Credit Risk Manager

Reporting to the Head of Credit Risk, you’ll provide technical support for detailed credit risk analysis to maintain current BAU Risk oversight including reporting, governance and ongoing change, including on new products such as BTL. This is a hands‑on role with significant exposure to senior management through projects and committees, giving you the opportunity to help shape the approach to managing credit risk at an early stage, innovative Bank.

• Manage credit risk – Using your mortgage market experience, you’ll challenge and shape Mortgage Lending Policy (including valuations strategy) and our approach to responsible lending. You’ll assess the quantification methods and models that are developed and used by the first line for suitability, adequacy and compliance with Risk Policy requirements. You’ll also provide technical support for the evolution and optimisation of credit decisioning rules and techniques and deputise for the Head of Credit Risk when required.
• Support the 1st Line credit risk activities – You’ll provide support to Underwriting and the Commercial teams in the first line to help shape and challenge policy and exceptions. You’ll be reviewing and challenging risk management approaches developed and operated by the first line., testing and confirming the operation of the first line’s risk systems and control, as part of continual assurance activities and specialist investigations.
• Develop and enhance our MI – You’ll develop and produce detailed risk quantifications, analyses, monitoring, reporting and management information, for senior management and Executive and Board committees. You’ll be data driven and use insight to drive change for the better within Perenna
• Promote and enhance our risk culture – Representing the Risk team in strategic project and business change initiatives, keeping Perenna’s approach current and proactive with developing and innovative risk management techniques and modelling methodologies.

• A strong technical capability in credit risk, ideally gained in a similar role, where you’ve developed a proven track record in creating and maintaining credit policies. You’ll have a strong ability to interpret complex data into clear credit risk proposals and to oversee their implementation by the first line. You’ll know how to use credit bureau data to progress automated decisioning.
  
  Experience of Credit Risk Committees and decision‑making governance would help you hit the ground running.
• Deep understanding of mortgage lending, gained from time spent in other mortgage lenders. You’ll be very familiar with the regulatory requirements relating to UK retail banks (e.g., MCOB). You might have spent time in other mortgage lending roles previously; experience gained as an underwriter, or from other roles in mortgage lending e.g., Collections) would be a strong advantage. Whilst it’s not essential, knowledge of other mortgage products, such as BTL would be a real bonus to have.
• Highly developed analytical, methodical, and logical capability, with comprehensive skills in risk modelling and reporting software, applications and analytics tools – working effectively with SAS, Python, R, SQL, VBA, Power BI etc. will be important in this role.
• A delivery focussed approach to your work. Your excellent planning and organisational skills allow you to manage multiple streams of works simultaneously, and you know how to get things done in a project or programme of wider change.
• Exceptional communication strengths, able to work collaboratively with peers in other functions, and able to inspire and influence colleagues with risk management agendas and engage effectively with groups and on a one‑to‑one basis.

You’ll earn a competitive base salary, with a comprehensive benefits package, including:

• 30 days of annual leave, with Public Holidays on top.
• 10% company contribution to your pension (you put in 5%)
• Fully comprehensive private healthcare cover for you and your family. Our plan includes cancer cover and mental healthcare, access to a GP 24/7 and additional wellbeing benefits. You pay no contributions to any…