All Locations
Nottingham
All Departments
Legal, Regulatory & Risk
Advertising Salary
£75000 - £95000
Head Office
35 hours
Full/Part Time:
Full Time

About The Role

Contract type: Permanent

Hours: Full-time, 35 hours

Location: Head Office, Nottingham (hybrid working, 2 days a week onsite) 

We have an exciting opportunity for a Senior Credit Risk Manager to join our brand-new Deals team at The Nottingham!

You will be a pivotal member of the Credit Risk function taking on the role of our Credit Risk subject matter expert within our innovative Deals team; you’ll form part of a brand new team at the Society shaping the future of our lending partnerships.

You will identify and evaluate opportunities for inorganic lending partnerships, such as forward flow agreements, and acquiring existing lending portfolios playing a crucial role in the team's success.

As a key player in the Deals team, you'll take charge of assessing lending assets from start to finish, overseeing the design and implementation of due diligence activities. Additionally, you'll be entrusted with the ongoing monitoring of the performance of the inorganic lending portfolio.

Here’s a taste of what you will be doing: -

  • Proactively identify partnership opportunities with innovative lenders through market research and networking
  • Evaluate potential partners based on lending quality and expected profitability
  • Make recommendations to the Head of Deals and the Executive team, aligning with the approved risk appetite
  •  Design and deliver Credit Risk due diligence for prospective partners and support on approval processes by preparing and presenting papers to governance committees / Board supported by the Head of Deals
  • Lead the review, negotiation and agreement of lending policies, including credit scoring and affordability thresholds
  • Evaluate prospective partners’ underwriting practices, occasionally supervising third party testing
  • Model prospective lending balance ensuring key constraints are reflected in contractual agreements
  • Monitor and track inorganic lending portfolio performance, ensuring alignment with risk appetite and contractual parameters
  • Review exception cases referred by partner underwriters
  • Attend Retail Credit Risk Committee, holding responsibility for the inorganic lending portfolio

About you: -

  • Experience of producing and owning Lending Policy and appetite statements
  • In depth knowledge of different types of lending, the PRA Rulebook, FCA Handbook, MCOB, Consumer Duty and SS20/15
  • Experienced member of Retail Credit Committee with the ability to influence stakeholders of all levels
  • The ability to think at both strategic and tactical levels and move effectively between the two, including being able to consider the risk implications of both current and future business activities
  • Complex problem resolution capability with the ability to articulate innovative solutions
  • Good decision-making with an ability to exercise sound judgment on a consistent basis
  • Strong continuous improvement, quality and process management focus

Reward & Benefits: -

  • A fair and competitive salary evaluated against market data, annual discretionary bonus scheme, Medicash healthcare scheme, 27 days annual leave plus bank holidays, holiday purchase scheme (buy up to 5 days) and enhanced family leave
  • Commitment and dedication to your ongoing personal and professional development. We help you to own and grow your potential so you can be at your best in your current role and to support your future career aspirations
  • Flexible and hybrid working to encourage a work life balance, we want you to be at your best inside and outside of work
  • A friendly and inclusive culture where teams genuinely strive to do the right thing by their colleagues and our customers
  • A strong sustainability agenda – we’re continually finding new ways to be kinder to the environment by reducing our carbon footprint
  • We’re passionate about giving back to the communities in which we serve as well as supporting local charities as part of the Samuel Fox Foundation. One of the many ways you can get involved is to use the 2 days per year paid leave to volunteer for causes or charities that are important to you
  • Your health and wellbeing is our priority, we encourage this through a suite of support resources, including a team of trained mental health first aiders

 Embracing Diversity Together: -

We proudly embrace and celebrate diversity as a fundamental cornerstone of our values. We believe that a diverse and inclusive workplace is not just essential for our success but is also a reflection of the vibrant communities we serve. Our commitment to diversity extends beyond our internal culture to the way we approach advertising and engage with our customers.

Our commitment means actively working to eliminate barriers and biases that may hinder equal opportunities within our organisation. We strive to ensure that all individuals, regardless of background, have an equal chance to thrive and advance in their careers.

We acknowledge that diversity is not just a goal to be achieved but a continuous journey toward creating an environment that embraces differences and promotes equal opportunities for all. We are committed to fostering an inclusive culture that encourages collaboration, creativity, and a sense of belonging for every member of our community.


About Us

So, what does #LifeatThe Nottingham look like? We’re a mutual, which means we don’t have shareholders. Instead, we’re owned by our members and use our money to do good, investing in our community, responsible causes, and – well, you. So, we’re always striving to do the right thing for our team, communities and members. 

Although our history spans 170 years, our purpose of helping our members save, plan for and protect their financial futures is enduring. This means supporting them through all of life’s key milestones. From providing a safe place for their savings, help and support finding and funding their home, insuring their assets and planning for their families and their future.

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