Credit Risk Manager

Job Title: Credit Risk Impairment Manager (IFRS 9)

Location: London Based – Onsite 3 days a week

Job Type : Contract until the end of the year

Job Function: Finance | Risk Management | Accounting/Auditing

Role Purpose

The Credit Risk Impairment Manager is part of the Credit Risk Provision and Forecasting team and is responsible for the production, reporting, and analysis of IFRS 9 impairment actuals for Retail and Corporate portfolios.

This role focuses on end-to-end ownership of monthly impairment results, including data integrity, model output review, post-model adjustments, governance submissions, management information (MI), and analytical insight.

Key Responsibilities

• Own the monthly IFRS 9 impairment production cycle, ensuring accurate and timely delivery of impairment results.
• Review and challenge IFRS 9 model outputs, movements, and key drivers of impairment actuals.
• Maintain and enhance Post-Model Adjustments (PMAs), including governance, documentation, and justification.
• Ensure results are reconciled and aligned with Finance during month-end, half-year, and year-end close.

Analytics, MI & Insight

• Develop and maintain impairment MI, dashboards, and analytical reporting.
• Provide quantitative and qualitative commentary explaining movements in ECL, staging, coverage, and key risk drivers.
• Conduct deep-dive analysis into portfolio performance, credit quality, and impairment volatility.
• Deliver outputs suitable for senior management and risk governance forums.

Governance, Audit & Control

• Lead preparation of materials for Impairment Forums and senior risk committees.
• Act as a key contact for internal and external audit.
• Maintain robust controls, checks, and documentation across the IFRS 9 production process.
• Ensure adherence to IFRS 9 accounting standards and internal policies.

Stakeholder Management

• Collaborate with Finance, Portfolio Management, Collections, and Risk teams.
• Provide clear explanations of impairment results and key judgements to senior stakeholders.

What You’ll Bring

• Strong experience in IFRS 9 impairment production and reporting within Credit Risk or Finance.
• Deep understanding of IFRS 9 methodologies, staging, and Expected Credit Loss (ECL).
• Strong SAS and Excel skills.
• Ability to explain complex impairment outcomes to senior stakeholders.
• Strong risk, governance, and control mindset.

Preferred Qualifications

• Experience in banking or financial services.
• Knowledge of credit risk modelling or portfolio analytics.
• Experience working with risk governance committees or regulatory reporting.

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