Head of Credit/ Portfolio Risk Manager
JOB DUTIES:
Independently and collaboratively develop, lead and execute credit risk strategies in partnership with the business to maximise risk adjusted returns. Remove obstacles to successful deployment
Initiate and implement credit enhancements, including validation and testing of credit risk strategies across the portfolio life cycle, spanning: products; customers; operations; distribution; the network, internal risk and external stakeholders
Initiate and conduct investigative analytics as the basis for independently developing custom commercial strategies, policies and processes that positively impact risk adjusted returns, process effectiveness and efficiency
Ensure technical requirements for risk strategies and implementation are clear, with defined measures of success, follow industry best practice and are understood by all stakeholders. Provide a high degree of technical competency to deliver sustained income benefits
Utilise and recommend developments to the credit risk management infrastructure, systems, tools and technology of the group to optimise effectiveness and efficiency of resources used
Review, challenge and change established structures, policies and processes affecting credit risk portfolio performance, reducing cost, improving effectiveness and enhancing risk adjusted returns
Facilitate the development of data and MI to enhance decision making and transparency of decisions
Act as the subject matter expert, produce analysis, forecasting and interpretation, facilitating credit risks contribution to portfolio financial planning to ensure plans are robust and achievable. Escalate and influence senior management where plans fall short or risks are not properly addressed
Manage the deployment and development of a specialist team of Risk Portfolio Managers and specialist Analysts
JOB ENVIRONMENT:
Stratification of a bank portfolio, either personal, mortgages or SME (commercial). Knowledge of the regulatory framework is a pre-requisite for the role but the ability to think and develop strategies that maximise the risk adjusted returns within the regulatory framework is essential. The role will be responsible for challenging and developing internal rules, procedures and policies to optimise return, not to be bound by them.
Drive and facilitate the development of technical systems that enable both complex modelling, which the team and individual will undertake, but also development of executive information that is investigated and intelligently commented, using subject matter expertise, for submission through the bank governance structures.
Investigative analytics and commercial strategy development, conducting complex analytical investigations of credit management processes, systems and strategy to design and deploy commercial solutions that optimise risk taking through effective test and learn strategies.
A significant level of banking and risk experience, across the credit lifecycle, is required to influence and deliver a different strategic approach or optimisation of an existing approach outside previously constraints.
Extensive knowledge of strategy systems and receivables platforms is a pre-requisite.
OUTPUT AND RESULTS:
A champion of analytical and commercial thinking, and credit risk strategy development. Delivering portfolio performance that is viable and clearly understood, through strategies that are deployed to test contemporary thinking and maximise risk adjusted returns:
Not to write policies but challenge and develop thinking to optimise strategies that require policies to be re-written
Influences and direct all aspects of the credit lifecycle, for example: how we sell a product, what authorities individuals get, the pricing, the operational process to acquiring customers, systems and processes adopted, subsequently how a customer is managed and collected
Governance and associated the decisions would be made on own initiative and where appropriate a paper put to the appropriate governance channel for authorisation, typically Committee, LT, ERC or BRC.
ORGANISATIONAL POSITION:
The role reports to the Head of Portfolio Risk Management but will be required operate independently to influence and direct at all levels of the senior risk leadership and senior management levels within the organisation, specifically operations, products, FSG, distribution and the LT. The role is key to deploying portfolio specific strategies that enable the bank to achieve it strategic objectives and viability, with attendance at credit and risk committees as required.
NECESSARY EXPERIENCE:
Degree educated
5 years as a senior risk manager with proven ability to operate and engage cross functionally and as an effective member of the senior risk leadership team.
Demonstrable in-depth credit risk experience of personal, mortgage or SME (commercial) portfolios, with broad experience across a range of risk disciplines, from credit management to technical model development, strategy development and systems deployment. Must be able to demonstrate a practical knowledge as well as developed management and leadership skills.
MICM or equivalent
Technical competencies: SAS or SLQ; strategy management software; scorecard development; knowledge of capital modelling; provision models; PL; Project management experience - 6 Sigma / Prince 2.
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