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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 in London 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 in London
✨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 credit portfolio management topics. Brush up on your knowledge of IFRS9 models and risk appetite parameters. We want you to impress them with your expertise!
✨Tip Number 3
Showcase your leadership skills! Be ready to discuss how you've successfully managed teams and projects in the past. Allica is looking for someone who can balance risk and reward, so share your experiences that highlight this.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace Head of Credit Portfolio Management in London
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 credit portfolio management, data analytics, and leadership. We want to see how your skills align 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 background makes you the perfect fit for this role. Be genuine and let your personality come through.
Showcase Your Achievements: Don’t just list your responsibilities; showcase your achievements! Use specific examples that demonstrate your impact in previous roles, especially in managing credit risk and leading teams. Numbers and results speak volumes!
Apply Through Our Website: We encourage you to apply 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 any important updates from our team!
How to prepare for a job interview at Allica Bank
✨Know Your Numbers
As a candidate for the Head of Credit Portfolio Management, you need to be fluent in data and analytics. Brush up on key metrics like PD, LGD, and SICR models. Be ready to discuss how you've used these metrics in past roles to optimise risk-return outputs.
✨Showcase Leadership Skills
This role requires strong people leadership and stakeholder management. Prepare examples that highlight your experience in leading teams and managing relationships across departments. Think about times when you successfully balanced risk and reward in your previous positions.
✨Understand the Fintech Landscape
Allica Bank is at the forefront of fintech innovation. Familiarise yourself with current trends in commercial lending and how they impact SMEs. Be prepared to discuss how you can contribute to Allica's mission of serving this underserved market.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle real-world challenges in credit portfolio management. Think through scenarios involving stress testing, impairment reporting, and setting risk appetite parameters. Practising your responses will help you articulate your thought process clearly.
