At a Glance
- Tasks: Manage credit risks and monitor compliance for a diverse portfolio in a dynamic banking environment.
- Company: Join a leading bank with a commitment to innovation and excellence.
- Benefits: Enjoy remote work flexibility, competitive salary, and opportunities for professional growth.
- Other info: Collaborative culture with opportunities to learn and grow in the financial sector.
- Why this job: Make a real impact by ensuring effective credit risk management and supporting business success.
- Qualifications: Strong experience in credit risk management and excellent communication skills required.
The predicted salary is between 60000 - 75000 £ per year.
Our client is looking for a Credit Risk Manager to support the Deputy Head of Risk to manage the Branch’s credit portfolio including risk identification and post approval monitoring for the portfolio. To provide independent, high quality credit risk monitoring for corporate, financial institution and sovereign counterparties, issuers and clients.
- To check and coordinate with the RMs that all credit facility parameters are recorded accurately in the Bank’s systems.
- Stage wise monitoring of loan disbursements and associated compliance of terms and conditions/Conditions precedent.
- Regular monitoring of financial covenants and other monitoring conditions.
- To monitor the timely review of ratings and annual/ad-hoc reviews and follow up with first line to ensure compliance.
- To ensure that all credit assets in the Branch are classified in line with the Bank’s Asset Classification Policy.
- To ensure that credit limit breaches/KRI’s are reported in accordance with policy.
- To assist the Deputy Head of Risk in ensuring that all credit risks in the Bank are monitored and controlled effectively, and that the Bank establishes and maintains appropriate credit risk management controls, systems, policies and procedures.
- To monitor news and other market information that indicate material changes in the assessment of the Bank’s credit risks, and to inform the Deputy Head of Risk, Senior Management and the relevant Business Areas.
- Perform administrative duties as Secretary of the Branch Credit Committee.
- To provide support, advice and assistance to all Business Areas on all credit-related matters.
- To ensure all Credit related policies and procedures are updated and fit for purpose.
- Read and understand the Risk Management & Compliance framework (and the policies referenced therein) that are applicable to their work and ensure that their work is carried out in full accordance with those policies and procedures and with a high degree of professionalism and integrity.
- Reporting and escalating material risk events, including conduct risk events and conflicts of interest, or losses to the Deputy Head of Risk.
- Ensuring transactions arranged are in accordance with the Tax Risk Policy and are documented in accordance with the Legal Policy and any applicable departmental procedures.
- Ensuring managing the use of IT systems and of data, particularly personal data, in accordance with the IT Security Policy and the Data Protection Policy and any applicable departmental procedures.
- Ensuring the timely completion of training required by the Bank.
- To ensure policy and processes meet legal and regulatory requirements, identify opportunities to improve the framework and collaborate with the First Line of Defence to implement and embed changes.
- Ad-hoc tasks assigned by the line manager.
Strong experience in managing credit risks of all types and experience of implementing credit risk management frameworks.
A good understanding of a broad range of wholesale banking and treasury products and a strong understanding of the sources of credit risk in such products.
A good understanding of the UK regulatory framework.
Excellent communication skills, both written and verbal, in English. Skills in Mandarin would be an advantage.
Credit Risk Manager (Remote working) in London employer: Barbara Houghton Associates Limited
Join a forward-thinking financial institution that prioritises employee development and fosters a collaborative work culture. As a Credit Risk Manager, you will benefit from flexible remote working arrangements, competitive compensation, and opportunities for professional growth within a supportive environment. Our commitment to integrity and compliance ensures that you will be part of a team dedicated to maintaining high standards while managing credit risks effectively.
Contact Details:
Barbara Houghton Associates Limited Recruitment Team
