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For Companies At a Glance
- Tasks: Lead the Credit function, ensuring sound lending practices and compliance with regulations.
- Company: Join a dynamic commercial banking institution focused on integrity and customer-centric solutions.
- Benefits: Enjoy hybrid work options, professional development opportunities, and a collaborative culture.
- Why this job: Shape credit strategy while making a real impact in a supportive environment.
- Qualifications: Experience in Commercial/Corporate Credit, strong analytical skills, and regulatory knowledge required.
- Other info: Act as a trusted deputy and engage in strategic discussions with senior management.
The predicted salary is between 43200 - 72000 £ per year.
Job Description
Deputy Head of Credit – Commercial Banking
North West
Hybrid (2-3 days in the office)
About the Opportunity
Excellent opportunity for an experienced Commercial/Corporate Credit Underwriter to play a pivotal role in shaping and overseeing the Credit function for a dynamic commercial banking institution. This is a leadership position that requires a strategic mindset, strong risk management expertise, and the ability to deputise for the Head of Credit when necessary.
The successful candidate will ensure that lending activities are conducted with sound commercial judgment, robust risk controls, and a customer-centric approach – all while maintaining compliance with regulatory standards and internal policies.
Key Responsibilities
Credit Risk Strategy & Governance
- Implement and uphold the bank’s credit lending strategy in alignment with Board risk appetite, policies, and corporate governance.
- Promote a culture of integrity, professionalism, and ethical decision-making within the Credit Risk function.
- Ensure lending practices adhere to industry best practices, regulatory requirements (including PRA/FCA guidelines), and statutory obligations such as AML, affordability assessments, and data protection.
Credit Decisioning & Portfolio Management
- Exercise delegated credit sanctioning authority with diligence, ensuring comprehensive risk assessments, clear recommendations, and well-documented justifications for decisions.
- Prepare and present credit papers for high-value or complex transactions requiring Credit Committee approval.
- Conduct periodic reviews of existing facilities, assessing payment behaviour, financial health, market conditions, and security coverage to recommend adjustments to credit ratings or exposure limits.
Operational & Compliance Oversight
- Validate that all credit approvals meet sanctioning conditions before disbursement, ensuring proper documentation, security perfection, and compliance with internal controls.
- Monitor early warning indicators and default cases, collaborating with recovery teams, legal advisors, and committees to maximise recoveries where necessary.
- Liaise with sales, distribution teams, and key stakeholders to optimise customer experience while maintaining risk discipline.
Leadership & Collaboration
- Act as a trusted deputy to the Head of Credit, representing the function in senior forums and contributing to strategic discussions.
- Foster strong relationships with internal teams, regulators, and external partners to support business objectives while safeguarding risk standards.
- Engage in continuous professional development to stay ahead of industry trends, regulatory changes, and emerging risks.
Candidate Profile: Skills & Experience
Essential Requirements
- Experience: Demonstrable background in Commercial/Corporate Credit or Underwriting within a Banking or Commercial Lending environment, including financial statement analysis and risk assessment.
- Mandate Authority: Proven track record of operating within a sanctioning structure and holding a delegated authority.
- Regulatory Knowledge: Strong understanding of banking regulations, risk appetite frameworks, and conduct risk principles to ensure fair customer outcomes.
- Personal Attributes:
- Proactive, self-motivated, and adaptable with a strong work ethic.
- Exceptional analytical and commercial judgment.
- Strong communicator, capable of influencing stakeholders and presenting complex cases clearly.
- Ability to inspire trust, mentor colleagues, and contribute to team development.
- Skilled at building relationships across functions and engaging effectively with senior management and committees.
- Ability to prioritise multiple tasks, work under pressure, and maintain attention to detail.
For more information, please contact Richard Seddon – richard.seddon@psdgroup.com.
Deputy Head of Credit - PSD employer: PSD
Contact Detail:
PSD Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Credit - PSD
✨Tip Number 1
Familiarise yourself with the latest banking regulations and compliance standards, especially those related to credit risk management. This knowledge will not only help you in interviews but also demonstrate your commitment to maintaining high standards in lending practices.
✨Tip Number 2
Network with professionals in the commercial banking sector, particularly those involved in credit underwriting. Attend industry events or join relevant online forums to build connections that could provide insights into the role and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed credit risk in previous roles. Highlight your analytical skills and decision-making processes, as these are crucial for the Deputy Head of Credit position.
✨Tip Number 4
Showcase your leadership abilities by discussing any experience you have in mentoring or guiding teams. The role requires strong collaboration skills, so be ready to explain how you've fostered teamwork and built relationships across functions in your past positions.
We think you need these skills to ace Deputy Head of Credit - PSD
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Commercial/Corporate Credit or Underwriting. Emphasise your skills in financial statement analysis and risk assessment, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of credit risk strategy and governance. Mention specific examples of how you've implemented lending strategies or adhered to regulatory requirements in previous roles.
Highlight Leadership Experience: Since this is a leadership position, be sure to include any past experiences where you acted as a deputy or led a team. Discuss how you fostered collaboration and built relationships with stakeholders.
Showcase Analytical Skills: In your application, provide examples of how you've used analytical skills to make informed credit decisions. Highlight your ability to assess payment behaviour and market conditions effectively.
How to prepare for a job interview at PSD
✨Showcase Your Leadership Skills
As a Deputy Head of Credit, you'll need to demonstrate your leadership capabilities. Prepare examples of how you've successfully led teams or projects in the past, focusing on your ability to inspire trust and mentor colleagues.
✨Understand Regulatory Frameworks
Make sure you're well-versed in banking regulations and risk appetite frameworks. Be ready to discuss how you have applied this knowledge in previous roles, particularly in ensuring compliance with PRA/FCA guidelines.
✨Prepare for Complex Case Presentations
Since you'll be preparing credit papers for high-value transactions, practice presenting complex cases clearly and concisely. Think about how you can effectively communicate your recommendations and justifications to stakeholders.
✨Demonstrate Analytical Acumen
Highlight your analytical skills by discussing specific instances where you've conducted thorough risk assessments or financial statement analyses. Be prepared to explain your thought process and how it influenced your decision-making.
