Portfolio Risk Manager

Aldermore Bank; Cardiff; Hybrid; GBP 50,000 - 1,000,000,000; Full time

Job summary

A leading UK motor finance lender based in Cardiff seeks a Portfolio Risk Manager to oversee credit risk within the Dealer Funding portfolio. This role involves managing a team, conducting dealer reviews, producing reports, and collaborating strategically to mitigate risks. Candidates should have strong leadership skills and knowledge in motor dealer funding. A hybrid working option is available, and the position comes with a competitive benefits package, including a substantial pension contribution and annual leave.

Benefits

Annual bonus

10% employer pension contribution

Private medical insurance

30 days holiday

Qualifications

• Strong understanding of the Motor Dealer Funding sector.
• Experience managing credit sanctioning mandates.
• Proven leadership and team management experience.
• Knowledge of relevant legislation including the Data Protection Act.

Responsibilities

• Lead and develop a team of Portfolio Analysts.
• Manage credit risk through dealer reviews.
• Produce and interpret management information reports.
• Collaborate with Sales and Distribution to identify risks.

Skills

Credit risk expertise

Leadership capability

Stakeholder management

Commercial acumen

Understanding of the Motor Dealer Funding sector

Education

Relevant degree or equivalent experience

Job description

Overview

Let us tell you about the opportunity

Are you a strategic and commercially astute risk professional with a passion for leadership collaboration and driving continuous improvement? We are currently recruiting a Portfolio Risk Manager, a pivotal first-line leadership role shaping how we manage credit risk, support our dealer network and deliver sustainable growth across our Dealer Funding portfolio.

This is an opportunity to lead from the front - combining your credit risk expertise with your ability to inspire and influence others. You’ll manage our first line Credit Risk team overseeing dealer funding reviews, in-life portfolio management and supporting the origination of new facilities. You’ll play a key part in ensuring the Dealer Funding credit risk profile remains robust, resilient and aligned with business strategy.

What will your day look like

• You’ll lead and develop a small team of Portfolio Analysts, setting clear expectations, coaching for excellence and building an engaged, high-performing team.
• Manage credit risk through annual dealer reviews, monitoring and assessing new and renewal applications to ensure they align with risk appetite and business goals.
• Produce and interpret MI and detailed reports to inform decisions on dealer stability, stocking utilisation and portfolio performance.
• Act as product SME using your market knowledge and insight to influence product development and strategy.
• Collaborate strategically with Sales, Distribution and 2LOD Risk to identify opportunities and mitigate emerging risks.
• Strengthen governance and controls, embedding key RCSA actions, ensuring full compliance with Group Risk frameworks, Consumer Duty and all relevant legislation.
• Represent Dealer Funding at internal governance forums and senior stakeholder meetings.

What do we expect from you

We’re seeking someone who combines technical expertise with strong leadership capability. The profile we’re looking for includes:

• Strong understanding of the Motor Dealer Funding sector, ideally with exposure to wholesale credit risk, recoveries or uplifts.
• Experience of managing or holding a senior credit sanctioning mandate.
• Proven leadership and team management experience.
• Strong stakeholder management and influential communicator.
• Commercial acumen and strategic mindset.
• Demonstrable experience implementing operational controls and governance frameworks.
• Knowledge of relevant legislation including the Data Protection Act and Consumer Credit Act.

What can you expect from us

• A hybrid working policy, 3 days per week onsite in our central Cardiff office.
• A friendly and flexible culture, the same as how we work with our customers.
• A growing organisation with opportunities to progress.
• A drive for continuous improvement which you will be empowered to get behind from day one.
• Competitive remuneration with a strong benefits package including: annual bonus, 10% employer pension contribution, private medical with BUPA, and 30 days holiday.

Let us tell you a bit about us

We’re one of the largest lenders in the UK used car finance market. We’ve specialised in motor finance for over 40 years and are recognised as one of the best car finance providers in the industry.

We’re part of the Aldermore Group which includes Aldermore Bank plc. With our range of specialist mortgages, savings accounts and business finance solutions, we’re backing more people to go for it. We thrive by saying yes to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers choose MotoNovo Finance every week to buy their next car, van or motorbike.

This is where you come in. We are on a journey defined by a destination: to deliver on our purpose.

Still curious

Join us and we’ll make the same promises to you as a colleague as we do to each of our customers. We’re committed to building a working environment that values respect, diversity and compassion. We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background and whether you’re pregnant or on family leave.

Note: we have a thorough referencing process which includes criminal record checks.

The Company

We’re one of the largest lenders in the UK used car finance market. We’ve specialised in motor finance for over 40 years and are recognised as one of the best car finance providers in the industry. We’re part of the Aldermore Group which includes Aldermore Bank plc. Aldermore offers a range of personal and business finance and savings options.

Behaviour Framework

Our behavioural framework underpins our purpose and strategic drivers. It outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead, Propositions, Relationships That Last and Progressive Platform) guide us, our behaviours are used in your second interview; you’ll be asked to discuss examples where you’ve demonstrated these behaviours in your previous roles.

Our Benefits

MotoNovo Finance offers a competitive remuneration package and one of the best benefits packages in Wales, including healthcare, pension schemes and employee assistance programmes. We also offer additional wellbeing and lifestyle benefits.

Details of benefits may include but are not limited to:

• Hybrid Working
• Company Benefits (Aviva, Digital GP)
• Bus And Tram Benefit
• Employee Assistance Programme
• Eyecare Voucher & Display Screens / Desk
• Flu Jabs
• Group Income Protection
• Life Assurance
• Medical and Pension options
• Private Medical Insurance
• Will Writing and Willing support
• Private discounts and technology benefits

Documents

Required Experience: Manager

Key Skills: Project / Program Management, Portfolio Management, Credit Analysis, Banking, Pricing, Analysis Skills, Budgeting

Employment Type: Full-Time

Experience: years

Vacancy: 1

Yearly Salary: 50001 - 999999999