Credit Risk Manager, Tandem

• Education: Bachelor’s degree in maths / stats, finance, business, economics, or other quantitative related field
• Knowledge: a good knowledge of consumer credit risk management
• Knowledge: good understanding of mortgage, personal loans and motor finance products
• Experience of building scorecards, IFRS9 modelling and Stress Testing
• Computer skills: Proficiency in Microsoft Office, excellent programming skills (SAS, SQL, Excel), with working knowledge of R or Python
• Time management skills: good time management skills, the ability to effectively prioritize tasks, maintain timelines and manage/plan workloads effectively
• Good communication skills, both written and verbal with experience of tailoring communication for different audiences
• Analytical mindset with the ability to use data to drive decision-making
• Proactive and innovative approach to problem-solving

Desirable

• The Risk Measurement team sits within Credit Risk and ultimately the Risk & Compliance function (2nd line of defence). The Risk Measurement team is responsible for developing and maintaining Tandem’s impairment related models – this includes stress testing / scenario analyses, Credit Risk ICAAP Pillar 2A/2B models. This team is also responsible for producing the monthly impairment charge and quarterly impairment forecasts
• Tandems lending products include 1st and 2nd charge mortgages, Secured Motor loans and Home Improvement Loans
• As a Credit Risk Manager at Tandem, your focus will be to support the Risk Measurement team to enhance credit risk models including ICAAP P2A stress testing models, impairment actuals and impairment forecasting models. This will include
• Lead the development of impairment models reporting to ensure it meets best practice, policies and standards as appropriate. Enhancements to focus on impairment charge insights relating to actuals vs forecast variance drivers and drawing out variance drivers and feedback loop into front-end and back-end credit strategy
• Build out internal impairment related MI and support ad-hoc deep-dive analyses and requests from internal and external stakeholders
• Present impairment related MI and insights at relevant forums / working groups including impairment working groups, technical model working groups, and credit committee where appropriate
• Implement impairment modelling enhancements and take proposed modelling changes through Technical Model working group and credit committee governance. Where appropriate, support governance workstreams with other stakeholders including Internal Audit and Independent Model Validation partner
• Work with Data team to ensure delivery of Risk Measurement data requirements (for MI, credit risk models etc.)
• Support delivery of enhancement to ICAAP stress testing P2A and P2B models. Work with internal (Product teams) and external (Bureau) dependencies ensuring appropriate link is maintained across BAU forecast models and ICAAP stress testing modelling
• Develop effective relationships with internal stakeholders - includes Product, Operations, Finance and Compliance
• Work with external stakeholders including 3rd party consultancies and Bureau to ensure availability of appropriate data to deliver Risk Measurement team goals
• Adapt communication style and approaches to articulate findings, business impacts and recommendations confidently and effectively, in particular, with respect to written and verbal communication at Heads of and Director level
• Deputise for Risk Measurement – Senior Manager on impairment related items where appropriate
• Share best practices with Risk Measurement team and with wider Credit Risk team, with particular focus market leading practices on credit risk analytics, impairment, stress testing and insight reporting