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 benefits, 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 management and strong analytical skills required.
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 Stockport employer: Vernon Building Society
Vernon Building Society is an exceptional employer that values its employees and fosters a supportive work culture, offering a competitive salary of £70,000 per annum along with comprehensive benefits including a generous pension scheme, health cash plan, and additional holiday perks. With a focus on growth and modernisation, the Society provides ample opportunities for professional development in a hybrid working environment based in Stockport, allowing employees to balance their work and personal lives while contributing to a community-focused organisation dedicated to customer care and employee well-being.
