At a Glance
- Tasks: Lead and enhance mortgage credit risk policies in a dynamic banking environment.
- Company: Innovative bank focused on shaping the future of mortgage lending.
- Benefits: Generous salary, extensive leave, private healthcare, and strong pension contributions.
- Other info: Opportunity for significant exposure to senior management and career growth.
- Why this job: Make a real impact on credit risk management and shape banking policies.
- Qualifications: Experience in mortgage credit risk and strong analytical skills required.
The predicted salary is between 85000 - 85000 £ per year.
Location: Newcastle
Hybrid
Salary: Up to circa £85,000
Hours: Monday to Friday 9 am to 6 pm
Benefits:
- 30 days annual leave plus public holidays
- Generous pension: 10% employer contribution (5% employee)
- Fully funded private healthcare for you and your family, including cancer cover, mental health support, 24/7 GP access, and wellbeing benefits
- Financial protection with income protection and life assurance (up to 8x salary)
- 24/7 support via Employee Assistance Programme and access to Mental Health First Aiders
- Strong focus on development with extensive training and thousands of on-demand learning courses
- Cycle to Work scheme and electric vehicle lease options via salary sacrifice
About the position:
This is a high-impact, hands-on second line credit risk role within an early-stage, innovative bank. You will play a key part in shaping how mortgage credit risk is managed across both first- and second-line activity, with a strong focus on challenging, enhancing, and governing first-line credit decisions, models, and lending frameworks. You will support BAU risk oversight, governance, reporting, and change activity, including new products such as Buy-to-Let (BTL) mortgages. Working closely with underwriting, commercial teams, and senior stakeholders, you will help shape mortgage lending policy, responsible lending approaches, and credit decisioning frameworks, ensuring they remain robust, compliant, and fit for purpose in a fast-evolving environment. This role offers significant exposure to senior management, Credit Risk Committees, and Board-level reporting, alongside the opportunity to help shape the bank's approach to credit risk from an early stage.
Responsibilities:
- Lead the development, challenge, and enhancement of mortgage credit risk policy, including responsible lending standards and valuations strategy
- Provide independent second-line oversight of first-line credit risk activities, including underwriting policy, exceptions, and controls
- Assess and challenge credit risk models, methodologies, and decisioning systems to ensure suitability, accuracy, and regulatory compliance
- Translate complex data and analysis into clear credit risk insights, proposals, and recommendations, driving implementation through the first line
- Use credit bureau data and analytics to support and enhance automated credit decisioning
- Support Credit Risk Committees and governance forums, contributing to effective risk-based decision-making
- Produce high-quality MI, risk analysis, and reporting for senior management, Executive, and Board-level audiences
- Apply advanced analytical and modelling techniques using tools such as SAS, Python, R, SQL, VBA, and Power BI
- Manage multiple workstreams in a fast-paced environment, delivering change and continuous improvement across credit risk frameworks
- Contribute to strengthening risk culture and supporting broader transformation and change initiatives across the business
- Operate effectively within UK mortgage regulation (including MCOB) and broader regulatory requirements
Experience and skills required:
- Experience in mortgage credit risk within a regulated UK lender (bank or building society)
- Proven experience developing, maintaining, and challenging credit risk policies and lending frameworks
- Background in assessing credit risk models, methodologies, and decisioning systems
- Experience working with both first-line credit functions and second-line risk oversight environments
- Deep understanding of UK mortgage lending regulation (e.g. MCOB) and responsible lending principles
- Experience using credit bureau data and supporting automated credit decisioning
- Strong analytical capability with experience producing MI, insights, and reporting for senior stakeholders
- Proficiency in analytical tools such as SAS, Python, R, SQL, VBA, or Power BI
- Mortgage lending experience (e.g. underwriting, credit risk, or collections), with Buy-to-Let (BTL) experience highly desirable
- Exposure to Credit Risk Committees and governance frameworks
Credit Risk Manager in Newcastle upon Tyne employer: Stellar Select Limited
As a Credit Risk Manager at our innovative bank in Newcastle, you will thrive in a supportive work culture that prioritises employee wellbeing and professional development. With generous benefits including a robust pension scheme, fully funded private healthcare, and extensive training opportunities, we empower our employees to grow and excel in their careers while contributing to the shaping of mortgage credit risk policies in a dynamic environment.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager in Newcastle upon Tyne
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Stellar Select Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Risk Manager in Newcastle upon Tyne
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Stellar Select Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Stellar Select Limited's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Stellar Select Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Stellar Select Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Stellar Select Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Stellar Select Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
