# Head of Credit Risk

**Company:** [Kroo Bank Ltd](http://jobs.workable.com/companies/mNuhC1Zs8rtCgTpkebJapi.md)
**Location:** London, United Kingdom
**Workplace:** hybrid
**Department:** Risk & Compliance

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## Description

Reporting to the Chief Risk Officer, the role holder will be responsible for ensuring the Credit Risk function meets its objectives of risk control, impairment management, revenue generation through a credit lifecycle, and business enablement, while developing and implementing strategies to safeguard the bank's financial stability.

## Requirements

-   Oversee the identification, assessment, and mitigation of credit risks across the bank's portfolio including personal loans, overdrafts and forward flow funding;
-   Ensure credit policies and procedures are robust, align with regulatory requirements, and support the organisation’s strategic objectives, including PD, LGD, EAD, and Expected Loss models; 
-   Provide oversight and challenge of credit underwriting standards, portfolio balance, and impairment frameworks and models; 
-   Independently report on quality of the credit portfolio, optimise risk reward balance, and foster a culture of prudent risk management;  
-   Make contributions to the credit risk appetite process for the Bank;
-   Develop the stress testing requirements under the ICAAP;
-   Provide credit expertise input into the SWDP and RRP;
-   Ensure optimal compliance with PRA/FCA regulations and support regulatory interactions 
-   Ensure implementation and compliance of the consumer data protection principles in relation to credit processes;
-   Drive transformation initiatives across credit policies, systems, and workflows; 
-   Lead the credit risk components of New Product Approvals and Annual Reviews. 

  
Individual Conduct Rules: 

Rule 1: You must act with integrity. 

Rule 2: You must act with due skill, care and diligence. 

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators. 

Rule 4: You must pay due regard to the interests of customers and treat them fairly. 

Rule 5: You must observe proper standards of market conduct.

### Requirements:

-   10 years experience within UK financial services;
-   A degree in business administration in either Finance, Business, Economics, Mathematics/Statistics;
-   In-depth understanding of the credit risk and requirements for both secured and unsecured lending;
-   IFRS9 proficient and application;
-   Exposure to the other areas of risk management (market risk, enterprise risk management, operational risk, liquidity risk, capital risk etc.) will be an added advantage; 
-   Previous experience in dealing with the following products: unsecured personal loans, overdrafts and forward flow financing.