Head of Credit Risk IT

Candlewick
9 months ago
Applications closed

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Head of Credit Risk IT

City of London (Hybrid)

£125,000 - £135,000 per annum + annual discretionary bonus

On behalf of a prestigious City based banking organisation, I have an exciting opportunity for a Head of Credit Risk IT to join a newly formed but growing team.

The Head of Credit Risk IT leads the development, implementation, and management of technology solutions for credit risk management. This role oversees credit risk models, ensures data integrity, and provides strategic direction to enhance credit risk processes.

The company offers hybrid working but you must be willing to commit to a non-negatable 3 days per week in their City of London offices and therefore must be within easy commutable distance to London.

Responsibilities:

  • Develop and execute the Credit Risk IT technology strategy.

  • Provide visionary leadership and foster a culture of innovation.

  • Oversee the design and implementation of credit risk models and systems.

  • Integrate advanced analytics and machine learning techniques.

  • Ensure the accuracy and reliability of credit risk data.

  • Maintain and enhance credit risk databases.

  • Develop comprehensive credit risk reporting frameworks.

  • Provide timely and accurate risk reports.

  • Ensure compliance with regulatory requirements.

  • Adapt to regulatory changes.

  • Lead and develop a high-performing Credit Risk IT team.

  • Manage resource allocation and project prioritization.

  • Collaborate with Risk Management, Finance, and Operations.

  • Act as a liaison between IT and business stakeholders.

  • Manage the Credit Risk IT budget.

  • Oversee vendor relationships and contracts.

  • Drive continuous improvement initiatives.

  • Monitor industry trends and best practices.

    Skills/Experience required:

  • Minimum of 10 years in credit risk management with a focus on IT solutions.

  • Proven senior leadership experience in a financial services environment is essential.

  • Experience in developing and implementing credit risk models - preferably using FIS Adaptiv or Murex (alternatives potentially considered based on experience)

  • Proficiency in advanced analytics and data management technologies - preferably using Java

  • Ability to lead and manage high-performing teams.

  • Experience in strategic planning and execution.

  • Experience in managing large-scale IT projects.

  • Strong project management skills.

  • Excellent communication skills.

  • Proven ability to collaborate across departments.

  • CFA, FRM, PRM, PMP, ITIL certifications are advantageous

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