Credit Risk Manager
- Holborn, Central London
- £80,000 per year
- Permanent
- Full-time
Working Pattern: Monday to Friday, 09.00 - 17.00 36.25 hours per week
Salary: up to £80,000 and up to 20% bonus and benefits
Location: Hybrid work from Cardiff or our London office in HolbornAt Tandem, we're not just a bank; we're a movement for positive change. If you're an ambitious and dedicated Credit Risk Manager, ready to make an impact, we've got a space with your name on it!We are Tandem - Where impact meets innovationTandem is the UK's greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share - all while nurturing our planet, our people and our customers. As one of Europe's fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.Your team: Collaborators in change
- The Risk Measurement team sits within Credit Risk and ultimately the Risk & Compliance function (2nd line of defence). The Risk Measurement team is responsible for developing and maintaining Tandem's impairment related models - this includes stress testing / scenario analyses, Credit Risk ICAAP Pillar 2A/2B models. This team is also responsible for producing the monthly impairment charge and quarterly impairment forecasts.
- Tandems lending products include 1st and 2nd charge mortgages, Secured Motor loans and Home Improvement Loans.
- As a Credit Risk Manager at Tandem, your focus will be to support the Risk Measurement team to enhance credit risk models including ICAAP P2A stress testing models, impairment actuals and impairment forecasting models. This will include
- Lead the development of impairment models reporting to ensure it meets best practice, policies and standards as appropriate. Enhancements to focus on impairment charge insights relating to actuals vs forecast variance drivers and drawing out variance drivers and feedback loop into front-end and back-end credit strategy.
- Build out internal impairment related MI and support ad-hoc deep-dive analyses and requests from internal and external stakeholders.
- Present impairment related MI and insights at relevant forums / working groups including impairment working groups, technical model working groups, and credit committee where appropriate.
- Implement impairment modelling enhancements and take proposed modelling changes through Technical Model working group and credit committee governance. Where appropriate, support governance workstreams with other stakeholders including Internal Audit and Independent Model Validation partner.
- Work with Data team to ensure delivery of Risk Measurement data requirements (for MI, credit risk models etc.).
- Support delivery of enhancement to ICAAP stress testing P2A and P2B models. Work with internal (Product teams) and external (Bureau) dependencies ensuring appropriate link is maintained across BAU forecast models and ICAAP stress testing modelling.
- Develop effective relationships with internal stakeholders - includes Product, Operations, Finance and Compliance.
- Work with external stakeholders including 3rd party consultancies and Bureau to ensure availability of appropriate data to deliver Risk Measurement team goals.
- Adapt communication style and approaches to articulate findings, business impacts and recommendations confidently and effectively, in particular, with respect to written and verbal communication at Heads of and Director level.
- Deputise for Risk Measurement - Senior Manager on impairment related items where appropriate.
- Share best practices with Risk Measurement team and with wider Credit Risk team, with particular focus market leading practices on credit risk analytics, impairment, stress testing and insight reporting.
- Education: Bachelor's degree in maths / stats, finance, business, economics, or other quantitative related field.
- Knowledge: a good knowledge of consumer credit risk management.
- Knowledge: good understanding of mortgage, personal loans and motor finance products.
- Experience of building scorecards, IFRS9 modelling and Stress Testing.
- Computer skills: Proficiency in Microsoft Office, excellent programming skills (SAS, SQL, Excel), with working knowledge of R or Python.
- Time management skills: good time management skills, the ability to effectively prioritize tasks, maintain timelines and manage/plan workloads effectively.
- Good communication skills, both written and verbal with experience of tailoring communication for different audiences.
- Analytical mindset with the ability to use data to drive decision-making.
- Proactive and innovative approach to problem-solving.
- Previous experience of working in Fintech environment
- Deep Credit Risk subject matter experience, in particular on impairment, forecasting and ICAAP P2A / P2B stress testing.
- Strong understanding of credit risk management principles on mortgages, personal loans, motor finance and Bridging.
- Advanced working knowledge of R/Python.
- Knowledge of building / developing Economic Response Models (ERMs).
- Proven experience of working with Bureau data to build models / deep dive analyses.
- 25 days annual leave plus 8 days Bank Holiday
- An additional day off for a 'celebration day' including, but not limited to, birthdays, weddings, religious holidays, graduations etc
- Buy or sell up to 5 days holiday a year
- Healthcare cash plan through Westfield Health
- Electric Vehicle salary sacrifice scheme
- Cycle to Work salary sacrifice scheme and a free helmet
- Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility)
- Smart Tech scheme (buy goods with 0% interest)
- 10% discount on solar panels
- Tandem Hub for treats, cash back and discounts on UK retailers
- 2 days per year paid volunteering
- Free cereal, snacks and drinks in all offices
- Quarterly team social budgets
- Volunteer 2 days a year for charity