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SalaryHomeServe are currently recruiting for a Credit Risk Manager to join HomeServe Limited. The Credit Risk Manager is a new role in the HomeServe Consumer Finance business at Group level. The successful candidate will have previous experience in financial services and working well as part of a small team.
We work in a hybrid way, mostly remote with a requirement to travel into our Leeds or London office to work with the team. With that in mind you will be located within a convenient commute to either Leeds or London.
The role will be critical in supporting the business expand prudently in the early stages of growth and will be based in the London or Leeds office. The role will establish strong risk foundations and help create a dynamic risk culture.
It will focus on monitoring, identifying, assessing, and mitigating Credit Risk within HomeServe Consumer Finance. It will conduct in-depth analysis of various Credit Risk factors, develop strategies to manage those risks effectively, and provide actionable insights to the senior team. The role will cover acquisition (risk decisioning and underwriting) as well as in-life analysis (performing and non-performing loans, book analysis).
RESPONSIBILITIES
1. Risk Identification: Using various methods such as data analysis, scenario planning, and industry research to identify potential and emerging Credit Risk attributes across different business areas.
2. Risk Assessment: Evaluate the likelihood and potential impact of identified risks on the HomeServe Consumer Finance objectives, financial performance, and reputation. Develop risk assessment frameworks and models to quantify risks accurately.
3. Risk Monitoring and Reporting: Monitor key risk indicators (KRIs) and early warning signals to detect emerging risks. Prepare regular risk reports and dashboards for senior management and relevant stakeholders, highlighting trends, vulnerabilities, and recommended actions. There will be a significant focus in the early months of the role in developing the MI capability, reporting and risk monitoring both for HomeServe and any third-party bank funders.
4. Risk Mitigation Strategies: Collaborate with cross-functional teams to develop and implement risk mitigation strategies and controls. Assess the effectiveness of existing controls and recommend improvements to enhance Credit Risk management processes.
5. Compliance and Regulatory Oversight: Stay up to date with relevant regulatory requirements and industry best practices related to risk management. Ensure the organisations risk management practices are compliant with applicable laws, regulations, and standards.
6. Stress Testing and Scenario Analysis: Conduct stress testing and scenario analysis to assess the resilience of the organisation to adverse events and market shocks. Identify potential weaknesses in the business continuity plan and recommend enhancements.
7. Risk Governance and Documentation: Support the development and maintenance of risk management frameworks, policies, and procedures including recommending changes to the HomeServe Consumer Finance Credit procedures. Ensure proper documentation of risk assessments, mitigation plans, and decision making processes.
