Senior Credit Risk Modeling Manager

MotoNovo Finance
Cardiff (Caerdydd)
Up to £80,000 per annum Plus competitive bonus structure
12 Jul 2017
20 Jul 2017
Senior Credit Risk Modeling Manager Excellent Salary and Benefits Location – MotoNovo Finance, Cardiff City Centre MotoNovo Finance is one of the leading independent finance providers in the UK. With over 40 years’ experience within an ever-changing and fast paced industry, we are dedicated to providing value-added Finance & Insurance products for customers looking to fund their next vehicle. MotoNovo has recently embarked on a journey to diversify and expand its current highly successful operation into adjacent Finance & Insurance markets within the UK and Europe and as our business evolves and grows, having already established a consumer finance business in 2016, it is vital that we are equipped with the expertise and vision to drive us forward and take our business to the next level. Reporting to the Head of Credit the Credit Risk Modeling Manager will play a leading role in defining the credit modeling strategies across the various markets in which the Company operates in line with regulations, accounting standards and Group model governance frameworks and also play a key role in the implementation of the models across various business areas to optimize decision making. The candidate will be leading and developing a team of credit risk and analytical experts to build and deliver industry leading Credit Risk strategies . We are seeking an individual with a proven-track record as a senior and effective manager, as well as extensive credit risk experience. Advanced knowledge of IRB and IFRS9 credit modeling techniques across retail, wholesale or SME portfolios as well as experience in SAS, R and other programming languages You will need to establish collaborative working relationships with a range of colleagues and stakeholders, and will ultimately be responsible for the day-to-day management of the business unit. Responsibilities: 1. Leading and motivating others and taking complete ownership for end to end project delivery 2. Communicate effectively to both technical and non-technical colleagues including management and have the ability to influence and manage a diverse range of stakeholders 3. Provide technical leadership on all aspects of advanced statistical/technical developments and analytics 4. Lead the IRB and IFRS9 model development, validation and monitoring for all credit portfolios across the business (including Retail, Wholesale and SME), as well as compliance 5. Manage and continually develop a robust stress testing and forecasting approach and framework 6. Ensure consistent, accurate and timely reporting to all relevant Group Committees and forums 7. Interact with the Pricing and Profitability team to ensure profitability measurements reflect accurate credit parameters 8. Maintain and develop the analytical approaches to optimize credit risk capacity and appetite 9. Keep abreast of emerging regulatory issues that affect the industries in which the Company operates 10 Maintain a comprehensive and up to date knowledge and understanding of MotoNovo Finance products and services, providing accurate information and proactively promoting them where appropriate. Ensure that TCF outcomes are adopted and good customer outcomes are achieved within the areas of responsibility. 11. Maintain an up-to-date knowledge of regulatory and legislative information related to MotoNovo Finance products and services (e.g. ICOB, FCA Rules, Money Laundering, Data Protection, etc.) as advised by Line Management. Ensure all Money Laundering issues are reported appropriately. 12. Maintain good knowledge and understanding of all relevant policies and procedures relevant to the role, being compliant with these policies and procedures at all times. 13. Treat customers fairly and aim to deliver fair customer outcomes in all of our day-to-day processes. 14. Ensure team are aware of their responsibilities in regards to Treating Customers Fairly. 15. Work as part of a team – supporting, motivating and assisting colleagues in the operation of the department. Carry out one to one reviews, conduct annual appraisals and interim performance reviews as well as completing probation reviews. 16. Recognise, recommend and where appropriate implement improvements to processes and procedures, ensuring that the efficiency, effectiveness and compliance of the department is maintained and activities are in line with current methods. Encourage ideas and suggestions from employees to help achieve strategic aims. 17. Ensure that all system based records are maintained in an accurate and timely manner (and ensure that data integrity is maintained at all times) as prescribed by regulatory, legislative and company procedures. 18. Continue to develop self and role by studying relevant training materials and product information and continually develop and improve product knowledge. 19. Regularly review and evaluate management information to maximise the performance of the department. Ensure this information is provided and communicated in an appropriate and timely manner. 20. Ensure regional compliance with legislative and regulatory requirements, including not exhaustively; Credit Consumer Act, Data Protection, Anti Money Laundering, Health and Safety, FLA, Employment and other legislative requirements (as applicable). 21. Ensure that prompt and regular communication and support is maintained between all internal and external parties to ensure seamless and consistent service levels are maintained at all times, reporting exceptional matters to line management. 22. Maintain and review department policies and procedures, or create new ones as required to ensure they are sufficiently robust. Ensure processes are adhered to fully, recognising, recommending and where suitable implementing improvements. 23. Delegate and oversee work undertaken ensuring the department operates effectively and efficiently and that all administrative tasks are completed to a high standard. 24. Establish efficient operating standards to ensure that all costs are controlled and monitored in accordance with approved budgets and in addition to promote a culture of cost consciousness throughout the Company. 25. Where necessary maintain laid down standards of discipline, rules and regulations in relation to recruitment, training, performance reviews, grievances, disciplinaries and counselling. 26. Be responsible for dealing with the more complex enquiries from both staff and external sources to provide an informed response which results in a TCF outcome for those concerned. 27. Ensure suitable staff levels are maintained and that staff are trained and fully aware of their responsibilities to achieve set objectives. These goals and objectives are to be communicated to all staff. The job holder will be receptive to ideas and suggestions from employees to help achieve strategic aims. Undertake any other reasonable tasks as requested by senior management MotoNovo Finance is proudly recognised as an employer of choice, attaining the Gold Standard from Investors In People award and the 3 Star Best Companies Accreditation in 2016. We have also been rated one of the best Mid-Sized Companies to Work For in the UK by The Sunday Times in 2015, 2016 and 2017. Everyone in our team can expect class-leading development and support, a competitive remuneration package and feel part of a real success story with exceptional benefits. Have you got what it takes to become part of the winning team? This job was originally posted as