About the team: The Risk Assurance function brings together three core disciplines: Compliance Assurance, Credit Assurance, and Risk & Control Assurance. The team operates across both the UK and India, working as a single, integrated function. This collaborative model allows us to draw on a broad range of expertise, maintain consistent standards, and deliver high‑quality assurance across the Group. What you will be doing: The Credit Risk Assurance Team is a core part of Group Risk Assurance Function, providing independent, risk‑based assurance over the Bank's credit risk management and controls. Through a structured annual assurance plan, the team delivers targeted reviews across high‑risk portfolios, processes and decision points, ensuring material credit risks receive robust scrutiny and challenge. Joining the team means working with credit and assurance specialists across the UK and India to strengthen the Bank's credit control environment, promote consistency, and give senior stakeholders confidence that key credit risks are being effectively managed. As a Credit Risk Assurance Manager you will have the opportunity to deliver our Risk Assurance program, ensuring the organisation maintains adherence to regulatory requirements and internal policies. You will manage credit assurance thematic reviews, testing, and risk assurance activities, identifying and mitigating risks across business functions. You'll partner closely with teams across the business to champion a strong culture of risk management, compliance and credit awareness, offering valuable insights on credit risk appetite, controls and best‑practice processes. Your work will give you regular exposure to senior leaders, providing fantastic visibility and supporting your ongoing career development. You'll also have the opportunity to step up and deputise for the Senior Credit Assurance Manager when needed. The role is based in Chatham or Wolverhampton, and will require occasional travel to third parties, and to other business sites for meetings or training. This role will require occasional travel between the UK offices and third-party sites. Your responsibilities will include… Credit Assurance Plan Independently delivering and leading timely and robust Credit Assurance thematic reviews across the Group to assess the effectiveness of the Groups credit risk management practices, controls and programmes to confirm that the Group is operating within its policies and procedures and in line with applicable regulations. This includes the assessment of customer outcome across the full product lifecycle when necessary. Draft the Risk Assurance Review Notification (RARN) to a high professional standard Produce high quality final assurance reports that clearly articulate findings, risks, and recommendations Ensure assurance reviews are completed to the required standard and within agreed timelines Risk Assessment and Management Playing an active part in risk assessments, in collaboration with the Risk Assurance Senior Leadership team, identifying, quantifying, and prioritising financial and non-financial risks with a particular focus on credit risk. Stakeholder Engagement and Communication Building and maintaining effective relationships with key stakeholders, including Risk, Audit, Legal, and Operations, to support a strong credit risk culture across the organisation. Engage with stakeholders and manage their expectations throughout the review cycle. Provide regular updates to stakeholders on the progress of assurance reviews Team Leadership and Development Working very closely with the Risk Assurance Officers within the team, providing mentorship, support, and direction to ensure high-quality work and professional development. Take accountability for your work while leading by example to support a high‑performance team culture In return for your commitment: We offer a base salary dependent on experience and location of between £45,000 - £60,000 and a competitive benefits package including: Enhanced family-focused benefits Hybrid-working (3 days in office, 2 days from home) Please use this link to see the fantastic benefits available at OSB: OSB Careers About us: At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become 'the bank of the future'. Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace. Do you have the skills? We are looking for talented individuals who have the experience and knowledge set out below: Detailed knowledge of the MCOB, PRIN and COCON handbooks, FCA, PRA knowledge, as well as financial crime regulations is essential. Previous assurance experience completing thematic reviews with credit risk and/or financial risks focus. Previous experience of working within a Risk Assurance, Compliance Assurance and/or internal audit function within a regulated lending or banking environment is essential. Strong analytical and problem-solving abilities, with the capacity to interpret complex credit risk data. In-depth understanding of regulatory requirements, credit underwriting risk assessment methodologies, financial risks and industry best practices in lending. Next steps: If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply. Still on the fence? Hear from our team or explore our process: OSB Careers Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational - inclusive any individual reasonable support required. We want to bring out the best in you! Diversity, Equity & Inclusion Our team value spending time together in the office, typically 3 days a week to support collaboration and connection with colleagues, but we're happy to have a conversation about what flexibility might look like for you. Not sure if you meet the spec? Let us decide. Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don't feel like you need to check every box to apply for a role internally. We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds. INDHP