Credit Risk Manager


About the role

As the Credit Risk Manager at The Cambridge you’ll be in a newly created role leading the Society’s approach to credit risk management.

You’ll be based within a growing, well respected Risk Department, reporting into the Chief Risk Officer.

You will be driving real change by shaping the Society’s approach to credit risk management.

Needless to say, you’ll be an experienced retail banking credit risk professional with excellent technical and analytical capabilities, and enjoy working with stakeholders across the business, be pro-active and a self-starter.

We can’t wait to meet you.

Salary and working hours

Salary £50,000.00-60,000.00 per annum dependent on experience

Monday to Friday 8:45am - 5:00pm (36.25 hours per week)

We will also consider part time applications

What you’ll be doing day-to-day

Act as the second line of defence for credit risk

Lead the journey to embed the three lines of defence model for credit risk

Develop the mortgage credit risk appetite and limits

Second line of defence reviews of underwriting policy and residential lending policy

Own and improve credit risk reporting for MCC, Risk Committee and Board

Own the watchlist process, including reviews of commercial lending, high risk residential cases and arrears cases

Support the development and improvement of the affordability model

Define and carry out mortgage credit stress testing

Develop and embed a PD credit risk model for portfolio analysis, with potential for credit decisioning

Conduct thematic and portfolio credit risk reviews

Author new business lending review and develop other lending review documents

Carry out risk reviews of new product developments

Horizon scanning and emerging risk analysis for mortgage credit risk

Arrears, forbearance and impairment analysis

Identify and implement regulatory change

Support Finance team in impairment modelling

Draft reports for MCC, Executive, Risk Committee and Board

You will be someone with

Significant credit risk experience, ideally in the second line, in retail banking

A good understanding of the UK mortgage market

Excellent analytical capability and a good understanding of modelling. Strong attention to detail

The ability to write clear, useful, technical analysis for senior management

The ability to engage and effectively influence stakeholders across the business and be a team player

Degree level education, or equivalent experience

Experience supporting and developing junior risk analysts

The Cambridge will reward you with

An attractive remuneration package including:

Hybrid working arrangement

Annual holiday - 24 days plus your birthday, a shopping day and anniversary day (start date)

Private health care with cinema and Café Nero discounts

A reduced mortgage rate

Excellent pension scheme – if you pay in 4%, we pay in 12%

Support for learning and personal development within your role

Career progression across the Society

A chance to give something back through our Community programme

A positive working culture which encourages you to have a voice

If you’re interested in joining a forward thinking Society, we look forward to hearing from you

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