Senior Credit Risk Manager

n3 Recruitment
14 Apr 2018
17 May 2018
Contract Type
Full Time

This role offers the right candidate a great opportunity with MagallenHomeloans, a progressive and forward-thinking specialist mortgage business that distributes via the financial intermediary channel, in a market that is currently undergoing phenomenal growth.

The successful candidate will have strategic and operational oversight of building and shaping the Mortgage Credit Risk proposition. Responsible for developing, implementing, maintaining and reviewing the credit policy proposition to ensure the business achieves its growth objectives within a robust and responsible Credit Risk framework.

The Senior Credit Risk Manager will include direct management of the Mortgage Underwriting team, ensuring operational efficiency, consistency of decision and accuracy of underwriting. This exciting role offers the successful candidate an exceptional opportunity to lead and grow a team whilst influencing the future of the company’s operational plans.

Knowledge or experience of mortgage underwriting and the UK regulated mortgage environment is essential, with candidates expected to be able to demonstrate a history of holding a senior level lending mandate, ideally with discretion for authorising policy exceptions. We are especially interested in talking to candidates that have an underlying knowledge of credit risk methodologies and data analytics in addition to senior mandate experience.

Excellent communication and stakeholder-management skills, alongside the ability to prioritise and work under pressure are also essential. There will be many changing priorities so the successful candidate will be able to demonstrate an ability to strategically evaluate conflicting priorities, anticipate future problems and deliver solutions.

We are looking to deliver a best-in-class service proposition to our customers and intermediary partners; therefore deep experience of delivering outstanding customer outcomes whilst delivering underwriting accuracy and consistency would be a significant advantage.

Key responsibilities of the role:

  • Lead, motivate and manage the 1st line mortgage underwriting team.

  • Monitor, review, amend and implement credit policy to maintain mortgage loans within expected loss risk appetite.

  • Ensure that credit policies reflect current legal and regulatory requirements in line with industry best practice

  • Approve loans within personal mandate and make upward recommendations when required.

  • Undertake regular sampling to ensure the quality underwriting decisions and undertake any corrective actions.

  • Identify opportunities to improve underwriting methodology and processes.

  • Identify emerging risks and opportunities within the portfolio or existing processes.

  • Provide high quality input to key projects and thematic reviews of the portfolio.

  • Work collaboratively with all stakeholders to develop and manage the business processes and associated service levels to ensure an excellent customer journey.

Drive ongoing efficiencies whilst identifying, monitoring and mitigating risks.

Please note that due to the volume of CVs we receive we are only able to contact candidates who have been short-listed for interview.

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