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- Tasks: Lead the Credit Risk function to ensure financial stability and effective risk management.
- Company: Join a leading bank focused on innovation and customer-centric solutions.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Dynamic role with a focus on transformation and compliance in a collaborative environment.
- Why this job: Make a significant impact on the bank's credit strategy and risk management.
- Qualifications: 10 years in UK financial services with a degree in Finance or related fields.
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.
Key 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 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:
- Rule 1: You must act with integrity.
- Rule 2: You must act with due skill, care and diligence.
- Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators.
- Rule 4: You must pay due regard to the interests of customers and treat them fairly.
- Rule 5: You must observe proper standards of market conduct.
Requirements:
- 10 years experience within UK financial services.
- A degree in business administration in either Finance, Business, Economics, Mathematics/Statistics.
- In-depth understanding of the credit risk and requirements for both secured and unsecured lending.
- IFRS9 proficient and application.
- Exposure to the other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) will be an added advantage.
- Previous experience in dealing with the following products: unsecured personal loans, overdrafts and forward flow financing.
Head of Credit Risk in London employer: Kroo Ltd
Contact Detail:
Kroo Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk in London
✨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 models and regulations. We recommend practising common interview questions related to credit policies and risk management to show you’re the right fit for the role.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and expertise. Use our website to find roles that match your skills in credit risk and make sure to tailor your approach to each application.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the position. Plus, it’s a great chance to reiterate why you’d be perfect for the Head of Credit Risk role.
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 should tell us why you're the perfect fit for this position. Share specific examples of your achievements in credit risk and how you can contribute to our objectives. Keep it engaging and professional!
Showcase Your Skills: Don’t forget to highlight your skills related to IFRS9, credit policies, and regulatory compliance. We’re looking for someone who can navigate the complexities of credit risk, so make sure we see that in your application!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at Kroo Ltd
✨Know Your Credit Risk Stuff
Make sure you brush up on your knowledge of credit risk management, especially around secured and unsecured lending. Be ready to discuss specific models like PD, LGD, and EAD, as well as how they apply to the bank's portfolio.
✨Showcase Your Regulatory Know-How
Familiarise yourself with PRA/FCA regulations and be prepared to discuss how you've ensured compliance in previous roles. Highlight any experience you have with consumer data protection principles related to credit processes.
✨Demonstrate Strategic Thinking
Think about how you can contribute to the bank's strategic objectives. Prepare examples of how you've developed and implemented strategies that not only manage risk but also enable business growth and revenue generation.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your ability to identify, assess, and mitigate credit risks. Practice articulating your thought process and decision-making skills in these situations to show your expertise.