JOB description
Job: Head of Credit
/Direct Reports: 3 (overall team of 10)
Department: CreditRisk
/Location: 33 Kingsway, London
Reporting to: CFO
/Date: May 2017
Purpose of Role
The Head of Credit is responsible for the implementation and management of credit risk, lending and fraud related activities as well as oversight of first line defence Risk Management within SULCo. This includes the development of related policies and strategy, and ensuring consistent implementation and adherence across the platform of delivery partners. Success in the role will be based on how rigorously you manage the credit risk of the portfolio, including adherence to impairment rate covenants, and the processes and controls you embed to ensure the credit function operates effectively.
This role will be a member of the SULCo SMT and so will play a wider leadership role across the organisation as well as leading the credit risk and fraud team.
Key Accountabilities
1)Provide strategic recommendations to the SULCo CEO to enhance performance of SULCo with respect to Credit Risk objectives
2)Develop and implement appropriate credit and fraud policies and controls in line with the regulatory environment and business objectives
3)Oversea the management of underwriting rules, the implementation and ongoing testing of a new decision engine and its integration into an operating system
4)Provide First line of Defence Credit Risk oversight to the business (including Senior Management) to ensure that all risks and regulatory matters relating to SULCo’s lending operations are identified and managed accordingly via capture on the Risk Register and escalation as required
5)Ensure that the Senior Management Team has embedded effective management policies and processes via the ongoing review of policy and process changes to ensure that these accurately reflect the strategic aims and appetites of the Business
6)Provide monthly updates to Board, Audit Risk Committee and British Business Bank Committees on credit risk, fraud andimpairment rates with respect to overall SUL loan book performance and confirm compliance with Grant Offer Letter/covenants to ensure the company meets its agreed deliverables
7)Support development, implementation and maintenance of key monitoring and reporting tools related to credit risk
8)Monitor the performance of Delivery Partners to ensure they are maintaining a high standard of lending practices in line with SULCo policies
9)Take a lead in coordinating day-to-day interactions between Risk, the delivery teams and external parties, providing high quality analysis, challenge and advice as required, including on credit strategy
10)Work collaboratively with other members of the SULCo SMT to ensure the overall SULCo objectives are delivered
11)Responsible for the effective management and performance of the Lending & Fraudand Credit teams to achieve success through establishing clear expectations of performance, reviewing individual progress accordingly and taking proactive action to bring performance back on line where required and ensuring colleagues are motivated
12)Build and maintain effective and productive working relationships with colleagues, Delivery Partners and key stakeholders
Professional / Personal Skills and Experience
- Qualification in Applied Finance, Business Management or related disciplines;
- Successful track record incommercialand/or retail underwriting;
- Successful track record ofdeveloping retailloan application scorecards;
- Adeep knowledge of Credit Risk matters touse this knowledge to enhance companywide understanding and identify opportunities for improved performance and growth;
- A thorough understanding of lending processes, CCA guidelines, FCA regulations and KYC/AML rules;
- Experience of Credit Risk Management within a commercial environment;
- Proven ability to establish, manage and develop key stakeholder relationships both internally and externally;
- Strong leadership skills and can motivate, develop and deliver through colleagues both with and without line management authority.;
- Capable of being highly responsive and drives a solution focused culture within their sphere of influence.
- Well-developed analytical, problem solving and decision making skills;
- Highly organised and able to manage multiple and sometimes conflicting priorities;
- Effective communication skills; being able to present information via a number of different methods (e.g. face to face and written) and to a wide audience up to and including Board level.
Status
This job description defines the role as it exists now. It is not meant to represent an exclusive description of the job holder’s responsibilities as these may vary from time to time in line with the needs of the business. This role may change and evolve over time and any changes will be communicated appropriately.