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- Tasks: Lead risk strategy and execution for innovative financial products at Allica Bank.
- Company: Join the UK's fastest-growing fintech, dedicated to supporting established SMEs.
- Benefits: Enjoy flexible working, private health cover, and a supportive work environment.
- Why this job: Make a real impact in a high-visibility role while mentoring a dynamic risk team.
- Qualifications: 7-10 years in finance with strong analytical skills and leadership experience.
- Other info: Diverse and inclusive culture with opportunities for personal and professional growth.
The predicted salary is between 72000 - 108000 ÂŁ per year.
About Allica Bank
Allica is the UK's fastest growing company - and the fastestâgrowing 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
Weâre looking for an exceptional Head of Risk to join our leadership team and take endâtoâend ownership of risk strategy and execution across the Embedded Finance and Invoice Finance business suites. This is a highâimpact, highâvisibility role reporting directly to the CEO of the division.
As Head of Risk youâll lead the development and execution of the division risk framework and collaborate with Commercial, Product, Data, Finance and Legal teams. Youâll oversee the full credit lifecycle from analytics, underwriting and structuring through monitoring compliance and collections while guiding a highâperforming 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 highâperforming Risk team (8 people on day one).
- Guide collections strategy and recovery workflows ensuring efficiency and customerâcentricity.
Personal Attributes & Experience
- 7â10 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 riskâadjusted returns.
- Advanced analytical skills: financial modeling, largeâdata 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.
- Familyâfriendly policies including enhanced Maternity & Paternity leave.
Donât tick every box? Donât worry if you donât have all the skills or requirements listed on the job description. If you think youâll be a good fit weâd still love to hear from you!
Flexible working
We know the 9âtoâ5 isnât right for everyone. Thatâs 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
Weâre 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 in London employer: Allica Bank
Contact Detail:
Allica Bank Recruiting Team
StudySmarter Expert Advice đ¤Ť
We think this is how you could land Head of Credit Risk and Fraud in London
â¨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.
â¨Tip Number 2
Prepare for interviews by researching Allica Bank and its culture. Understand their mission and values, and think about how your experience aligns with their goals. This will help you stand out as a candidate who truly gets what theyâre about.
â¨Tip Number 3
Showcase your skills during interviews! Bring examples of your past work, especially those that highlight your leadership and analytical abilities. Be ready to discuss how you've tackled challenges in credit risk and fraud.
â¨Tip Number 4
Donât forget to apply through our website! Itâs the best way to ensure your application gets seen. Plus, it shows youâre genuinely interested in being part of the Allica team.
We think you need these skills to ace Head of Credit Risk and Fraud in London
Some tips for your application đŤĄ
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 donât forget to showcase your leadership skills. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk management and how your background aligns with our mission at Allica Bank. Be genuine and let your personality come through â we love that!
Showcase Your Analytical Skills: Since this role involves advanced analytical skills, make sure to include examples of your financial modelling and data interrogation experience. Weâre keen to see how youâve tackled complex credit assessments in the past.
Apply Through Our Website: We encourage you to apply directly through our website. Itâs the best way for us to receive your application and ensures youâre considered for the role. Plus, it shows youâre serious about joining our team at Allica Bank!
How to prepare for a job interview at Allica Bank
â¨Know Your Risk Strategies
Make sure youâre well-versed in risk management strategies, especially those relevant to credit and fraud. Be prepared to discuss how you would develop and lead risk strategies for new products at Allica Bank.
â¨Showcase Your Leadership Skills
As a potential leader of a high-performing risk team, itâs crucial to demonstrate your leadership experience. Share specific examples of how you've mentored teams and guided them through complex credit transactions.
â¨Familiarise Yourself with AI Tools
Since the role involves leveraging AI and advanced analytics, brush up on your knowledge of these tools. Be ready to discuss how youâve used technology to enhance risk assessment and decision-making in previous roles.
â¨Communicate Clearly and Confidently
Strong communication skills are key in this role. Practice articulating your thoughts clearly, especially when discussing complex topics like underwriting and compliance. This will help you convey your ideas effectively during the interview.
