At a Glance
- Tasks: Lead credit and model risk oversight, shaping a culture of open risk discussion.
- Company: Fast-growing challenger bank with a focus on innovation and collaboration.
- Benefits: Competitive salary, career growth opportunities, and a dynamic work environment.
- Other info: Engage with key stakeholders and influence the bank's strategic objectives.
- Why this job: Make a real impact on risk management while supporting sustainable outcomes for customers.
- Qualifications: Expertise in credit risk management and experience with SME lending required.
The predicted salary is between 80000 - 100000 € per year.
My client, a fast growing challenger bank, is looking for a Head of Credit & Model Risk Oversight to provide independent second line leadership, helping to shape a culture where risk is openly discussed, well understood and responsibly managed. This includes engaging effectively with key stakeholders, overseeing and maintaining the effectiveness of the risk management framework, and supporting the achievement of the bank's strategic objectives.
The role holder is responsible for providing oversight of Credit Risk and Model Risk Management, including in relation to PRA regulatory matters, and therefore exercises significant influence over the safe and sound operation of the Bank. In this role, you’ll provide oversight across secured lending products, including the Bank's SME and commercial lending portfolio, ensuring that credit and model risk frameworks remain robust, proportionate and fit for purpose as the Bank continues to grow.
You’ll work closely with colleagues across the business including Product, Lending, Finance and first line Risk teams offering thoughtful insight, constructive challenge and pragmatic support as new lending propositions are developed and existing products evolve. This includes supporting fair, sustainable outcomes for our customers across SME lending and secured lending portfolios, while balancing commercial ambition with sound risk management.
Qualifications, Skills and Experience- Deep subject matter expertise in credit risk management, with experience across SME lending and commercial secured lending (including real estate) within a retail banking (or equivalent) environment
- Strong understanding of IFRS 9 and Basel impacts on credit risk management and credit modelling for secured and SME portfolios
- Subject matter expertise in model risk management, gained in a retail banking (or equivalent) setting
- Experience of engaging with regulatory bodies and presenting complex risk matters to Board and Executive‑level committees
- Experience operating independently to ‘Head of’ level within a second line (or equivalent) role
- Demonstrable technical knowledge of credit risk frameworks, policies and monitoring approaches for secured and SME lending
- Experience developing, implementing and enhancing model risk management frameworks
- Experience building or scaling a Credit Risk or Model Risk function
- Knowledge of model development techniques and programming languages such as Python
Head of Credit Risk and Model Risk Oversight employer: JSS
As a fast-growing challenger bank, we pride ourselves on fostering a dynamic and inclusive work culture where risk management is at the forefront of our operations. Our employees benefit from a collaborative environment that encourages professional growth and development, with ample opportunities to engage with key stakeholders and influence strategic objectives. Located in a vibrant area, we offer competitive benefits and a commitment to supporting fair outcomes for our customers, making us an excellent employer for those seeking meaningful and rewarding careers in the banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Credit Risk and Model Risk Oversight
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and risk management sectors. Attend industry events or webinars where you can meet potential employers and discuss your expertise in credit and model risk oversight.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of IFRS 9 and Basel impacts. Be ready to discuss how you've successfully managed credit risk in previous roles, especially in SME lending and commercial secured lending.
✨Tip Number 3
Showcase your leadership skills! When speaking with potential employers, highlight your experience in shaping risk management cultures and how you've effectively engaged with stakeholders at all levels.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that match your skills in credit and model risk management. Plus, it’s a great way to get noticed by hiring managers who are looking for top talent like you.
We think you need these skills to ace Head of Credit Risk and Model Risk Oversight
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Head of Credit Risk and Model Risk Oversight. Highlight your experience in credit risk management, especially in SME and commercial secured lending, and don’t forget to mention any relevant regulatory experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about risk management and how your expertise aligns with the bank's strategic objectives. Be sure to mention your experience engaging with stakeholders and presenting to senior committees.
Showcase Your Technical Skills:Don’t shy away from showcasing your technical knowledge! If you’ve got experience with IFRS 9, Basel impacts, or programming languages like Python, make sure these are front and centre in your application. We want to see how you can contribute to our robust risk frameworks.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Let’s get your journey started!
How to prepare for a job interview at JSS
✨Know Your Risk Frameworks
Make sure you’re well-versed in credit risk management frameworks, especially those related to SME and commercial secured lending. Brush up on IFRS 9 and Basel regulations, as these will likely come up during your chat. Being able to discuss how these frameworks apply to the bank's strategic objectives will show you’re the right fit.
✨Engage with Stakeholders
Prepare to talk about your experience engaging with key stakeholders. Think of examples where you’ve effectively communicated complex risk matters to Board or Executive-level committees. This will demonstrate your ability to foster a culture of open discussion around risk, which is crucial for this role.
✨Showcase Your Technical Skills
Highlight your technical knowledge in model risk management and any programming languages you know, like Python. Be ready to discuss how you’ve developed or enhanced model risk management frameworks in previous roles. This will help illustrate your capability to oversee the bank’s risk management processes.
✨Balance Ambition with Risk Management
Think about how you can support fair and sustainable outcomes for customers while balancing commercial ambition. Prepare examples of how you’ve navigated this balance in past roles, particularly in relation to new lending propositions. This will show that you understand the importance of sound risk management in achieving business goals.
