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- Tasks: Lead credit risk management and oversight for SME/Commercial lending.
- Company: Join a dynamic bank focused on innovative credit solutions.
- Benefits: Earn up to £120K with great benefits and flexible work options.
- Why this job: Shape the future of credit risk while collaborating with top executives.
- Qualifications: Must have strong financial services background and UK credit industry experience.
- Other info: Position based in Manchester, 3 days a week.
The predicted salary is between 72000 - 84000 £ per year.
Head of Credit Risk Oversight- SME/Commercial
3 days a week in Manchester
Up to £120K + great benefits
*Must have commercial experience and right to work in the UK without sponsorship*
You will lead the design, continuous development, and independent oversight of the management of credit risk. This includes ongoing assessment of the quality of lending standards and portfolio management in adherence to risk appetite, lending policy and regulatory expectations.
You will create and manage an appropriate and effective credit risk management and control framework to ensure all material credit risks can be properly identified, evaluated, managed, and mitigated.
Responsibilities:
- Owning the overall Credit Risk Appetite process, working with the front-line credit team to ensure the formulation of risk appetite in line with business and risk strategic objectives.
- Formulate and lead the development of the bank’s Credit Risk Management Framework setting out governance principles and protocols to be clearly documented within Lending Policies.
- Deliver an effective credit oversight methodology, plan and capability covering all aspects of credit risk management across the bank.
- Review large, complex, or high-risk transactions and Lending Policy exceptions, ensuring credit risk is appropriately managed and evaluated.
- Oversee the Retail Asset Finance portfolio including development of arrears and the performance of models and scorecards
- Review credit risk management information and analysis provided by the front-line credit team, collating key information and data, and preparing summary reports and commentary for upward reporting to Executive and Board Risk Committees.
- Chair the Oversight Credit Committee – a sub-committee of the Executive Risk Committee responsible for the ongoing monitoring of credit risks across the bank.
- Member of the Transaction Credit Committee – a sub-committee of ERC with the highest credit mandate in the bank, reviewing and approving the largest and/or most complex transactions.
- Review and challenge of credit risk modelling inputs and outputs, including IFRS9 provisioning policy and its implementation.
- Coaching and training of first line staff in credit and commercial teams
- Actively build and seek effective relationships with key external regulatory / trade bodies / specialists to provide forward looking insight into potential changes to credit policy, risk appetite and credit management practices.
Requirements:
- Strong financial services background
- In-depth knowledge of the UK SME / Commercial credit industry and experience of credit risk management within banking / financial sector
- Demonstrable knowledge of FCA and PRA regulation and principles for credit risk coupled with an internal control’s mindset
- The ability to present to Executive and Board level committees
- The ability to build effective relationships with both internal and external stakeholders
- Proven ability to negotiate and influence at a senior level
- Self-motivated with ability to deliver on business-critical projects.
Send your CV to
Head of Credit Risk Oversight- SME/ Commercial employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk Oversight- SME/ Commercial
✨Tip Number 1
Make sure to highlight your experience in credit risk management, especially within the UK SME and commercial sectors. This will show that you understand the specific challenges and regulations of the industry.
✨Tip Number 2
Demonstrate your ability to build relationships with both internal and external stakeholders. Share examples of how you've successfully collaborated with regulatory bodies or trade organizations in the past.
✨Tip Number 3
Prepare to discuss your experience with credit risk oversight methodologies and frameworks. Be ready to explain how you've implemented effective controls and governance principles in previous roles.
✨Tip Number 4
Showcase your leadership skills by providing examples of how you've coached and trained teams in credit risk management. Highlight any successful projects where your guidance led to improved outcomes.
We think you need these skills to ace Head of Credit Risk Oversight- SME/ Commercial
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in credit risk management, particularly within the UK SME and commercial sectors. Emphasize your leadership roles and any specific achievements that align with the responsibilities outlined in the job description.
Craft a Compelling Cover Letter: Write a cover letter that clearly articulates your understanding of credit risk oversight and your approach to managing it. Mention your experience with FCA and PRA regulations, and how you have successfully built relationships with stakeholders in previous roles.
Showcase Your Leadership Skills: In your application, provide examples of how you have led teams or projects in the past. Highlight your ability to coach and train staff, as well as your experience chairing committees or presenting to executive levels.
Demonstrate Industry Knowledge: Include specific references to your knowledge of the UK SME/commercial credit industry and any relevant regulatory frameworks. This will show that you are not only qualified but also deeply understand the landscape in which the company operates.
How to prepare for a job interview at MERJE
✨Showcase Your Commercial Experience
Make sure to highlight your relevant commercial experience during the interview. Discuss specific examples where you've successfully managed credit risk in a commercial setting, as this is crucial for the role.
✨Understand Regulatory Frameworks
Demonstrate your in-depth knowledge of FCA and PRA regulations. Be prepared to discuss how these regulations impact credit risk management and how you've applied them in previous roles.
✨Prepare for Executive-Level Presentations
Since you'll be presenting to Executive and Board level committees, practice articulating complex credit risk concepts clearly and concisely. Use data and examples to support your points.
✨Build Relationships with Stakeholders
Emphasize your ability to build effective relationships with both internal and external stakeholders. Share examples of how you've successfully collaborated with teams or influenced decision-making at a senior level.
