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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 the automotive finance sector.
- Qualifications: Degree and 3+ years in credit risk, with scorecard development experience.
- Other info: Opportunity for career growth in a fast-paced, supportive 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 employer: MERJE
Contact Detail:
MERJE Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Risk Analyst- Scorecards
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage, the better your chances of landing that Senior Credit Risk Analyst role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your scorecard development experience and motor finance knowledge. Share specific examples of how you've tackled challenges in previous roles to really impress them!
✨Ask Smart Questions
During interviews, don’t just wait for them to ask you questions. Prepare some insightful ones about their credit policies or risk management strategies. This shows you're genuinely interested and have done your homework!
✨Apply Through Our Website
Don’t forget to check out our website for job openings! Applying directly through us can give you an edge, as we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Senior Credit Risk Analyst- Scorecards
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior 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 model validation. We love candidates who can demonstrate their knack for turning complex data into actionable insights.
Be Clear and Concise: When writing your cover letter or any additional documents, keep it clear and to the point. We appreciate straightforward communication, especially when it comes to explaining your past experiences and achievements.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
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 risk management. This will show that you not only understand the theory but also have practical experience.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of how you've extracted and engineered data for scorecard models. Highlight any tools you've used, like Excel or SAS, and be ready to explain complex data in simple terms for both technical and non-technical audiences.
✨Understand the Regulatory Landscape
Familiarise yourself with UK/FCA regulations related to 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 a numbers person but also understand the bigger picture.
✨Collaboration is Key
Since cross-functional collaboration is crucial for this role, think of examples where you've worked with different teams, like Underwriting or Collections. Be ready to discuss how you drove change and improved processes, as this will highlight your ability to work well with others and achieve common goals.
