+ 44 (0) 1264 810 076
enquiries@nicholashoward.co.uk
We have a large number of permanent, contract and fixed term jobs across the UK and Europe within a wide range of fields of work

Credit Risk Manager – London – Permanent

Nicholas Howard Limited are delighted to be recruiting for a new and exciting role as a Credit Risk Manager.

Based in London, the successful candidate will be responsible for ensuring lending activities are developed and maintained to give a market leading advantage on product and service, whilst ensuring an acceptable level of risk tolerance and within a robust regulatory and funding led environment.

Core Responsibilities:

  • To manage and develop the Company’s lending policies.
  • Operate a First Line of Defence (FLOD) for the underwriters.
  • Manage the case exception approval process.
  • Oversee the underwriters training and mandate levels.
  • Attend monthly Credit Committee.
  • Monitor portfolio risks (Property, industry, concentrations).
  • Observe regulatory and ethical standards.
  • Responsibility for credit related input to product development.
  • Demonstrate adherence to policies and procedures.
  • Engage with funders and investors on credit policy and performance.
  • Deliver excellent customer service through decision making, attention to detail, problem solving and communication.

Overview of Key Tasks:

  • Compile monthly Credit Committee reports.
  • Regularly review monthly MI to highlight any possible up and coming risks or possible policy changes.
  • Prepare mark-up of credit policy on a quarterly basis, to be submitted to Credit Committee and or Funders.
  • Approve mortgages in accordance with Board authorities, including exception requests.
  • Be point of contact for complex application enquiries from the sales team.
  • Authorise releases and transfers of security/equity in accordance with Board authorities.
  • Carry out quality assessments on the underwriters.
  • Review underwriter’s assessment in order to award lending mandates.
  • Attend regular valuer governance meetings.
  • Review and manage valuer contract.
  • Work closely with treasury and funders on applications that require approval outside funder covenants.
  • Demonstrate compliance with the Company’s policy and procedures including liaison with the Compliance Function and Internal and External Auditors.
  • Operate in accordance with the regulatory requirements as applied by the Company’s responsible lending and underwriting policies.
  • Comply with the provisions of the Money Laundering Regulations 2007 (and any successors thereafter) and the Company’s Financial Crime policies and procedures).
  • Maintain adequate records in accordance with regulatory requirements for such matters as affordability calculations, KFIs, underwriting records questionnaires etc.
  • Apply the Company’s systems and controls to meet the requirements of regulatory compliance in all areas including financial crime, human resources, data protection, finances and conduct of business.
  • Maintain current knowledge of all aspects of relevant company law and applicable regulations.
  • Participate in training and continuing professional development (CPD).
  • Lead by example in observing best practice, ethical decision-making and compliance with the spirit of the regulatory framework.

To be considered for this position please apply below.