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- Tasks: Support credit risk management and develop scorecards for the retail portfolio.
- Company: Dynamic finance company with a focus on innovation and collaboration.
- Benefits: Competitive salary, car scheme options, and flexible hybrid working.
- Why this job: Join a team that drives impactful decisions in credit risk management.
- Qualifications: Degree and 3+ years of credit-risk experience, preferably in automotive finance.
- Other info: Opportunity for career growth and to work with cutting-edge data analytics.
The predicted salary is between 42000 - 58000 £ per year.
£50K + car scheme options
Very flexible hybrid working
Motor finance experience strongly preferred
Scorecard development experience is essential
Main Responsibilities:
- To provide daily operational support in the management of the Retail portfolio
- Portfolio Health Monitoring - Track delinquency, arrears, write-offs and overall cost of risk; flag deteriorating segments promptly
- Risk Dashboards - Build and maintain dashboards and management information on key risk indicators, affordability and underwriting performance
- Policy & Process Optimization - Propose and implement changes to credit policy, underwriting rules and the decision engine to balance approval rates with expected loss
- Risk Budgeting & Provisioning - Contribute to risk budgets, forecasts and the calculation/validation of specific and general provisions
- Regulatory & Investor Reporting - Prepare FCA affordability reports, monthly management packs and historical securitization data for investors
- Cross-Functional Collaboration - Work with Underwriting, Collections, Finance and other stakeholders to drive remedial actions on high-risk accounts and improve end-to-end credit quality
- Present in the bi-monthly Credit Committee to Senior Management Team on any related Credit topics
- Recommending changes to Credit Policy to hit Underwriting SLA, maximise Accept Rates whilst maintaining Cost of Risk
- Responsibility for Monthly Management Reporting for Europe HQ
- Regular reviews with external suppliers such as Experian to assess performance of the underwriting scorecards
- End to end model ownership: from data extraction and feature engineering to validation and deployment
- Conduct model monitoring and performance analysis: regularly assess back testing results and recalibrate when needed
- Deliver predictability and control of bad debt performance to a planned level of loss
- Analyse performance of underwriters and collections agent with follow up coaching when required
- Create on the job training plans to help assist the credit and collections team reach full potential
- Assist with the drafting and development of internal Credit and Collections procedures
The ideal candidate will have:
- Previous scorecard writing experience
- Degree and 3+ years' credit-risk experience, ideally in automotive or consumer finance.
- Extract, engineer and analyse data to develop and validate scorecard models and pinpoint areas of strength or weakness
- Responsibility that all models adhere to internal standards and regulatory expectations through documentation and monitoring
- Excellent oral and written communication skills are essential together with proven complex analytical and decision-making skills
- Strong analytical and documentation skills, in particular data analysis as well as attention to detail
- Ability to communicate and negotiate change
- Willingness to work towards achieving goals in a changing and challenging environment
- Driven to take the initiative to improve systems, processes and the delivery of management information
- A strong understanding of business strategy and how to align scorecard metrics with organizational objectives
- The ability to explain complex data and model outputs clearly to both technical and non-technical stakeholders
- Solid understanding of lending products and credit risk lifecycle
- Advanced analytical skills and capability to operate with reporting tools (Excel, SAS, Access...)
- Familiarity with UK/FCA regulations and best practices in credit-risk management.
Send your CV to nmohamedmerje
*No sponsorship provided*
Applicants must be located and eligible to work in the UK without sponsorship.
Please note, should feedback not be received within 28 days, unfortunately your application has been unsuccessful.
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If you would like this job advertisement in an alternative format, please contact MERJE directly.
Credit Risk Analyst- Scorecards in Langley employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Analyst- Scorecards in Langley
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work in credit risk or motor finance. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Show off your scorecard skills! If you've got experience in scorecard development, make sure to highlight it in conversations. Bring examples of your work to interviews to demonstrate your expertise and how you can add value.
✨Tip Number 3
Prepare for those tricky questions! Brush up on your knowledge of FCA regulations and credit risk management best practices. Being able to discuss these topics confidently will set you apart from other candidates.
✨Tip Number 4
Apply through our website! We love seeing applications directly from our site. It shows you're keen and helps us keep track of your application better. Plus, you might just find some hidden gems in our job listings!
We think you need these skills to ace Credit Risk Analyst- Scorecards in Langley
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Risk Analyst role. Highlight your scorecard development experience and any relevant motor finance background. We want to see how your skills match what we're looking for!
Showcase Your Analytical Skills: In your application, emphasise your analytical abilities and experience with data extraction and validation. We love candidates who can demonstrate their knack for turning complex data into actionable insights.
Communicate Clearly: Since excellent communication skills are essential, ensure your written application is clear and concise. Use straightforward language to explain your experiences and how they relate to the role. We appreciate clarity!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and keep track of it. Plus, it shows you're serious about joining our team at StudySmarter.
How to prepare for a job interview at MERJE
✨Know Your Scorecards
Make sure you brush up on your scorecard development experience. Be ready to discuss specific models you've worked on, the data extraction process, and how you validated those models. This will show that you not only understand the theory but also have practical experience.
✨Understand the Portfolio
Familiarise yourself with the key metrics mentioned in the job description, like delinquency rates and write-offs. Prepare to discuss how you've monitored portfolio health in the past and any strategies you've implemented to improve it. This will demonstrate your analytical skills and attention to detail.
✨Communicate Clearly
Since excellent communication skills are essential for this role, practice explaining complex data and model outputs in simple terms. Think about how you would present your findings to both technical and non-technical stakeholders, as this will be crucial in cross-functional collaboration.
✨Show Initiative
Be prepared to share examples of how you've taken the initiative to improve systems or processes in previous roles. Highlight any changes you've proposed and the impact they had on credit policy or underwriting rules. This will showcase your proactive approach and alignment with the company's goals.
