Credit Risk Policy Manager recruitment

Purpose of Role

The role holder will manage the credit risk appetite and control framework for the company. The key responsibilities of the role include:

• Managing the credit control framework, ensuring that the global credit control framework is effective in both design and operation, minimising the number of avoidable credit losses incurred.

• Oversight of credit procedures and process guidelines for core segments, ensuring they provide a robust control environment and effective delivery of credit to clients.

• Provide support to the Head of Credit Risk Appetite Control in the development and implementation of credit risk policies and procedures, ensuring they are aligned with the company’s credit risk appetite.

• Assist the Head of Credit Risk Appetite Control to providing leadership and direction for the credit risk appetite of the company, through regular interaction with all areas of the business and assessment ⁄understanding of all new products and business areas.

Core Accountabilities

This is a central role within the global Credit Risk team, and requires an individual with commercial acumen, significant amounts of initiative, excellent interpersonal skills and an ability to interact with senior personnel in a fast paced business environment.

Credit Control Framework

Enhance the credit control framework within the company, through identifying key controls and undertaking appropriate risk control assessments with different business areas to assess their compliance with the controls. This may require the role holder to undertake ad-hoc credit control visits, measuring conformance to all company policies, procedures and standards. Monitor and track all identified actions identified through the control framework and ensure effective resolution of issues raised through maintaining an interactive relationship with the relationship⁄sales and other stakeholders.

Credit Risk Policy and Procedures

The role holder will provide support to the Head of Credit Risk Appetite Control in the development and implementation of new credit policy and changes to existing policy. This will be achieved through active liaison with the company’s credit segment heads, front office business areas, group risk and other bank clusters.

The role holder will also manage process guidelines for core business segments, ensuring they provide a robust and clearly understood control environment. The role also requires a sound knowledge of local regulatory requirements and understanding of regulatory changes that may impact on credit policy.

The role holder will be required to take responsibility for the management of the company’s Credit Risk Management Committee, including providing content and presentation of policies and reports, as well as being responsible for the annual review of credit policies.

Credit Risk related projects

The role holder will provide ad hoc support to various project teams (for example, end-to-end credit process design, and advanced internal ratings based approach (AIRB) project) that enhance the credit control environment, for example, improving the end-to-end credit application system.

New Products

The role holder will review and consider the impact of new products from a credit risk perspective and ensure credit risk appetite and framework is developed and adapted for new products.

The role holder will provide briefings and guidance notes as required to the Credit Risk team on all new products. Define conditions and actions for all new product launches where there is a credit risk impact. Where appropriate, co-ordinate changes to policy as a result of new product launches. This may include the preparation and presentation of papers for committee approval.

Key Clients (Internal and External)

The role holder will have a number of key clients mainly internal within Credit Risk, Credit Operations, Legal, Credit Solutions and Structuring and all front office business segments. The role holder will also have some Interaction with external parties (e.g. valuers) from time-to-time.

Role Requirements

Business Skills

The right candidate will demonstrate a personal commitment to continuing to develop their business skills. They will have a strong intellect balanced by a practical, proactive and pragmatic approach. Excellent communication and presentation skills are essential. They will have the ability to work under pressure towards tight deadlines and have excellent negotiation and influencing skills.

Technical Knowledge

The right candidate will have an excellent understanding of the end-to-end credit process combined with a detailed knowledge of credit risk. Solid knowledge of credit products is required.

Academic and Professional Qualifications

Financial services experience, an excellent academic record (educated to degree level, minimum degree 2:1) and ⁄or be qualified to the expected industry standard, for example ACIB, ACCA or equivalent.

Personal Attributes

Results driven, flexible and professional under pressure; excellent time management skills and focused on both personal and team objectives. The successful candidate will contribute positively to the organisational culture, working collaboratively with others in high-performance teams. They will continually seek improvement personally and for the business and demonstrate a deep awareness and adherence to all regulatory requirements, following best practice processes, procedures and displaying professionalism at all times.