JOB DESCRIPTION

Job Title Date & Version Control

Senior Credit Risk Manager Date: 19 May 2021
Version: 1.0
Name of Post holder:
Produced by:
Gary Hodson

Reports to Direct Reports

Head of Financial Risk Credit Risk Analyst

Job Purpose & Scope

Responsible for embedding and maintaining an effective risk management framework that enables
well informed decision making, managing and monitoring of the portfolio and contributing to future
product development.

This role is within the scope of the FCA/PRA Certification Regime.

Duties and Key Responsibilities

Policy & Regulation

• Responsible for the Credit Risk policy, Responsible Lending policy and Arrears policy.
• Provide Credit Risk expertise to any reviews of potential changes to the Terms and Conditions of
existing mortgage products as well as for any potential new products being considered by the
Product Governance Committee.
• Review current and future mortgage regulation and legislation to identify, design and implement
any changes required to the Credit Risk, Responsible Lending, Arrears or Interest Only policies as
necessary.
• Obtain clarification of legal matters affecting mortgages from relevant external professional
bodies.
• Research and report on the methodology of administering and managing credit risk aspects of
new mortgage products, which includes creation of processes, procedures, expected system
functionality and legal documentation
• Ensure that all systems and procedures relating to mortgage credit risk and operations are fully
compliant with all relevant legislation, regulation, codes of practice and internal control manuals
• Assist the CRO and Head of Financial Risk in defining risk appetite, strategy, policies and risk
control frameworks.
• Provide oversight, challenge and advice to all credit risk stakeholders with an additional
responsibility to ensure risk awareness is embedded across the business.
• Involvement with project specific assignments as may be required from time to time.

Monitoring & Reporting

• Provide subject matter expertise on Mortgage Credit Risk, enabling full reporting to Credit
Committee, Board Risk Committee and Board. The role holder will also provide input to
regulatory visits on Credit Risk.
• Monitor monthly performance of the overall mortgage credit risk with the purpose of identifying
developing trends and escalating any concerns through the appropriate channels.

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• Produce monthly/quarterly and ad hoc business reports for relevant committees and Board,
attending meetings as required.
• Monitor and control the Leek United Home Loans mortgage book.

Operational & Conduct Management

• Ensure that staff, systems and procedures are customer centric, thereby meeting the Society’s
Conduct Risk commitment.
• To identify, assess and mitigate as appropriate, all business risks in relation to own role and
ensure that departmental registers are maintained for all such risks.
• Conduct regular individual/departmental meetings to exchange information and review progress
against all service and business targets.
• Lead, manage and coach direct reports to achieve required results.

General
• Carry out any other duties as may reasonably be required.

General Obligations & Responsibilities

Conduct Rules
All employees are expected to act in accordance with the PRA and FCA Conduct Rules:
• You must act with integrity
• You must act with due skill, care and diligence
• You must be open and co-operative with the FCA, the PRA and other regulators
• You must pay due regard to the interests of customers and treat them fairly
• You must observe proper standards of market conduct

Financial Crime
All employees are expected to:
• Be aware of their personal legal obligations and the legal obligations of the Society in relation
to Financial Crime
• Be aware of the Society’s Anti-Money Laundering systems and controls and follow the
Society’s procedures
• Be alert for anything suspicious in respect of money laundering or fraud and report any
suspicions in line with internal procedures
• Do not discuss any suspicions with anyone outside of the Society and do not ‘tip off’ a
customer or prejudice an investigation

Certification Regime Obligations

This role has been deemed a Certification function as it is required to perform a Significant Harm
Function or other regulatory function (“Regulated Activities”) for which the Society is required to
certify the role holder with the Regulators as fit and proper.

Senior Manager Regime Obligations

Not applicable to this role

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Person Specification

Qualifications & • You will have a good academic record but a proven ability to do the job
Knowledge is most important.

Experience • Experience working in a relevant market/context. It is essential that you

have a strong understanding of the concepts of credit risk management,
particularly in relation to the UK mortgage market.

Skills & Abilities • Excellent communication skills are required, including interpersonal and
presentation skills.
• Negotiating skills.
• Strong leadership skills are required to deliver results whilst addressing
changing priorities.
• Supervisory skills essential with the ability to motivate and develop staff.
• Ability to work as part of a diverse team but also on own initiative is
essential.
• Keyboard skills and knowledge of Excel and Word essential.

Other • Adaptable and flexible, able to respond quickly to changing priorities.

Requirements • Understands business implications of decisions; demonstrates knowledge
of market and competition.
• Has the ability to identify and resolve problems in a timely manner; able
to develop alternative solutions.
• Demonstrates accuracy and thoroughness.