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- Tasks: Manage credit risk portfolios and develop scorecards to optimise lending processes.
- Company: Dynamic finance company with a focus on innovation and collaboration.
- Benefits: Competitive salary, flexible hybrid working, and car scheme options.
- Why this job: Join a team that drives impactful change in credit risk management.
- Qualifications: Degree and 3+ years in credit risk, with scorecard development experience.
- Other info: Opportunity for career growth in a fast-paced environment.
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 nmohamed@merje.com
*No sponsorship provided*
Senior Credit Risk Analyst- Scorecards in Leicester employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Analyst- Scorecards in Leicester
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and credit risk sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your scorecard development knowledge. Be ready to discuss your previous experiences with model ownership and data analysis. Show them you can not only talk the talk but also walk the walk!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Bring examples of how you've improved processes or contributed to risk budgeting in past roles. This will help you stand out as someone who can add real value to their team.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive and engaged. Let’s get you that Senior Credit Risk Analyst role!
We think you need these skills to ace Senior Credit Risk Analyst- Scorecards in Leicester
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your scorecard development experience and any relevant motor finance background. We want to see how your skills align with the role, so don’t be shy about showcasing your achievements!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Senior Credit Risk Analyst position. Be sure to mention your analytical skills and experience with credit risk management.
Showcase Your Analytical Skills: Since this role requires strong analytical capabilities, include specific examples of how you've used data analysis in previous roles. We love seeing how you’ve tackled complex problems and improved processes!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
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 projects you've worked on, the methodologies you used, and how they impacted the overall credit risk strategy. This will show that you not only understand the technical side but also how it aligns with business objectives.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of how you've extracted and engineered data for model validation. You might even want to practice explaining complex data insights in a way that's easy for non-technical stakeholders to grasp. This will highlight your communication skills and ability to collaborate across teams.
✨Understand the Regulatory Landscape
Familiarise yourself with UK/FCA regulations and best practices in credit-risk management. Be prepared to discuss how you've ensured compliance in past roles and how you would approach regulatory reporting in this position. This shows you're not just technically skilled but also aware of the broader context.
✨Be Ready for Cross-Functional Collaboration
Think about times you've worked with different departments like Underwriting or Collections. Prepare examples that illustrate your ability to drive change and improve processes through collaboration. This will demonstrate your teamwork skills and your proactive approach to enhancing credit quality.
