Prudential & Credit Risk Manager

Ultimate Banking; Greater Manchester; Hybrid; GBP 76,000 - 92,000; Full time

Job summary

Ultimate Banking in Manchester is seeking a Prudential & Credit Risk Manager. The role provides independent oversight across prudential and mortgage credit risk, partnering with the Chief Risk Officer to strengthen the risk framework and support sustainable growth.

You will lead second-line reviews, analyse risks, challenge first line, and prepare dashboards for committees including Credit Committee and ALCO. Previous experience in mortgage lending and regulatory risk is essential.

Qualifications

• Second-line risk professional with mortgage lender or smaller bank experience.
• ICAAP/ILAAP, capital, liquidity, stress testing, risk appetite and portfolio credit risk exposure are essential.
• Proven ability to challenge first line and present to senior risk/Board committees.

Responsibilities

• Plan and organise second-line reviews of regulatory documents, focusing on key risk areas and governance priorities.
• Lead deep-dive analysis of credit, prudential, liquidity, capital, market and balance sheet risks, identifying emerging risks and trends.
• Provide constructive, independent challenge to Finance, Treasury, Underwriting, and Risk teams.
• Prepare concise risk dashboards, reports and data packs for Credit Committee, ALCO and other governance committees.
• Challenge regulatory reporting, data quality and the controls supporting regulatory submissions.
• Oversee underwriting standards and credit risk appetite across residential mortgages, BTL and complex niche lending.

Skills

Prudential risk

Mortgage risk

Regulatory reporting

Stakeholder challenge

Job description

Manchester - Hybrid - 2-3 days in the office each week

Salary to £84K dependent on experience + strong benefits

Our client is a highly customer focussed mortgage lender who are recruiting for a Prudential & Credit Risk Manager. You will provide independent oversight and constructive challenge across prudential and mortgage credit risk, helping to safeguard the company's financial strength, capital position and regulatory compliance. The role works closely with the Chief Risk Officer to strengthen the overall risk management framework, identify and address emerging risks, and support the organisation's objectives for sustainable growth.

Key responsibilities of the Prudential & Credit Risk Manager include:

• Plan and organise second-line reviews of regulatory documents, focusing on key risk areas and governance priorities.
• Lead deep-dive analysis of credit, prudential, liquidity, capital, market and balance sheet risks, identifying emerging risks and trends.
• Provide constructive, independent challenge to Finance, Treasury, Underwriting, and Risk teams.
• Prepare concise risk dashboards, reports and data packs for Credit Committee, ALCO and other governance committees.
• Challenge regulatory reporting, data quality and the controls supporting regulatory submissions.
• Oversee underwriting standards and credit risk appetite across residential mortgages, BTL and complex niche lending.

Required skills & experiences:

• You will be a second-line risk professional from a mortgage lender or smaller bank, with strong hands-on experience across prudential risk.
• ICAAP/ILAAP, capital, liquidity, stress testing, risk appetite and portfolio credit risk exposure is essential.
• You will be able to show proven experience of challenging first line and presenting to senior risk/Board committees.

This is a great opportunity for a Prudential Risk specialist who has been exposed to the whole balance sheet from second line and has ample mortgage credit expertise to challenge underwriting and portfolio risk. In return you can expect a competitive salary and benefits incl. generous pension, health benefit and much more.