Senior 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.
Send your CV to nmohamed@merje.com
*No sponsorship provided*