Head of Credit Risk – International Bank, London (Perm) International Bank based in London is looking hire a Head of Credit Risk with direct responsibility for managing the Credit Risk function in London. The Head of Credit Risk will be managing the credit risk function across Commercial, Retail and Wealth business activities and ensuring compliance with credit risk regulatory requirements.
The Head of Credit Risk will be reporting directly into the Chief Risk Officer (CRO) and have strategic sponsorship to lead the transformation of the Credit Risk Management function.
Key Deliverables Include -
Credit Risk oversight, review and management of Credit Risk Management, Credit Portfolio Lending Analysis, Credit Administration, Policies, and Credit Systems. The business is looking to expand its risk appetite and strategic lending to its clients and look for Head of Credit Risk to drive the business and risk management agenda.
The Head of Credit will manage the Credit Risk function, across the bank’s credit approval process, credit analysis, monitoring portfolio and transactions, ensuring effective risk management across credit administration and reporting.
- Portfolios Covered - Commercial Corporates, Financial Institutions, Wealth Management, Real Estate, and support Treasury business teams.
- Lead the design, development, and implementation of a Credit Risk Management Governance Framework.
- Manage all Credit Risk Management transformation projects pertaining to ongoing continuous improvement of the Credit Risk control framework, processes, people, and systems enhancements.
- Continue to enhance the firms Credit Policy and Risk Procedures.
- Support the CRO and other functional business groups including Operational Risk, Market Risk, Compliance, Finance, Treasury, and IT.
- Drive reviews of credit risk, controls, monitoring arrangements and governance.
- Application of UK and Global Banking Market Regulation, with focus on Corporate, Trade Finance, Wealth Management and Real Estate Lending.
- Formulating Credit Risk strategies and monitoring for non-performing loans and provisions that exceed company thresholds and reduce operational risk for the business.
- Application of new Credit Risk rating methodology changes and application to understanding for credit rating models.
- Partner with Compliance and Finance to ensure Credit Risk Regulatory deliverables including IFR9 accounting for portfolio management and provisioning.
- Manage credit risk inputs and Stress Testing for ICAAP and provide input for Climate Risk deliverables.
- Manage risk governance and packs for Country, Board, Risk Committees and Regulatory submissions.
Prerequisite Requirements – Head of Credit Risk
- Extensive experience as a Credit Risk Head within the Banking industry, with expertise across Commercial, Real Estate and Wealth Management lending.
- Expertise in developing and implementing Credit Risk Management Governance Framework, Credit Risk Policies.
- Direct management of Credit Risk function, and business teams covering credit analysis, administration, reporting, and regulatory commitments including Stress Testing, IFRS9, and ICAAP.
- Knowledge of UK Regulatory requirements including credit risk methodology enhancements, climate risk, and ICAAP.
- Strong leadership, planning and business team management skills with demonstrated ability to drive a team to execute and deliver credit risk business objectives, organizational awareness, and commitment.
- Preferably currently holding or having been in a SMCR role (SMF or Certified role) within Risk Management.
This is an excellent opportunity for a proven Credit Risk Head to drive business growth, increasing lending strategy and risk appetite for a leading International Bank in London.
The successful Head of Credit Risk will have real autonomy and sponsorship to drive the risk agenda of the bank, have c-Level suite engagement and interaction. A substantial compensation package is on offer, with base salary, attractive benefits package, and discretionary business performance bonus.
Please do apply early and applicants are asked to clearly demonstrate and highlight relevant and transferable skills to support the business. This is key strategic hire for the business and qualified and suitable applicants are encouraged to apply and be considered for a unique career opportunity.