At a Glance
- Tasks: Manage credit and fraud risks, ensuring compliance and supporting business growth.
- Company: Join a reputable organisation focused on financial stability and risk management.
- Benefits: Competitive salary, potential for permanent role, and a supportive team environment.
- Why this job: Make a real impact on financial safety while developing your skills in a dynamic setting.
- Qualifications: Experience in credit risk management and strong analytical skills required.
- Other info: Office-based role in NG11, full-time Monday to Friday.
The predicted salary is between 24000 - 36000 £ per year.
SF Recruitment are currently supporting their long-standing client in the search for an experienced professional in Credit Risk to join the team immediately, on an initial ongoing temporary basis with a view to permanent employment if all goes well.
Office based - NG11
Full time, Monday to Friday.
£27,000 - £30,000 DOE
You will be responsible for overseeing and managing both credit and fraud risks within the organisation. This includes identifying, assessing, and mitigating risks associated with customer credit, financial products, and potentially fraudulent activities that could adversely affect the company's financial position and profitability. The role also involves developing and implementing robust credit and fraud risk policies, frameworks, and procedures to ensure the company effectively manages its exposure while maintaining business growth and profitability.
Key Responsibilities:
- Oversee the order release process, ensuring that all orders are vetted for compliance with internal policies, including fraud detection, financial risk, operation risk and ensure each order undergoes appropriate checks in place.
- Work closely with the sales, finance, and operations teams to assess the risks associated with high-value orders, complex contracts, or orders involving new customers.
- Expertise in assessing and managing credit risk across different financial products and sectors.
- Reviewing cash with order and credit applications covering off all elements of potential fraud, analysing the provided information and identifying any exceptions to assist with fraud prevention. The individual will be required to justify and discuss their decisions with their manager.
- Setting up new accounts on the system.
- Communicating any decisions to relevant internal departments.
- Recording all information on a variety of systems and ensuring relevant follow-up dates are set.
- Managing many existing accounts, performing regular internal reviews ensuring all customers' accounts remain in line with agreed terms, regularly requesting up to date financial information.
- Maintaining a strong relationship with our credit reference agency and insurance providers.
- Assisting with reporting and general administration.
If you have the experience required and have immediate availability, or maximum 1 week's notice, please get in touch today.
Credit Risk Officer employer: SF Recruitment
Contact Detail:
SF Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Officer
✨Tip Number 1
Familiarise yourself with the latest trends and regulations in credit risk management. This will not only help you understand the role better but also demonstrate your commitment to staying updated in this ever-evolving field.
✨Tip Number 2
Network with professionals in the credit risk sector. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed credit and fraud risks in previous roles. Being able to articulate your experience clearly will set you apart during interviews.
✨Tip Number 4
Research StudySmarter's values and mission. Understanding our company culture will help you align your responses during interviews, showing that you're a great fit for our team.
We think you need these skills to ace Credit Risk Officer
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Credit Risk Officer. Familiarise yourself with key terms like credit risk, fraud risk, and the importance of compliance in financial operations.
Tailor Your CV: Highlight your relevant experience in credit risk management and any specific achievements that demonstrate your ability to assess and mitigate risks. Use keywords from the job description to ensure your CV aligns with what the company is looking for.
Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the role and how your skills and experiences make you a perfect fit. Be sure to mention your understanding of the company's needs and how you can contribute to their success.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial in a role focused on risk management.
How to prepare for a job interview at SF Recruitment
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Credit Risk Officer. Familiarise yourself with credit and fraud risk management, as well as the specific processes mentioned in the job description, such as overseeing order releases and assessing high-value orders.
✨Prepare for Scenario Questions
Expect to be asked about how you would handle specific situations related to credit risk and fraud detection. Prepare examples from your past experience where you successfully identified and mitigated risks, and be ready to discuss your thought process.
✨Know the Company
Research the company’s history, values, and recent developments. Understanding their approach to credit risk and how they maintain profitability will help you tailor your answers and show that you're genuinely interested in the role.
✨Showcase Your Analytical Skills
As a Credit Risk Officer, strong analytical skills are crucial. Be prepared to discuss your experience with analysing financial data, identifying trends, and making data-driven decisions. Highlight any relevant tools or software you’ve used in previous roles.