Head of Credit Risk

Kind Consultancy Limited; England; On-site; GBP 80,000 - 120,000; Full time

Job summary

A growing alternative Financial Services business in the West Midlands is seeking a Head of Credit Risk for a full-time, permanent role. The successful candidate will lead the Credit Risk function, ensuring effective management of risk and compliance with regulations while developing strategies to balance risk with growth ambitions.

Qualifications

• Extensive experience of Credit Risk assessment within UK banking.
• Proven ability to implement credit risk frameworks.
• 10+ years of experience in a Credit Risk/Commercial Leadership role.

Responsibilities

• Lead and manage the Credit Risk function.
• Develop Credit Risk and Treasury strategies.
• Ensure compliance with credit risk regulations.

Skills

Experience in Credit Risk assessment

Understanding of credit risk frameworks

Analytical skills

Excellent communication skills

Problem-solving skills

Education

Relevant professional qualifications (e.g. CICM)

Job description

Kind Consultancy is working with a succesful, growing alternative Financial Services business which is currently seeking a Head of Credit Risk to join them in a full-time, permanent role primarily based in their West Midlands offices, paying a competitive annual salary.

The Head of Credit Risk will lead and manage the Credit Risk function, , ensuring effective identification, assessment, mitigation and reporting of credit risk across all portfolios, including horizon scanning and emerging risks, with key responsibilities including:

• Developing Credit Risk and Treasury Credit Risk Strategies – establishing a comprehensive credit risk framework, including policies, procedures, risk appetite and KRIs.
• Ensure the Credit Risk framework is up to date, reflecting the current economic climate and feedback from Credit Underwriting, and balancing risks with growth ambition
• Overseeing of credit risk assessments across lending portfolio, ensuring appropriate risk grading and impairment provisioning
• Working with the Finance, Treasury and Regulatory Reporting teams, providing credit expertise to refine models and assumptions used for capital allocation, stress testing and financial reporting.
• Leading and managing the Business Restructuring Team; managing deteriorating credit risk connections within appetite, protecting the organisation's exposure and agreeing work-out strategies to minimise the risk of loan impairment/loss
• Conducting appropriate sector/portfolio reviews; managing the credit risk portfolio, identifying and mitigating emerging risks and trends, performing horizon scanning
• Ensuring compliance with relevant credit risk regulations and guidelines (including those issued by PRA, FCA & LSB)
• Fostering a culture of risk awareness and accountability
• Building and maintaining effective relationships with relevant stakeholders (internal and external), including regulators, internal and external audit
• Raising credit risk and stewardship awareness and knowledge.
• Completing monitoring and thematic reviews of credit and relevant risks (e.g. impact, reputation, PII) across the organisation and relevant third parties
• Sample checking of loan applications; providing assurance of operating within policy/limits
• Providing MI to the Board Risk Committee and Credit Committee
• Representing Credit Risk Management at relevant Risk Committees
• Providing regular, accurate credit risk reports to CRO and relevant Committees.
• Supporting and/or standing in for CRO at Board Risk Committee, presenting view on credit risk performance and trends.

Our ideal candidate for the Head of Credit Risk opportunity:

• Must have extensive experience of Credit Risk assessment within UK banking
• Demonstrates a strong understanding of credit risk frameworks, policies, methodologies and regulation
• Has a proven ability to implement credit risk frameworks and monitoring
• Displays strong knowledge and experience of work-out strategies and turnaround (recovery) of problem debt cases
• Has strong analytical and problem-solving skills, pragmatic and excellent communication skills.
• Is an excellent communicator, able to interface with a variety of audiences
• Holds a relevant professional qualifications (e.g. CICM) and/or has 10+ years of experience in a Credit Risk/Commercial Leadership role.
• Has experience of dealing with Board/regulators/internal and external audit

If you have the necessary skills, knowledge and experience, are based in or can commute to the West Midlands and are interested in the Head of Credit Risk opportunity, please apply with an updated CV today.