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- Tasks: Oversee credit risk management and ensure compliance with bank policies.
- Company: FirstBank UK, a leading global bank with a rich heritage.
- Benefits: Hybrid work model, competitive salary, and opportunities for professional growth.
- Why this job: Join a prestigious bank and make a real impact on credit risk management.
- Qualifications: Extensive experience in credit risk and strong analytical skills required.
- Other info: Dynamic role with opportunities to challenge and improve banking processes.
The predicted salary is between 60000 - 75000 £ per year.
FirstBank UK is a globally recognised, top-tier bank who provide world-class services to various institutions and individuals. Offering a comprehensive range of retail and corporate financial services/products, this thriving business with over 10 million active customers in over 700 business locations is the oldest African bank in the UK. Due to business requirements, we are now looking to acquire the services of an experienced Credit Monitoring Control Manager to provide independent oversight of the Bank's credit risk in the Second Line of Defence. Please note that this role is hybrid with 3 days from the office and 2 days working from home.
Key Responsibilities:
- Provide independent Second Line oversight of post‑disbursement credit risk for individual borrowers, ensuring exposures remain within the Bank’s approved Risk appetite.
- Monitor borrower performance by reviewing financial updates, repayment behaviour, operating performance, and other relevant early warning indicators.
- Assess covenant compliance, ensuring breaches or weaknesses are identified, challenged, and escalated promptly.
- Review collateral adequacy and security maintenance, including valuations, expiry dates, insurance coverage, and enforceability.
- Challenge the First Line of Defence’s ongoing borrower monitoring, ensuring that risk ratings, watchlist classifications, and remedial actions are appropriate and evidence‑based.
- Conduct periodic credit file reviews to ensure documentation, approvals, and ongoing monitoring meet policy and regulatory requirements.
- Identify emerging borrower‑specific and portfolio-wide risks and provide timely advice, challenge, and escalation to senior risk management when deterioration is observed.
- Report material borrower issues, covenant breaches, and risk concerns to relevant risk committees and senior stakeholders.
- Contribute to enhancements in post‑lending monitoring frameworks, including improvements to controls, processes, and reporting.
- Inputting and overseeing the credit risk limits and other maintenance on FlexCube.
Key Skills/Experience:
- Extensive experience in credit risk and credit operations management, within a banking or financial services environment.
- Strong background in post‑lending monitoring.
- Proven exposure to the Second Line of Defence or equivalent.
- Experience challenging First Line of Defence assessments.
- Experience working with risk committees and senior management.
- Previous experience or knowledge of Flexcube or similar would be advantageous.
- Strong credit analysis skills with the ability to interpret financial statements, cash flow, borrower performance, and risk indicators.
- Excellent understanding of credit policies, risk appetite frameworks, and control requirements.
- Previous managerial experience/experience managing direct reports.
- Strong competence in analysing risk data.
Credit Monitoring Control Manager employer: FirstBank UK Limited
Contact Detail:
FirstBank UK Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Monitoring Control Manager
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and financial services sector. Attend industry events or webinars, and don’t be shy about introducing yourself. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by researching FirstBank UK thoroughly. Understand their values, recent news, and how they operate. We want you to show them that you’re not just another candidate, but someone who genuinely cares about their mission and can contribute to their success.
✨Tip Number 3
Practice your responses to common interview questions, especially those related to credit risk management. We suggest using the STAR method (Situation, Task, Action, Result) to structure your answers. This will help you articulate your experience clearly and effectively.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that Credit Monitoring Control Manager role!
We think you need these skills to ace Credit Monitoring Control Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Monitoring Control Manager role. Highlight your experience in credit risk and operations management, and don’t forget to mention any relevant skills that match the job description.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the role. Mention specific experiences that demonstrate your ability to provide independent oversight and challenge assessments effectively.
Showcase Your Skills: When filling out your application, be sure to showcase your strong credit analysis skills and understanding of credit policies. Use examples from your past roles to illustrate how you've successfully managed credit risk and worked with senior management.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss any important updates about your application status!
How to prepare for a job interview at FirstBank UK Limited
✨Know Your Credit Risk Inside Out
Make sure you brush up on your knowledge of credit risk management, especially in the context of post-lending monitoring. Be prepared to discuss specific examples from your past experience where you've successfully identified and managed credit risks.
✨Familiarise Yourself with FlexCube
If you have experience with FlexCube or similar systems, be ready to talk about it. If not, do a bit of research to understand its functionalities and how it relates to credit risk management. This shows initiative and a willingness to learn.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to assess hypothetical situations regarding borrower performance or covenant compliance. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and ability to challenge assessments effectively.
✨Showcase Your Communication Skills
As a Credit Monitoring Control Manager, you'll need to communicate complex information to various stakeholders. Prepare to give examples of how you've effectively reported issues or escalated concerns in the past, highlighting your ability to convey critical information succinctly.