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- Tasks: Lead risk management efforts, advising teams on credit and counterparty risks.
- Company: Join a reputable financial services firm focused on strong business outcomes.
- Benefits: Enjoy 28 days of leave, comprehensive insurance, and a pension plan.
- Why this job: Make a real impact on risk management while collaborating across the business.
- Qualifications: Advanced qualifications in finance or risk management are essential.
- Other info: Ideal for experienced professionals looking to enhance their career in risk.
The predicted salary is between 43200 - 72000 £ per year.
Role purpose We have an exciting opportunity for an experienced risk professional to effectively collaborate across the business to provide a second line view. You will apply knowledge and insights concerning investment, credit, and counterparty risks and how this impacts our business to deliver strong business outcomes relating to capital, risk management, the Company brand, and market reputation whilst achieving positive outcomes for all our stakeholders. Key responsibilities Advise the first line to facilitate the development of appropriate investment and counterparty credit risk frameworks and ensure the first line teams meet their obligations under the risk mandate. Provide advice regarding relevant risk policies and procedures, associated risk appetite, and limits and the monitoring of these through key risk indicators and risk management information. Ensure exceptions are appropriately reported and resolved. Oversee the construction of pricing portfolios and back book optimisation exercises to ensure risks are clearly identified and assessed in the context of risk appetite. Ensure appropriate review of new investment initiatives and validation of credit ratings. Provide advice and guidance regarding ratings assessment and methodologies. Oversee the validation and reporting of credit and counterparty risk MI for the Risk Function. Provide assurance to the Risk Function on risk and controls through periodic deep dive reviews, investigations, and general oversight work. Provide support to the business with managing day-to-day and new risks to ensure significant risks are properly identified and managed in line with PIC’s risk appetite as well as giving general advice on good risk management in relation to credit and counterparty risk. Person specification Knowledge, experience, skills, and abilities (technical competencies) Prior experience of a risk management role in a relevant financial services entity (insurance, asset management, banking). Good technical knowledge of credit risk, along with experience of counterparty risks, including ratings approaches and methodologies. Established knowledge of legal regulatory and industry requirements. Knowledge of business processes, standards, policies, and procedures. Familiarity with the UK regulatory environment and specific solvency regimes. Qualifications Advanced qualification reflective of a high degree of numeracy (FIA, CFA, ACA, CAIA, or similar). Benefits 28 days’ annual leave plus bank holidays. Pension. Insurance for Travel, Private Medical, Critical Illness, Life Assurance, and Income Protection. Save As You Earn (SAYE). And more. #J-18808-Ljbffr
Head of Credit Risk employer: Pension Corporation
Contact Detail:
Pension Corporation Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Make sure to showcase your experience in risk management roles, especially within financial services. Highlight specific projects or initiatives where you successfully managed credit and counterparty risks.
✨Tip Number 2
Familiarize yourself with the UK regulatory environment and solvency regimes. Being able to discuss how these regulations impact risk management will demonstrate your expertise and understanding of the industry.
✨Tip Number 3
Prepare to discuss your approach to developing risk frameworks and how you've advised teams in the past. Concrete examples of how you've facilitated compliance with risk mandates will be valuable.
✨Tip Number 4
Stay updated on current trends and methodologies in credit risk assessment. Being knowledgeable about the latest practices will show that you're proactive and committed to continuous improvement in risk management.
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 relevant experience in risk management, particularly in credit and counterparty risks. Use specific examples that demonstrate your knowledge of investment frameworks and regulatory requirements.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key responsibilities outlined in the job description, emphasizing your ability to collaborate across teams and provide strategic risk insights.
Highlight Technical Competencies: Clearly outline your technical competencies related to credit risk and counterparty risk in your application. Mention any advanced qualifications you hold, such as FIA, CFA, or ACA, and how they contribute to your expertise in the field.
Showcase Regulatory Knowledge: Demonstrate your familiarity with the UK regulatory environment and solvency regimes in your application. This will show that you understand the legal and industry requirements necessary for the role.
How to prepare for a job interview at Pension Corporation
✨Showcase Your Risk Management Expertise
Be prepared to discuss your previous experience in risk management roles, particularly in financial services. Highlight specific examples where you successfully identified and mitigated risks, and how your actions positively impacted the business.
✨Understand Regulatory Requirements
Familiarize yourself with the UK regulatory environment and solvency regimes relevant to the role. Be ready to discuss how these regulations influence risk management practices and how you have navigated them in past positions.
✨Demonstrate Technical Knowledge
Make sure to articulate your understanding of credit risk and counterparty risks, including ratings approaches and methodologies. Prepare to explain how you have applied this knowledge in real-world scenarios to enhance risk frameworks.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in risk management. Think through potential challenges you might face in the role and how you would address them, ensuring you align your answers with the company's risk appetite.
