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.
Requirements
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Oversee the identification, assessment, and mitigation of credit risks across the bank's portfolio including personal loans, overdrafts and forward flow funding;
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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;
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Provide oversight and challenge of credit underwriting standards, portfolio balance, and impairment frameworks and models;
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Independently report on 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;
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Develop the stress testing requirements under the ICAAP;
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Provide credit expertise input into the SWDP and RRP;
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Ensure optimal compliance with PRA/FCA regulations and support regulatory interactions
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Ensure implementation and compliance of the consumer data protection principles in relation to credit processes;
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Drive transformation initiatives across credit policies, systems, and workflows;
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Lead the credit risk components of New Product Approvals and Annual Reviews.
Individual Conduct Rules:
Rule 1: You must act with integrity.
Rule 2: You must act with due skill, care and diligence.
Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators.
Rule 4: You must pay due regard to the interests of customers and treat them fairly.
Rule 5: You must observe proper standards of market conduct.
Requirements:
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10 years experience within UK financial services;
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A degree in business administration in either Finance, Business, Economics, Mathematics/Statistics;
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In-depth understanding of the credit risk and requirements for both secured and unsecured lending;
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IFRS9 proficient and application;
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Exposure to the other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) will be an added advantage;
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Previous experience in dealing with the following products: unsecured personal loans, overdrafts and forward flow financing.
