Interim Head of Credit Risk
About the Company
We are a dynamic and growing financial institution, building our operations from the ground up with a focus on innovation and customer-centricity. Our mission is to unlock opportunities by developing new, bespoke savings and mortgage products powered by cutting-edge technology. We believe in creating a better banking experience and are looking for progressive, innovative problem-solvers who can deliver exceptional value and build strong relationships. If you\'re ready to contribute to a forward-thinking environment and empower individuals to achieve their financial ambitions, we encourage you to apply.
Responsibilities
As the Interim Head of Credit Risk, you will play a crucial role in safeguarding our financial health and ensuring robust risk management practices. Your key responsibilities will include:
- Leading the second line Credit Risk Function to optimize and embed the Credit Risk Management Framework.
- Promoting and ensuring adherence to the organization\'s Credit Risk Management framework, relevant risk and compliance policies, and procedures, with timely escalation of concerns.
- Providing subject matter expert advice to support the maintenance of credit risk management practices in line with regulatory standards.
- Collaborating with first-line operational areas involved in credit risk management to foster high standards of practice and efficient processes.
- Leading, managing, developing, and coaching a small team of risk professionals to oversee the delivery of credit risk expertise.
- Leading assurance activity on lending portfolios and the implementation of credit policy, processes, and guidance.
- Developing and reporting against a suite of credit risk metrics covering risk appetite, key risk indicators, and key performance indicators.
- Ensuring that credit risk policies support the organization\'s risk appetite and business strategy.
- Developing and maintaining effective approaches for credit risk measurement appropriate for each asset class.
- Identifying emerging credit risks through regular reporting and analysis of credit risk performance data, alongside external horizon scanning.
- Contributing to the ICAAP process through review, challenge, and direct inputs.
- Developing and maintaining policy for credit risk impairment and provisions, and overseeing the monthly impairment calculation.
- Taking an active part in credit underwriting through exercising and delegating approval authorities.
- Actively participating in the organization\'s Credit Committee and other executive/board-level committees as required, providing insights on the credit risk profile.
- Supporting the Chief Risk Officer (CRO) in delivering the overall risk strategy.
- Championing an effective positive risk culture through communication and collaboration.
Key Tasks
- Development and maintenance of risk appetite, KRI, and KPI frameworks.
- Development, review, and maintenance of credit risk policies.
- Regular credit assurance activity on the credit risk profile and practices.
- Regular reporting, monitoring, and analysis of credit risk performance against established metrics.
- Active participation in credit underwriting and oversight of related areas.
- Leading a small team, ensuring clear direction and deliverables aligned with business objectives.
- Promotion of a positive risk culture across the organization.
Experience
We are seeking a candidate with a strong background in credit risk, including:
- Demonstrable practical experience managing credit risk throughout the credit lifecycle.
- Experience with both expert and judgmental lending approaches, as well as portfolio/modelled approaches to credit risk management.
- Proven experience developing, implementing, and embedding all aspects of risk management frameworks, with a collaborative approach.
- Experience in developing and integrating enhanced management information capabilities within oversight and decision-making processes.
- Familiarity with the regulatory environment relating to credit risk and a sound understanding of current financial services market trends and upcoming regulatory changes.
- Prior experience leading business-as-usual continuous improvements.
- Experience presenting to Board/Non-executive directors or regulators.
- Proven ability to promote a positive risk culture within a business, function, and team.
Qualifications & Personal Characteristics
The ideal candidate will possess:
- A strong track record in risk management leadership roles.
- A robust technical credit risk background in relevant lending segments, with an emphasis on secured lending.
- The ability to actively build collaborative relationships to achieve joint goals and business value.
- Adaptability to change and strong problem-solving skills in complex environments.
- A business-oriented mindset with a customer focus.
- A long-term strategic approach.
- The courage to make decisive decisions.
- An innovative and proactive demeanor.
- A commitment to personal development.
- High ethical and moral standards.
- A desire to contribute to the development of operations and colleagues.
StudySmarter Expert Advice🤫
We think this is how you could land Interim Head of Credit Risk in Cardiff
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like Broadgate. You never know who might be your next boss or a crucial contact!
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Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from Broadgate.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like Broadgate. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in Broadgate and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
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How to prepare for a job interview at Broadgate
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
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If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with Broadgate.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with Broadgate's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
