Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Analyse credit risk data and develop strategies to improve profitability.
- Company: Join My Finance Club, an innovative online challenger bank on the rise.
- Benefits: Enjoy a competitive salary, hybrid work options, and private medical insurance.
- Why this job: Gain hands-on experience in a dynamic environment while making impactful decisions.
- Qualifications: 1-2 years in credit risk, strong analytical skills, and a finance-related degree.
- Other info: Work in a fast-paced setting with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 £ per year.
Get AI-powered advice on this job and more exclusive features.
This range is provided by My Finance Club. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
Direct message the job poster from My Finance Club
An exciting opportunity has arisen at My Finance Club Ltd for a Credit Risk Analyst to be part of a highly innovative forward thinking online challenger bank as it moves into its next phase of growth.
Reporting directly into the Head of Credit Risk, this role will be responsible for monitoring, evaluating and communicating results on all areas of Credit Risk, including the development and maintenance of our application risk scorecards.
We are looking for someone with experience working in a fast paced, high-volume consumer credit risk environment, with the ability to turn large data sets into actionable insight. This is a wide and varied role allowing the right candidate to gain significant exposure across the Credit Risk Lifecycle.
Job Description
- The role is responsible for measuring the performance of Credit Risk lending strategies,
- Develop and maintain key reporting to monitor the Credit Risk lending strategy for a loans portfolio.
- Develop and maintain our application risk scorecards including development of scorecard monitoring.
- Analyse large data sets using SQL, to identify trends and opportunities and providing recommendations to Senior Management.
- Challenge existing lending strategies to drive improvements in overall profitability whilst managing risk.
- Perform regular and ad-hoc tasks, delivering actionable insights to drive positive outcomes.
Key Skill Requirements
The successful candidate will have:
- Minimum 1-2 years of experience of Credit Risk with ideally within retail credit or financial services. E.g. Loans or Credit card market.
- Maths or finance-related degree or proven experience at a senior/lead analyst level.
- Experience managing and developing credit scorecards (Essential).
- Background in using advanced analytics tools (e.g. SQL, SAS, Python) and recent experience working with large data sets.
- Advanced excel skills. (E.g. Pivot tables, VLOOKUP, conditional formatting, etc.)
- Excellent written and verbal communication skills, with experience of converting complex analytics in simple language for senior-stakeholders to support business decisions.
- Strong attention to detail and a passion for accuracy.
- Experience working in a FCA regulated environment with knowledge of FS regulation.
- Comfortable working in a fast-paced, dynamic environment with a high degree of ambiguity.
- Experience working with Credit Bureau data ideally Equifax.
Job Types: Full-time, Permanent
Pay: £45,000.00 per year
- Company pension
- Private medical insurance
Schedule:
- Monday to Friday
- Hybrid remote in Sheffield S1 2BJ
Please inform us if you have a disability that will require any reasonable adjustments for the interview/recruitment process or job role (working in-person from the office) ?
Seniority level
- Associate
Employment type
- Full-time
Job function
- Finance
- Banking and Financial Services
Referrals increase your chances of interviewing at My Finance Club by 2x
Get notified about new Credit Risk Analyst jobs in Sheffield, England, United Kingdom.
#J-18808-Ljbffr
Credit Risk Analyst employer: My Finance Club
Contact Detail:
My Finance Club Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in credit risk analysis, especially within the retail credit and financial services sectors. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your SQL skills and be prepared to discuss how you've used data analysis to drive business decisions. Consider preparing a few examples of how you've turned large data sets into actionable insights in previous roles.
✨Tip Number 3
Network with professionals in the credit risk field, particularly those who work in FCA regulated environments. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 4
Prepare to articulate your experience with credit scorecards and advanced analytics tools like SAS or Python. Being able to explain your technical skills in simple terms will impress senior stakeholders during the interview process.
We think you need these skills to ace Credit Risk Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in credit risk analysis, particularly in retail credit or financial services. Emphasise your skills in managing and developing credit scorecards, as well as your proficiency with SQL and advanced analytics tools.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific experiences where you've turned large data sets into actionable insights and how you can contribute to the Credit Risk Lifecycle at My Finance Club.
Highlight Technical Skills: In your application, clearly outline your technical skills, especially your experience with SQL, SAS, Python, and advanced Excel functions. Provide examples of how you've used these skills to analyse data and improve lending strategies.
Showcase Communication Skills: Demonstrate your ability to communicate complex analytics in simple terms. Include examples in your application where you've successfully conveyed insights to senior stakeholders, supporting business decisions.
How to prepare for a job interview at My Finance Club
✨Know Your Numbers
As a Credit Risk Analyst, you'll be dealing with large data sets and analytics tools. Brush up on your SQL skills and be prepared to discuss how you've used data to drive insights in previous roles.
✨Communicate Clearly
You'll need to explain complex analytics in simple terms to senior stakeholders. Practice articulating your past experiences and findings in a clear and concise manner, focusing on the impact of your work.
✨Showcase Your Attention to Detail
In this role, accuracy is key. Be ready to provide examples of how your attention to detail has positively influenced outcomes in your previous positions, especially in a fast-paced environment.
✨Understand the Regulatory Landscape
Familiarise yourself with FCA regulations and how they impact credit risk. Being knowledgeable about the regulatory environment will demonstrate your preparedness for the role and your commitment to compliance.
