At a Glance
- Tasks: Support credit risk oversight and develop quantitative models for effective analysis.
- Company: Join Mobilize Financial Services, part of the Renault Group, focused on customer-centric solutions.
- Benefits: Enjoy 27 days leave, performance bonuses, flexible benefits, and wellbeing support.
- Other info: Collaborative culture with opportunities for personal and professional growth.
- Why this job: Make a real impact in a dynamic environment while building your career.
- Qualifications: Intermediate skills in Excel and programming languages; strong analytical mindset.
The predicted salary is between 28000 - 35000 £ per year.
At Mobilize Financial Services, part of the Renault Group, we are a financial services provider focused on delivering customer-centric solutions that support our customers throughout their journey. We offer a dynamic and collaborative environment where you can build a meaningful career. Driven by integrity, innovation, and teamwork, we are committed to delivering high-quality customer experiences while supporting the growth and development of our people. With opportunities across IT, finance, marketing & digital innovation and customer experience, this is your chance to be part of a global business where your development truly matters.
About the Role
We are looking for a Risk Graduate to own and support the credit underwriting quantitative manager with second line oversight activities across all Credit Risk positions, underwriting issues, and oversight responsibility in accordance with the risk appetite statement. You will build collaborative relationships with the 1st line of Defence Credit / Underwriting team, maintain and update the Bank’s Risk policies and the department’s risk procedures, provide in-depth analysis, market trends and horizon outlook, while keeping stakeholders informed on all critical developments. You will also build Quantitative models for effective challenge of 1st line of defence outputs, stay abreast of model changes, model development, implementation and validation across the Credit portfolio.
Key Responsibilities
- Monitor and report on all Large Exposure Daily positions – including daily monitoring.
- Second line of defence review of MFS underwriting credit portfolio, in line with the bank’s credit risk policies & the Department’s Risk procedures.
- Primary Dealer and Underwriting counterparty assessments.
- Credit model review and procedure review on aspects such as ECL, PD, LGDs, EADs.
- Scorecard Oversight & Quantitative Development.
- Ownership of Loan Origination Policy.
- Thematic reviews on underwriting process and controls.
- Drive governance around model changes or updates, and ensure approval at relevant Risk committees.
- Develop executive reporting and review reports.
- Monitor and report on counterparty exposures.
- Oversight and some preparation of regulatory reports.
- Development, collation, preparation, and presentation of Management Information for Excomm, CRC, ERC, BRC.
- Ad hoc support to the Head of FRR and CRO.
- Support the development of Risk appetite statement.
- Support the development of the Recovery plan.
- Support the Risk Management Framework development.
- Own & Support the Macro Economic/Micro Economic Outlook.
About You
- Entrepreneurial attitude, you think on a macro scale while managing micro-processes.
- Intermediate capability in Excel and other tools/systems (R, Python, C++, Java).
- Key culture behaviours across Risk embedding mindset, self-starter and proactive across key day to day initiatives.
- Highly literate and numerate able to convey messages in a succinct way.
- Understanding of Risk Frameworks / Governance and Risk Policy.
- Attention to detail and accuracy.
- Experience of Risk Analytics and Modelling.
- Strong eye for detail and high personal standards.
- Set & maintain high operational standards to satisfy management expectations.
- Absolute discretion; the incumbent will have access to very sensitive bank data.
- Demonstrable passion for continued professional and personal development.
- Ability to build strong relationships internally with other departments, and influence others in a collaborative and positive manner.
What we offer
- 27 days annual leave + bank holidays.
- Performance-based bonus.
- Loan Plan Scheme – up to 2 vehicles at any one time.
- Flexible benefits including retail vouchers, private dental, and health screening.
- Cycle to Work & Gym Flex schemes.
- Preferential staff savings account.
- Wellbeing support through OneHealth Employee Assistance Programme (EAP) offers confidential support for personal or work-related issues.
Risk Graduate - Second Line of Defence Credit Risk Oversight employer: Mobilize Financial Services
At Mobilize Financial Services, we pride ourselves on being an excellent employer that fosters a dynamic and collaborative work culture, where your career development is a priority. With a strong commitment to integrity and innovation, we offer a range of benefits including 27 days of annual leave, performance-based bonuses, and flexible benefits tailored to support your wellbeing. Join us in our London office, where you will have the opportunity to engage with diverse teams and contribute to meaningful projects within a global financial services provider.
Contact Details:
Mobilize Financial Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Graduate - Second Line of Defence Credit Risk Oversight
✨Tip Number 1
Network like a pro! Reach out to current employees at Mobilize Financial Services on LinkedIn. Ask them about their experiences and any tips they might have for landing the Risk Graduate role. Building connections can give us insights that you won't find in the job description.
✨Tip Number 2
Prepare for the interview by brushing up on your knowledge of credit risk frameworks and quantitative analysis. We recommend practising common interview questions related to these topics. The more confident you are, the better you'll perform!
✨Tip Number 3
Showcase your skills! If you have experience with Excel, R, or Python, be ready to discuss specific projects where you used these tools. We want to see how you can apply your technical skills to real-world problems in credit risk oversight.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows your genuine interest in being part of the Mobilize Financial Services team. Let’s get you that interview!
We think you need these skills to ace Risk Graduate - Second Line of Defence Credit Risk Oversight
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Risk Graduate role. Highlight any relevant coursework, projects, or internships that showcase your understanding of credit risk and quantitative analysis.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a great fit. Don’t forget to mention your entrepreneurial attitude and ability to build relationships.
Showcase Your Technical Skills:Since the role requires intermediate capability in tools like Excel, R, or Python, make sure to include any relevant technical skills in your application. If you've worked on any projects using these tools, be sure to mention them!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of success. It’s the easiest way for us to see your application and get you into the process. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at Mobilize Financial Services
✨Know Your Risk Frameworks
Make sure you brush up on your understanding of risk frameworks and governance. Familiarise yourself with the specific policies and procedures that Mobilize Financial Services follows, as this will show your genuine interest in the role and the company.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with risk analytics and modelling. Be ready to provide examples of how you've used tools like Excel, R, or Python in previous projects. This will demonstrate your technical capabilities and your ability to contribute to the team.
✨Build Collaborative Relationships
Think about how you can illustrate your ability to build strong relationships with other departments. Prepare examples of past experiences where you successfully collaborated with others, as this aligns with the teamwork culture at Mobilize Financial Services.
✨Demonstrate Attention to Detail
Since the role requires a strong eye for detail, be prepared to discuss how you ensure accuracy in your work. You might want to share specific instances where your attention to detail made a significant impact on a project or outcome.
