Credit Quality Assurance Manager role at Allica Bank
About Allica Bank – Allica is the UK’s fastest growing financial technology (Fintech) firm. Our purpose is to help established SMEs, filling a major underserved opportunity in Fintech and supporting local communities.
Department Description – Allica’s Risk Department is the second line of defence (2LOD), providing robust support, insightful challenge and comprehensive oversight to first line activities. We collaborate with the bank’s strategic objectives, supporting innovative solutions and acting as key facilitators for bank success.
Role Description – This role ensures credit risks are appropriately monitored and managed. The Credit Quality Assurance Manager provides second‑line oversight, challenges credit risk management and assesses implementation and oversight of credit policy and lending standards.
Principal Accountabilities
* Develop and implement credit risk assurance plans and methodologies.
* Provide oversight and document findings on 1LOD’s compliance with credit policy and lending standards, offering clear recommendations to improve credit processes and support mitigation efforts.
* Set governance requirements for credit assurance, including business self‑assurance for first‑line underwriting teams, and provide regular monitoring and reporting across all portfolios.
* Provide an integrated view of the bank’s credit risk profile through development of comprehensive reporting, assessment of credit quality performance and emerging issues, recommending necessary actions.
* Liaise with key business stakeholders to support the maintenance of a credit assurance programme that covers thematic reviews, ad‑hoc requests on individual files or portfolios, and communicate any material issues and/or non‑compliance with approval conditions.
* Review and set key assurance risk metrics, including but not limited to credit quality at origination and in‑life stewardship, governance for use of delegated lending authorities, issue management, policy compliance and implementation.
* Provide independent validation of credit quality across the bank’s total portfolio and, where required, be part of the due diligence team for any potential portfolio acquisition. Validation activity should assess the financial and operational performance of new and existing business and compliance with regulatory requirements.
Personal Attributes & Experience
* Deep understanding of credit risk within the SME markets.
* Experience & knowledge of credit risk management frameworks.
* Experience working in a fast‑paced environment using credit data, credit policy, lending standards and risk appetite to assess qualitative and quantitative outputs.
* Knowledge of risk models such as PD & LGD and an ability to translate outputs into a clear report that can be used with stakeholders.
* Knowledge of a bank’s regulatory environment and knowing where to go for guidance and support.
* Familiarity with all risk types across a bank and ability to provide reasoned challenge.
* Flexibility to adapt quickly to changing priorities within a dynamic environment and work well with stakeholders across the business.
* Established self‑starter and ability to work under own guidance.
* Collaborative style of working, using the experience of the wider team.
Working at Allica Bank – We ensure our employees have the right tools and environment to succeed in their role and support our customers. Our benefits are designed with you in mind:
* Full onboarding support and continued development opportunities
* Options for flexible working
* Regular social activities
* Pension contributions
* Discretionary bonus scheme
* Private health cover
* Life assurance
* Family‑friendly policies including enhanced maternity & paternity leave
Flexible Working – Allica Bank is fully committed to flexible and hybrid working. Let us know what is best for you and we will accommodate.
Diversity – We’re a diverse bunch 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.
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