Credit Risk Manager

SUMMARY:
Position Overview: The Credit Risk Manager will play a critical role in managing and mitigating credit risk within the business and commercial banking sector. This role is responsible for second-line defense activities, focusing on vehicle asset management and ensuring robust end-to-end risk management processes. The ideal candidate will have strong experience in business banking, commercial credit analysis, and risk assessment with a thorough understanding of risk policies, governance, and regulatory frameworks.

POSITION INFO:
Key Responsibilities:

1. Credit Risk Management:
   
   • Assess, monitor, and manage credit risk exposures within the business banking and commercial portfolios, focusing on vehicle asset finance.
   • Implement risk management policies, procedures, and controls to maintain sound credit risk profiles.
   • Provide second-line defense by reviewing and challenging risk assessments, credit models, and proposals developed by first-line teams.
2. End-to-End Credit Process:
   
   • Oversee the entire credit lifecycle, from initial assessment and underwriting to monitoring, reporting, and collections.
   • Develop and maintain comprehensive credit risk frameworks that support end-to-end process management, ensuring alignment with business objectives and regulatory requirements.
   • Collaborate with cross-functional teams to streamline credit workflows and enhance efficiencies across the credit cycle.
3. Vehicle Asset Finance Management:
   
   • Develop specialized risk models and assessment criteria specific to vehicle asset finance, ensuring accurate risk quantification and control.
   • Monitor the performance of vehicle finance portfolios, identifying emerging risks and potential areas of concern.
   • Engage in the development of innovative credit products tailored to asset finance, while maintaining a robust risk assessment process.
4. Second Line of Defense and Compliance:
   
   • Act as a subject matter expert in credit risk, providing oversight, challenge, and guidance to the first line of defense in credit risk-related matters.
   • Ensure compliance with internal policies and external regulations, focusing on the commercial and business banking environment.
   • Partner with regulatory and compliance teams to stay informed on changing regulations and ensure that the risk management framework meets all standards.
5. Reporting and Analysis:
   
   • Prepare and present risk reports to senior management, highlighting key risk metrics, portfolio performance, and areas requiring intervention.
   • Conduct regular reviews and risk assessments, updating risk models as needed to reflect the latest market and business conditions.
   • Leverage data analytics to identify trends, improve risk assessment models, and provide actionable insights into portfolio performance.

• Education & Qualifications:
  
  • Bachelor’s degree in Finance, Business, Risk Management, or related field. An advanced degree or relevant professional certification (e.g., CFA, FRM) is advantageous.
• Experience:
  
  • 9- + years of experience in credit risk management, specifically within business banking and commercial credit.
  • Demonstrated experience in vehicle asset finance risk management, including exposure to asset-backed lending and credit models.
  • Strong background in second-line defense roles, with a track record of supporting risk governance and compliance functions.
• Technical Skills:
  
  • Proficiency in risk management software and financial modeling tools.
  • Solid understanding of regulatory frameworks and compliance standards within commercial banking.
  • Advanced analytical skills, with the ability to interpret complex data and derive actionable insights.
• Soft Skills:
  
  • Excellent communication and stakeholder management skills, with the ability to influence and collaborate across teams.
  • Strong problem-solving and decision-making abilities, with a proactive approach to managing emerging risks.
  • High attention to detail, organizational skills, and the ability to manage multiple priorities in a dynamic environment.