Credit Risk Manager - Oversight

TN United Kingdom; London; On-site; GBP 60,000 - 90,000; Full time

Job summary

A leading company in the financial sector is seeking a Credit Risk Manager - Oversight in London. The role involves providing independent assurance and advisory support to management, promoting a positive risk management culture, and collaborating with various teams to ensure effective risk oversight. Candidates should possess strong analytical and communication skills, with experience in credit risk management and a proactive approach to workload management.

Qualifications

• Experience in credit risk management roles.
• Excellent written and verbal communication skills.
• Ability to work independently and proactively.

Responsibilities

• Provide oversight of risk management standards.
• Identify control gaps and communicate with stakeholders.
• Prepare and agree on scope memos with key stakeholders.

Skills

Analytical thinking

Effective communication

Problem-solving mindset

Relationship management

Education

Risk-related qualification (e.g., IRM)

Tools

MS Office Word

MS Office Excel

MS Office PowerPoint

Job description

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You will provide independent assurance and advisory support to the management of credit risk. As part of the second line of defence, the Credit Risk Manager - Oversight will be responsible for delivering effective assurance over the credit risk lifecycle, identifying weaknesses, and working closely with stakeholders to agree and track appropriate actions. The role will collaborate with the first line Credit Risk and Collections teams to promote a balanced risk-reward approach that ensures the bank's long-term stability and success.

Responsibilities:

1. Promote a positive risk management culture that balances good customer outcomes with the bank's strategic objectives.
2. Provide oversight of risk management standards and outcomes within first line credit risk.
3. Assess current and future risks, including those arising from regulatory and macroeconomic changes.
4. Identify control gaps, weaknesses, or failures related to credit risk, and communicate these to relevant stakeholders.
5. Manage the design and execution of credit risk oversight reports to monitor key risk indicators, risk mitigations, and customer outcomes.
6. Deputise for the senior manager in credit risk governance meetings as required.
7. Maintain a good understanding of the bank's credit risk exposures to support the development of risk management standards and behaviors.
8. Support the ongoing development of credit risk oversight frameworks and methodologies.
9. Complete risk assessments ahead of assurance activities to inform approach and strategy.
10. Prepare and agree on scope memos and objectives with key stakeholders.
11. Deliver fieldwork against assurance scope, including an integrated assessment of the risk and control environment.
12. Provide detailed reports with quantified findings on credit risk exposures and weaknesses.
13. Present and agree on findings with key stakeholders before circulation of final reports.
14. Follow up on action statuses and test their implementation where necessary.
15. Maintain strong, cooperative, and effective working relationships with colleagues.
16. Ensure all communications are clear, concise, and informative.
17. Offer sound advice with clear rationale, articulating impacts and benefits.
18. Maintain a ‘no-surprises’ approach to credit risk findings or concerns.

Experience required:

• Ability to deliver high-quality, accurate work to deadlines and support others in doing so.
• Effective communication skills to gain management support through reasoned arguments and decision-making.
• Analytical thinking to interpret MI/BI for sound decision-making.
• Problem-solving mindset with thoughtfulness, drive, and appropriate urgency.
• Excellent written and verbal communication skills to influence, negotiate, feedback, and challenge constructively at all levels.
• Proficiency in MS Office Word, Excel, PowerPoint.
• Proven ability to plan, organize, and prioritize work effectively under tight deadlines.
• Strong initiative to conclude assurance results independently.
• Ability to work proactively and independently, taking ownership of tasks to meet deadlines.
• Positive attitude and leadership qualities to motivate others.
• Enthusiasm and passion for interacting with colleagues.
• Focus and drive when working towards stretched goals and deadlines.
• Detailed knowledge of risk management frameworks.
• Excellent relationship management and influencing skills, balancing assertiveness with relationship building.
• Experience in credit risk management roles.
• Experience in control monitoring or quality assurance.
• Risk-related qualification (e.g., IRM) is desirable but not essential.
• Ability to partner with stakeholders, ensuring understanding and agreement through information and judgment to create recommendations and support decisions.