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- Tasks: Lead tech solutions for credit risk management and oversee data integrity.
- Company: Join a dynamic Risk IT division focused on financial market risks.
- Benefits: Enjoy competitive salary, remote work options, and professional development opportunities.
- Why this job: Be at the forefront of innovation in credit risk technology and make a real impact.
- Qualifications: Bachelor's degree in relevant fields; 10+ years in credit risk IT preferred.
- Other info: Ideal for strategic thinkers who thrive in fast-paced environments.
The predicted salary is between 43200 - 72000 £ per year.
The Risk IT division manages and mitigates risks within financial markets, focusing on Market Risk, Credit Risk, and Market Data. Market Risk involves assessing and managing risks due to adverse price movements. Credit Risk focuses on evaluating and mitigating risks from borrower defaults. Market Data ensures the accuracy and timeliness of data for risk analysis and decision-making.
The Head of Credit Risk IT leads the development, implementation, and management of technology solutions for credit risk management. This role oversees credit risk models, ensures data integrity, and provides strategic direction to enhance credit risk processes. Collaboration with cross-functional teams, compliance with regulations, and driving innovation are key aspects of this role.
Key Responsibilities:
- Strategic Leadership: Develop and execute the Credit Risk IT technology strategy. Provide visionary leadership and foster a culture of innovation.
- Technology Development and Implementation: Oversee the design and implementation of credit risk models and systems. Integrate advanced analytics and machine learning techniques.
- Data Management and Integrity: Ensure the accuracy and reliability of credit risk data. Maintain and enhance credit risk databases.
- Risk Assessment and Reporting: Develop comprehensive credit risk reporting frameworks. Provide timely and accurate risk reports.
- Compliance and Regulatory Adherence: Ensure compliance with regulatory requirements. Adapt to regulatory changes.
- Team Management and Development: Lead and develop a high-performing Credit Risk IT team. Manage resource allocation and project prioritization.
- Stakeholder Collaboration: Collaborate with Risk Management, Finance, and Operations. Act as a liaison between IT and business stakeholders.
- Budget and Resource Management: Manage the Credit Risk IT budget. Oversee vendor relationships and contracts.
- Continuous Improvement: Drive continuous improvement initiatives. Monitor industry trends and best practices.
Required Skills, Knowledge, Experience and Values:
- Education: Bachelor degree in Computer Science, IT, Finance, Risk Management, or related field. Master degree or MBA is highly desirable.
- Certifications: CFA, FRM, PRM, PMP, ITIL certifications are advantageous.
- Industry Experience: Minimum of 10 years in credit risk management with a focus on IT solutions. Proven senior leadership experience in financial services.
- Technical Expertise: Experience in developing and implementing credit risk models – preferably using FIS Adaptiv or Murex. Proficiency in advanced analytics and data management technologies – preferably using Java.
- Leadership and Management: Ability to lead and manage high-performing teams. Experience in strategic planning and execution.
- Project Management: Experience in managing large-scale IT projects. Strong project management skills.
- Communication and Collaboration: Excellent communication skills. Proven ability to collaborate across departments.
- Innovation and Continuous Improvement: Track record of driving innovation. Ability to stay current with industry trends.
- Adaptability: Flexibility in a rapidly changing environment. Openness to new ideas and approaches.
- Decision-Making: Informed and timely decision-making skills. Sound judgment in high-pressure situations.
- Integrity: Upholds high standards of integrity and ethical behavior. Ensures regulatory compliance.
Head of Credit Risk IT employer: Morgan McKinley
Contact Detail:
Morgan McKinley Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Credit Risk IT
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk management technology. Understanding tools like FIS Adaptiv or Murex can give you an edge, as these are specifically mentioned in the job description.
✨Tip Number 2
Network with professionals in the financial services sector, especially those involved in risk management. Engaging with industry peers can provide insights and potentially lead to referrals.
✨Tip Number 3
Showcase your leadership experience by discussing specific projects where you led teams to success. Highlighting your ability to manage high-performing teams will resonate well with the hiring managers.
✨Tip Number 4
Prepare to discuss how you've driven innovation in previous roles. Be ready to share examples of how you've implemented new technologies or processes that improved efficiency in credit risk management.
We think you need these skills to ace Head of Credit Risk IT
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk management and IT solutions. Emphasise any leadership roles you've held and specific projects that demonstrate your ability to develop and implement technology strategies.
Craft a Compelling Cover Letter: In your cover letter, express your passion for credit risk management and technology. Discuss how your background aligns with the key responsibilities of the role, particularly your experience with advanced analytics and team management.
Showcase Relevant Skills: Clearly outline your technical expertise, especially in developing credit risk models and using data management technologies. Mention any certifications you hold, such as CFA or PMP, that are relevant to the position.
Highlight Leadership Experience: Since this role requires strategic leadership, be sure to include examples of how you've successfully led teams and managed large-scale IT projects. Use specific metrics or outcomes to illustrate your impact.
How to prepare for a job interview at Morgan McKinley
✨Showcase Your Leadership Skills
As the Head of Credit Risk IT, you'll need to demonstrate your ability to lead and inspire teams. Prepare examples from your past experiences where you successfully managed a team or led a project, highlighting your strategic vision and how you fostered innovation.
✨Understand the Technical Requirements
Familiarise yourself with the specific technologies mentioned in the job description, such as FIS Adaptiv or Murex. Be ready to discuss your experience with these tools and how you've implemented credit risk models in the past.
✨Emphasise Data Integrity and Management
Data management is crucial for this role. Prepare to talk about your experience ensuring data accuracy and reliability, and how you've maintained or enhanced databases in previous positions. This will show your commitment to high standards in credit risk management.
✨Prepare for Regulatory Discussions
Given the importance of compliance in this role, be prepared to discuss your understanding of regulatory requirements and how you've adapted to changes in the past. This will demonstrate your ability to navigate the complexities of the financial services industry.
