At a Glance
- Tasks: Oversee credit risk management and ensure compliance with risk frameworks.
- Company: Leading financial institution focused on innovative risk solutions.
- Benefits: Attractive salary, comprehensive benefits, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on cultural diversity and inclusion.
- Why this job: Join a dynamic team and shape the future of credit risk management.
- Qualifications: Extensive banking experience and strong leadership skills required.
The predicted salary is between 80000 - 100000 £ per year.
Key Responsibilities
- Second line of defence responsibilities related to Credit Risk, overseeing and challenging risk management actions from the First Line.
- Managing the Group's Enterprise Risk Management Framework (ERMF) for Credit Risk, ensuring the approach to risk and the control framework, and that risk‑return trade‑offs are made.
- Ensuring first- and second-line owners understand and accept their risk‑management responsibilities.
- Ensuring a robust effectiveness review process for the ERMF with regards to Credit Risk, and escalating significant matters and gaps in ERMF implementations to senior management and relevant board‑level committees.
- Monitoring compliance with the Board‑approved risk appetite for Credit Risk through the risk information report covering principal risk types, and highlighting significant matters to senior management and risk committees.
- Ensuring the credit portfolio quality remains within the acceptable parameters set by the Group and Country Risk Appetite statements and relevant Portfolio Underwriting Standards, and that portfolio reporting is timely and accurate.
- Building a culture of good conduct in the Risk function, embedding the Risk Culture statement, and carrying out Process Universe responsibilities as defined in the ERMF.
- Making final credit decisions for wholesale lending facilities within delegated credit authorities, ensuring completeness and accuracy of the business credit application and capturing critical information required for credit risk measurement and analysis.
- Identifying and escalating other risk matters as appropriate.
Qualifications
- Substantial experience at the highest level in the banking industry, including demonstrated success in a similar role within the same product/business area.
- Sharp business acumen (including the ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills, and multi‑cultural awareness and sensitivity.
- Demonstrated track record in successful management and the ability to manage risk in geographically dispersed and highly varied product bases, with expertise in process design and control.
- Awareness and understanding of the regulatory framework in which the banking industry operates.
Senior Credit Manager, Specialised Finance Risk in London employer: myGwork - LGBTQ+ Business Community
As a Senior Credit Manager in our esteemed banking institution, you will thrive in a dynamic work culture that prioritises collaboration and innovation. We offer competitive benefits, including professional development opportunities and a commitment to employee well-being, all set against the backdrop of a vibrant city known for its rich financial heritage. Join us to make a meaningful impact while advancing your career in a supportive environment that values your expertise and contributions.
Contact Details:
myGwork - LGBTQ+ Business Community Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Credit Manager, Specialised Finance Risk in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking industry, especially those who have experience in credit risk management. A friendly chat can lead to insider info about job openings or even referrals that could give you an edge.
✨Tip Number 2
Prepare for interviews by diving deep into the company's risk management framework. Understand their approach to credit risk and be ready to discuss how your experience aligns with their needs. We want you to shine as the perfect fit!
✨Tip Number 3
Showcase your leadership skills! During interviews, share specific examples of how you've successfully managed risk and led teams in previous roles. This will demonstrate your capability to handle the responsibilities of a Senior Credit Manager.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and engaged with our platform.
We think you need these skills to ace Senior Credit Manager, Specialised Finance Risk in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Credit Manager role. Highlight your experience in credit risk management and any relevant achievements that align with the responsibilities mentioned in the job description.
Craft a Compelling Cover Letter:Your cover letter should tell us why you're the perfect fit for this role. Use specific examples from your past experiences to demonstrate your leadership qualities and understanding of risk management frameworks.
Showcase Your Skills:Don’t forget to showcase your sharp business acumen and interpersonal skills. We want to see how you’ve successfully managed risk in previous roles, so be sure to include those details in your application.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensure it gets the attention it deserves!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Risk Management Framework
Make sure you’re well-versed in the Enterprise Risk Management Framework (ERMF) for Credit Risk. Familiarise yourself with how it operates and be ready to discuss how you would ensure compliance and effectiveness in your role.
✨Demonstrate Your Leadership Skills
Prepare examples that showcase your leadership qualities, especially in managing risk and guiding teams. Think about times when you’ve successfully challenged risk management actions or built a culture of good conduct within your team.
✨Understand the Regulatory Landscape
Brush up on the regulatory framework relevant to credit risk management. Be prepared to discuss how you’ve navigated these regulations in past roles and how you would ensure compliance in this position.
✨Showcase Your Business Acumen
Be ready to talk about your ability to assess risk versus return. Prepare specific examples where you made critical credit decisions and how those decisions impacted the overall portfolio quality.
