Reporting to the Chief Risk Officer, the role holder will be responsible for ensuring the Credit Risk function meets its objectives of risk control, impairment management, revenue generation through a credit lifecycle, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability.

Requirements

• Oversee the identification, assessment, and mitigation of credit risks across the bank's portfolio including personal loans, overdrafts and forward flow funding;
• Ensure credit policies and procedures are robust, align with regulatory requirements, and support the organisation’s strategic objectives, including PD, LGD, EAD, and Expected Loss models; 
• Provide oversight and challenge of credit underwriting standards, portfolio balance, and impairment frameworks and models; 
• Independently report on quality of the credit portfolio, optimise risk reward balance, and foster a culture of prudent risk management;  
• Make contributions to the credit risk appetite process for the Bank;
• Develop the stress testing requirements under the ICAAP;
• Provide credit expertise input into the SWDP and RRP;
• Ensure optimal compliance with PRA/FCA regulations and support regulatory interactions 
• Ensure implementation and compliance of the consumer data protection principles in relation to credit processes;
• Drive transformation initiatives across credit policies, systems, and workflows; 
• Lead the credit risk components of New Product Approvals and Annual Reviews. 

Individual Conduct Rules: 

Rule 1: You must act with integrity. 

Rule 2: You must act with due skill, care and diligence. 

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators. 

Rule 4: You must pay due regard to the interests of customers and treat them fairly. 

Rule 5: You must observe proper standards of market conduct.

Requirements:

• 10 years experience within UK financial services;
• A degree in business administration in either Finance, Business, Economics, Mathematics/Statistics;
• In-depth understanding of the credit risk and requirements for both secured and unsecured lending;
• IFRS9 proficient and application;
• Exposure to the other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) will be an added advantage; 
• Previous experience in dealing with the following products: unsecured personal loans, overdrafts and forward flow financing.