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For Companies At a Glance
- Tasks: Lead credit portfolio management and optimise risk-return strategies for a fast-growing bank.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm focused on supporting SMEs.
- Benefits: Competitive salary, leadership opportunities, and a chance to shape the future of banking.
- Why this job: Make a real impact in a dynamic environment while driving innovation in credit risk management.
- Qualifications: Proven leadership in commercial credit management and strong data analytics skills.
- Other info: Be part of a collaborative team that values ambition and innovation.
The predicted salary is between 72000 - 108000 £ 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.
Department Description
The Credit Portfolio Management (CPM) function is at the heart of building out data and model-led portfolio stewardship, impairment management and credit data quality. CPM owns credit modelling as well as credit portfolio management, bringing the two together to optimise our risk-return output for the bank. Models include IFRS9 model estate (e.g. PD, LGD, SICR, economic response models), decisioning models for automated underwriting, and some of the credit-linked GenAI models used to automate processes. Portfolio management includes setting portfolio risk appetite parameters that guide our setting of deal appetite, impairment reporting, budgeting and stress testing, ad hoc deep dives to inform our lending strategy. Operating at pace in a scaling bank, CPM must balance speed and commerciality with rigorous data quality controls and regulatory-ready model management.
This is a senior leadership role responsible for shaping how the bank manages and measures credit risk across product, geography and economic cycles. The role is responsible for sensibly balancing risk and reward – where too little or too much risk needs to be corrected through the cycle for the level of returns and growth we target.
The role will work closely with Finance, 2LoD Credit / Model Risk, Commercial & Distribution, Transactional Credit Risk (Underwriting, Collections & Recoveries), Product & Proposition and Capital Markets teams, interacting regularly with Exco members via Committees and otherwise.
We’re looking for a proven leader in commercial credit portfolio management with deep expertise in understanding the dynamics within commercial lending, exceptional fluency in data and analytics, strong capability in people leadership and stakeholder management.
For the right individual, this is a rare opportunity to help develop and scale one of the most critical lending functions within a bank that is ambitious, innovative, and fast becoming a leader in UK business banking.
Head of Credit Portfolio Management employer: Allica Bank
Contact Detail:
Allica Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Portfolio Management
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those connected to Allica Bank. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into Allica's mission and values. Show us how your experience aligns with our goal of supporting SMEs. Tailor your examples to highlight your leadership and data-driven decision-making skills.
✨Tip Number 3
Don’t just wait for job postings! Keep an eye on our website and apply directly. We love proactive candidates who take the initiative to express their interest in joining our team.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can leave a lasting impression. Use this opportunity to reiterate your enthusiasm for the role and how you can contribute to our credit portfolio management efforts.
We think you need these skills to ace Head of Credit Portfolio Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Head of Credit Portfolio Management. Highlight your experience in commercial credit portfolio management and any relevant data analytics skills. We want to see how your background aligns with our mission at Allica Bank!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to tell us why you're passionate about helping SMEs and how your leadership experience can drive our credit portfolio management forward. Keep it engaging and personal – we love to see your personality come through!
Showcase Your Achievements: When detailing your past roles, focus on specific achievements that demonstrate your ability to balance risk and reward. Use metrics where possible to quantify your impact. We’re keen to see how you’ve made a difference in previous positions!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get started on this journey together!
How to prepare for a job interview at Allica Bank
✨Know Your Numbers
As a candidate for the Head of Credit Portfolio Management, you should be well-versed in key metrics like PD, LGD, and SICR. Brush up on how these models impact credit risk and be ready to discuss your experience with them. This shows you understand the technical side of the role.
✨Showcase Leadership Skills
This is a senior leadership position, so be prepared to share examples of how you've successfully led teams in the past. Highlight your ability to balance risk and reward while managing stakeholders effectively. Use specific scenarios to illustrate your leadership style and decision-making process.
✨Understand the Business Landscape
Familiarise yourself with the current trends in commercial lending and fintech. Be ready to discuss how you would approach credit portfolio management in a rapidly scaling bank like Allica. Showing that you’re aware of the challenges and opportunities in the market will set you apart.
✨Prepare Questions for Them
Interviews are a two-way street! Prepare insightful questions about Allica Bank's vision for the Credit Portfolio Management function and how it aligns with their growth strategy. This demonstrates your genuine interest in the role and helps you assess if it's the right fit for you.
