Senior Credit Risk Specialist

Vallum Associates; Greater London; Hybrid; GBP 129,000 - 166,000; Part time

Job summary

Vallum Associates seeks an experienced Senior Credit Risk Specialist for a London-based contract. The role focuses on UK retail and SME credit risk, with emphasis on asset quality reviews and risk framework assessments.

You will lead analyses of credit portfolios, engage stakeholders, and contribute to risk reporting for a major financial regulator. SC clearance is required and IR35 status is Inside IR35.

Qualifications

• Extensive experience in UK Retail Banking and/or SME Banking Credit Risk.
• Proven experience conducting Credit Asset Quality Reviews.
• Strong understanding of Credit Risk Management Framework Reviews.
• Experience in credit portfolio risk management within a bank or financial regulator.
• Good understanding of retail credit risk models, including IFRS 9 and IRB models.
• Knowledge of credit risk stress testing and scorecard development.

Skills

Credit risk experience

UK Retail Banking

SME Banking

Credit Asset Quality Reviews

Credit risk framework reviews

Portfolio risk management

IFRS 9

IRB models

Credit risk stress testing

Scorecards modelling

Stakeholder management

Job description

Location: London (50% Hybrid Working)

IR35 Status: Inside IR35

Security Clearance: SC Clearance Required

We are looking for an experienced Senior Credit Risk Specialist to support a major financial regulatory organisation on a contract basis.

The successful candidate will have strong experience in UK Retail Banking and/or SME Banking credit risk, with particular expertise in Credit Asset Quality Reviews, Credit Risk Management Framework Reviews and credit portfolio risk management.

Essential Skills and Experience

• Extensive experience in UK Retail Banking and/or SME Banking Credit Risk.
• Proven experience conducting Credit Asset Quality Reviews.
• Strong understanding of Credit Risk Management Framework Reviews.
• Experience in credit portfolio risk management within a bank or financial regulator.
• Good understanding of retail credit risk models, including:
• IFRS 9
• Internal Ratings-Based (IRB) models
• Credit risk stress testing
• Application and behavioural scorecards
• Strong quantitative and qualitative analytical capabilities.
• Experience producing detailed risk assessment and review reports.
• Excellent stakeholder management and communication skills.