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For Companies At a Glance
- Tasks: Lead Credit Testing & Monitoring reviews and ensure compliance with risk standards.
- Company: Join a dynamic financial services organization focused on credit risk management.
- Benefits: Enjoy flexible work options, professional development opportunities, and a collaborative culture.
- Why this job: Engage with stakeholders, lead a team, and make a real impact in risk management.
- Qualifications: Expertise in credit risk, strong analytical skills, and experience in financial services required.
- Other info: Opportunity to evolve into line management responsibilities as you grow in the role.
The predicted salary is between 48000 - 72000 £ per year.
Join us as a Credit Risk Assurance Manager
- We’ll look to you to lead the delivery of Credit Testing & Monitoring (T&M) reviews, ensuring their effective design and delivery which assess compliance with risk standards and policies, processes and guidance, regulatory requirements, rules, and obligations
- You’ll support the design, development, and delivery of a flexible and risk-based Credit T&M plan and you’ll help ensure the right resourcing levels and capability requirements are in place to meet and deliver review objectives
- This is an engaging role in which you’ll enjoy significant stakeholder interaction, leading a review team, working closely with the first and second lines of defence, and supporting senior leaders
What you\’ll do
As a Credit Risk Assurance Manager, you’ll take the lead with Credit T&M reviews, ensuring that the identification, assessment, and monitoring of credit risks and related outcomes are undertaken effectively and in accordance with risk management standards. You’ll help lead, coach, mentor, and develop a team of multi-skilled T&M Assurance Managers, ensuring deliverables are within agreed timelines and standards. You’ll also help to plan and schedule review team resources so that activity is executed in line with agreed timescales and adheres to T&M methodologies, processes, and policies.
While there\’s no line management responsibilities at the outset, the role may evolve over time as you settle in.
Furthermore, you’ll:
- Design, deliver, and document high quality Credit T&M reviews with robust and efficient testing strategies that focus on testing compliance with, where relevant, credit risk policies, processes and guidance, regulatory requirements, rules, and obligations
- Engage with senior stakeholders, escalating identified areas of non-compliance and handling sensitive and challenging messages effectively
- Assist team leadership as required
- Manage relationships with key stakeholders with committee and forum attendance as required
- Contribute to the design, build, and implementation of enhancements to T&M methodologies, testing tools, and techniques
The skills you\’ll need
To succeed in this role, you’ll need subject matter expertise in credit risk and knowledge of the related standards or policies, processes and procedures, as well as credit risk counterparty types and products across the organisation. You’ll have a solid grasp of risk management within a financial services environment.
With excellent analytical and investigative skills, you’ll have the ability to identify key credit risks and areas of non-conformance with regulatory, policy, process, and guidance requirements, and you’ll have experience of making credit risk decisions which require analysis, judgement, and initiative. We\’re looking for experience across the credit risk spectrum, however a background in Financial Institutions or Commercial Real Estate is particularly interesting.
We’re also looking for:
- An understanding of appropriate tools, techniques, and methodologies used to perform Credit T&M assurance reviews
- The ability to work on your own initiative, setting priorities and self-managing multiple workstreams
- The ability to lead, motivate, coach, and develop a team of multi-skilled and geographically dispersed employees
- Good working knowledge of the principal credit systems across the organisation like Prism, RMPS, Avaloq and GMS
- Effective communication skills, both written and verbal, with the ability to constructively challenge and influence, where appropriate
- Strong relationship building and stakeholder management skills, and the ability to maintain effective relationships at all levels
- Contribution to the wider development and evolution of the team and wider bank agenda, in particular in respect of data-led initiatives
Credit Risk Assurance Manager employer: NatWest
Contact Detail:
NatWest Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Assurance Manager
✨Tip Number 1
Familiarize yourself with the specific credit risk standards and policies relevant to our organization. Understanding these will not only help you in interviews but also demonstrate your commitment to aligning with our compliance objectives.
✨Tip Number 2
Engage with current or former employees in similar roles through networking platforms like LinkedIn. This can provide you with insider insights into the team dynamics and expectations, which can be invaluable during your discussions with us.
✨Tip Number 3
Prepare to discuss your experience with credit risk assurance tools and methodologies. Highlighting your familiarity with systems like Prism or RMPS will set you apart and show that you are ready to hit the ground running.
✨Tip Number 4
Demonstrate your leadership skills by preparing examples of how you've successfully led teams or projects in the past. We value candidates who can motivate and develop others, so showcasing this ability will be key.
We think you need these skills to ace Credit Risk Assurance Manager
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Credit Risk Assurance Manager position. Understand the key responsibilities and required skills, as this will help you tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in credit risk management and any relevant roles you've held. Be specific about your achievements and how they relate to the responsibilities outlined in the job description.
Showcase Analytical Skills: Demonstrate your analytical and investigative skills in your application. Provide examples of how you've identified key credit risks or areas of non-compliance in previous roles, as this is crucial for the position.
Tailor Your Communication: Since effective communication is essential for this role, ensure that your application reflects strong written communication skills. Use clear and concise language, and consider including examples of how you've successfully communicated with stakeholders in the past.
How to prepare for a job interview at NatWest
✨Showcase Your Expertise in Credit Risk
Make sure to highlight your subject matter expertise in credit risk during the interview. Be prepared to discuss specific standards, policies, and procedures you have worked with, as well as your experience with different credit risk counterparty types and products.
✨Demonstrate Analytical Skills
Prepare examples that showcase your analytical and investigative skills. Discuss situations where you identified key credit risks or areas of non-compliance, and explain how you approached these challenges with analysis, judgment, and initiative.
✨Engage with Stakeholders
Since this role involves significant stakeholder interaction, practice how you would communicate effectively with senior leaders and manage relationships. Be ready to share experiences where you successfully escalated issues or handled sensitive messages.
✨Highlight Leadership and Team Development
Even though there are no line management responsibilities initially, emphasize your ability to lead, coach, and mentor a team. Share examples of how you've motivated and developed multi-skilled teams in previous roles, especially in a geographically dispersed environment.
