Credit Risk Manager

Car Benefit Solutions
Bury, Greater Manchester
£30000 - £35000/annum
13 Jun 2017
13 Jul 2017
Contract Type
Full Time
Credit Risk Manager

Main Purpose of Job
To be responsible for managing and improving the Group’s credit risk function, processes and procedures across all scheme solutions and business matters as relevant.

Company Vision
To be the leading Employee Car Ownership provider in the UK Automotive Sector, leading in terms of quality, standards, expertise and value added.

Department Overview
The Treasury, Tax and Statutory Reporting Department is a team focused on commerciality and is responsible for managing the daily and long-term treasury requirements of the business, meeting all statutory requirements in relation to taxation and reporting, and managing credit and client risk, enabling the business to maximise returns, minimise risk and seek tax efficiencies where available.

Key Accountabilities
- Ensure credit policies and procedures are robust, fit for purpose and adhered to, making improvements as required
- Prepare client underwrite information in line with group policies
- Set and review all client credit/lending limits (with board approval where appropriate)
- Assist with the design and system development of credit risk processes
- Ensure funding facilities are aligned to client credit facilities
- Identify and monitor any high risk clients
- Conduct credit risk reviews including the quality of the loan book, at risk clients, potential bad debts provisions required and loss given default
- Develop suite of reports to include detailed credit risk reviews and analysis of loan book, potential bad debts, and required provisions. Issue weekly, monthly and quarterly MI packs as appropriate
- Manage dealer group consolidation and ensure compliance and enforceability
- Monitor live fleet position Vs client credit facility and liaise with network development executives
- Identify risks and improvement opportunities and make appropriate recommendations to minimise risk and maximise lending
- Manage client debt which is beyond normal payment terms, including repossessions, administration of defaults & payment plans in accordance with FCA rules and requirements
- Work closely with the Marketing and Network Development Teams to ensure that there is consistency between marketing, sales and credit strategy
- Ensure that the Head of Department is kept updated on relevant issues, risks, and opportunities
- Ensure that all processes and procedures are documented


- Educated to A Level Standard is essential
- Degree and/or CICM qualification is desirable

Essential Skills, Knowledge & Attributes
- Previous experience in a similar role
- Experience of working under pressure and to tight deadlines
- Excellent IT skills including the use of MS Word and Intermediate level MS Excel
- Ability to adopt a flexible approach to working in a rapidly growing business
- Excellent written and verbal communication skills
- Meticulous attention to detail
- A high level of organisation and planning skills
- Self-motivated, committed and team player
- Analytical skills
- Commercial awareness
- Ability to work in line with CBS Core Values of pride, integrity, accountability, continuous improvement and enjoyment

- 25 days pro rata (able to buy or sell up to 5 days)
- 5% non contributory pension after 3 months
- BUPA & Medicash after probation
- Access to car schemes after probation

Salary is dependant upon experience and professional qualifications