Credit Risk Manager

United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial Services, Digital BankingIndustries

Requirements

The ideal candidate will have a strong background in credit risk management, specifically in developing and maintaining impairment-related models, stress testing, and scenario analyses. Experience with ICAAP Pillar 2A/2B models, mortgages, secured motor loans, and home improvement loans is essential. The role requires the ability to lead model development, build internal management information (MI), present insights at various forums, and implement modelling enhancements through governance processes. Strong communication skills are needed to articulate findings and recommendations to senior stakeholders, and experience working with data teams and external stakeholders like bureaus and consultancies is necessary. A willingness to deputize for the Senior Manager on impairment-related matters and share best practices is also required.

Responsibilities

The Credit Risk Manager will be responsible for enhancing credit risk models, including ICAAP P2A stress testing, impairment actuals, and impairment forecasting models. Key duties include leading the development of impairment models reporting to meet best practice standards, focusing on variance drivers and feedback loops into credit strategy. The role involves building internal impairment-related MI, supporting ad-hoc analyses, presenting MI and insights at working groups and committees, and managing the governance of proposed modelling changes. Additionally, the manager will collaborate with the Data team to ensure data requirements are met, support enhancements to ICAAP stress testing models, and maintain relationships with internal stakeholders such as Product, Operations, Finance, and Compliance, as well as external stakeholders including third-party consultancies and bureaus.

Skills

Credit Risk

Risk Measurement

Impairment Models

Stress Testing

Scenario Analysis

ICAAP

Mortgages

Secured Motor Loans

Home Improvement Loans

Model Development

Reporting

Best Practice

Tandem Bank

Digital bank offering green financial solutions

About Tandem Bank

Tandem Bank provides digital financial services with a focus on environmentally friendly solutions. It offers a variety of products including personal loans, home loans, mortgages, car finance, and savings accounts, catering to individuals in the UK. The bank's approach to lending emphasizes green initiatives, aiming to minimize the environmental impact of its customers. Tandem generates revenue through interest on loans and fees from savings products. What sets Tandem apart from other banks is its strong commitment to sustainability, demonstrated by financing significant CO2 reductions and collaborating with partners like Oplo and Allium to enhance its green offerings. The goal of Tandem Bank is to provide fair financial solutions while promoting environmental responsibility.

Blackpool, United KingdomHeadquarters

2013Year Founded

$164.3MTotal Funding

GROWTH_EQUITY_VCCompany Stage

Fintech, Social Impact, Financial ServicesIndustries

201-500Employees

Benefits

Paid Vacation

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Flexible Work Hours

Hybrid Work Options

Risks

Competition from digital banks like Monzo and Starling Bank is intensifying.

Regulatory scrutiny on greenwashing claims could challenge Tandem's environmental product claims.

Rising UK interest rates may reduce demand for Tandem's lending products.

Differentiation

Tandem Bank focuses on environmentally friendly financial solutions, setting it apart from competitors.

The bank's community-driven approach involves users in product development, enhancing customer satisfaction.

Tandem's partnerships with Oplo and Allium strengthen its green lending initiatives.

Upsides

Increased demand for sustainable finance aligns with Tandem's green financial products.

Open banking in the UK enhances Tandem's ability to offer personalized services.

UK's net-zero emissions goal supports Tandem's green lending business model.

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