Head of Credit Risk Oversight- SME/Commercial3 days a week in ManchesterUp to £120K + great benefits*Must have commercial experience and right to work in the UK without sponsorship*You will lead the design, continuous development, and independent oversight of the management of credit risk.
This includes ongoing assessment of the quality of lending standards and portfolio management in adherence to risk appetite, lending policy and regulatory expectations.
You will create and manage an appropriate and effective credit risk management and control framework to ensure all material credit risks can be properly identified, evaluated, managed, and mitigated.Responsibilities:Owning the overall Credit Risk Appetite process, working with the front-line credit team to ensure the formulation of risk appetite in line with business and risk strategic objectives.
Formulate and lead the development of the bank's Credit Risk Management Framework setting out governance principles and protocols to be clearly documented within Lending Policies.
Deliver an effective credit oversight methodology, plan and capability covering all aspects of credit risk management across the bank.
Review large, complex, or high-risk transactions and Lending Policy exceptions, ensuring credit risk is appropriately managed and evaluated.
Oversee the Retail Asset Finance portfolio including development of arrears and the performance of models and scorecards Review credit risk management information and analysis provided by the front-line credit team, collating key information and data, and preparing summary reports and commentary for upward reporting to Executive and Board Risk Committees.
Chair the Oversight Credit Committee – a sub-committee of the Executive Risk Committee responsible for the ongoing monitoring of credit risks across the bank.Member of the Transaction Credit Committee – a sub-committee of ERC with the highest credit mandate in the bank, reviewing and approving the largest and/or most complex transactions.Review and challenge of credit risk modelling inputs and outputs, including IFRS9 provisioning policy and its implementation.Coaching and training of first line staff in credit and commercial teamsActively build and seek effective relationships with key external regulatory / trade bodies / specialists to provide forward looking insight into potential changes to credit policy, risk appetite and credit management practices.
Requirements:Strong financial services background In-depth knowledge of the UK SME / Commercial credit industry and experience of credit risk management within banking / financial sectorDemonstrable knowledge of FCA and PRA regulation and principles for credit risk coupled with an internal control's mindset The ability to present to Executive and Board level committeesThe ability to build effective relationships with both internal and external stakeholders Proven ability to negotiate and influence at a senior levelSelf-motivated with ability to deliver on business-critical projects.Send your CV to ******