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- Tasks: Lead credit risk management and develop policies for the business.
- Company: Join a dynamic team focused on innovative risk solutions.
- Benefits: Enjoy competitive salary, professional growth opportunities, and a collaborative work environment.
- Why this job: Make a real impact by shaping credit risk strategies and influencing executive decisions.
- Qualifications: Proven experience in credit risk management and strong analytical skills required.
- Other info: Ideal for those looking to advance their career in a leadership role.
The predicted salary is between 72000 - 108000 £ per year.
As a Head of Credit Risk, you will be responsible for the second line management of credit risk for the business. You will have 3 direct reports and own and lead the development of credit risk policies and related standards as well as provide oversight and assurance to the Executive and Board that credit risk is being managed within risk appetite.
You will also develop and provide data and reporting to support insight across the Risk Function and be the expert on scorecard modelling and automation.
As a Head of Credit Risk, we are looking for someone to:
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Oversee, challenge and assure the first line credit risk management and reporting for credit risk across all products
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Own and develop credit risk policies and related standards for all group lending products, ensuring appropriate governance of changes and evidence of key controls
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Produce credit risk profiles for Exec and Board risk committees, working with first line to ensure all material credit risks have been identified and mitigation actions have been defined and progressed
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Use your knowledge of the industry and the macroeconomic environment to identify emerging credit risks for the business and develop forecasting models.
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Set, via the Board, credit risk appetites; identifying and managing portfolio level credit risks, key exposures and concentration risks.
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Strong understanding of risk management principles across the credit lifecycle, credit analysis and policies
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Experience of implementing, scoring and advanced data and analytical techniques throughout the customer journey
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Experience of implementing scoring and advanced data and analytical techniques throughout the customer journey
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Experience of secured lending, particularly specialist mortgage lending
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Experience of managing and developing high performance teams
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Confidential and influential communicator to Board Level
Head of Credit Risk employer: MERJE Ltd
Contact Detail:
MERJE Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk
✨Tip Number 1
Make sure to showcase your experience in credit risk management during networking events or industry conferences. Engaging with professionals in the field can help you gain insights and potentially lead to referrals for the Head of Credit Risk position.
✨Tip Number 2
Stay updated on the latest trends and regulations in credit risk management. Being knowledgeable about current macroeconomic factors and their impact on credit risk will demonstrate your expertise and readiness for the role.
✨Tip Number 3
Consider reaching out to current or former employees of StudySmarter on LinkedIn. They can provide valuable insights into the company culture and expectations for the Head of Credit Risk role, which can help you tailor your approach.
✨Tip Number 4
Prepare to discuss specific examples of how you've developed credit risk policies and managed teams in previous roles. Highlighting your leadership skills and ability to influence at the Board level will be crucial in making a strong impression.
We think you need these skills to ace Head of Credit Risk
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities and requirements of the Head of Credit Risk position. Highlight your relevant experience in credit risk management, policy development, and team leadership in your application.
Tailor Your CV: Customize your CV to reflect your expertise in credit risk policies, scorecard modeling, and data analytics. Use specific examples from your past roles that demonstrate your ability to manage credit risk effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the macroeconomic environment and how it impacts credit risk. Discuss your experience with secured lending and your approach to developing high-performance teams.
Highlight Communication Skills: Emphasize your ability to communicate confidentially and influence at the Board level. Provide examples of how you have successfully presented credit risk profiles and mitigation strategies to senior stakeholders.
How to prepare for a job interview at MERJE Ltd
✨Showcase Your Leadership Skills
As a Head of Credit Risk, you'll be managing a team. Be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past. Highlight your experience in developing high-performance teams and how you foster collaboration.
✨Demonstrate Your Expertise in Credit Risk Management
Make sure to articulate your understanding of credit risk principles and how they apply across the credit lifecycle. Be ready to discuss specific policies you've developed or implemented and how they have positively impacted risk management within an organization.
✨Prepare for Technical Questions
Expect questions related to scorecard modeling and advanced data techniques. Brush up on your knowledge of these areas and be prepared to discuss how you've used data analytics to identify and mitigate credit risks in previous roles.
✨Communicate Effectively with Stakeholders
Since you'll be reporting to the Executive and Board, practice articulating complex credit risk concepts in a clear and concise manner. Prepare to discuss how you've effectively communicated risk profiles and mitigation strategies to senior stakeholders in the past.
