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- Tasks: Lead credit risk management and shape lending strategies for mortgages and motor finance.
- Company: Join Hodge, a forward-thinking lender dedicated to improving lives through responsible finance.
- Benefits: Enjoy competitive pay, flexible working options, and a supportive team culture.
- Why this job: Make a real impact on lending practices while developing your career in a dynamic environment.
- Qualifications: Motor finance experience and strong knowledge of FCA regulations are essential.
- Other info: Be part of a mission-driven company focused on customer and societal well-being.
The predicted salary is between 43200 - 72000 £ per year.
We are seeking a Head of Credit Risk to be responsible for the first line Risk across the Mortgages and forward flow agreements and play a pivotal role in shaping the lending strategy of the business.
Key Requirements:
- Motor finance experience
- Detailed mortgage knowledge, preferably in a specialist lender
- Strong credit risk management knowledge and experience
- Detailed knowledge of FCA principles and demonstrable knowledge of regulatory requirements
Key Responsibilities will include:
- Develop our credit and property policies to allow Hodge to appropriately manage its lending risks
- Lead credit risk analytics across Hodge’s mortgage portfolio and forward flow agreements. Hodge has forward flow agreements across Buy to Let lending and motor finance.
- Develop and embed a robust framework to monitor the performance of our mortgage origination.
- Develop a suite of MI to monitor all risks across the Hodge Mortgage and forward flow portfolios.
- Report to Retail Credit Committee and Board on credit and property risk
- Provide oversight to the underwriting function through data and QA
- Develop strong working relationships with the Retail Executive Team and across the business to ensure an appropriate Retail Risk appetite and controls
- Strong knowledge of the regulatory framework and ensuring policies and processes are compliant with regulations
- To keep abreast of external economic and market conditions that could impact the business.
- Communicate complex analyses, insights and proposals clearly and effectively to both technical and non-technical stakeholders
General:
- Maintain good knowledge and understanding of all relevant departmental policies and procedures relevant to the role, being compliant with these policies and procedures at all times.
- Undertake any other reasonable tasks as and when requested by management.
- Support the risk culture of the organisation by taking personal responsibility for identifying and managing risks in everything you do.
- Comply with all company policies and procedures and legislative and regulatory requirements, including, but not exhaustively, those related to GDPR, Financial Crime, including Money Laundering & Fraud, Health & Safety, PRA/FCA regulations, employment and other legislative requirements (as applicable) ensuring a good understanding, a knowledge of the key risks and the duty of care required to abide by them to protect the Bank.
- Ensure adherence to all audit and compliance requirements and Bank Policy and Procedure.
- Develop and maintain an up-to-date knowledge of Compliance & Risk regulatory and legislative information related to products/services (e.g. PRA/FCA rules, Data Protection, Money Laundering, etc.), as advised by line management.
Apply today to become part of Hodge’s mission to make life better for customers and society in the moments that matter.
Head of Credit Risk employer: Julian Hodge Bank
Contact Detail:
Julian Hodge Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Network with professionals in the motor finance and mortgage sectors. Attend industry events or webinars to connect with key players and gain insights into current trends and challenges in credit risk management.
✨Tip Number 2
Stay updated on FCA regulations and compliance requirements. Familiarise yourself with recent changes in legislation that could impact credit risk policies, as this knowledge will be crucial during interviews.
✨Tip Number 3
Prepare to discuss your experience with credit risk analytics. Be ready to share specific examples of how you've developed frameworks or policies that improved risk management in previous roles.
✨Tip Number 4
Demonstrate your ability to communicate complex analyses effectively. Practice explaining technical concepts in simple terms, as this skill is essential for engaging with both technical and non-technical stakeholders.
We think you need these skills to ace Head of Credit Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your motor finance experience and detailed mortgage knowledge. Emphasise your strong credit risk management skills and any relevant regulatory knowledge, particularly related to FCA principles.
Craft a Compelling Cover Letter: In your cover letter, clearly articulate how your experience aligns with the key responsibilities of the Head of Credit Risk role. Mention specific examples of how you've developed credit policies or led risk analytics in previous positions.
Showcase Your Analytical Skills: Since the role involves leading credit risk analytics, include examples of complex analyses you've conducted in the past. Highlight your ability to communicate insights effectively to both technical and non-technical stakeholders.
Demonstrate Regulatory Knowledge: Ensure you mention your understanding of the regulatory framework and compliance requirements. Provide examples of how you've ensured adherence to regulations in your previous roles, especially those related to PRA/FCA rules.
How to prepare for a job interview at Julian Hodge Bank
✨Showcase Your Motor Finance Experience
Make sure to highlight your experience in motor finance during the interview. Discuss specific projects or roles where you successfully managed credit risk in this area, as it’s a key requirement for the position.
✨Demonstrate Regulatory Knowledge
Be prepared to discuss your understanding of FCA principles and regulatory requirements. Bring examples of how you've ensured compliance in previous roles, as this will show your capability to navigate the regulatory landscape effectively.
✨Communicate Complex Analyses Clearly
Practice explaining complex credit risk analyses in simple terms. The ability to communicate insights to both technical and non-technical stakeholders is crucial, so think of ways to simplify your explanations without losing the essence of your analysis.
✨Build Relationships with Stakeholders
Emphasise your experience in developing strong working relationships across teams. Share examples of how you’ve collaborated with executives and other departments to align on risk appetite and controls, as this is vital for the role.
