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- Tasks: Lead credit risk strategies and ensure loan portfolio performance meets company standards.
- Company: Join a rapidly growing firm in the motor finance industry, focused on innovation and data-driven solutions.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be at the forefront of transforming lending journeys while making a real impact on customer outcomes.
- Qualifications: Experience in auto finance, strong analytical skills, and a degree in a numerate subject are essential.
- Other info: Act as a key expert in stakeholder discussions, influencing decisions across the organisation.
The predicted salary is between 72000 - 108000 £ 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).
Head of Credit Risk employer: Eden Smith Group
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 others who work in credit risk. This can help you gain insights into the latest trends and potentially lead to referrals.
✨Tip Number 2
Stay updated on UK regulatory changes, especially those related to FCA guidelines and PRA norms. Being knowledgeable about current regulations will not only enhance your expertise but also demonstrate your commitment to compliance during discussions with stakeholders.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data to drive credit decisions in previous roles. Highlighting your experience with scoring models and loss forecasting will showcase your ability to embed a data-driven approach in credit risk management.
✨Tip Number 4
Practice explaining complex credit risk concepts in simple terms. As an excellent communicator, being able to convey technical information to non-technical stakeholders is crucial. This skill will be valuable in stakeholder discussions and presentations.
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: In your cover letter, express 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: Emphasise any leadership roles you've held, particularly those involving stakeholder engagement. Showcase your ability to communicate complex information clearly to diverse groups, as this is crucial for the position.
Showcase Analytical Skills: Since the role requires a strong analytical background, include any relevant qualifications or experiences in numerate subjects. Discuss how you've used data-driven approaches to improve outcomes in previous roles.
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, 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 Mindset
Since the role requires embedding a data-driven approach, come equipped with examples of how you've used data and technology to enhance lending journeys. Discuss any scoring models or loss forecasting techniques you've developed or improved.
✨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, in previous roles.
✨Exhibit Commercial Awareness
The company is looking for a commercially minded individual, so be prepared to discuss how your decisions have positively impacted business outcomes. Think of examples where you've partnered with sales and operations to deliver effective solutions.
