Senior Credit Risk Manager

3 weeks ago


London Area, United Kingdom Alexander Barnes Full time

Alexander Barnes has partnered with a UK consumer lending FinTech that provides a range of lending products across loans and credit cards. Reporting to the CFO and Board this person will be tasked with the strategy and execution of their credit and risk function.


The Head of Credit Risk will play a pivotal role in overseeing the credit risk management framework for the credit card receivables portfolio.


This position is responsible for the identification, measurement, and monitoring of credit risk metrics, ensuring compliance with risk appetite and funding covenants as well as discussing with the wider team strategies to realign risk to acceptable levels. The ideal candidate will bring a strategic approach to risk management, using data-driven insights to enhance decision-making and maintain the balance between risk and reward.


Responsibility


  • Lead the development and implementation of credit risk measurement methodologies.
  • Monitor the credit card receivables portfolio for risk exposure, trends, and anomalies, implementing corrective actions as needed.
  • Oversee the performance of credit risk models and strategies, ensuring they are accurate, compliant, and effective in managing risk.
  • Presenting credit risk insights to senior internal and external stakeholders.
  • Collaborate with cross-functional teams, including Analytics, Finance, and Operations, to integrate credit risk considerations into business decisions and product development.
  • Manage relationships with regulators, auditors, and other external parties regarding credit risk management practices.
  • Provide leadership and development opportunities to the credit risk team, fostering a culture of continuous improvement and risk-awareness.
  • Prepare and present risk reports to senior management and the board, highlighting risk exposures, trends, and strategic risk management initiatives.


Essential Skills and Experience


  • Bachelor’s degree in Finance, Economics, Statistics, or a related field; Master’s degree or professional certification (e.g., CFA) preferred.
  • Minimum of 8 years of experience in credit risk management, with a significant focus on credit card products.
  • We would also consider people from a credit-rating background
  • Proven track record of developing and implementing risk management strategies and policies.
  • Strong analytical and quantitative skills, with experience in risk modelling and analysis.
  • Excellent leadership and team management abilities, with a commitment to developing talent.
  • Strong communication and interpersonal skills, capable of interacting with stakeholders at all levels.
  • In-depth knowledge of regulatory requirements and industry best practices related to credit risk.
  • Experience with working at a rating agency or with rating agencies advantageous.


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