Senior Risk Strategy Manager, Chetwood
Maternity Fixed-Term Contract
Digitally native financial services
Job no longer available
Digitally native financial services
201-500 employees
Job no longer available
201-500 employees
Company mission
To challenge every aspect of how financial services firms operate today.
Role
Who you are
- 8+ years experience within financial services in a Credit Risk/Analytical role, covering full credit lifecycle across both unsecured and secured lending
- Experience of making data driven decisions to drive strategic change and establish new business lines
- Deep understanding of IFRS9 provisioning frameworks and methodologies
- Ability to manage multiple stakeholders and complex relationships both internally and externally
- Excellent leadership capabilities and desire to grow staff professionally
- Ability and willingness to work in a fast paced start up environment
What the job involves
- Fixed Term Contract 6 months
- Leading the second line Credit oversight and IFRS9 provisioning functions for the bank, while providing analytical to support to other credit, model and prudential risk activities
- Lead the end-to-end provisioning of the bank, complying with latest IFRS9 and regulatory requirements, including supporting the end of year external audit
- Ensure the bank’s practices comply with IFRS9 regulations and the latest industry developments
- Work alongside data science to establish industry best practice for IFRS9 model governance
- Lead second line Credit oversight across end-to-end lifecycle for lending products, encompassing origination, account management and collections
- Ensure the bank remains within credit risk appetite via tracking of risk appetite metrics, monitoring emerging portfolio trends and supporting credit loss forecasting
- Manage the Rockstead re-underwriting process across external mortgage forward flow partners, establishing relationships with key stakeholders
- Oversee the development of IFRS9, Credit and Prudential risk models and ensure ongoing performance of the models is in line with the actual business performance
- Provide analytic support to formulation of prudential risk documents, including stress testing
- Conduct monthly one to ones with your team members. During this session, talk through tasks, workload, wellbeing and building a productive working relationship
- Conduct weekly team meetings
- Once a quarter within the one to one conduct a development discussion
- Respond to annual leave requests in a timely manner
- Lead the annual performance review process with your team
- Ensure work is planned and prioritised for your team
- Responsible for ensuring your team is aware of business performance and priorities
Salary benchmarks
Our take
Consumer frustration with traditional banking is rising steadily. Chetwood is one of a crop of digital-led financial services companies looking to take a more customer-centric approach to banking.
Chetwood markets itself as a digitally native bank which creates targeted products that are designed to better serve individual customers' needs. The company was founded by a former HSBC and Bank of America executive, which has helped Chetwood to identify crucially underserved sectors of the banking market. In 2022, Chetwood acquired long-term partner Yobota, which has allowed it to expand its BaaS offerings considerably.
Digital banking is a fast-growing and incredibly competitive market, and Chetwood will have to compete with both legacy banks (which are becoming increasingly digitised) and new disruptors, such as Zopa and Tymit. However, the company has displayed impressive agility and ambition. For example, Chetwood released its challenger credit card Wave in 2022. With its flexible approach to late payments, Wave is likely to attract a considerable user base in the coming years.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Aug 2020
$13.5m
GROWTH EQUITY VC
Mar 2018
$67.1m
GROWTH EQUITY VC
Total funding: $80.5m
Company benefits
- Life insurance
- Pension
- Private medical insurance (incl. dental & vision)
- Free breakfast & drinks
- Monthly social events
Company HQ
Wrexham, UK
Leadership
Andy Mielczarek
(CEO)Previously worked as the Head of Customer Service at HSBC, and was CFO of Marks and Spencer Financial Services. Also worked as First VP of Commercial Finance for Bank of America.
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