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- Tasks: Lead a high-performing team in credit risk governance and decision-making.
- Company: Join a leading bank focused on strategic credit risk management.
- Benefits: Enjoy competitive salary, career development opportunities, and a collaborative work culture.
- Why this job: Make impactful decisions while shaping the future of credit risk in a dynamic environment.
- Qualifications: Deep understanding of financial services and credit risk management required.
- Other info: Opportunity to chair committees and influence key credit policies.
The predicted salary is between 72000 - 108000 £ per year.
The role is part of the Credit Risk Function which sits in the 2nd Line of Defence and is tasked with supporting the Chief Credit Officer (CCO) with credit risk decision-making activities, the ongoing development, embedding, and monitoring of the Bank’s Credit Risk Management Framework, and ensuring that Credit Risk activities remain effective and aligned with the Bank’s strategic objectives and the external economic environment. The role holder will serve as Chair of the Credit Approvals Committee (CAC) and exercise personal delegated lending authority. The role involves acting as the primary technical expert for the Bank’s Retail Business activities and Asset Finance (DSME) lending within the Commercial Business Franchise, responsible for maintaining and evolving the Bank’s Credit Risk Policies. The role also includes managing the team, ensuring adequate resourcing, recruitment, and team development.
Key Responsibilities
- Senior Leadership
- Lead and manage a high-performing team, collaborating with the Deputy CCO and other Credit Risk Team Heads to allocate resources effectively.
- Prepare and present analyses and findings to internal and external stakeholders as required.
- Identify strategies and action plans to improve processes and leverage automation within the Credit Risk Function.
- Challenge proposed growth strategies and risk appetite changes from the 1st Line.
- People and Culture
- Create a supportive, motivating, and collaborative work environment.
- Support colleagues’ development and career aspirations.
- Ensure team performance is high while maintaining staff well-being.
- Manage underperformance effectively.
- Credit Sanctioning
- Make credit risk sanctioning decisions, primarily related to motor finance.
- Ensure all sanctioning decisions are well-considered, balanced, and informed, whether personal or as Chair of CAC.
- Risk Committees
- Prepare papers for approval, noting, or discussion at various Risk Committees.
- Follow up on action points from these Committees.
- Participate as a Member or Chair of relevant Committees, representing Credit Risk.
- Credit Risk Management
- Oversee credit risk for Retail Business, providing support and challenge at risk meetings.
- Analyze and challenge credit risk data and portfolio performance.
- Monitor credit risk performance metrics and identify trends or issues.
- Assess and communicate the performance of credit rating models.
- Provide oversight on risk identification, assessment, mitigation, management, and reporting processes.
- Collaborate with the 1st Line to ensure portfolio growth is sustainable and controlled.
- Credit Risk Governance & Framework
- Manage development and maintenance of Credit Risk policies.
- Support policy embedding and operational implementation.
- Assist in developing and implementing the credit risk strategy.
- Monitor compliance with risk appetite and limits.
- Guide and support 1st Line Risk teams on process evolution and compliance.
The Person
- Deep understanding of the financial services sector, especially Credit Risk.
- Extensive knowledge of intermediary mortgage lending processes.
- Strong knowledge of FCA sourcebooks, especially MCOB and COCON.
- Understanding of Credit Risk appetite and management frameworks.
- Ability to operate effectively at senior management levels.
- Exhibit transparency, professionalism, and leadership skills.
- Focus on developing people and fostering strong stakeholder relationships.
- Sound judgment, independence, and risk awareness.
- Ability to manage multiple complex projects under pressure.
- High energy, drive, and commitment.
- Strategic thinking and solution development skills.
Head of Retail Credit & Credit Risk Governance employer: Shawbrook Bank
Contact Detail:
Shawbrook Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Retail Credit & Credit Risk Governance
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in credit risk management, particularly those relevant to retail banking. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly evolving field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in credit risk governance. Attend industry events or webinars to connect with potential colleagues and gain insights into the challenges and opportunities within the role.
✨Tip Number 3
Prepare to discuss your leadership style and how you foster team development. Think of specific examples where you've successfully managed teams, improved performance, or navigated complex projects, as these will be crucial in showcasing your fit for the role.
✨Tip Number 4
Understand the strategic objectives of the bank and how the Credit Risk Function aligns with them. Be ready to articulate how you can contribute to these goals, particularly in terms of enhancing credit risk policies and ensuring compliance with regulatory frameworks.
We think you need these skills to ace Head of Retail Credit & Credit Risk Governance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and leadership roles. Emphasise your understanding of the financial services sector and any specific achievements related to credit risk governance.
Craft a Compelling Cover Letter: In your cover letter, address how your skills align with the responsibilities outlined in the job description. Mention your experience in managing teams and developing credit risk policies, and express your enthusiasm for contributing to the Bank's strategic objectives.
Showcase Your Leadership Skills: Provide examples of how you've led high-performing teams in the past. Highlight your ability to create a supportive work environment and manage underperformance effectively, as these are key aspects of the role.
Demonstrate Technical Expertise: Be prepared to discuss your technical knowledge of credit risk frameworks and FCA regulations during the application process. This will show that you are well-equipped to serve as the primary technical expert for the Bank’s Retail Business activities.
How to prepare for a job interview at Shawbrook Bank
✨Demonstrate Your Leadership Skills
As a candidate for the Head of Retail Credit & Credit Risk Governance, it's crucial to showcase your leadership abilities. Prepare examples of how you've successfully led teams, managed performance, and fostered a collaborative environment. Highlight your experience in developing team members and managing underperformance.
✨Showcase Your Technical Expertise
Be ready to discuss your deep understanding of credit risk management and the financial services sector. Familiarise yourself with the Bank’s Credit Risk Management Framework and be prepared to explain how you would apply your knowledge to enhance their processes and policies.
✨Prepare for Strategic Discussions
Since the role involves challenging growth strategies and risk appetite changes, think about potential scenarios you might face. Prepare to discuss how you would approach these challenges and what strategies you would implement to ensure sustainable portfolio growth.
✨Engage with Stakeholders
The ability to communicate effectively with internal and external stakeholders is key. Prepare to discuss how you would present analyses and findings, and be ready to demonstrate your skills in building strong relationships and influencing decision-making at senior management levels.
