Senior Program Manager – Credit Risk Transformation (Delivery Manager)

EXL; Halifax; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A major financial services firm is seeking a Senior Program Manager to lead credit risk transformation initiatives. This role involves program management of large-scale projects, compliance with regulatory frameworks, and stakeholder management. Ideal candidates will have a Bachelor's degree in a relevant field and 10–15 years of experience in credit risk or banking transformation. Strong knowledge of risk systems and effective communication skills are essential. This position is offered on a hybrid working model in Halifax.

Qualifications

• 10–15 years of experience in credit risk, risk management, or large-scale banking transformation.
• Demonstrated experience in leading multi-year, cross-functional risk/regulatory programs.

Responsibilities

• Lead and manage the delivery of strategic credit risk programs.
• Ensure compliance with regulatory standards.
• Act as the primary interface between multiple stakeholders.

Skills

Credit risk concepts (PD, LGD, EAD models, scorecards, stress testing)

Program/project management

Risk systems knowledge (SAS Risk, Moody’s, FIS)

Regulatory risk frameworks (Basel, IFRS 9, CCAR, ICAAP)

Leadership and stakeholder management

Excellent communication skills

Proficiency in program management tools (MS Project, JIRA, Clarity)

Education

Bachelor’s degree in Finance, Risk Management, Economics, Statistics

MBA/Master’s

Tools

SAS Risk

Moody’s

FIS

MS Project

JIRA

Clarity

Job description

Senior Program Manager – Credit Risk Transformation (Delivery Manager)

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Job Info

• Job Identification 7869
• Posting Date 12/23/2025, 11:35 AM
• Locations UK London C49 (Hybrid)
• Job Role Compliance-Line Compliance
• Experience (In Years) 0-3

Job Description

Role Title: Credit Risk Transformation (Delivery Manager)
BU/Segment: Banking
Location: Halifax
Employment Type: 3-month contract - rolling

Summary of the role:
The Credit Risk Program Manager will lead large-scale, cross-functional programs to strengthen and transform the bank’s credit risk capabilities. This role oversees planning, execution, and delivery of strategic initiatives across credit risk modeling, systems integration, regulatory compliance, and data management. The Program Manager ensures that projects are delivered on time, within budget, and aligned with both regulatory requirements and the bank’s risk appetite framework.

Responsibilities

As part of your duties, you will be responsible for:
Program & Project Management

• Define, structure, and manage the delivery of strategic credit risk programs (Basel III/IV, IFRS 9, model modernization, risk platform upgrades).
• Develop and track program plans, budgets, and KPIs, ensuring adherence to timelines and governance standards.
• Coordinate across multiple workstreams — credit risk modeling, data, systems, policy, reporting.

Risk & Regulatory Alignment

• Ensure compliance with regulatory standards (Basel III/IV, IFRS 9, CCAR, ICAAP, local regulators).
• Oversee embedding of risk appetite frameworks, credit policy changes, and new regulatory requirements into risk systems and processes.

Stakeholder Management

• Act as the primary interface between Credit Risk, Business Lines, Finance, Technology / Engineering, and Compliance.
• Partner with senior stakeholders to define business requirements and manage expectations.
• Present program progress, risks, and issues to executive committees and regulators.

Change & Transformation

• Drive migration from legacy credit risk systems to modern platforms (on-prem/cloud).
• Ensure effective adoption of credit risk models and decision engines into business processes.
• Lead change management, including training, communication, and end-user adoption

Data, Reporting & Governance

• Support delivery of risk data aggregation and reporting (BCBS 239 compliance, enterprise risk dashboards)
• Oversee risk data quality, lineage, and governance for credit risk portfolios.
• Establish program governance frameworks, RAID (risks, assumptions, issues, dependencies) logs, and reporting packs.
  

Qualifications

Qualifications and experience we consider to be essential for the role:

• Bachelor’s degree in Finance, Risk Management, Economics, Statistics, or related discipline; MBA/Master’s preferred.
• 10–15 years of experience in credit risk, risk management, or large-scale banking transformation.
• Demonstrated experience in leading multi-year, cross-functional risk/regulatory programs.

Skills and Personal attributes we would like to have:

• Strong knowledge of credit risk concepts (PD, LGD, EAD models, scorecards, stress testing).
• Proven track record in program/project management within risk, finance, or banking transformation.
• Familiarity with risk systems (SAS Risk, Moody’s, FIS, in-house risk engines) and credit decisioning platforms.
• Understanding of regulatory risk frameworks (Basel, IFRS 9, CCAR, ICAAP).
• Strong leadership, influencing, and stakeholder management skills.
• Excellent communication skills, with ability to engage senior executives and regulators.
• Proficiency in program management tools (MS Project, JIRA, Clarity, etc.)

To be considered for this role, you must already be eligible to work in the United Kingdom.