At a Glance
- Tasks: Oversee credit risks and ensure financial resilience while supporting sustainable growth.
- Company: Join Vernon Building Society, a century-old institution focused on modernisation and colleague experience.
- Benefits: Enjoy a competitive salary, generous holiday, health insurance, and a pension scheme.
- Other info: Be part of a caring employer that values community and employee success.
- Why this job: Make a real impact in risk management while working in a hybrid role.
- Qualifications: Experience in credit risk and strong analytical skills are essential.
The predicted salary is between 70000 - 70000 £ per year.
Permanent: Full-time Salary: £70,000 per annum (Mid-Market 80%-120% range depending upon skills and experience) plus full employee benefits.
It’s an exciting time to be part of Vernon Building Society. With over 100 years of heritage and significant recent investment, we’re focused on growth, modernisation, and creating an exceptional colleague experience.
We are now looking for a Prudential & Credit Risk Manager to join our team at Head Office. Following the successful probationary period, this position will then be a hybrid role working on site in Stockport for 3 days per week and 2 days per week working from home.
This role will provide second-line oversight, challenge, and assurance across prudential and credit risks, ensuring the Society remains financially resilient, well-capitalised, and compliant with regulatory expectations. The role supports the Chief Risk Officer (CRO) in maintaining a robust risk management framework while enabling sustainable growth and member value.
- Experience in the Building Society sector, mutual sector, smaller bank or specialist mortgage lender.
- Strong comprehension of capital adequacy, net interest margin (NIM) pressures, retail funding stickiness, and MREL rules specific to mutuals.
- Ability to interpret regulatory expectations.
- Strong analytical and stress testing skills.
- Detailed knowledge of PRA prudential requirements, including ICAAP, ILAAP, recovery planning, solvent exit planning, capital and liquidity risk.
- Knowledge of portfolio mortgage credit risk, including concentration risk (size, LTI, LTV, IO), arrears and portfolio monitoring.
- Experience reviewing or challenging regulatory returns, management information, risk appetite metrics or Board/Committee risk reporting.
- Strong Excel skills, including the ability to analyse large data sets, use formulas, pivot tables and charts, and produce clear risk MI for management reporting.
- Excellent time management and self-motivation, able to work on a range of short and long-term projects.
Benefits include:
- Pension scheme (7.5% employer contributions rising to 10% after 2 years) following pension auto enrolment criteria after a 13-week postponement period.
- Salary exchange for pensions arrangement.
- 25 days holiday (plus statutory bank holidays), increasing to 27 after 2 years.
- Health Cash-Plan.
- Healthcare Insurance.
- Birthday holiday.
- Employee Assistance Programme.
- Cycle to work scheme.
- Retail discounts package.
If you want to work with an employer who cares about their customers, local community, and employees, and have a passion to succeed, then click the Apply button and attach your CV.
Vernon Building Society is committed to promoting equal opportunities in employment. Any applicant will receive equal treatment regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (Protected Characteristics).
Credit Risk Manager (Permanent) in Manchester employer: Vernon Building Society
Vernon Building Society is an exceptional employer, offering a supportive work culture that prioritises employee well-being and professional growth. With a competitive salary and comprehensive benefits package, including a generous pension scheme and flexible hybrid working arrangements in Stockport, we foster an environment where colleagues can thrive while contributing to our mission of community-focused financial services. Join us to be part of a century-old institution that values its employees and encourages a passion for success.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager (Permanent) in Manchester
✨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.
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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 Vernon Building Society. 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 (Permanent) in Manchester
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 Vernon Building Society.
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 Vernon Building Society'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 Vernon Building Society
✨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 Vernon Building Society.
✨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 Vernon Building Society 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 Vernon Building Society 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.
