Senior Credit Risk Specialist

VIQU Ltd; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Job summary

Morela is supporting a leading UK management consultancy on a high-profile financial services engagement. They seek a Senior Credit Risk Specialist for a contract from 30 November 2026 to 31 May 2027. The role is Inside IR35 and based in Moorgate, London, on a 50/50 hybrid basis with active SC clearance required.

The candidate will lead credit risk reviews, assess risk management frameworks, and deliver evidence-based conclusions to client firms and internal stakeholders.

Qualifications

• Active SC security clearance.
• Senior-level credit risk experience in UK Retail Banking and/or SME Banking.
• Hands-on experience delivering Credit Asset Quality Reviews.
• Experience carrying out Credit Risk Management Framework Reviews.
• Credit portfolio risk management experience gained within a bank or regulator.
• Strong understanding of retail credit risk models, including IFRS 9, IRB models, stress testing, application and behavioural scorecards, forecasting models.
• Confident communicating complex findings clearly to senior stakeholders, both verbally and in writing.

Responsibilities

• Lead on-site and virtual reviews with firms.
• Carry out quantitative and qualitative analysis.
• Produce clear, well-evidenced review reports.
• Communicate findings to firms and internal stakeholders.
• Present conclusions and recommendations to senior management.

Skills

Credit risk management

IFRS 9

IRB models

Stress testing

Forecasting models

Communication to senior stakeholders

Job description

Senior Credit Risk Specialist

Contract | SC Cleared | London (Hybrid)

Morela is proud to be supporting a leading UK management consultancy on a high-profile financial services engagement. They are looking for a Senior Credit Risk Specialist to join on a contract basis from 30 November 2026 to 31 May 2027. The role sits Inside IR35 and is based in Moorgate, London, on a 50/50 hybrid basis. Active SC clearance is required.

About the Client

Our client is a well-established UK management consultancy known for delivering complex, high-impact change across regulated industries. They work alongside leading organisations in financial services, bringing independent expertise to some of the sector's most important programmes. This engagement focuses on credit risk, giving you the chance to shape how firms manage and provision for credit risk across UK retail and SME banking.

The Role

You will lead independent reviews of firms' credit risk management frameworks and the quality of their credit assets. Working on-site and remotely, you will combine quantitative and qualitative analysis to form clear, evidence-based judgements. You will then present those findings to the firms and to internal stakeholders. This is a senior, hands-on role suited to a credit risk specialist who is confident leading reviews end to end and putting their name to the conclusions.

Responsibilities

Credit Risk Management Framework Reviews

• Review firms' risk appetite and credit strategy
• Assess governance arrangements and the effectiveness of the Three Lines of Defence
• Evaluate credit MI and how it informs decision-making
• Review collections and debt management practices
• Assess QA processes and supporting MI

Credit Asset Quality Reviews

• Review provisioning methodologies
• Assess the quality of credit portfolios
• Form judgements on the adequacy of provisions

Delivery

• Lead on-site and virtual reviews with firms
• Carry out quantitative and qualitative analysis
• Produce clear, well-evidenced review reports
• Communicate findings to firms and internal stakeholders

Essential Requirements

• Active SC security clearance
• Senior-level credit risk experience in UK Retail Banking and/or SME Banking
• Hands-on experience delivering Credit Asset Quality Reviews
• Experience carrying out Credit Risk Management Framework Reviews
• Credit portfolio risk management experience gained within a bank or regulator
• Strong understanding of retail credit risk models, including:
• - IFRS 9
• - IRB models
• - Stress testing
• - Application and behavioural scorecards
• - Forecasting models
• Confident communicating complex findings clearly to senior stakeholders, both verbally and in writing

Desirable Experience

• Previous experience leading reviews or assurance work for external firms
• Exposure to regulatory supervision or working closely alongside a UK regulator
• Background in consulting or independent review roles within financial services

Working Environment

This is a 50/50 hybrid role based in Moorgate, London, with some on-site review work at firms as needed. You will join a collaborative, senior delivery team where your judgement and expertise are trusted from day one. The engagement runs from 30 November 2026 to 31 May 2027.