Job Opportunity: Credit Risk Manager
An exciting opportunity has arisen for a Credit Risk Manager to join a prestigious foreign bank based in Central London. This is an office-based role offering a salary of £75,000 and benefits.
As a Credit Risk Manager, you will report directly to the Head of Risk Management and Regulatory Compliance. Your role will support customer-facing 'first line' business functions and collaborate with the bank's risk committees, including the Management Credit Committee (MCC) and the Board Credit Committee (BCC).
Key Responsibilities:
- Analyze mortgage and loan applications to assess creditworthiness, financial background, and repayment ability.
- Evaluate loan/mortgage products, terms, conditions, pricing, and covenants.
- Support customer relationship managers to ensure excellent service, prompt decisions, and clear communication of terms.
- Monitor and report on loan portfolio performance, identify trends, and improve the credit risk profile.
- Prepare and present credit risk reports and management information regularly.
- Maintain and update credit risk policies in line with market conditions and the bank's objectives.
- Monitor loan arrears, gather relevant information, and generate regular reports.
- Manage mortgage broker selection and oversight policies.
- Review underwriting and decision-making processes for compliance with loan conditions.
- Review credit risk model outputs, including expected credit loss (ECL) and IFRS9 calculations.
- Conduct stress testing on the loan portfolio and support the ICAAP process.
- Assist in regulatory matters and meetings alongside the Head of Risk Management and executives.
Key Experience:
- Experience as a Credit Risk Manager, Analyst, Officer, or similar role.
- Background in credit risk management within UK-regulated financial services.
- Strong knowledge of UK regulations (PRA, FCA), including Consumer Duty and Basel 3.1.
- Understanding of banking operations, including retail banking, mortgages, and SME lending.
- Ability to present to and influence senior stakeholders and committees.
- Proficiency in Microsoft Office, especially Excel, Word, and PowerPoint.
- Good understanding of financial services processes, procedures, and controls.
Apply now to join a dynamic team and advance your career as a Credit Risk Manager.
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