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For Companies At a Glance
- Tasks: Lead credit risk strategies and ensure loan portfolio performance meets board expectations.
- Company: Join a rapidly growing company in the motor finance industry, focused on innovation.
- Benefits: Enjoy competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Be a key player in transforming lending journeys with data and technology.
- Qualifications: Experience in auto finance and expertise in credit policy and data analysis required.
- Other info: Ideal for those passionate about driving customer outcomes and improving financial solutions.
The predicted salary is between 43200 - 72000 £ per year.
Our client is going through an exciting new phase of growth and is looking for a motivated individual who is an expert in credit risk, brings a deep understanding of the motor finance industry and is passionate about leveraging data & technology to transform the lending journeys.
Key Responsibilities & Accountabilities:
- Credit Risk
- Ensure that the loan portfolio performs within the appetite set by the Board and agreed with funders.
- Own the approval policy covering both automated rules and manual underwriting.
- Be the custodian of all scoring and loss forecasting models in the organisation.
- Embed a data driven approach to all credit decisions, monitoring performance and taking timely actions to mitigate emerging risks.
- Partner with the underwriting teams, continually thinking of ways to improve customer outcomes.
- Leadership
- Be the point person for credit risk acting as a Subject Matter Expert in all stakeholder discussions including funders, regulators and auditors, as required.
- Commercial thinker focused on delivering business solutions in partnership with sales & operations.
- Act to deliver good outcomes for our customers and understand how this requirement specifically applies to their role.
Person Specification:
- Experienced in the auto finance sector; preferably, for an organization which has scaled up at pace.
- Expertise in credit policy, scorecards, loss forecasting and collections strategy development.
- Commercially minded, data driven individual with an entrepreneurial mindset.
- Good understanding of UK regulatory regime; including FCA guidelines & PRA norms.
- Excellent communicator who can work across diverse stakeholder groups; comfortable presenting and explaining technical information in a non-technical way.
- Degree or work experience in a numerate or analytical subject (Mathematics, Statistics, Computer Science, Economics, Physics or Engineering).
Contact Detail:
Eden Smith Group 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 industry. Attend industry events, webinars, or local meetups to connect with potential colleagues and learn about the latest trends in credit risk management.
✨Tip Number 2
Familiarise yourself with the latest data analytics tools and technologies used in credit risk assessment. Being able to discuss how you can leverage these tools will set you apart during interviews.
✨Tip Number 3
Prepare to discuss your experience with credit policies and loss forecasting models in detail. Be ready to provide examples of how you've successfully implemented data-driven decisions in previous roles.
✨Tip Number 4
Understand the regulatory landscape in the UK, particularly FCA guidelines and PRA norms. Being knowledgeable about compliance will demonstrate your readiness to navigate the complexities of the role.
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 experience in credit risk and the motor finance industry. Use specific examples that demonstrate your expertise in credit policy, scorecards, and loss forecasting.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for leveraging data and technology in lending journeys. Mention how your commercial mindset and understanding of UK regulatory frameworks make you a perfect fit for the role.
Highlight Leadership Experience: If you have experience leading teams or projects, be sure to include this in your application. Discuss how you've acted as a Subject Matter Expert and collaborated with diverse stakeholders to achieve business solutions.
Showcase Communication Skills: Since excellent communication is key for this role, provide examples of how you've effectively communicated complex information to non-technical audiences. This will demonstrate your ability to engage with various stakeholders.
How to prepare for a job interview at Eden Smith Group
✨Showcase Your Expertise in Credit Risk
Make sure to highlight your extensive knowledge of credit risk management, particularly in the motor finance industry. Be prepared to discuss specific examples of how you've successfully managed loan portfolios and implemented approval policies.
✨Demonstrate a Data-Driven Approach
Since the role requires embedding a data-driven approach to credit decisions, come equipped with examples of how you've used data analytics to improve outcomes. Discuss any scoring models or loss forecasting techniques you've developed or utilised.
✨Communicate Effectively with Stakeholders
As an excellent communicator, you should be ready to explain complex credit risk concepts in simple terms. Prepare to discuss how you've engaged with diverse stakeholders, including funders and regulators, and how you tailored your communication to suit different audiences.
✨Exhibit Commercial Awareness
Show that you understand the commercial implications of credit risk decisions. Be ready to discuss how your strategies have contributed to business solutions and improved customer outcomes, demonstrating your entrepreneurial mindset.
