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Credit Risk Manager


Location:
Durham
Language(s):
Only English Required
Company:
Atom Bank
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Job Description
The role holder will be an integral member of the Credit team and will play a key role in supporting the Board’s objective of growing the lending portfolio within the firm’s risk appetite. The role holder will be responsible for driving and shaping the risk agenda for unsecured lending products, deploying scorecards and strategies within decisioning systems and ensuring that risk strategies are compliant with regulatory standards, aligned with business needs and deliver to the lending risk strategy. The role holder will manage the development, implementation, evaluation and maintenance of new business acquisition, customer management and collections credit risk strategies and systems in order to maximise the profitability across the current account, credit card and unsecured loan portfolios. The role holder will also provide support to ensure effective credit risk management for the residential mortgage lending and commercial lending portfolios. The role will require a proactive individual capable of managing multiple stakeholders across the business including products, operations, compliance, data and systems. The role holder will also require a keen eye for detail in understanding historic and emerging trends in portfolio performance, along with an ability to keep up to speed with developments in the industry.
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Salary Indication
Salary dependent upon experience
Company Profile
Atom are going to be theUK's first digital only bank!
Responsibilities
Key Accountabilities/Responsibilities:

• Responsible for ensuring that the performance of the retail lending portfolio is within the risk appetite set by the Board
• Provide credit risk input and advice to cross-functional project teams on the design of the end to end process for unsecured lending
• Design comprehensive new business acquisition approaches, systems and strategies for new product and policy proposals in order to deliver the operating plan
• Manage the design, development, implementation and evaluation of credit and behavioural scoring strategies for new business acquisition, to ensure the quality of lending
• Develop credit strategies/policies to ensure that acceptance rates are maximised in line with business objectives whilst ensuring credit/fraud losses and impairments are controlled
• Develop a sophisticated affordability model to assess ability to repay and ensure responsible lending
• Deliver commercial advantage through innovative strategy developments, using leading edge technical scoring and decision making systems
• Contribute to the design of processes for collections
• Manage the design, development, implementation and evaluation of credit and behavioural scoring strategies for customer management and collections in order to maximise portfolio profitability
• Oversee the development of application, behavioural and collections scorecards, working with 3rd party suppliers where appropriate
• Detailed monthly monitoring of all scorecards
• Set up and test new lending, customer management and collections strategies for unsecured lending using the chosen decision system platform
• Set up and test new lending strategies for residential mortgage and commercial lending using the selected decision system platform
• Undertaking regular analysis to ensure that credit decision strategies and processes are optimised
• Ensure that Know Your Customer/Know Your Business checks are fully compliant with money laundering regulations
• Design, set up, test, monitor and refine application fraud prevention rules within chosen fraud system
• Design, set up, test, monitor and refine transaction fraud prevention rules in selected fraud software
• Manage the provision of comprehensive regular credit reporting and investigative analysis on new business and portfolio management and identify improvements to policies and procedures
• Provide expert technical evaluation of new business quality, performance, and competitive standing through internal information and benchmarking/market intelligence
• Develop and produce summary MI for submission to Credit Committee and Board Risk Committee
• Develop strong relationships with key business stakeholder teams
• Ensure that all unsecured lending models and credit strategies are thoroughly and accurately documented
• Coach and mentor senior and junior analysts
• Pro-active engagement and communication with the wider business on model development and how they will impact the business decisions
• Update job knowledge by reading professional publications, participating in professional organisations and maintaining personal networks
• Undertake ad hoc work as directed by line manager from time to time
• Act with integrity at all times and embrace the Bank’s culture and values


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