Unsecured Credit Risk Analyst
CR2
Manchester/Homeworking
Role Purpose:
As a Risk Analyst you will be required to provide analytical support, insight and guidance to ensure the ongoing improvement and effectiveness of risk management strategies and associated processes across the Bank’s unsecured portfolio (Current Accounts, Loans and Credit Cards). You will lead and support various credit risk activities, predominantly across the customer acquisition and / or management lifecycles.
* Undertake analysis to support the development of credit risk strategies and controls to ensure that lending is provided in accordance with the credit risk policies and risk appetite of the business. This analysis will include setting credit score cut offs, refer / decline rules, limit strategies, affordability assessments, authorisation strategies and cross sell eligibility
* Review the effectiveness of credit risk controls and strategies including performance against key risk indicators, benchmarking against other lenders and analysis of actual performance against expectations, providing insights into any variances, with recommendations to their manager for corrective action where necessary
* Review and investigate product and service design to take account of credit risk and ensure that appropriate controls are in place to manage those risks
* Support the development of credit risk strategies and processes that support the Bank’s customer first approach, with consideration given to relevant industry regulation and guidance
Key Accountabilities:
* Undertake analysis to support the development of credit risk strategies and controls to ensure that lending is provided in accordance with the credit risk policies and risk appetite of the business. This analysis will include setting credit score cut offs, refer / decline rules, limit strategies, affordability assessments, authorisation strategies and cross sell eligibility
* Review the effectiveness of credit risk controls and strategies including performance against key risk indicators, benchmarking against other lenders and analysis of actual performance against expectations, providing insights into any variances, with recommendations to their manager for corrective action where necessary
* Review and investigate product and service design to take account of credit risk and ensure that appropriate controls are in place to manage those risks
* Support the development of credit risk strategies and processes that support the Bank’s customer first approach, with consideration given to relevant industry regulation and guidance
Knowledge, Skills & Experience:
* Credit Risk knowledge and experience preferable
* Educated to degree level in an analytical discipline. Ideally a further high level qualification in mathematics / statistics
* Strong mathematical skills
* Ability to analyse and present data & information using industry standard interrogation and statistical packages (SAS, SPSS et al) is preferable
* Experience in at least one area of credit risk management strategies (acquisition, customer management or arrears management) is preferable
* Good understanding of the consumer lending industry. This includes systems and practices along with commercial, financial and legislative requirements and issues
* Good communication (written and verbal) skills, including well developed presentation skills
* Proven stakeholder management skills
* Understanding of Credit Reference Agencies and their data
* Ability to analyse and confidently present complex technical information
* Planning and organisation skills – including the ability to deliver under high pressure and time limited scenarios
We may withdraw this vacacny once suitable number of applciations received.