Credit Risk Manager - 9 months FTC

Job Title & Compensation

• Job Title: Credit Risk Manager
• Contract: 9 months Fixed Term Contract (FTC)
• Working Pattern: Monday to Friday, 36.25 hours per week
• Salary: Up to £105,000 per annum (full time equivalent)
• Location: Fully UK remote or hybrid working from our Cardiff, London, Durham or Blackpool office

About Tandem

• Tandem is the UK's greener digital bank on a mission to revolutionize how we save, borrow, spend, and share, while nurturing the planet, people, and customers.
• As one of Europe’s fastest-growing digital banks, Tandem's values are Brave, Enterprising, Simple, and Together (BEST).
• The team of 500+ employees collaborate to drive a brighter, greener future.

Your Team: Risk Measurement

• The Risk Measurement team is part of the Credit Risk team within the Risk & Compliance function (2nd line of defence).
• Responsibilities:
  • Developing and maintaining Tandem’s impairment related models.
  • Including stress testing / scenario analyses, Credit Risk ICAAP Pillar 2A and 2B models.
  • Producing monthly impairment charges and quarterly impairment forecasts.

Your Impact

• Focus: Support the Risk Measurement team to enhance credit risk models, specifically ICAAP P2A and P2B stress testing models.
• Key Responsibilities:
  • Enhance existing 1st generation P2A stress test models.
  • Develop plans for model enhancements, collaborating with internal (Product team) and external (Bureau) dependencies.
  • Implement modelling enhancements and manage changes through independent model validation.
  • Collaborate with the Data team to meet Risk Measurement data requirements for ICAAP models.
  • Engage with external stakeholders, including 3rd party consultancies and Bureaus, to secure appropriate data for ICAAP modelling.
  • Build effective relationships with internal stakeholders, including Product, Operations, Finance, and Compliance.
  • Articulate findings, business impacts, and recommendations confidently and effectively, adapting communication style for different audiences, especially at Heads of and Director levels.
  • Share best practices and support the Risk Measurement team on wider impairment-related activities.
  • Support the wider 2nd line Credit Risk team, focusing on market-leading practices in credit risk analytics, impairment, stress testing, insight reporting, and Credit Committee governance.

What We're Looking For

• Education: Bachelor’s degree in maths/stats, finance, business, economics, or other quantitative related field.
• Knowledge:
  • Good knowledge of consumer credit risk management.
  • Good knowledge of ICAAP P2A / P2B modelling.
  • Good understanding of mortgage, personal loans, and motor finance products.
• Experience:
  • Building scorecards.
  • IFRS9 modelling and Stress Testing.
• Skills:
  • Proficiency in Microsoft Office.
  • Excellent programming skills (SAS, SQL, Excel).
  • Working knowledge of R or Python.
  • Good time management skills, with the ability to prioritize tasks, maintain timelines, and manage workloads effectively.
  • Good communication skills, both written and verbal, with experience tailoring communication for different audiences.
  • Analytical mindset with the ability to use data to drive decision-making.
  • Proactive and innovative approach to problem-solving.

Desirable (Not Essential)

• Previous experience in a similar role.