At a Glance
- Tasks: Lead the Credit Risk function to ensure financial stability and effective risk management.
- Company: A leading bank focused on innovation and customer-centric solutions.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Join a dynamic team committed to excellence and regulatory compliance.
- 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 in London employer: Kroo Bank
Kroo Bank is an exceptional employer that fosters a dynamic and innovative work culture in the heart of Greater London. With a strong focus on employee well-being, we offer generous holiday allowances, mental health support, and a modern office environment that encourages collaboration and creativity. Join us to be part of a forward-thinking fintech team where your insights will directly influence product strategy and customer experiences, while also benefiting from ample opportunities for professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Credit Risk in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and the role inside out. We recommend practising common interview questions and even doing mock interviews with friends. Show them you’re not just a fit for the role, but that you’re passionate about contributing to their credit risk strategies!
✨Follow Up
After your interview, don’t forget to send a thank-you email! It’s a simple gesture that shows your appreciation and keeps you fresh in their minds. We believe this can make a big difference in how they perceive you as a candidate.
✨Apply Through Our Website
When you find a role that excites you, apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who are proactive and eager to join our team!
We think you need these skills to ace Head of Credit Risk in London
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 and any relevant qualifications. We want to see how your background aligns 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 Skills:Don’t forget to showcase your skills in IFRS9 and other areas of risk management. We’re looking for someone who can hit the ground running, so make sure we know what you bring to the table!
Apply Through Our Website:We encourage you to apply through our website for a smoother application 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 would identify and mitigate risks in these areas, as well as your understanding of PD, LGD, and EAD models.
✨Showcase Your Regulatory Know-How
Familiarise yourself with PRA and FCA regulations, as well as consumer data protection principles. Be prepared to explain how you would ensure compliance in credit processes and how this aligns with the bank's strategic objectives.
✨Demonstrate Leadership Skills
As a Head of Credit Risk, you'll need to lead transformation initiatives. Think of examples from your past where you've successfully driven change in credit policies or systems, and be ready to share these during the interview.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that test your problem-solving skills. Prepare to discuss how you would handle specific credit risk situations, such as optimising the risk-reward balance or developing stress testing requirements under ICAAP.
