Fund Credit Risk Manager in London

We are seeking an experienced Fund Credit Risk Manager to join our London-based team, leading credit risk coverage across EMEA. This is a high-impact, client-facing role where you will partner closely with the business, Risk colleagues, and senior stakeholders to assess, challenge, and manage complex credit exposures. You will play a key role in safeguarding the organisation’s risk appetite while enabling sustainable growth across Financial Markets.

Working within a collaborative and high-performing environment, you will combine deep technical expertise with commercial judgement to influence risk decisions, enhance processes, and drive best-in-class risk management practices.

Key Responsibilities

• Conduct Due Diligence meetings and underwrite and onboard new HFs and RMFs in EMEA.
• Ongoing monitor risk exposure vs limits, stress losses and portfolio risk profile including NAV and performance, and understand the drivers.
• Review credit origination activities and approve credit risk exposures proposed by the 1LOD based on delegation authorities.
• Monitor compliance to Credit Risk Appetite using the risk information report and highlight significant matters for the attention of senior management.
• Ensure that the quality of the portfolios is maintained within acceptable parameters and escalate significant risks and issues to the senior risk management.
• Support Head of RMF&HF to improve underwrite quality and efficiency, streamline the process and any other fund risk related tasks.
• Work closely with the business and colleagues in other regions on live trades and client coverage.
• Uphold the integrity of risk/return decisions, ensuring that risks are properly assessed and that risk/return decisions are made transparently.
• Appraise and contribute to the development of the Bank’s strategic plans and alignment with risk appetite through supporting MANCO members and other executives.
• Engage all stakeholders (e.g. Business partners, Market Risk, Finance, Legal and Compliance) to raise their awareness of Financial Markets’ Product Risks and how these are managed by Traded Risk.
• Maintain alignment with risk appetite by rebalancing of risks or controls that may be required in response to internal and external factors.
• Provide input for stress tests on commodity price, foreign exchange, interest rate, and scenario programme in Jump Risk and Global/Regional Counterparty Credit Risk Forum.
• Be alert to significant market movement and provide appropriate response to material events or other risk issues.
• Approve FM transactions in compliance with personal delegated authority.
• Support Global Head, Traded Risk Management in Capital Market activities.
• Ensure risk identification, measurement, reporting, and modelling capabilities are objective, consistent, and compliant with applicable regulations.
• Ensure that material risk exposures and related issues are reported to CCR Head, Europe and RMF&HF for notifying the responsible Financial Markets Product Governance Committees.
• Design, maintain and effectively communicate risk control parameters across Financial Markets, including policies, control standards, risk exposure limits and other control levers.
• Ensure the completeness of Operational Risk Control activities, i.e., KCIs/CSTs, Business Continuity Plan, Recovery Exercise, Fire Drills, etc. for Traded Risk Management (TRM).
• Maintain a good understanding of the requirements of the Bank’s key external stakeholders in respect of risk management.

Skills and Experience

• C&I Credit Risk Qualifications.
• Education: Bachelor’s Degree or Above.
• Training: Banking And Role Specific Training.
• Languages: English.

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you.

What we offer:

• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days).
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity.