing portfolio using key metrics including impairment, capital and portfolio quality measures.

To be successful as a Credit Risk Manager – Mortgages, you should have:

• Risk manager with portfolio risk management experience and preferably in retail secured credit.

• Ability to demonstrate experience managing end to end portfolio management activities.

• Ability to direct a technical team to perform data driven analysis and have the ability to interpret and articulate results to solve problems and identify opportunities.

• Ability to direct a team to perform analysis on SAS/SQL/ Excel and other programming languages – essential experience in coding

• Senior stakeholder management skills and the ability to communicate effectively to both technical and non-technical audiences

• Strong analytical and creativity skills.

Some other highly valued skills may include:

• Well-developed personal organisation and commercial acumen, with the ability to deliver accurate results within tight deadlines, influencing stakeholders and colleagues to do so.

• Possess a keen interest in the macroeconomic health of the UK economy and an understanding of how to leverage this understanding to better manage a credit risk portfolio.

• Passion for data driven and conceptual analysis and how this contributes in a commercial context. Understanding of data issues to prepare and validate analysis.

• Knowledge of securitisation process welcomed.

• Understanding of both standardised and advanced capital treatment for secured lending.

You will be assessed on key critical skills relevant for success in the role, such as risk and controls, change and transformation, business acumen, strategic thinking and digital and technology, as well as job-specific technical skills.

This role can based in Manchester, Northampton or Glasgow.

Purpose of the role

To manage and optimise the bank's overall credit risk exposure by monitoring, analysing, and reporting on the creditworthiness of its lending portfolio.

Accountabilities

• Monitoring the financial performance and risk profile of the entire lending portfolio, including individual borrowers, sectors, and geographic regions.
• Analysis of credit trends, identify early warning signs of potential borrowers' issues, and assess the impact of economic and market developments on the portfolio.
• Development and utilisation of quantitative models and risk forecasting tools to measure and predict potential credit losses.
• Performance of portfolio stress testing exercises to assess the impact of various economic and market scenarios on the portfolio's risk profile.
• Definition and setting of portfolio, segment and customer risk appetite, policy and limits. Overseeing first line execution within these parameters.

Vice President Expectations

• To contribute or set strategy, drive requirements and make recommendations for change. Plan resources, budgets, and policies; manage and maintain policies/ processes; deliver continuous improvements and elevate breaches of policies/procedures.
• If managing a team, they define jobs and responsibilities, planning for the department’s future needs and operations, counselling employees on performance and contributing to employee pay decisions/changes. They may also lead a number of specialists to influence the operations of a department, in alignment with strategic as well as tactical priorities, while balancing short and long term goals and ensuring that budgets and schedules meet corporate requirements.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will be a subject matter expert within own discipline and will guide technical direction. They will lead collaborative, multi-year assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will train, guide and coach less experienced specialists and provide information affecting long term profits, organisational risks and strategic decisions.
• Advise key stakeholders, including functional leadership teams and senior management on functional and cross functional areas of impact and alignment.
• Manage and mitigate risks through assessment, in support of the control and governance agenda.
• Demonstrate leadership and accountability for managing risk and strengthening controls in relation to the work your team does.
• Demonstrate comprehensive understanding of the organisation functions to contribute to achieving the goals of the business.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategies.
• Create solutions based on sophisticated analytical thought comparing and selecting complex alternatives. In-depth analysis with interpretative thinking will be required to define problems and develop innovative solutions.
• Adopt and include the outcomes of extensive research in problem solving processes.
• Seek out, build and maintain trusting relationships and partnerships with internal and external stakeholders in order to accomplish key business objectives, using influencing and negotiating skills to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.