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Portfolio Risk Manager

  • Location: Manchester
  • Salary: Up to £60,000 per year
  • Job Type:Permanent

Posted 16 days ago

  • Sector: Credit Risk & Analytics
  • Contact: Nuhaa Mohamed
  • Contact Email:
  • Contact Phone: 0161 883 2762
  • Expiry Date: 16 October 2023
  • Job Ref: NM/10834

My Client is on the search for a Portfolio Risk Manager and take on  responsibility for credit limit management, risk based pricing and collections strategy.


Key responsibilities:

Own the IFRS9 model and work with Finance to produce monthly provisioning which reflects the risk of the lending book. 

Produce monthly management information which demonstrates changes in underlying IFRS9 inputs and outputs to alert Senior Management to any changes in assumptions. 

Be accountable for maintaining portfolio risk monitoring which provides an independent view of risk across all risk areas, i.e. new business, credit limit management, collections and financial crime. Ensure emerging risks are highlighted to Senior Management. 

Track the performance of credit risk models using population and characteristic stability indexes and work with Senior Managers to maintain scorecards. 

Present KRIs and other portfolio risk MI to the Credit Risk Committee (10 per year) 

Work with the external auditors to explain and backup the IFRS9 provision, providing additional analysis and samples as requested. 

Carry out ad hoc analysis to identify and understand new trends in customer account behaviour. 

Manage a Credit Risk Analyst who will be responsible for day to day running of the IFRS9 model and KRI reports. 

Build effective collaborations with other Credit Risk Managers and Analysts to ensure KRIs are suitable measure current risks. 

Provide SME input and direction in evolving the IFRS9 model in light of product developments, e.g. as we move to the new Financial Services platform. 

Key Requirements:

      You have a degree in a STEM subject. 

You would have previous experience as a senior analyst working in credit risk. 

You would be comfortable extracting and analysing large datasets using SQL. 

You have experience working with credit risk models and understand how to measure model performance and drift. 

You would have a working knowledge of IFRS9 provisioning and understand how the output impacts the business profitability. Previous direct management of an IFRS9 provision model is not essential. 

You should be highly analytical with a demonstrated ability to solve problems through logical thinking. 

You would have experience in a modelling package such as SAS or PYTHON. 

You have excellent presentation skills and are able to explain complex modelling in a simple and concise way, using the Microsoft Office suite. 

You must have excellent organisational skills to prioritise and deliver required output from yourself and your direct report accurately and in a timely fashion. 

You would be able to collaborate effectively by building good business relationships with your peers across the business, e.g. other credit risk and finance teams. 

You will be confident in owning your area of expertise and to justify and backup an approach to others, e.g. internal or external auditors. 

You will have demonstrated a high level of detail and routinely incorporate checks into your work to ensure accuracy. 

If interested, send your CV through to or give me a call on 0161 883 2762