Head of Credit Risk
Head of Credit Risk
Posted on :
18-04-2025
Employer Active
1 Vacancy
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Job Description
At OakNorth were not just transforming bankingwere shaping the future for entrepreneurs and fastgrowth businesses. With deep sector knowledge cuttingedge data analytics and a truly collaborative culture we give our clients the edge to thriveand we do the same for our people. If youre passionate about credit driven by innovation and ready to make a real impact this is your chance to lead an exceptional team at the forefront of commercial banking.
The Role
Were looking for someone whos excited by supporting growth businesses. You are open to exploring innovative technologies digitally enabled processes and AI to bring sharper more efficient credit insights to our loan book. Youll play a key role in Credit Risk Management Committees (CRMCs) where we get under the skin of the businesses we lend todeeply understanding their operations challenges and opportunities.
If youre passionate about credit commerciality and building something meaningful this is your chance to make a real impact.
Key Responsibilities:
- Leadership & Oversight
- Chair and oversee the Credit Risk Management Committee (CRMC)
- Lead the formulation and of the Banks Credit Risk Appetite and policies
- Provide regular reporting and insight to the Board and Board Risk & Compliance Committee on key risk indicators and portfolio performance
- People & Culture
- Lead inspire and grow a highperforming Credit Risk team
- Foster a culture of transparency challenge and continuous learning
- Champion OakNorths values and promote open valuesled leadership
- Risk & Regulatory Management
- Maintain and evolve the Credit Risk Management Framework including PD LGD EAD and Expected Loss models
- Ensure compliance with PRA/FCA regulations and support regulatory interactions
- Manage credit underwriting standards portfolio balance and impairment frameworks
- Innovation & Process Excellence
- Drive transformation initiatives across credit policies systems and workflows
- Continuously improve creditrelated processes to enhance efficiency and control
- Lead the credit risk components of New Product Approvals and Annual Reviews
What Were Looking For:
- Were looking for a dynamic credit leader who combines commerciality sound judgment and a passion for helping businesses grow. Youll bring a strong technical foundation but also thrive in a fastmoving entrepreneurial environment where innovation and impact matter.
- Someone who brings deep expertise sound judgment and a passion for helping businesses thrivewhile driving innovation in how credit risk is managed.
- Can balance effective credit governance at policy level manage risk across a portfolio and confidently dive into the detail at a customer levelalways with a focus on OakNorths commercial goals
- Get energy from supporting ambitious fastgrowth businesses using credit as a strategic enablernot a blockerto deliver outstanding customer outcomes
- Know how to find the path to yes but are equally confident in saying no with clarity consistency and integrity
- Have a proven history of profitable credit decisions within a personal delegated authority
- Possess a deep understanding of credit risk regulation policy and portfolio management
- Have strong expertise in sectorbased lending and credit risk modelling frameworks
- Are a confident communicator capable of influencing and advising at Executive Leadership and Board level
- Are passionate about building and developing highperforming teams and excited to explore how automation AI and new technologies can deliver sharper risk insights
- Bring 10 years of experience in SME or Commercial Credit Risk with a strong track record in senior leadership roles
- Hold a degreelevel qualification or relevant professional certification (e.g. ACA CFA)
Benefits & Perks:
- Equity. We want people to have a stake in the business so that all our interests are aligned.
- 25 days holiday
- Personalized benefits optin to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- Support causes that matter to you Volunteering time off
- Salary sacrifice schemes (Cycle to work nursery gym electric car scheme)
Required Experience:
Director
Employment Type
Full-Time
Key Skills
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