Credit Risk Oversight Manager

2 weeks ago

London, United Kingdom Allica Bank Full time

About Allica bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

The Risk department at Allica Bank serves as a key component of the Second Line of Defence, dedicated to ensuring robust management of credit risk across the organisation.

The Risk team plays a pivotal role in providing challenge and oversight on the credit risk components of the bank’s IFRS 9 model, maintaining the integrity and precision of the bank’s risk management framework. Our work is essential to supporting Allica’s continued growth while maintaining a strong and resilient risk management culture.

Role Description

The Credit Risk Oversight Manager is expected to support the provision of Second Line oversight and challenge credit risk management. The role will be expected to ensure that credit risk strategies, policies, models, and tools comply with the appropriate Risk Management Frameworks, internal standards, and regulatory requirements.

As a Credit Risk Oversight Manager, they will be expected to assist the Head of 2LOD Credit Risk in developing and overseeing statistical risk models within the bank.

Principal Accountabilities

  • Review and challenge credit risk lending strategies.
  • Validate credit risk models and strategies to ensure accuracy and reliability.
  • Produce reports summarising the validations, highlighting areas for potential improvement.
  • Provide oversight of the implementation of credit risk models and strategies.
  • Review credit portfolio monitoring including model and strategy monitoring to ensure ongoing performance and compliance.
  • Perform periodic audits of credit risk tools including models and automated strategies to ensure ongoing compliance and performance.
  • Keep abreast of the latest developments in credit risk management, modelling and regulatory requirements to ensure best practices are followed.
  • Collaborate across different business areas and communicate effectively at all levels of the bank

Personal Attributes & Experience

  • Knowledge of credit risk management tools across the range of SME customers. This includes both manual underwriting and automated decisioning.
  • Deep understanding of credit risk models and automated strategies, including development, validation, and implementation.
  • Experience in Python programming.
  • Expertise in statistical and mathematical techniques used in risk modelling.
  • Familiarity with regulatory requirements and standards related to credit risk management and model risk management.
  • Ability to analyse large datasets to assess model performance and identify potential issues.
  • Meticulous attention to detail to ensure models meet all internal and external standards.

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

  • Full onboarding support and continued development opportunities
  • Options for flexible working
  • Regular social activities
  • 25 days holiday – with the option to Buy/Sell
  • Pension contributions
  • Discretionary bonus scheme
  • Private health cover (with the option to add family members)
  • Life assurance
  • Income Protection
  • Family friendly policies including enhanced Maternity & Paternity leave
  • Season ticket loans

  • Credit Risk Oversight Manager

    3 weeks ago

    London, United Kingdom Allica Bank Full time

    About Allica bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely...

  • Credit Risk Oversight Manager

    3 weeks ago

    London, United Kingdom Allica Bank Full time

    About Allica bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely...

  • Credit Risk Oversight Manager

    3 weeks ago

    London, United Kingdom Allica Bank Full time

    About Allica bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely...

  • Credit Risk Oversight Manager

    3 weeks ago

    London, United Kingdom Allica Bank Full time

    About Allica bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely...

  • Oversight Manager Credit Risk

    2 weeks ago

    London, Greater London, United Kingdom Allica Bank Full time

    Job DescriptionWe are looking for a highly skilled Credit Risk Oversight Manager to join our team at Allica Bank. This is a key role within the Second Line of Defence, responsible for ensuring robust credit risk management across the organisation.Key ResponsibilitiesStrategy Review: The successful candidate will review and challenge credit risk lending...

  • Oversight Manager

    3 weeks ago

    London, Greater London, United Kingdom Allica Bank Limited Full time

    What We're Looking ForWe are seeking a seasoned Credit Risk Oversight Manager with a proven track record of delivering high-quality risk analysis and advice. The ideal candidate will have extensive knowledge of credit risk management tools, experience in Python programming, and a deep understanding of credit risk models and automated strategies.You will be...

  • Credit Risk Oversight Manager

    3 weeks ago

    London, UK, UK, United Kingdom Allica Bank Full time

    About Allica bank Allica is the UK’s fastest growing company - and the fastest-growing financial technology (fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely...

  • Credit Risk Oversight Professional

    1 day ago

    London, Greater London, United Kingdom Starling Bank Full time

    Job DescriptionWe are seeking a highly skilled Head of Credit Risk Oversight to join our team. As a key member of our second line of defence, you will develop, implement, and maintain a robust credit risk framework that supports our strategic objectives while meeting regulatory requirements.Responsibilities* Develop and implement effective credit risk...

  • Credit Risk Oversight Manager

    3 days ago

    London, United Kingdom eFinancial Careers Full time

    The Role: - To oversee the growth of the businesses mortgage portfolio, with a key focus on Buy-to-let - Review asset quality for secured and unsecured portfolios - Provide ad-hoc analysis on portfolio performance and o understand drivers of movements. - Review policies and processes for underwriting - Run the build out of risk reward models and setting...

  • Credit Risk Oversight Specialist

    2 weeks ago

    London, Greater London, United Kingdom Saxton Leigh Full time

    About Saxton Leigh: Saxton Leigh is a renowned corporate bank dedicated to providing innovative financial solutions to clients across various industries. Our team of experts works tirelessly to deliver exceptional results and build long-term relationships with our partners. We are now seeking a highly skilled Credit Risk Oversight Specialist to join our team...

  • Head of Credit Risk Oversight

    1 day ago

    London, United Kingdom Starling Bank Full time

    Hello, we’re Starling. We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way. We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify...

  • Credit Risk Oversight

    7 days ago

    London, United Kingdom Projecting Full time

    Projecting is looking for a Credit Risk Oversight consultant to join our team. The role is to assist one of our clients who is an established player within the risk area of the Financial Services Sector. This role will be inside of IR35 and the contract will be arranged through an umbrella company. Start date: ASAP Duration: 6 months Mix between office...

  • Risk Oversight Manager

    2 days ago

    London, Greater London, United Kingdom Starling Bank Full time

    Company OverviewStarling Bank is a fully licensed UK bank that has disrupted the traditional banking industry with its fast-paced and innovative approach. We are committed to making banking fairer, easier to use, and accessible to everyone.We are looking for a highly skilled and experienced professional to join our team as a Head of Credit Risk Oversight....

  • Risk Oversight Specialist

    3 weeks ago

    London, Greater London, United Kingdom Paritas Recruitment - Risk Full time

    Risk Oversight Specialist PositionWe are seeking an experienced Risk Oversight Specialist to join our team in London.As a key member of our operational resilience and third-party oversight team, you will be responsible for ensuring compliance with DORA and managing third-party relationships.Key qualifications include strong knowledge of the FCA/PRA...

  • Credit Risk Strategy

    7 months ago

    London, United Kingdom JPMorgan Chase & Co Full time

    **JOB DESCRIPTION** If you are intellectually curious and have a passion for driving financial assistance solutions for a new digital bank with a cross functional team that is pushing customer experience boundaries, you may be the perfect fit for our team. **Responsibilities**: - Oversees the credit risk strategies and mandates in place to maintain...

  • Credit Administration Officer

    3 weeks ago

    London, Greater London, United Kingdom Bank ABC Full time

    **Job Description:**As a Credit Administration Officer - Risk Oversight, you will play a critical role in ensuring the effective management of credit risk at Bank ABC. You will be responsible for overseeing the monitoring of facility conditions, financial and non-financial covenants, and information undertakings, as well as managing post-approval credit...

  • Trade Credit Risk Manager

    2 weeks ago

    London, Greater London, United Kingdom Nexus Trade Credit Full time

    Company OverviewNexus Trade Credit is a specialist trade credit insurer within the Nexus Group with offices in five countries.Job SummaryWe are seeking an experienced Risk Underwriter to join our busy underwriting team. The successful candidate will be responsible for analysing domestic and export risk, assessing and agreeing credit limits, and monitoring...

  • Risk Oversight Specialist

    1 week ago

    London, Greater London, United Kingdom Afriwallstreet Full time

    About the RoleAfriwallstreet is looking for an experienced Risk Oversight Specialist to oversee our loan portfolio and ensure that all credit risk management policies are effectively implemented.In this role, you will develop and maintain risk management frameworks to mitigate potential credit risks and enhance overall risk management practices. You will...

  • Credit Risk Manager

    3 weeks ago

    London, Greater London, United Kingdom Buckden Partners Full time

    We are looking for a skilled Credit Risk Manager to oversee the entire credit risk lifecycle, from setting frameworks and policies to underwriting and portfolio monitoring.ResponsibilitiesStrategic Leadership: Provide independent, expert advice to the CEO and Board on credit risk and portfolio management strategies.Credit Risk Oversight: Ensure a seamless...

  • European Credit Risk Manager

    1 day ago

    London, Greater London, United Kingdom Bridgeway Credit Union Full time

    Bridgeway Credit Union is seeking an experienced European Credit Risk Manager to join their team in London. This critical role will be responsible for identifying and mitigating potential risks associated with trading European corporate bonds.Key Responsibilities:Monitor and manage risk exposure related to trading European Corporate BondsDevelop and...