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- Tasks: Lead credit risk management and enhance strategies for our dynamic credit union.
- Company: Join My Community Bank, the UK's second largest socially responsible Credit Union.
- Benefits: Enjoy a hybrid work model and be part of a not-for-profit lender with a positive impact.
- Why this job: Make a real difference in a small team while shaping financial strategies and policies.
- Qualifications: Proven experience in credit risk management within financial services is essential.
- Other info: We value diversity and encourage applications from all backgrounds.
The predicted salary is between 65000 - 80000 £ per year.
About Us My Community Bank is the second largest, socially responsible Credit Union in the UK. We are a fully digital not-for-profit lender, offering savings accounts and affordable loans to our members. We are a small and dynamic team, offering you the opportunity to have an immediate impact on the business and grow with us.
The Credit Risk Manager will have 2nd Line of Defence oversight over Credit, Fraud and Pricing within the business. A key member of the leadership team, this executive will assist the CRO in monitoring and enhancing our risk management.
Provide significant input into the shaping of the credit union’s risk management strategy on product types, pricing levels and market segments.
- Act as internal lead for forecasting/tracking defaults and other credit metrics on the loan book, and provide detailed independent scrutiny of loan default and pricing models prepared by third parties.
- Review portfolio analysis by segment to identify potential gaps and monitor performance.
- Recommend and oversee the implementation of business restrictions (e.g. lending appetite by sector/product type/risk rating), and/or process/control improvements where necessary.
- Monitor the credit scorecard; and end-to-end lending policy to identify and embed improvements.
- Provide significant input at the Pricing Committee and Risk Committees.
- Support internal and external audits.
Proven experience as a credit risk manager in financial services, ideally retail banking, credit cards or a credit union.
Knowledge of best practices in loan pricing and retail credit and fraud risk.
Experience in risk identification, risk assessment, controls development, monitoring and reporting.
£65,000-£80,000, depending on experience.
We are committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.
Credit Risk Manager (Hybrid) employer: My Community Bank
Contact Detail:
My Community Bank Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager (Hybrid)
✨Tip Number 1
Familiarise yourself with My Community Bank's mission and values. Understanding their commitment to social responsibility will help you align your answers during interviews, showcasing how your experience and values match theirs.
✨Tip Number 2
Network with current or former employees of My Community Bank on platforms like LinkedIn. Engaging in conversations can provide you with insider knowledge about the company culture and expectations for the Credit Risk Manager role.
✨Tip Number 3
Stay updated on the latest trends in credit risk management, particularly within the context of credit unions. Being able to discuss recent developments or case studies during your interview can demonstrate your expertise and enthusiasm for the role.
✨Tip Number 4
Prepare specific examples from your past experience that highlight your skills in risk assessment and controls development. Tailoring these examples to reflect the responsibilities listed in the job description will make a strong impression during the interview process.
We think you need these skills to ace Credit Risk Manager (Hybrid)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Credit Risk Manager. Familiarise yourself with the key tasks mentioned in the job description, such as monitoring credit metrics and overseeing risk management strategies.
Tailor Your CV: Customise your CV to highlight relevant experience in credit risk management, particularly in financial services. Emphasise your knowledge of loan pricing, fraud risk, and any leadership roles you've held that align with the position.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the values of My Community Bank. Discuss how your background aligns with their mission as a socially responsible lender and how you can contribute to their risk management strategy.
Highlight Relevant Achievements: In both your CV and cover letter, include specific examples of your achievements in previous roles. Mention any successful projects related to risk assessment, controls development, or improvements in lending policies that demonstrate your capability for this position.
How to prepare for a job interview at My Community Bank
✨Understand the Role Thoroughly
Before the interview, make sure you have a solid grasp of what a Credit Risk Manager does, especially in the context of a credit union. Familiarise yourself with the specific responsibilities mentioned in the job description, such as monitoring defaults and enhancing risk management strategies.
✨Prepare for Technical Questions
Expect to be asked about your experience with credit risk assessment, fraud detection, and loan pricing strategies. Brush up on relevant metrics and models, and be ready to discuss how you've applied these in previous roles.
✨Showcase Your Leadership Skills
As a key member of the leadership team, it's important to demonstrate your ability to lead and influence. Prepare examples of how you've successfully managed teams or projects, particularly in risk management or financial services.
✨Ask Insightful Questions
At the end of the interview, take the opportunity to ask questions that show your interest in the role and the company. Inquire about their current risk management strategies or how they foresee the future of credit risk evolving within the organisation.
