Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead risk strategy and execution for innovative financial products.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm.
- Benefits: Flexible working, private health cover, and generous family policies.
- Why this job: Make a real impact in a high-visibility role with cutting-edge AI tools.
- Qualifications: 7-10 years in finance with strong analytical and leadership skills.
- Other info: Diverse and inclusive culture with excellent development opportunities.
The predicted salary is between 43200 - 72000 £ per year.
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Role Description
We’re looking for an exceptional Head of Risk to join our leadership team and take end-to-end ownership of risk strategy and execution across the Embedded Finance and Invoice Finance business suites. This is a high-impact, high-visibility role reporting directly to the CEO of the division.
As Head of Risk, you’ll lead the development and execution of the division risk framework and collaborate with Commercial, Product, Data, Finance and Legal teams. You’ll oversee the full credit lifecycle—from analytics, underwriting and structuring, through monitoring, compliance and collections—while guiding a high-performing risk team. Also, you will lead the use of AI and Advanced Risk analytics across the risk function.
Principal Accountabilities
- Develop and lead risk strategy for our new products
- Serve as a key advisor to the Division CEO, Group CRO and Board on risk appetite, governance, and portfolio
- Lead, grow, and mentor a high-performing Risk team (8 people on day one)
- Guide collections strategy and recovery workflows, ensuring efficiency and customer-centricity.
Personal Attributes & Experience
- 7-10 years in debt capital markets, structured finance or corporate banking with a track record of leading complex credit transactions.
- STEM degree with strong analytical and decisioning skills
- Based in London or open to relocation to London
- Experience overseeing complex underwriting and deal structuring
- Demonstrated leadership across multiple dimensions of risk
- Proven ability to build and manage diversified portfolios and optimise risk-adjusted returns.
- Advanced analytical skills: financial modeling, large-data interrogation and critical credit assessment.
- Good communication and conflict resolution skills.
- Interest/Experience in leveraging AI tools.
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Head of Credit Risk and Fraud employer: Allica Bank Limited
Contact Detail:
Allica Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk and Fraud
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Allica Bank and understanding their values and mission. Tailor your answers to show how your experience aligns with their goals, especially in risk management and innovation.
✨Tip Number 3
Practice your pitch! Be ready to explain your background and how it relates to the Head of Credit Risk and Fraud role. Keep it concise but impactful—show them why you're the perfect fit!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Head of Credit Risk and Fraud
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Head of Credit Risk and Fraud. Highlight your experience in debt capital markets and structured finance, and don’t forget to showcase your leadership skills and analytical prowess!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about helping SMEs and how your background aligns with Allica Bank’s mission. Be genuine and let your personality come through.
Showcase Your Analytical Skills: Since this role involves advanced risk analytics, make sure to include specific examples of how you've used data to drive decisions in your previous roles. We love numbers, so don’t hold back!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to see your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Allica Bank Limited
✨Know Your Risk Framework
Before the interview, make sure you thoroughly understand risk frameworks and strategies relevant to Allica Bank. Be prepared to discuss how you would develop and lead risk strategies for their new products, showcasing your analytical skills and experience in debt capital markets.
✨Showcase Leadership Experience
As a potential Head of Risk, it's crucial to highlight your leadership experience. Prepare examples of how you've successfully led teams in the past, particularly in high-pressure environments. Discuss your approach to mentoring and growing a high-performing team, as this will resonate well with their expectations.
✨Demonstrate AI Knowledge
Allica Bank is keen on leveraging AI tools within their risk function. Brush up on your knowledge of AI applications in finance and be ready to discuss how you can integrate advanced analytics into risk management. This will show that you're not only experienced but also forward-thinking.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your decision-making and conflict resolution skills. Think of specific situations where you had to navigate complex credit transactions or manage diverse portfolios. Use the STAR method (Situation, Task, Action, Result) to structure your responses effectively.
