Credit Risk Director, Motor & Premium Finance

Location: Liverpool Street, Wimbledon or Doncaster (3 days in the office)

Salary: Strong salary + Bonus and benefits (happy to disclose this on a call)

A leading specialist bank is looking for a Retail Risk Director to take full ownership of end-to-end credit risk across their Retail Finance portfolios. This is a strategic led role as you will have a seat on the Retail ExCo, report directly to the Group CCRO, and lead a team of around 24 people while shaping the future operating model for Retail Credit across the UK and Ireland. This goes way beyond traditional portfolio management as you will be the main risk owner across the entire E2E credit lifecycle - someone with real influence who will drive transformation, lead their AIRB programme, and work across matrix stakeholders including Underwriting, Modelling, Collections and Recoveries.

What you will be doing:

• You will own the credit risk frameworks and strategies across the Retail portfolios - managing portfolio quality, bad debt forecasting, provision adequacy, and stress testing (ICAAP).
• You will lead Credit Risk activity across the wider Irish businesses, supporting DAC consolidation and governance structures.
• You will sit on Retail ExCo, Motor ExCo, and Credit Leadership Team, plus critical risk committees (CRMC, Impairment Committee, RCC, Group Credit Committee).
• You will define and implement the future operating model for Retail Credit and shared services, working with the CCRO and Head of Transformation.
• You will take full model ownership for IRB, IFRS9, and credit scorecards (application and behavioural), driving development, implementation, monitoring and maintenance in line with model owner responsibilities.
• You will lead the bank’s AIRB programme delivery and embedding across the Retail portfolios, whilst also evolving Climate Risk monitoring and managing the PRA/FCA relationship.
• This is a Material Risk Taker role under the FCA Certification Regime.
• You will also line manage the Head of Credit for Ireland (PCF-47 role holder).

What’s on offer?

• Direct report to Group CCRO
• Seats on Retail ExCo, Motor ExCo, Credit Leadership Team
• Scope across UK and Ireland

Who they are looking for:

• You have run a full credit risk function before - not just a piece of it, the whole thing.
• You are comfortable at the top table - ExCo membership, influencing C-suite, shaping strategy.
• You know IRB, IFRS9, and credit models inside out - this is technical as well as strategic.
• You have been part of (or led) AIRB implementation and understand model ownership.
• You have built and led teams - coaching, developing talent, driving performance.
• You can navigate complex matrix structures and manage regulatory relationships with confidence.
• You think strategically and have driven transformation or operating model change.

What you will be doing:

• Joining the Retail ExCo and helping shape the division's strategic direction.
• Building and implementing a new operating model for Retail Credit and shared services.
• Driving the AIRB programme forward and owning model risk across IRB, IFRS9 and scorecards.
• Leading credit risk across the Irish businesses and supporting governance consolidation.
• Building and developing a team of around 24 people including a PCF-47 role holder in Ireland.
• Acting as the credit voice at key forums - risk committees, impairment reviews, group credit.
• Working across Underwriting, Modelling, Collections and Recoveries to deliver integrated credit services.
• Managing the relationship with PRA and FCA, including all regulatory reporting and engagement.

This is a role with genuine strategic weight, serious scope, and the platform to shape how credit risk operates across a major UK lender. If you have run end-to-end credit risk functions, operated at ExCo level, managed IRB/IFRS9 programmes, and want a role with real transformation responsibility - let’s talk.