Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Lead the Credit Risk function to ensure financial stability and effective risk management.
- Company: Join a leading bank focused on innovation and customer fairness.
- Benefits: Attractive salary, career development opportunities, and a supportive work environment.
- Other info: Dynamic role with opportunities for transformation and regulatory engagement.
- Why this job: Make a significant impact on the bank's credit strategy and risk management.
- Qualifications: 10 years in UK financial services with expertise in credit risk and lending.
The predicted salary is between 80000 - 100000 £ per year.
Reporting to the Chief Risk Officer, the role holder will be responsible for ensuring the Credit Risk function meets its objectives of risk control, impairment management, revenue generation through a credit lifecycle and business enablement, while developing and implementing strategies to safeguard the bank's financial stability.
Responsibilities
- Oversee the identification, assessment and mitigation of credit risks across the bank’s portfolio including personal loans, overdrafts and forward flow funding.
- Ensure credit policies and procedures are robust, align with regulatory requirements and support the organisation’s strategic objectives, including PD, LGD, EAD and expected loss models.
- Provide oversight and challenge of credit underwriting standards, portfolio balance, and impairment frameworks and models.
- Independently report on the quality of the credit portfolio, optimise risk reward balance and foster a culture of prudent risk management.
- Make contributions to the credit risk appetite process for the Bank.
- Develop the stress testing requirements under the ICAAP.
- Provide credit expertise input into the SWDP and RRP.
- Ensure optimal compliance with PRA/FCA regulations and support regulatory interactions.
- Ensure implementation and compliance of the consumer data protection principles in relation to credit processes.
- Drive transformation initiatives across credit policies, systems and workflows.
- Lead the credit risk components of New Product Approvals and Annual Reviews.
Individual Conduct Rules
- You must act with integrity.
- You must act with due skill, care and diligence.
- You must be open and cooperative with the FCA, the PRA and other regulators.
- You must pay due regard to the interests of customers and treat them fairly.
- You must observe proper standards of market conduct.
Qualifications
- 10 years experience within UK financial services.
- A degree in business administration in either Finance, Business, Economics or Mathematics/Statistics.
- In-depth understanding of credit risk and requirements for both secured and unsecured lending.
- IFRS9 proficiency and application.
- Exposure to other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) is an added advantage.
- Previous experience in dealing with unsecured personal loans, overdrafts and forward flow financing.
Head of Credit Risk employer: Kroo Bank
Contact Detail:
Kroo Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who have experience in credit risk. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of credit risk management. Be ready to discuss how you've tackled challenges in previous roles and how you can contribute to safeguarding the bank's financial stability.
✨Tip Number 3
Showcase your expertise! Create a portfolio that highlights your achievements in credit risk, including any successful strategies you've implemented. This will help you stand out during interviews.
✨Tip Number 4
Don't forget to apply through our website! We regularly update our job listings, and applying directly can give you an edge. Plus, it shows you're genuinely interested in joining our team.
We think you need these skills to ace Head of Credit Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Head of Credit Risk role. Highlight your experience in credit risk management, especially with personal loans and overdrafts. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've managed credit risks and contributed to financial stability in previous positions.
Showcase Your Qualifications: Don’t forget to mention your qualifications! If you’ve got a degree in Finance, Business, or something similar, let us know. Also, highlight any relevant certifications or training in IFRS9 or other risk management areas.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Kroo Bank
✨Know Your Credit Risk Stuff
Make sure you brush up on your knowledge of credit risk management, especially around personal loans and overdrafts. Be ready to discuss how you've previously identified and mitigated risks in your past roles. This will show that you’re not just familiar with the theory but have practical experience too.
✨Understand Regulatory Requirements
Familiarise yourself with the PRA and FCA regulations relevant to credit risk. Be prepared to talk about how you’ve ensured compliance in previous positions and how you would approach regulatory interactions in this role. This shows you’re proactive and understand the importance of regulation in financial services.
✨Showcase Your Analytical Skills
Since the role involves optimising risk-reward balance and developing stress testing requirements, be ready to discuss your analytical skills. Bring examples of how you’ve used data to inform decision-making and improve credit policies. This will demonstrate your ability to drive transformation initiatives effectively.
✨Emphasise Leadership and Collaboration
As a Head of Credit Risk, you’ll need to lead teams and collaborate across departments. Share experiences where you’ve successfully led projects or initiatives, particularly those that required cross-functional teamwork. Highlighting your leadership style and ability to foster a culture of prudent risk management will resonate well with the interviewers.