Kind Consultancy is working with a succesful, growing alternative Financial Services business which is currently seeking a Head of Credit Risk to join them in a full-time, permanent role primarily based in their West Midlands offices, paying a competitive annual salary.
All the relevant skills, qualifications and experience that a successful applicant will need are listed in the following description.
The Head of Credit Risk will lead and manage the Credit Risk function,, ensuring effective identification, assessment, mitigation and reporting of credit risk across all portfolios, including horizon scanning and emerging risks, with key responsibilities including:
Developing Credit Risk and Treasury Credit Risk Strategies establishing a comprehensive credit risk framework, including policies, procedures, risk appetite and KRIs.
Ensure the Credit Risk framework is up to date, reflecting the current economic climate and feedback from Credit Underwriting, and balancing risks with growth ambition
Overseeing of credit risk assessments across lending portfolio, ensuring appropriate risk grading and impairment provisioning
Working with the Finance, Treasury and Regulatory Reporting teams, providing credit expertise to refine models and assumptions used for capital allocation, stress testing and financial reporting.
Leading and managing the Business Restructuring Team; managing deteriorating credit risk connections within appetite, protecting the organisation's exposure and agreeing work-out strategies to minimise the risk of loan impairment/loss
Conducting appropriate sector/portfolio reviews; managing the credit risk portfolio, identifying and mitigating emerging risks and trends, performing horizon scanning
Ensuring compliance with relevant credit risk regulations and guidelines (including those issued by PRA, FCA & LSB)
Fostering a culture of risk awareness and accountability
Building and maintaining effective relationships with relevant stakeholders (internal and external), including regulators, internal and external audit
Raising credit risk and stewardship awareness and knowledge.
Completing monitoring and thematic reviews of credit and relevant risks (e.g. impact, reputation, PII) across the organisation and relevant third parties
Sample checking of loan applications; providing assurance of operating within policy/limits
Providing MI to the Board Risk Committee and Credit Committee
Representing Credit Risk Management at relevant Risk Committees
Providing regular, accurate credit risk reports to CRO and relevant Committees.
Supporting and/or standing in for CRO at Board Risk Committee, presenting view on credit risk performance and trends.
Our ideal candidate for the Head of Credit Risk opportunity:
Must have extensive experience of Credit Risk assessment within UK banking
Demonstrates a strong understanding of credit risk frameworks, policies, methodologies and regulation
Has a proven ability to implement credit risk frameworks and monitoring
Displays strong knowledge and experience of work-out strategies and turnaround (recovery) of problem debt cases
Has strong analytical and problem-solving skills, pragmatic and excellent communication skills.
Is an excellent communicator, able to interface with a variety of audiences
Holds a relevant professional qualifications (e.g. CICM) and/or has 10+ years of experience in a Credit Risk/Commercial Leadership role.
Has experience of dealing with Board/regulators/internal and external audit
If you have the necessary skills, knowledge and experience, are based in or can commute to the West Midlands and are interested in the Head of Credit Risk opportunity, please apply with an updated CV today.
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