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 significant impact on risk management in a rapidly evolving banking landscape.
- 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
- Essential
- 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
- Desirable
- 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 in London employer: JSS
As a fast-growing challenger bank, we pride ourselves on fostering a dynamic work environment where innovation and collaboration thrive. Our culture encourages open discussions about risk management, providing employees with the opportunity to influence key decisions that shape the bank's future. With a strong focus on professional development and a commitment to fair outcomes for our customers, we offer a rewarding career path for those looking to make a meaningful impact in the financial sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Credit Risk and Model Risk Oversight in London
✨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 interviews by brushing up on your knowledge of IFRS 9 and Basel regulations. Be ready to discuss how you've applied these in your previous roles, especially in relation to SME lending and secured products.
✨Tip Number 3
Showcase your leadership skills! When speaking with potential employers, highlight your experience in shaping risk cultures and engaging with stakeholders. They’ll want to see how you can influence their risk management framework.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities that match your skills in credit risk and model risk management. It’s a great way to get noticed and land that dream job!
We think you need these skills to ace Head of Credit Risk and Model Risk Oversight in London
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 your knowledge of IFRS 9 and Basel impacts!
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 our mission at the bank. Be sure to mention any experience you have engaging with regulatory bodies and presenting to senior committees.
Showcase Your Leadership Skills:As a Head of Credit Risk, we want to see your leadership style! Share examples of how you've shaped a culture of risk awareness and management in previous roles. This will help us understand how you can influence our team and stakeholders.
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 out on any important updates from us!
How to prepare for a job interview at JSS
✨Know Your Stuff
Make sure you brush up on your credit risk management knowledge, especially around SME and commercial secured lending. Be ready to discuss IFRS 9 and Basel impacts in detail, as these are crucial for the role.
✨Engage with Stakeholders
Prepare to talk about how you've effectively engaged with key stakeholders in the past. Think of examples where you’ve provided oversight or constructive challenge, and be ready to share how you foster open discussions about risk.
✨Showcase Your Leadership Skills
As a Head of Credit Risk, you'll need to demonstrate your ability to lead independently. Share experiences where you've operated at a senior level, particularly in second line roles, and how you've influenced risk management culture.
✨Be Ready for Technical Questions
Expect some technical questions about model risk management frameworks and programming languages like Python. Brush up on your technical knowledge and be prepared to discuss how you've developed or enhanced these frameworks in previous roles.
