Overview
Reporting to the Chief Risk Officer, the role holder will be responsible for ensuring the Credit Risk function meets its objectives of risk control, impairment management, revenue generation through a credit lifecycle and business enablement, while developing and implementing strategies to safeguard the bank's financial stability.
Responsibilities
- Oversee the identification, assessment and mitigation of credit risks across the bank’s portfolio including personal loans, overdrafts and forward flow funding.
- Ensure credit policies and procedures are robust, align with regulatory requirements and support the organisation’s strategic objectives, including PD, LGD, EAD and expected loss models.
- Provide oversight and challenge of credit underwriting standards, portfolio balance, and impairment frameworks and models.
- Independently report on the quality of the credit portfolio, optimise risk reward balance and foster a culture of prudent risk management.
- Make contributions to the credit risk appetite process for the Bank.
- Develop the stress testing requirements under the ICAAP.
- Provide credit expertise input into the SWDP and RRP.
- Ensure optimal compliance with PRA/FCA regulations and support regulatory interactions.
- Ensure implementation and compliance of the consumer data protection principles in relation to credit processes.
- Drive transformation initiatives across credit policies, systems and workflows.
- Lead the credit risk components of New Product Approvals and Annual Reviews.
Individual Conduct Rules
- You must act with integrity.
- You must act with due skill, care and diligence.
- You must be open and cooperative with the FCA, the PRA and other regulators.
- You must pay due regard to the interests of customers and treat them fairly.
- You must observe proper standards of market conduct.
Qualifications
- 10 years experience within UK financial services.
- A degree in business administration in either Finance, Business, Economics or Mathematics/Statistics.
- In-depth understanding of credit risk and requirements for both secured and unsecured lending.
- IFRS9 proficiency and application.
- Exposure to other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) is an added advantage.
- Previous experience in dealing with unsecured personal loans, overdrafts and forward flow financing.
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