Credit Risk Manager

Location Remote
Contract Type Permanent
Hours Full time

We’re Atom…

The bank that’s leading the fintech charge.

We’re not like the rest. We’re true innovators, and we’re redefining what a bank should be. Ours is a bank for today and the future, a mobile-first bank. Forget the stuffy branches, with Atom you can bank whenever, wherever, faster, and simpler.

Based in Durham, we’re committed to bringing world-class career opportunities and developing a strong tech culture in the North East. Our team currently has over 450 brilliant people and is still growing; could you be the next innovator to join us?

What’s it all about?

The Credit Risk team is responsible for credit risk management across the entire customer journey.

The Credit Risk Manager is responsible for delivering the ongoing review and implementation of credit policy across existing and new business lending products.

They are responsible for the reporting and analysis of lending product performance and using insight from this analysis to develop proposals to adjust lending strategy to maximise the profitability of the lending portfolio.

They work with the Decision Systems team to deliver and manage automated decision systems to provide efficient and cost-effective account opening and customer management across Atom’s business lending product range ensuring that Atom policies can be effectively applied with minimal levels of manual intervention.

The Credit Risk Manager also works with the Collections team to deliver effective collections, workout and recovery strategies to effectively control losses.

What will your ‘typical’ day look like…. (Different that’s for sure):

As a Credit Risk Manager at Atom bank, your responsibilities will include:

  • Support the development of new business credit risk policies including credit scoring and affordability decisions to support Atom’s mortgage lending growth agenda whilst maintaining control of credit quality and performance
  • Design, implement and manage champion/challenger tests to progressively refine lending strategies
  • Perform regular, comprehensive credit reporting and investigative analysis on new business and portfolio performance and identify improvements to policies and procedures
  • Research and investigate trends and issues affecting the performance of homeowners and the provision of financial products to these businesses
  • Preparation and presentation of Credit Committee papers relating to portfolio performance and policy proposals
  • Perform regular quality assurance of underwriting and account management activities
  • Ensure that all credit data and credit models are thoroughly and accurately documented and tested
  • Be a source of expert knowledge on mortgage products.

What do we need from you?

  • Programming, database extraction and reporting experience
  • Strong data interpretation/interrogation skills, including data manipulation and analysis techniques, to create meaningful insight
  • Proficient user of SAS, R or similar
  • Strong MS Office skills, in particular MS Excel
  • Good verbal and written communication skills
  • Build effective working relationships with stakeholders
  • Strong attention to detail
  • Proactive, hardworking, flexible, and able to work under own initiative
  • Highly numerate, preferably backed by a strong quantitative degree, ideally from a mathematics, statistics, operational research, economics, finance, or related subject
  • Min 5 years’ experience in credit risk management in financial services particularly with a focus on mortgages.

What would we ideally like from you?

  • Experience of building scorecards, decision trees and related statistical models
  • Knowledge of loss forecasting methods
  • Experience of IFRS9 and IRB models.

What’s in it for you?

  • 4 day working week
  • Flexible and hybrid working
  • Annual Share Option – performance related
  • Incredibly generous company pension scheme (maximum of 13% of Atom input – candidate can put in more)
  • ‘All About Me’ fund: £200 per year to spend on personal development
  • 25 days holiday + 8 statutory days (rising by half a day with every year in the company)
  • Private Medical Insurance for you and full family
  • Health Cash Plan – expenses paid on Optical/Dental/other appointments/treatments
  • Life Insurance – 4 times annual salary
  • Critical illness cover – 1 x lump sum annual salary
  • Cycle to work Scheme
  • Continuous development – professional qualifications and career pathways
  • Challenging and exciting working environment.

PLEASE NOTE: You must have the legal right to work in the UK to apply for this role as Atom Bank are unable to support Visa Applications/Sponsorship