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- Tasks: Manage credit risk for lending transactions and support underwriting processes.
- Company: Join the Pension Protection Fund, safeguarding millions of UK pension scheme members.
- Benefits: Enjoy hybrid working, a competitive salary, and a Civil Service Pension.
- Why this job: Make a real impact while developing your career in a supportive, inclusive environment.
- Qualifications: Extensive experience in Credit Risk Management at a financial institution or rating agency required.
- Other info: Located near East Croydon station, with a commitment to diversity and flexible working.
The predicted salary is between 67000 - 85000 £ per year.
Location: Croydon office location with Hybrid working
Salary: £78,000 to £85,000 per annum plus Civil Service Pension
Contract Type: Permanent
Position type: Full Time
We’re the Pension Protection Fund (PPF). We protect millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, we’re ready to help. We do this by paying our members, by charging a levy and by investing sustainably. Our work has a real impact on people’s lives, so we strive to do it well, with integrity and their future in mind. We’re equivalent in size to a top 5 UK pension scheme and have developed a highly sophisticated, best-in-class investment strategy. Our culture combines private sector standards with a public service ethos.
We’re looking for a Credit Risk Manager to join our 2nd Line of Defence function that is responsible for the design, development and implementation of an independent credit risk framework. The Credit Risk Manager’s role is to support the underwriting process and day-to-day counterparty credit risk management of a portfolio of vanilla and complex lending transactions, providing independent credit risk opinions and rating recommendations to rating/investment committees, senior risk officers, and front office management.
Our ideal applicant will have extensive experience in Credit Risk Management, at a large financial institution or rating agency, with a focus on Corporate Credit risk and/or Structured Finance. They will be able to demonstrate experience in drafting Credit Risk reports for presentation at Rating Committees. Interpersonal skills are essential for this role, including effective relationship management, delivering a successful business partnering approach, and strong communication skills, with the ability to interpret complex information to a varied audience.
The PPF is a diverse and inclusive place to work, we are open to applicants from all backgrounds, including returners to the workplace. We would encourage applicants to apply for the role if they are looking for a supportive workplace where we will support you to be the best version of yourself. Sound like you? Apply now.
In return for your skills, experience and commitment we’ll give you a challenging role within a business where you’ll get the support you need to develop your career. We’ll also give you lots of opportunities for personal development and skills training.
Our Croydon office is just across the road from East Croydon station, which is around 15 minutes from Victoria or London Bridge, 10 minutes from Clapham Junction or half an hour from St Pancras.
We’re proud to be a Disability Confident Leader, the highest accreditation under the Disability Confident Scheme. If you have a disability and meet the essential criteria for this role you will be guaranteed an interview. We embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome here. We’re happy to talk about flexible working.
Credit Risk Manager employer: Pension Protection Fund
Contact Detail:
Pension Protection Fund Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Risk Manager
✨Tip Number 1
Familiarise yourself with the Pension Protection Fund's mission and values. Understanding their commitment to protecting defined benefit pension schemes will help you align your responses during interviews, showcasing how your experience in credit risk management can contribute to their goals.
✨Tip Number 2
Network with professionals in the financial services sector, particularly those involved in credit risk management. Engaging with industry peers can provide insights into the role and may even lead to referrals, increasing your chances of landing an interview.
✨Tip Number 3
Prepare to discuss specific examples of your experience with corporate credit risk and structured finance. Be ready to explain how you've successfully managed credit risk in previous roles, as this will demonstrate your expertise and suitability for the position.
✨Tip Number 4
Highlight your interpersonal skills and ability to communicate complex information clearly. Since the role involves presenting to rating committees and senior management, showcasing your communication prowess will be crucial in making a strong impression.
We think you need these skills to ace Credit Risk Manager
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Credit Risk Manager position. Tailor your application to highlight relevant experience in credit risk management, particularly in corporate credit risk and structured finance.
Highlight Relevant Experience: In your CV and cover letter, emphasise your extensive experience in credit risk management at large financial institutions or rating agencies. Provide specific examples of your work, especially those involving drafting credit risk reports for rating committees.
Showcase Interpersonal Skills: Since interpersonal skills are essential for this role, make sure to include examples of effective relationship management and communication in your application. Describe situations where you successfully interpreted complex information for diverse audiences.
Personalise Your Application: Make your application stand out by personalising it. Mention why you are interested in working for the Pension Protection Fund and how your values align with their mission of protecting people's pensions. This shows genuine interest and commitment to the role.
How to prepare for a job interview at Pension Protection Fund
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Credit Risk Manager. Familiarise yourself with credit risk frameworks, underwriting processes, and the specific types of lending transactions you'll be dealing with. This knowledge will help you answer questions confidently and demonstrate your suitability for the role.
✨Showcase Your Experience
Prepare to discuss your extensive experience in Credit Risk Management, particularly in Corporate Credit risk and Structured Finance. Be ready to provide examples of past projects or reports you've drafted for Rating Committees, highlighting your analytical skills and attention to detail.
✨Highlight Interpersonal Skills
Since effective relationship management is crucial for this role, think of examples where you've successfully collaborated with teams or communicated complex information to diverse audiences. This will show that you possess the strong interpersonal skills required for the position.
✨Emphasise Your Commitment to Diversity
The Pension Protection Fund values diversity and inclusion. Be prepared to discuss how your background and experiences contribute to a supportive workplace. This could include any initiatives you've been part of that promote inclusivity or how you adapt your communication style to connect with different individuals.
