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For Companies At a Glance
- Tasks: Oversee credit risk strategies and ensure compliance with regulatory standards.
- Company: Fast-growing FCA-regulated consumer credit company focused on member financial stability.
- Benefits: Hybrid working, annual training budget, growth shares, and private medical insurance.
- Why this job: Make a real impact in ethical lending while developing your career in finance.
- Qualifications: 5+ years in credit risk management and strong understanding of consumer credit lifecycle.
- Other info: Collaborative environment with opportunities for professional growth and development.
The predicted salary is between 36000 - 60000 Ā£ per year.
We are Creditspring, a new way of borrowing that focuses on its members and provides them with safe and efficient short-term financial products. We are a fast-growing FCA-regulated consumer credit company. Our mission is to improve the financial stability and resilience of our members by offering products, partnerships and educational content, with the goal of steering them away from high-cost, unregulated credit options.
About the Role
The Credit Risk Manager plays a key role within the Second Line of Defence, providing oversight of the organisation's consumer credit portfolio. The role is responsible for ensuring that credit risk practices are robust, compliant, and aligned with the company's risk appetite, regulatory expectations and commitment to sustainable, ethical lending.
Responsibilities
- Independent Oversight & Challenge: Provide second line oversight of credit risk strategies, policies, and decisions made by the First Line. Challenge key assumptions, model outputs, and decisionāmaking frameworks used in lending.
- Portfolio & Policy Oversight: Monitor performance of products and ensure the riskāreturn balance is in line with agreed thresholds. Review credit risk policies and assess effectiveness of controls.
- Risk Appetite Framework: Support the definition, implementation, and monitoring of our credit risk appetite. Conduct reviews against internal thresholds and raise concerns on emerging risks or threshold breaches.
- Model Governance: Review and challenge credit risk models (scorecards, affordability, decision engines, IFRS 9), in collaboration with Underwriting, Data Science, Finance, and Risk teams.
- Regulatory Compliance: Ensure credit risk frameworks, policies, and decisions are in line with UK regulatory standards (e.g. FCA Handbook, Consumer Duty), and prepare for any engagement with regulatory bodies.
- Assurance & Deep Dives: Conduct thematic risk reviews and credit portfolio assurance work to identify gaps in controls, data quality, or decisioning logic.
- Reporting & Governance: Provide independent risk reporting to senior management, the Credit Risk Committee, and the Board. Contribute to regulatory submissions and internal/external audit preparations.
- Stakeholder Engagement: Collaborate closely with Underwriting, Finance, Product, Compliance, Data, and Engineering teams. Build strong relationships across the business while maintaining appropriate independence.
What You'll Need To Succeed
- 5+ years in credit risk management, including significant time in a second line or independent oversight role.
- Prior experience in a consumer lending challenger bank or digital lender.
- Strong understanding of the consumer credit lifecycle - acquisition, account management, collections, recoveries.
- Familiarity with the UK regulatory environment including FCA rules, Consumer Duty, and IFRS 9.
- Strong understanding of credit risk metrics (PD, LGD, EAD) and financial modelling.
- Experience overseeing or challenging statistical credit risk models, including scorecards and affordability assessments.
- Comfortable working with data ā ability to interpret MI, dashboards, and model outputs.
- Strong proficiency in SQL for querying and analysing large datasets; experience with Python or similar is a plus.
- Advanced Excel skills, including expertise in complex formulas, pivot tables, and data analysis tools.
- A strong foundation in probability and statistics, including experience with A/B testing and advanced analytical methods.
- Inādepth knowledge of UK bureau data (e.g., Experian, Equifax, TransUnion) and familiarity with fraud detection techniques, alternative data sources, and collections solutions.
- Strong written and verbal communication; able to challenge constructively and influence across levels.
Benefits & Perks
- Hybrid flexible working
- Annual training budget to advance skills
- Growth shares
- Bupa Private Medical Insurance
- Awesome health and wellbeing initiatives
Please note that the People Team is contactable only via people@creditspring.co. Unsolicited emails to other team members will not be actioned.
Credit Risk Assurance Manager in London employer: Creditspring
Contact Detail:
Creditspring Recruiting Team
StudySmarter Expert Advice š¤«
We think this is how you could land Credit Risk Assurance Manager in London
āØTip 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.
āØTip Number 2
Prepare for interviews by researching Creditspring and understanding their mission. Tailor your answers to show how your experience aligns with their values and the role of Credit Risk Assurance Manager.
āØTip Number 3
Practice your responses to common interview questions, especially those related to credit risk management. Use the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
āØTip Number 4
Donāt forget to apply through our website! Itās the best way to ensure your application gets seen by the right people. Plus, it shows youāre genuinely interested in joining the team at Creditspring.
We think you need these skills to ace Credit Risk Assurance Manager in London
Some tips for your application š«”
Tailor Your CV: Make sure your CV is tailored to the Credit Risk Assurance Manager role. Highlight your experience in credit risk management and any relevant skills that match the job description. 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 improving financial stability for members and how your background aligns with our mission at Creditspring. Keep it engaging and personal!
Showcase Your Data Skills: Since this role involves working with data, make sure to highlight your proficiency in SQL and any experience with Python or similar tools. We love seeing candidates who can interpret data and provide insights that drive decision-making.
Apply Through Our Website: We encourage you to apply directly through our website. Itās the best way for us to receive your application and ensures youāre considered for the role. Plus, it shows youāre keen on joining our team at Creditspring!
How to prepare for a job interview at Creditspring
āØKnow Your Credit Risk Stuff
Make sure you brush up on your knowledge of credit risk management, especially in the context of consumer lending. Be ready to discuss key metrics like PD, LGD, and EAD, and how they apply to the role. This will show that you understand the intricacies of the job and can hit the ground running.
āØFamiliarise Yourself with Regulations
Since the role involves ensuring compliance with UK regulatory standards, itās crucial to be well-versed in FCA rules and Consumer Duty. Prepare examples of how you've navigated regulatory challenges in the past, as this will demonstrate your ability to handle compliance effectively.
āØPrepare for Data Discussions
Given the emphasis on data analysis, be ready to talk about your experience with SQL and any statistical models you've worked with. Bring along examples of how you've used data to influence decision-making or improve processes, as this will highlight your analytical skills.
āØShowcase Your Stakeholder Engagement Skills
This role requires collaboration across various teams, so think of instances where you've successfully built relationships or influenced stakeholders. Be prepared to discuss how you maintain independence while still working closely with others, as this balance is key in a second line oversight role.
