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: Deep expertise in credit risk management and experience in retail banking.
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 Slough 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 and contribute to the bank's strategic objectives. 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 Slough
✨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 successfully managed credit risk in previous roles, especially in SME and commercial lending contexts.
✨Tip Number 3
Showcase your thought leadership! Consider writing articles or sharing insights on platforms like LinkedIn about trends in credit risk management. This not only highlights your expertise but also gets you noticed by hiring managers.
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals who can help shape a culture of risk management. Your next big opportunity could be just a click away!
We think you need these skills to ace Head of Credit Risk and Model Risk Oversight in Slough
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 our mission at the bank. Be sure to mention your understanding of IFRS 9 and Basel impacts.
Showcase Your Stakeholder Engagement Skills:In your application, emphasise your ability to engage with key stakeholders. We want to see examples of how you've effectively communicated complex risk matters to Board and Executive-level committees in the past.
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 ensure it gets the attention it deserves. Plus, it shows you’re keen on joining our team!
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 various stakeholders, including regulatory bodies and executive committees. Think of specific examples where you’ve successfully communicated complex risk matters. This will demonstrate your ability to foster a culture of open discussion around risk management.
✨Showcase Your Technical Skills
If you have experience with model development techniques or programming languages like Python, be ready to highlight this. Discuss how you’ve used these skills to enhance model risk management frameworks in previous roles. This will set you apart as a candidate who can bring valuable technical expertise to the table.
✨Balance Ambition with Risk Management
Be prepared to discuss how you can support fair and sustainable outcomes for customers while balancing commercial ambition with sound risk management. Share examples from your past where you’ve successfully navigated this balance, as it’s crucial for the role.
