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For Companies At a Glance
- Tasks: Lead credit risk management strategies and oversee risk assessments across various portfolios.
- Company: Join a leading corporate bank specializing in trade finance and corporate lending.
- Benefits: Enjoy a permanent contract with opportunities for professional growth and mentorship.
- Why this job: Make a significant impact on risk management while collaborating with industry experts.
- Qualifications: Degree in qualitative subjects and extensive experience in credit risk management required.
- Other info: Opportunity to mentor junior team members and influence key decision-making processes.
The predicted salary is between 43200 - 72000 £ per year.
THE COMPANY:
We are working with a corporate bank who are key player in trade finance, capital markets and corporate lending. They are looking to hire a Senior Credit Risk Manager on a permanent contract.
THE RESPONSIBILITIES:
- Collaborate with the Head of Credit Risk to develop and execute the credit risk management strategy in alignment with the organizational risk appetite.
- Provide oversight and challenge to first line of defence units in identifying, assessing, and managing credit risks per established policies.
- Monitor and evaluate the credit risk profile, including various portfolios such as risk assets, lending, and investments.
- Analyse credit risk metrics like expected credit losses, ECL stage distribution, and large exposures to identify trends and risks.
- Work with stakeholders to ensure consistent credit risk assessment practices and effective mitigation strategies.
- Develop and implement credit risk policies and procedures to enhance risk management and regulatory compliance.
- Contribute to the enhancement of credit risk models and methodologies for improved risk measurement and reporting.
- Present regular credit risk reports to senior management, risk committees, and regulatory bodies, highlighting key issues and recommendations.
- Stay abreast of industry best practices, emerging trends, and regulatory updates to address risks effectively.
- Mentor and guide junior team members to build a proficient and risk-aware credit risk management function.
- Organize and coordinate MCC meetings, including agendas, documentation, and minutes.
- Ensure compliance with governance and decision-making protocols during MCC meetings.
- Manage communications and follow-ups related to MCC decisions and action items.
- Contribute to the (ICAAP) by providing credit risk expertise to evaluate capital adequacy requirements based on the risk profile.
- Collaborate with stakeholders to assess the impact of credit risk on capital needs and risk appetite.
- Integrate credit risk considerations into the ICAAP framework and support the development of strategies to address capital shortfalls and enhance risk management practices.
- Participate in the regular review and update of the ICAAP document, considering changes in risk profiles, regulatory requirements, and internal developments.
EXPERIENCE REQUIRED:
- A preference for candidates who have completed a degree in qualitative subjects.
- A wealth of experience in managing credit risk within the financial services industry, with a focus on second line of defence responsibilities.
- Deep understanding of credit risk principles, methodologies, and regulatory standards.
- Exceptional analytical abilities, problem-solving skills, and decision-making capabilities.
- Outstanding communication and interpersonal skills, enabling effective engagement with a variety of stakeholders.
- Proven leadership and team management skills, with a track record of driving results and fostering a culture of risk awareness.
For further information please contact Eleanor Gowling
Senior Credit Risk Manager employer: Saxton Leigh
Contact Detail:
Saxton Leigh Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Manager
✨Tip Number 1
Make sure to familiarize yourself with the latest credit risk management strategies and regulatory standards. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services industry, especially those who work in credit risk management. Engaging in conversations with them can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed credit risks or improved risk assessment practices. Highlighting these achievements can set you apart from other candidates.
✨Tip Number 4
Showcase your leadership skills by discussing how you've mentored junior team members or led projects in your previous roles. This will align well with the responsibilities of the Senior Credit Risk Manager position.
We think you need these skills to ace Senior Credit Risk Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Senior Credit Risk Manager. Familiarize yourself with credit risk management strategies and the specific requirements mentioned in the job description.
Tailor Your CV: Customize your CV to highlight relevant experience in managing credit risk, particularly within the financial services industry. Emphasize your analytical abilities, problem-solving skills, and any leadership roles you've held.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of credit risk principles and methodologies. Mention specific examples from your past experience that demonstrate your ability to develop and implement effective credit risk policies.
Highlight Communication Skills: Since the role requires outstanding communication and interpersonal skills, ensure your application reflects your ability to engage effectively with stakeholders. Provide examples of how you've successfully communicated complex information in previous roles.
How to prepare for a job interview at Saxton Leigh
✨Understand the Credit Risk Landscape
Make sure you have a solid grasp of current credit risk principles and methodologies. Familiarize yourself with the latest regulatory standards and industry best practices, as this will demonstrate your commitment to staying informed and your ability to adapt to changes in the financial landscape.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've successfully analyzed credit risk metrics or developed strategies to mitigate risks. Highlight your problem-solving abilities and how you've used data to drive decision-making in previous roles.
✨Communicate Effectively
Since the role involves engaging with various stakeholders, practice articulating complex credit risk concepts in a clear and concise manner. Be ready to explain how you've effectively communicated risk assessments and recommendations to senior management or committees in the past.
✨Demonstrate Leadership and Mentorship
Be prepared to discuss your experience in leading teams and mentoring junior members. Share specific instances where you've fostered a culture of risk awareness and how you've contributed to the professional development of your team.
