Credit Risk Analyst- Scorecards

Credit Risk Analyst- Scorecards

£50K + car scheme options

Very flexible hybrid working

• Motor finance experience strongly preferred
• Scorecard development experience is essential

Main Responsibilities:

• To provide daily operational support in the management of the Retail portfolio
• Portfolio Health Monitoring – Track delinquency, arrears, write-offs and overall cost of risk; flag deteriorating segments promptly
• Risk Dashboards – Build and maintain dashboards and management information on key risk indicators, affordability and underwriting performance
• Policy & Process Optimization – Propose and implement changes to credit policy, underwriting rules and the decision engine to balance approval rates with expected loss
• Risk Budgeting & Provisioning – Contribute to risk budgets, forecasts and the calculation/validation of specific and general provisions
• Regulatory & Investor Reporting – Prepare FCA affordability reports, monthly management packs and historical securitization data for investors
• Cross-Functional Collaboration – Work with Underwriting, Collections, Finance and other stakeholders to drive remedial actions on high-risk accounts and improve end-to-end credit quality
• Present in the bi-monthly Credit Committee to Senior Management Team on any related Credit topics
• Recommending changes to Credit Policy to hit Underwriting SLA, maximise Accept Rates whilst maintaining Cost of Risk
• Responsibility for Monthly Management Reporting for Europe HQ
• Regular reviews with external suppliers such as Experian to assess performance of the underwriting scorecards
• End to end model ownership: from data extraction and feature engineering to validation and deployment
• Conduct model monitoring and performance analysis: regularly assess back testing results and recalibrate when needed
• Deliver predictability and control of bad debt performance to a planned level of loss
• Cross-Functional Collaboration – Work with Underwriting, Collections, Finance and other stakeholders to drive remedial actions on high-risk accounts and improve end-to-end credit quality
• Analyse performance of underwriters and collections agent with follow up coaching when required
• Create on the job training plans to help assist the credit and collections team reach full potential
• Assist with the drafting and development of internal Credit and Collections procedures

The ideal candidate will have:

• Previous scorecard writing experience
• Degree and 3+ years' credit-risk experience, ideally in automotive or consumer finance.
• Extract, engineer and analyse data to develop and validate scorecard models and pinpoint areas of strength or weakness
• Responsibility that all models adhere to internal standards and regulatory expectations through documentation and monitoring
• Excellent oral and written communication skills are essential together with proven complex analytical and decision-making skills
• Strong analytical and documentation skills, in particular data analysis as well as attention to detail
• Ability to communicate and negotiate change
• Willingness to work towards achieving goals in a changing and challenging environment
• Driven to take the initiative to improve systems, processes and the delivery of management information
• Improve systems, processes, and business practices
• A strong understanding of business strategy and how to align scorecard metrics with organizational objectives
• The ability to explain complex data and model outputs clearly to both technical and non-technical stakeholders
• Solid understanding of lending products and credit risk lifecycle
• Advanced analytical skills and capability to operate with reporting tools (Excel, SAS, Access…)
• Familiarity with UK/FCA regulations and best practices in credit-risk management.

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