At a Glance
- Tasks: Lead credit and model risk oversight for secured lending, driving strategic growth.
- Company: Top 25 UK Financial Services employer with a focus on innovation.
- Benefits: Competitive salary of £100K - £120K plus full banking benefits.
- Other info: Opportunity to influence at the Board level and foster a proactive risk-aware culture.
- Why this job: Shape robust risk frameworks while supporting commercial growth in a dynamic environment.
- Qualifications: Expertise in credit risk management and experience in SME and commercial lending.
The predicted salary is between 100000 - 120000 € per year.
Location: London
Salary Details: £100K - £120K + full banking benefits
Contract Type/Hours: Permanent
Our client, a Top 25 UK Financial Services employer, is seeking an experienced 2LoD leader to drive independent credit and model risk oversight across their growing secured lending portfolio. This is a pivotal role providing second line leadership and strategic oversight as the business scales its SME and commercial lending propositions. You'll bring expert judgement, curiosity and collaboration to shape robust risk frameworks while supporting commercial growth.
Key Responsibilities:
- Provide independent oversight of secured lending products across SME and commercial portfolios
- Develop and maintain proportionate credit and model risk frameworks that support business growth
- Lead regulatory engagement with the PRA on credit and model risk matters
- Partner with Product, Lending, Finance and first line Risk teams on new propositions and product evolution
- Present complex risk matters to Board and Executive committees with clarity and influence
- Oversee risk management framework effectiveness and stakeholder engagement
- Foster a proactive risk-aware culture across the organization
- Balance commercial objectives with sound risk management for sustainable customer outcomes
Essential Technical Skills:
- Deep credit risk management expertise in retail banking
- Proven experience across SME lending, commercial secured lending and real estate finance
- Strong working knowledge of IFRS 9 and Basel framework requirements for secured and SME portfolios
- Model risk management expertise
- Technical proficiency in credit risk frameworks, policies and monitoring
- Track record of developing and implementing model risk management frameworks
- Experience engaging with regulatory bodies on complex risk matters
- Demonstrated ability to present technical risk content to senior stakeholders
- Previous experience operating independently at 'Head of' level in a 2LoD role
- Experience building or scaling Credit Risk or Model Risk functions
- Knowledge of model development techniques and programming languages (e.g. Python)
Key Personal Attributes:
- Strong judgement and intellectual curiosity
- Collaborative approach with ability to provide constructive challenge
- Pragmatic problem-solving mindset
- Confident in expertise while remaining respectful and open to different perspectives
- Driven by delivering right outcomes for customers and the business
SMCR: Certified Function under SMCR Certification Regime
If you feel that this opportunity could be of interest for you, or you would like to recommend one of your contacts, then please contact Allison Gillson at the PSD Group.
Contact by phone: +442079709704 or email: allison.gillson@psdgroup.com
Head of Credit & Model Risk Oversight (Secured Lending) - PSD in London employer: PSD
As a Top 25 UK Financial Services employer, our client offers an exceptional work environment in London, characterised by a strong commitment to employee growth and a collaborative culture. With competitive salaries and comprehensive banking benefits, employees are empowered to drive innovation in secured lending while enjoying opportunities for professional development and engagement with senior leadership. Join a forward-thinking team that values curiosity and sound risk management, ensuring meaningful contributions to both the business and its customers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Credit & Model Risk Oversight (Secured Lending) - PSD in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who have experience in credit and model risk. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can confidently discuss IFRS 9, Basel frameworks, and model risk management. We want you to shine when presenting complex risk matters!
✨Tip Number 3
Showcase your collaborative spirit! During interviews, highlight examples of how you've worked with cross-functional teams. This role is all about partnership, so let them know you're a team player who can drive results.
✨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 take the initiative to connect directly with us.
We think you need these skills to ace Head of Credit & Model Risk Oversight (Secured Lending) - PSD in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the job description. Highlight your experience in credit risk management and model risk oversight, especially in secured lending. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to showcase your passion for the role and how your background makes you the perfect fit. Don’t forget to mention your collaborative approach and problem-solving mindset – we love that!
Showcase Your Technical Skills:We’re keen on your technical expertise, so make sure to highlight your knowledge of IFRS 9, Basel framework, and any programming languages like Python. This will help us see your capability in developing robust risk frameworks.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re serious about joining our team!
How to prepare for a job interview at PSD
✨Know Your Risk Frameworks
Make sure you’re well-versed in credit and model risk frameworks, especially those relevant to secured lending. Brush up on IFRS 9 and Basel requirements, as these will likely come up during your interview.
✨Showcase Your Leadership Skills
Prepare examples that highlight your experience in leading teams and driving independent oversight. Be ready to discuss how you've fostered a proactive risk-aware culture in previous roles.
✨Engage with Regulatory Knowledge
Demonstrate your understanding of regulatory engagement, particularly with the PRA. Have specific instances ready where you’ve successfully navigated complex risk matters with regulatory bodies.
✨Communicate with Clarity
Practice presenting complex risk topics clearly and confidently. You might be asked to explain technical content to senior stakeholders, so being articulate and persuasive is key.
