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Interim Head of Credit Risk

JR United Kingdom

Stevenage

On-site

GBP 70,000 - 95,000

Full time

Yesterday
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Job summary

A dynamic and growing financial institution seeks an Interim Head of Credit Risk to lead their credit risk management efforts. The ideal candidate will have a strong credit risk background, manage a small team, and ensure robust risk management practices. This role promises to contribute to a better banking experience through innovative problem-solving and customer-centricity.

Qualifications

  • Strong background in credit risk and risk management leadership roles.
  • Experience in secured lending and regulatory compliance.
  • Demonstrable experience in managing credit risk through the lifecycle.

Responsibilities

  • Lead the Credit Risk Function and optimize risk management strategies.
  • Ensure adherence to policies and provide expertise on credit risk.
  • Develop credit risk metrics and manage risk-related reporting.

Skills

Credit Risk Management
Team Leadership
Collaboration
Adaptability
Problem Solving
Strategic Thinking

Job description

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We are a dynamic and growing financial institution, building our operations from the ground up with a focus on innovation and customer-centricity. Our mission is to unlock opportunities by developing new, bespoke savings and mortgage products powered by cutting-edge technology. We believe in creating a better banking experience and are looking for progressive, innovative problem-solvers who can deliver exceptional value and build strong relationships. If you're ready to contribute to a forward-thinking environment and empower individuals to achieve their financial ambitions, we encourage you to apply.

Responsibilities

As the Interim Head of Credit Risk, you will play a crucial role in safeguarding our financial health and ensuring robust risk management practices. Your key responsibilities will include:

  • Leading the second line Credit Risk Function to optimize and embed the Credit Risk Management Framework.
  • Promoting and ensuring adherence to the organization's Credit Risk Management framework, relevant risk and compliance policies, and procedures, with timely escalation of concerns.
  • Providing subject matter expert advice to support the maintenance of credit risk management practices in line with regulatory standards.
  • Collaborating with first-line operational areas involved in credit risk management to foster high standards of practice and efficient processes.
  • Leading, managing, developing, and coaching a small team of risk professionals to oversee the delivery of credit risk expertise.
  • Leading assurance activity on lending portfolios and the implementation of credit policy, processes, and guidance.
  • Developing and reporting against a suite of credit risk metrics covering risk appetite, key risk indicators, and key performance indicators.
  • Ensuring that credit risk policies support the organization's risk appetite and business strategy.
  • Developing and maintaining effective approaches for credit risk measurement appropriate for each asset class.
  • Identifying emerging credit risks through regular reporting and analysis of credit risk performance data, alongside external horizon scanning.
  • Contributing to the ICAAP process through review, challenge, and direct inputs.
  • Developing and maintaining policy for credit risk impairment and provisions, and overseeing the monthly impairment calculation.
  • Taking an active part in credit underwriting through exercising and delegating approval authorities.
  • Actively participating in the organization's Credit Committee and other executive/board-level committees as required, providing insights on the credit risk profile.
  • Supporting the Chief Risk Officer (CRO) in delivering the overall risk strategy.
  • Championing an effective positive risk culture through communication and collaboration.

Key Tasks

  • Development and maintenance of risk appetite, KRI, and KPI frameworks.
  • Development, review, and maintenance of credit risk policies.
  • Regular credit assurance activity on the credit risk profile and practices.
  • Regular reporting, monitoring, and analysis of credit risk performance against established metrics.
  • Active participation in credit underwriting and oversight of related areas.
  • Leading a small team, ensuring clear direction and deliverables aligned with business objectives.
  • Promotion of a positive risk culture across the organization.

Experience

We are seeking a candidate with a strong background in credit risk, including:

  • Demonstrable practical experience managing credit risk throughout the credit lifecycle.
  • Experience with both expert and judgmental lending approaches, as well as portfolio/modelled approaches to credit risk management.
  • Proven experience developing, implementing, and embedding all aspects of risk management frameworks, with a collaborative approach.
  • Experience in developing and integrating enhanced management information capabilities within oversight and decision-making processes.
  • Familiarity with the regulatory environment relating to credit risk and a sound understanding of current financial services market trends and upcoming regulatory changes.
  • Prior experience leading business-as-usual continuous improvements.
  • Experience presenting to Board/Non-executive directors or regulators.
  • Proven ability to promote a positive risk culture within a business, function, and team.

Qualifications & Personal Characteristics

The ideal candidate will possess:

  • A strong track record in risk management leadership roles.
  • A robust technical credit risk background in relevant lending segments, with an emphasis on secured lending.
  • The ability to actively build collaborative relationships to achieve joint goals and business value.
  • Adaptability to change and strong problem-solving skills in complex environments.
  • A business-oriented mindset with a customer focus.
  • A long-term strategic approach.
  • The courage to make decisive decisions.
  • An innovative and proactive demeanor.
  • A commitment to personal development.
  • High ethical and moral standards.
  • A desire to contribute to the development of operations and colleagues.
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