Impairment Manager

4 weeks ago


United Kingdom Redefined Ltd Full time

Impairment Manager, you will be responsible for activity that faces directly in to Group Finance & Treasury. The role is responsible for all non-model-driven Expected Credit Loss calculations, from the assessment of potential approaches, identification of the appropriate judgement and collation of robust documentation justifying the approach. Working closely with other 1st line colleagues (Collections/Recoveries, Corporate Portfolio Directors , 2nd line risk, Group Finance) and external stakeholders (external auditors), you will co-ordinate the monthly, quarterly and annual actions required for the efficient management of post-model adjustments to Together's ECL model. The role will also co-ordinate any other credit & portfolio initiatives that support Together's financial or liquidity management strategies.

As an Impairment Manager , we are looking for someone to:

  • Take ownership of all post model adjustment and over-rides to Together's provision / ECL calculations
  • Maintain thorough and robust documentation and evidence supporting all PMA's
  • Lead engagement with operational teams, 2nd line risk, Group Finance and Treasury colleagues relating to Credit & Portfolio strategies that influence those areas
  • Develop and monitor the effectiveness of operational strategies that optimise the levels of lending that are ineligible for SPV's
  • Lead the 1st line input into annual and quarterly external audits
  • Translate and communicate complex impairment approaches into clear proposals (containing options and recommendations) for non-technical audiences
  • Maintaining comprehensive governance, procedures and records
  • Lead groups of stakeholders and working closely with external parties (e.g. external auditors)

Qualifications

Essential

  • Experience in a secured lending credit risk environment
  • Experience of modelling risk scenarios
  • Proven experience in data analysis using quantitative analytic tools, and using analysis to drive strategic change
  • Strong understanding of the fundamental concepts of credit risk management
  • Strong stakeholder management skills
  • Advanced Excel skills
  • Experience with data visualisation software (e.g. Power BI)

Desirable

  • Real Estate experience
  • Experience of people management and development of high performing analytical teams

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