Credit Risk Oversight Manager

Allica Bank Limited; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

Join a rapidly growing fintech firm dedicated to empowering SMEs. As a Credit Risk Oversight Manager, you will play a crucial role in ensuring the integrity of credit risk management practices. You will be responsible for overseeing strategies and models that comply with regulatory standards, while also collaborating across departments to enhance risk management frameworks. This is an exciting opportunity to contribute to a resilient and innovative financial institution that prioritizes the needs of its clients and fosters a diverse and inclusive work environment.

Benefits

Flexible Working Options

Pension Contributions

Discretionary Bonus Scheme

Private Health Cover

Life Assurance

Enhanced Maternity & Paternity Leave

Full Onboarding Support

Regular Social Activities

Qualifications

• Experience with credit risk management tools for SMEs.
• Deep understanding of credit risk models and automated strategies.

Responsibilities

• Review and challenge credit risk lending strategies.
• Validate credit risk models to ensure accuracy.
• Produce reports summarising validation findings.

Skills

Credit Risk Management

Python Programming

Statistical Techniques

Data Analysis

Regulatory Compliance

Tools

Credit Risk Models

Automated Decisioning Tools

Job description

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

The Risk department at Allica Bank serves as a key component of the Second Line of Defence, dedicated to ensuring robust management of credit risk across the organisation.

The Risk team plays a pivotal role in providing challenge and oversight on the credit risk components of the bank’s IFRS 9 model, maintaining the integrity and precision of the bank’s risk management framework. Our work is essential to supporting Allica’s continued growth while maintaining a strong and resilient risk management culture.

Role Description

The Credit Risk Oversight Manager is expected to support the provision of Second Line oversight and challenge credit risk management. The role will be expected to ensure that credit risk strategies, policies, models, and tools comply with the appropriate Risk Management Frameworks, internal standards, and regulatory requirements.

As a Credit Risk Oversight Manager, they will be expected to assist the Head of 2LOD Credit Risk in developing and overseeing statistical risk models within the bank.

Principal Accountabilities

• Review and challenge credit risk lending strategies.

• Validate credit risk models and strategies to ensure accuracy and reliability.

• Produce reports summarising the validations, highlighting areas for potential improvement.

• Provide oversight of the implementation of credit risk models and strategies.

• Review credit portfolio monitoring including model and strategy monitoring to ensure ongoing performance and compliance.

• Perform periodic audits of credit risk tools including models and automated strategies to ensure ongoing compliance and performance.

• Keep abreast of the latest developments in credit risk management, modelling and regulatory requirements to ensure best practices are followed.

• Collaborate across different business areas and communicate effectively at all levels of the bank

Personal Attributes & Experience

• Knowledge of credit risk management tools across the range of SME customers. This includes both manual underwriting and automated decisioning.

• Deep understanding of credit risk models and automated strategies, including development, validation, and implementation.

• Experience in Python programming.

• Expertise in statistical and mathematical techniques used in risk modelling.

• Familiarity with regulatory requirements and standards related to credit risk management and model risk management.

• Ability to analyse large datasets to assess model performance and identify potential issues.

• Meticulous attention to detail to ensure models meet all internal and external standards.

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Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.