Credit Risk Manager | S3 | Risk Division | Milton Keynes | Internal Mobility

Santander; Milton Keynes; Hybrid; GBP 59,000 - 89,000; Full time

Benefits offered by this job

Competitive rewards

Wellbeing programs

Hybrid working

Job summary

Santander is seeking a Credit Risk Manager based in Milton Keynes to join the UK Credit Risk team. You will join the Large Corporate & Event-Driven Credit group, providing independent risk analysis and sanctioning for mid-market transactions, including private equity-backed deals and growth-oriented SMEs.

You will contribute to risk assessment, decision making, and collaboration with Front Office and Risk teams. The role emphasizes innovative approaches, governance, and strong credit arguments.

Qualifications

• Understanding of corporate banking products and derivatives.
• Knowledge of banking documentation such as LMA for Leveraged Finance.
• Excellent time management and ability to prioritise workloads with strong stakeholder management.
• Ability to make independent, well-argued credit decisions and justify sanctions.

Responsibilities

• Analyse requests and produce high-quality credit analyses with a balanced view of risks and actions.
• Sanction decisions or advise Credit Fora and Committees on recommendations.
• Support and lead projects with Head of Large Corporate & Event-Driven Credit.
• Develop and maintain relationships with Risk and Front Office stakeholders.
• Provide guidance on risk appetite, structuring, and mitigation when required.

Skills

Corporate banking products

Banking documentation (LMA)

Time management

Stakeholder management

Education

Banking / Finance / Accounting degree

Job description

Credit Risk Manager | S3 | Risk Division | Milton Keynes | Internal Mobility

IT STARTS HERE

Santander (www.santander.com) is evolving from a global, high-impact brand into a technology-driven organisation, and our people are at the heart of this journey. Together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what's possible.

This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference.

Our mission is to contribute to help more people and businesses prosper. We embrace a robust risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.

UK Credit Risk

is responsible for effective management and control of material risk arising from Corporate & Commercial Banking, Business Banking, Chief Finance Office and Retail Banking. As the second line of defence, Credit Risk is independent from customer facing counterparts who are the first line of defence and responsible for Credit Risk originated through lending activity.

THE DIFFERENCE YOU MAKE

UK Credit Risk is looking for a Credit Risk Manager based out of Milton Keynes.

We're excited to be recruiting for a Credit Risk Manager to join us in the Large Corporate & Event-Driven Credit team. As a Credit Risk Manager, you'll be part of a close-knit and high-performing team.

The Large Corporate & Event-Driven Credit team provides independent risk analysis and sanctioning for mid-market private equity-backed transactions (LBOs), high-growth SME financing, Large Corporates, and Strategic Debt Solutions.

We're shaping the way we work through innovation, cutting-edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will be responsible for:

• Analysing requests, producing high-quality credit analysis with a balanced view of the risks and a clear course of action.
• Sanctioning under own DA or providing recommendations to higher DA holders / Credit Fora or Committees
• Assisting and supporting colleagues and Head of Large Corporate & Event-Driven Credit incl. involvement / lead in projects.
• Developing and maintaining good working relationships with key stakeholders across Risk and Front Office.
• Providing guidance and advice to Front Office colleagues re risk appetite, structuring, and risk mitigation when required e.g. sightings / initial appetite discussions.

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us greater as a team and as an organisation. We're enabling teams to go beyond by valuing who they are and empowering what they bring.

The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Professional Experience

• Background in or exposure to the UK corporate lending / structured finance market / cashflow lending (Required).
• Some background in or exposure to mid-market private equity-backed leveraged lending (LBOs) / high-growth entrepreneurial SMEs (ideally both) (Preferred).

Education

• Banking / Business / Finance / Accounting related degree or similar (Preferred).

Skills

• Understanding of the corporate banking suite of products, including derivatives and other specialist products offered by the bank (Required).
• Some knowledge of banking documentation (Required) including LMA for Leveraged Finance (Preferred).
• Effective time management skills and the ability to prioritise workloads, meet deadlines and excellent stakeholder management skills (Required).
• Ability to make firm, independent decisions and provide clear, concise, credit arguments to justify sanctions/ recommendations (Required).

WE VALUE YOUR IMPACT

At Santander, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return.

Here, recognition goes beyond pay. It's about the pride you feel in your work, the impact you have on customers and communities, and the opportunities you have to grow and thrive - personally and professionally.

Salary Range:

£59,200.00 - £88,800.00 per annum (depending on experience)

This salary range represents the expected remuneration for the role. Annual salary is based on a standard 35-hour working week. Actual salary offered will depend on skills, experience, qualifications and location.

• Competitive rewards that reflect the real impact you make and the value you bring.
• Wellbeing that goes beyond work - we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Support for every life stage - from menopause and pregnancy to parenthood and beyond, with enhanced family leave, childcare options and tailored wellbeing support.
• Time to give back through volunteering opportunities that let you make a difference in the communities we serve.
• Global growth opportunities to shape your career, learn new skills and explore what's possible across our international network.

Ready to be recognised? It starts with you.

LOCAL COMPLIANCE

At Santander, we're proud to be an inclusive organisation that provides equal opportunities for everyone - regardless of age, gender, disability, civil status, race, religion or sexual orientation.

We're committed to creating a recruitment experience that's accessible, fair and welcoming for all candidates.

We want our people to thrive - at work and at home - while delivering the best outcomes for our customers and supporting each other to grow.

To make this possible, our roles are site-based with a hybrid working pattern, where colleagues are expected to attend the office at least 12 days per month (pro-rata for part-time roles).

When applying, please consider the travel distance, time and cost to your chosen office location(s).

IMPORTANT INFORMATION FOR INTERNAL APPLICANTS:

PERMANENT ROLES:

• If you are currently employed by Santander UK plc on TSB Legacy terms or by TSB and choose to apply for this Santander vacancy, please be aware that, if successful, you will move onto full Santander terms and conditions of employment and will no longer be part of the TSB Legacy population with effect from the start date of your new role.

If you want to know more about the opportunity:

Please contact: Alexander Gold - [e-mail]