Director of Credit Risk

Role Type: Perm/full time

Location: Hybrid working - open to any of our offices (London Reading Manchester Cardiff) must be willing to travel to London frequently

Aldermore Group why we exist

Were Aldermore the award-winning bank trusted and highly rated by over a quarter of a million customers for more than a decade. With our range of specialist mortgages savings accounts and business finance solutions were backing more people to go for it.

We thrive by saying yes to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; we open up the lending market to many; and thousands of customers chose Motonovo Finance every week to buy their next car van or motorbike.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose.

Let us tell you a bit about the opportunity

As the Director of Credit Risk a senior second-line role reporting directly to the Deputy CRO you will shape and lead the Groups credit risk strategy at the highest level. Working closely with the Deputy CRO/Chief Credit Officer youll play a pivotal role in ensuring the Group makes robust wellinformed lending decisions and maintains a strong sustainable credit risk profile across all business lines.

You will take ownership of the Groups credit risk management framework setting the tone for how we identify measure manage and report credit risk. This includes oversight of credit policies lending strategies risk measurement methodologies and the delivery of clear impactful reporting that ensures the Group consistently operates within its defined credit risk appetite.

This is a highly visible leadership position. Youll regularly engage with a broad range of influential stakeholders including FirstRand (our parent company) Group Executives senior leaders across the business regulators investors and credit rating and reference agencies. You will represent Aldermores credit risk strategy and performance whilst providing expert insight on emerging trends and portfolio developments.

This position is designated as a Certified Role under the FCAs Senior Managers & Certification Regime (SM&CR).

How Youll Contribute

• Oversight & Impact Provide independent expert challenge to 1LOD ensuring credit risk is managed confidently within the Groups risk appetite framework and policies as well as regulatory requirements such as MCOB and CONC. You will own and continually refine the Groups credit risk management framework appetite and associated policies making sure they remain aligned to evolving industry best practice and deliver real value to the business.
• Strategic Partner to the Business Act as a trusted strategic partner to senior leaders influencing behaviours shaping risk culture and enabling safe sustainable growth. Youll bring clarity on emerging risks guiding the business to develop forwardlooking strategies that quantify manage and monitor credit risk with precision.
• Leadership that Elevates Performance Lead coach and develop a highperforming team of Credit Risk professionals. Youll set direction and ensure the function delivers deep expertise and impactful support across the Group.
• Setting the Right Risk Appetite Design and oversee appropriate risk limits across each business line ensuring portfolios remain wellcontrolled and fully aligned with Boardapproved risk appetite.
• Insight That Drives Decisions Deliver highquality insights into portfolio quality performance and concentrations across all segments products and markets. You will own the development of robust industrystandard MI that enables senior stakeholders to make confident informed decisions.
• Advanced Risk Measurement Oversee the Groups impairment calculations and forecasting stress testing and the management of Credit RiskWeighted Assets. Youll also be accountable for internal capital assessments under Pillar 2A and stress testing under Pillar 2B as part of the ICAAP.
• Systems Ownership Own the production systems that power the Groups ECL and RWA calculation engines ensuring they are accurate effective and futureready.
• Model Risk Leadership Lead the Group Model Development function and serve as Model Owner for all IFRS 9 credit models - driving strong governance and continuous enhancement of model performance and reliability.
• External Influence & Representation Represent the Group with regulators credit rating agencies and reference agencies articulating Aldermores credit performance strategy and risk profile with authority and credibility.
• Governance & Executive Leadership Serve as a member and Deputy Chair of the Executive Credit Committee and as a member of the Model Governance Forum. You will also deputise for the Chief Credit Officer as required - playing a key leadership role across the broader risk function.

About You

• Proven Credit Risk leadership experience within banking
• Strong grounding in consumer & commercial credit risk impairment/IFRS 9 ECL and RWA.
• Experience with ICAAP Pillar 2A/2B and stress testing.
• Experience with credit risk model development and model oversight.
• Proven leader of multidisciplinary hybrid working credit risk teams (c. 2030 people) ability to develop and guide a seasoned team.
• Handson approach able to step in and support technical work when required.
• Able to produce clear highquality MI and portfolio insight to support decisions.
• Sound digital literacy with a good understanding of Tech/AI developments
• Confident diplomatic communicator who is able to influence appropriately.
• Resilient secure and comfortable in a challenging senior stakeholder environment.
• Pragmatic commercially aware and proportionate in risk judgement.
• Adaptable and collaborative with strong problemsolving instincts.

What can you expect from us

• A hybrid working policy 3 days per week onsite in one of our offices
• A friendly and flexible culture the same as how we work with our customers
• A growing organisation that means theres lots of opportunities to progress
• A drive for continuous improvement which you will be empowered to get behind from day one
• And of course you will be rewarded competitively with a good range of core benefits and bonus potential

Still curious

Join us and well make the same promises to you as a colleague as we do to each of our customers. Were committed to building a working environment that values respect diversity and compassion. We welcome people regardless of age disability gender identity marital status race faith or belief sexual orientation socioeconomic background and whether youre pregnant or on family leave.

Please note that we have a thorough referencing process which includes criminal record checks.

We champion equality by supporting the exceptions to the rule and getting finance to where its needed.

We lend the money people save with us to people who want to get on in life; build businesses and create employment buy property for people to live and work in and purchase vehicles to move families and goods around.