Senior Credit Risk Analyst - City of London

OSB; City Of London; Hybrid; GBP 60,000 - 70,000; Full time

Job summary

An established industry player is seeking a Senior Credit Risk Analyst to join their dynamic team in central London. This pivotal role involves developing and managing the provision adequacy framework while assessing credit losses and identifying emerging risks that could impact profitability. You will collaborate closely with senior stakeholders, providing analytical insights that drive strategic decision-making. The organization values professional development and offers a hybrid working model, ensuring a supportive and inclusive environment for all employees. If you are passionate about credit risk and eager to contribute to a forward-thinking bank, this opportunity is perfect for you.

Benefits

Enhanced family-focused benefits

Hybrid working

Annual bonus opportunity

Qualifications

• 3+ years of experience in Credit Risk function using statistical techniques.
• Strong knowledge of Credit Risk fundamentals and IFRS9 principles.

Responsibilities

• Develop and manage the Group's provision adequacy framework.
• Lead assessment of expected credit losses and identify emerging risks.

Skills

Consumer Finance / Retail Banking Credit Risk

Mathematical and Statistical Techniques (e.g., SAS)

Capital and Impairment Requirements (IFRS9)

Stakeholder Engagement Skills

Credit Risk Fundamentals

Job description

Senior Credit Risk Analyst - City of London

About the team: We are looking for a Senior Credit Risk Analyst, specialising in provision adequacy assessments, to join our small team in central London. This is a key role within the portfolio credit risk team reporting directly to the senior manager of the group's credit risk stress testing activities. Liaising with senior stakeholders in Models and Ratings, you will be expected to provide an independent assessment of the modelled credit losses through the identification of new and emerging risks, and subsequent development of analysis to determine their potential impacts on the bank's impairment and profitability expectations.

What you will be doing: As a Senior Credit Risk Analyst, you will be responsible for the development, implementation, and ongoing management of the Group's provision adequacy framework and portfolio sensitivity assessments. Your responsibilities will include:

1. Developing and enhancing the existing framework to undertake independent, top-down reviews of provision adequacy, analysing the effectiveness of the group's IFRS9 approach to fully capture the risks across various business segments.
2. Leading the independent assessment of the bank's expected credit losses (ECL) by identifying and incorporating a wide array of external factors and providing insightful analysis to support strategic decision-making to help the group meet its financial targets.
3. Conducting horizon scanning of portfolio-specific or broader macro-economic factors to identify new or emerging risks not included in the current IFRS9 engine that could impact the group's profitability or sustainability.
4. Supporting colleagues in the stress testing team with regular and ad-hoc stress testing activities, incorporating learnings from provisions adequacy assessments into stressed scenarios where appropriate.
5. Liaising with and providing expert Credit Risk insights and analytical expertise to other areas of the business such as finance or solvency risk.

What's in it for you? This position is offered on a permanent basis with a salary of £60,000 - £70,000, along with enhanced family-focused benefits, hybrid working, and an annual bonus opportunity. Please see here for more information on the benefits available at OSB.

Our Purpose is to help our customers, colleagues, and communities prosper. We are on a transformation journey to become 'the bank of the future'. We value professional development, flexible working, and employee well-being, fostering a dynamic and supportive workplace.

Do you have the skills? We are looking for talented individuals with:

• At least 3 years of experience in a Consumer Finance / Retail Banking Credit Risk function using standard mathematical and statistical techniques (e.g., SAS)
• Experience related to Capital and Impairment requirements (including IFRS9 principles) or Stress Testing is desirable
• Strong knowledge of Credit Risk fundamentals at all stages of the Credit Risk Lifecycle
• Excellent stakeholder engagement skills at all levels

Next steps: Interested? Apply now! Not sure if you meet all criteria? Hear from our team or learn more about our recruitment process at OSB Careers. We promote a personalized and inclusive approach, ready to support your application process. We value diversity and are committed to creating an inclusive environment where everyone feels empowered to apply, even if you don't meet every criterion. We are signatories of the Women in Finance Charter and actively promote diversity at all levels.

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