Head of Credit Risk UK and Europe

Convera Holdings, LLC.; Greater London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading cross-border payments company in the UK seeks a Senior Credit Risk Manager to oversee credit risk policies and support strategic objectives. Responsibilities include managing a team, conducting assessments, and presenting to senior leadership. Ideal candidates have 10-15 years' experience in financial markets, fluency in French, strong analytical and communication skills, and relevant degrees/certifications. This role offers competitive salary, bonuses, and benefits in a diverse workplace.

Benefits

Market competitive salary

Annual bonus opportunity

Career growth opportunities

Flexible work approach

Generous health insurance

Paid holidays and leave

Volunteer time off

Qualifications

• Minimum 10-15 years of experience in Credit Risk or Financial Markets.
• Proven track record of leading credit risk management.
• Strong analytical and quantitative skills.

Responsibilities

• Execute the Global Credit Risk Policy and Guidelines.
• Oversee a Team of Analysts conducting credit risk assessments.
• Lead and mentor your Team of Credit Risk professionals.

Skills

Fluency in French

Fluency in English

Analytical skills

Leadership skills

Communication skills

Education

Bachelor's Degree in Finance, Economics, Business Administration

Master's Degree or MBA

Professional certifications (CFA, FRM, etc.)

Tools

Credit risk management systems

Job description

Responsibilities

• Execute and adhere to the Global Credit Risk Policy and Credit Risk Appetite Guidelines
• Ensure alignment of the European and UK Credit Risk portfolio within Convera's overall risk framework and implementation of commercial strategic objectives
• Provide expertise and support in the development, improvement or establishment of policy, procedures and strategies
• Present individual client cases and provide updates, trends and communicate credit risk insights and concerns evolving within the UK and European credit portfolio, to Senior Leadership, Credit Risk Committee, Board Meetings and any similar such forum, as necessary and as required
• Take independent responsibility for counter-party Credit Risk Approvals within personal Authorized Approval Authority
• Oversee a Team of Analysts that will carry out Credit Risk assessments of corporate counter-party creditworthiness to include quantitative and qualitive credit risk analysis and Risk Rating decisioning
• Appropriately manage workload and ensure that credit risk requests for new clients and Annual Reviews of existing client credit risks are assessed and administered in a timely and efficient manner
• Ensure effectiveness of credit risk mitigation to minimize credit risk losses, including credit limit appropriateness, transactional and structural continuity, collateral management and guarantee support
• Maintain individual client and portfolio vigilance and monitoring with regards to potential and evolving risks or deterioration in clients' financial health. Take appropriate defensive action, as necessary, and report any concerns into the appropriate level of Authority

Internal Collaboration & Stakeholder Management and Nurturing of Client Relationships

• Support the Global Head of Credit with Credit Risk strategies and projects as necessary
• As a Senior corporate Ambassador, you must represent Convera's values and principles at the highest levels, at all times and in all meetings and in all interactions with clients
• Advance Convera's market reputation and support growth, by assisting in deepening the understanding and nurturing of our client relationships
• Work expertly, collaboratively and closely with internal stakeholders to support Convera's growth, contribute towards improvements in our strategic decision-making, better understand the credit risk profile of clients and the Portfolio and further advance the internal reputation of Credit Risk Department
• Maintain relationships, and uphold Convera's reputation, with external stakeholders, as necessary, such as Regulators, Auditors and industry bodies

Leadership & Team Management

• Lead, develop, mentor and advance the careers of your Team of Credit Risk professionals
• Foster a supportive, open and collaborative working environment in adherence to Convera values, drive continuous improvement in quality and professional practices and maintain staff happiness

Qualifications

• Fluency in French strongly preferred; Fluency in English is a prerequisite
• Minimum 10-15 years of experience in Credit Risk or Financial Markets with Financial Institutions or Banks
• Bachelor's Degree (or equivalent) in Finance, Economics, Business Administration or related field; A Master's Degree or MBA is preferred
• Professional certifications such as CFA, FRM, BIC, ACIB or appropriate FCA or regulatory Exams
• Proven track record of leading and managing credit risk for Financial Institutions or Banks, through the cycle, with a deep understanding of credit risk analysis, portfolio management, documentary expertise and Regulatory compliance
• Experience in stress testing, or, financial forecasting and modelling, or, managing financial distressed clients and corporate workouts is preferred.
• Strong analytical, quantitative and qualitative skills, with the ability to assess complex financial data, risk models and challenging client situations
• Expertise in credit risk management systems and tools
• Excellent written and verbal communication skills, with the ability to present complex and challenging cases and ideas, succinctly and with appropriate solutions, to Executives and Senior Management
• Strong leadership, interpersonal, communicative and Team Management skills, with the ability to communicate and collaborate, as appropriate, with subordinates, peers, Seniors, Executives and external parties

About Convera

Convera is the largest non-bank B2B cross border payments company in the world. Formerly Western Union Business Solutions, we leverage decades of industry expertise and technology led payment solutions to deliver smarter money movements to our customers - helping them capture more value with every transaction. Convera serves more than 30,000 customers ranging from small business owners to enterprise treasurers to educational institutions to financial institutions to law firms to NGOs.

Our teams care deeply about the value we bring to our customers, which makes Convera a rewarding place to work. This is an exciting time for our organization as we build our team with growth minded, result oriented people who are looking to move fast in an innovative environment.

As a truly global company with employees in over 20 countries, we are passionate about diversity; we seek and celebrate people from different backgrounds, lifestyles, and unique points of view. We want to work with the best people and ensure we foster a culture of inclusion and belonging

Benefits

• Market competitive salary
• Opportunity to earn an annual bonus
• Great career growth and development opportunities in a global organization
• A flexible approach to work
• Generous insurance (health, disability, life)
• Paid holidays, time off, and leave policies for life events (maternity, paternity, adoption)
• Paid time off for volunteering opportunities (5 days per year)

There are plenty of amazing opportunities at Convera for talented, creative problem solvers who never settle for good enough and are looking to transform Business to Business payments.

Apply now!