Credit Risk Portfolio Manager - 12month FTC

HANDELSBANKEN PLC; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A prominent financial institution in London is seeking a Credit Risk Portfolio Manager for a 12-month fixed-term contract. You will lead the strategic development of credit portfolio management, conduct data analysis, and embed key models while guiding senior management insights. The ideal candidate will have extensive experience in financial services and strong analytical skills, particularly with SAS. This role offers a competitive salary and benefits, including a market-leading pension contribution.

Benefits

Private medical insurance

Life assurance

15% pension contribution

Qualifications

• Experience in financial services, with a strong understanding of credit lending processes.
• Solid analytical skills and hands-on experience with statistical data programs.
• Ability to challenge and influence senior management effectively.

Responsibilities

• Lead development of credit portfolio management, including data analysis.
• Conduct data-led thematic reviews on emerging risks.
• Embed model outputs into the Bank's portfolio MI.

Skills

Credit lending processes

Analytical background

SAS

Leadership skills

Stakeholder influence

Attention to detail

Job description

Overview

Credit Risk Portfolio Manager — 12 month Fixed Term Contract opportunity within the Credit Risk team; the team provides independent oversight of credit risk and sits within 2LOD.

The team is responsible for independent credit risk control, governance, portfolio management, delivery of the IRB programme and input into bank-wide activities where credit subject matter expertise is required. Key strategic areas include ICAAP, IRB and risk framework embedment. The breadth of deliverables requires a flexible and collaborative approach from team members.

The role will take a leading part in enhancing the bank's portfolio management capabilities, working across the existing risk control function to develop portfolio oversight and analytics, and with data and model development teams.

Please note there are no line management responsibilities / reportees for this role.

Responsibilities

• Lead the strategic development of credit portfolio management capability, including data analysis and insights, scenario analysis, oversight reporting and insight sharing. That includes:
• Leading and conducting data-led thematic reviews on identified or emerging risks as well as embedding improved data governance into daily work;
• Contribute to credit risk requirements during the development of new systems and databases as well as embedding the ones already launched within our credit risk monitoring capabilities;
• Embed IRB and IFRS 9 model outputs into the Bank's portfolio MI;
• Provide portfolio oversight for the Bank's portfolio and communicate insights to various management levels across the Bank.
• Provide insight to strategic objectives through the integration of IRB models in the bank.
• Actively promotes and ensures adherence to the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring timely and appropriate escalation of concerns to relevant senior stakeholders.

Ideal Candidate

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...

• Have relevant experience working in financial services, including solid understanding of credit lending processes, IRB models and regulation (CRR, EBA, PRA);
• Have a strong analytical background and good numerical skills;
• Hands on experience from one or more statistical data programmes, including SAS
• Be able to demonstrate leadership skills and the ability to build cross functional teams.
• Be comfortable challenging and influencing stakeholders including senior management.
• Be proactive and able to act on their own initiative, delivering high quality outcomes.
• Have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing with excellent attention to detail.

Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

Check our Handelsbanken website for further information.

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.

What is in it for you?

• We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
• Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
• A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)

Application steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

There will be two stages of interview for this application process.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support, e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process — just let us know by email [e-mail].

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.