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For Companies At a Glance
- Tasks: Lead credit risk strategies and ensure loan portfolio performance meets board expectations.
- Company: Join a rapidly growing company in the motor finance industry, focused on innovation.
- Benefits: Enjoy competitive salary, flexible working options, and opportunities for professional growth.
- Why this job: Be a key player in transforming lending journeys with data and technology.
- Qualifications: Experience in auto finance and expertise in credit policy and data analysis required.
- Other info: Ideal for those passionate about driving customer outcomes and improving financial solutions.
The predicted salary is between 43200 - 72000 £ per year.
Our client is going through an exciting new phase of growth and is looking for a motivated individual who is an expert in credit risk, brings a deep understanding of the motor finance industry and is passionate about leveraging data & technology to transform the lending journeys.
Key Responsibilities & Accountabilities:
- Ensure that the loan portfolio performs within the appetite set by the Board and agreed with funders.
- Own the approval policy covering both automated rules and manual underwriting.
- Be the custodian of all scoring and loss forecasting models in the organisation.
- Embed a data driven approach to all credit decisions, monitoring performance and taking timely actions to mitigate emerging risks.
- Partner with the underwriting teams, continually thinking of ways to improve customer outcomes.
Leadership
- Be the point person for credit risk acting as a Subject Matter Expert in all stakeholder discussions including funders, regulators and auditors, as required.
- Commercial thinker focused on delivering business solutions in partnership with sales & operations.
- Act to deliver good outcomes for our customers and understand how this requirement specifically applies to their role.
Person Specification:
- Experienced in the auto finance sector; preferably, for an organization which has scaled up at pace.
- Expertise in credit policy, scorecards, loss forecasting and collections strategy development.
- Commercially minded, data driven individual with an entrepreneurial mindset.
- Good understanding of UK regulatory regime; including FCA guidelines & PRA norms.
- Excellent communicator who can work across diverse stakeholder groups; comfortable presenting and explaining technical information in a non-technical way.
- Degree or work experience in a numerate or analytical subject (Mathematics, Statistics, Computer Science, Economics, Physics or Engineering).
Head of Credit Risk employer: Eden Smith Group
Contact Detail:
Eden Smith Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Network with professionals in the motor finance industry. Attend industry events, webinars, or local meetups to connect with potential colleagues and leaders in credit risk. This can help you gain insights into the latest trends and challenges in the sector.
✨Tip Number 2
Stay updated on the latest regulatory changes in the UK, particularly those related to FCA guidelines and PRA norms. Being well-versed in these regulations will not only enhance your knowledge but also demonstrate your commitment to compliance during discussions with stakeholders.
✨Tip Number 3
Showcase your data-driven mindset by engaging in projects that involve data analysis or technology implementation in credit risk. Consider volunteering for initiatives that allow you to apply your analytical skills, as this will highlight your ability to leverage data effectively.
✨Tip Number 4
Prepare to discuss your experience in developing credit policies and scorecards. Be ready to share specific examples of how you've improved customer outcomes through innovative solutions, as this will resonate well with the leadership aspect of the role.
We think you need these skills to ace Head of Credit Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in credit risk and the motor finance industry. Use specific examples that demonstrate your expertise in credit policy, scorecards, and loss forecasting.
Craft a Compelling Cover Letter: In your cover letter, express your passion for leveraging data and technology in lending journeys. Mention how your commercial mindset and understanding of UK regulatory frameworks make you a perfect fit for the role.
Showcase Leadership Skills: Emphasise your leadership experience and ability to communicate complex information clearly. Provide examples of how you've acted as a Subject Matter Expert in previous roles and how you've partnered with teams to improve customer outcomes.
Highlight Analytical Skills: Since the role requires a strong analytical background, ensure you mention your degree or relevant work experience in numerate subjects. Discuss any specific projects where you've used data-driven approaches to make credit decisions.
How to prepare for a job interview at Eden Smith Group
✨Showcase Your Expertise in Credit Risk
Make sure to highlight your extensive knowledge of credit risk management, particularly in the motor finance industry. Be prepared to discuss specific examples of how you've successfully managed loan portfolios and implemented approval policies.
✨Demonstrate a Data-Driven Approach
Since the role requires embedding a data-driven approach to credit decisions, come equipped with examples of how you've used data and technology to improve lending processes. Discuss any scoring models or loss forecasting techniques you've developed or utilised.
✨Communicate Effectively with Stakeholders
As an excellent communicator, you should be ready to explain complex credit risk concepts in simple terms. Prepare to discuss how you've engaged with diverse stakeholders, including funders and regulators, and how you’ve ensured good customer outcomes.
✨Exhibit Commercial Awareness
Show that you understand the commercial aspects of credit risk management. Be ready to discuss how your decisions can impact business solutions and customer satisfaction, and provide examples of how you've partnered with sales and operations teams in the past.
