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Head of Credit Risk

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Oodle Car Finance

2mo ago

  • Job
    Full-time
    Senior Level
  • Data
    Banking & Finance
  • Manchester, +1

AI generated summary

  • You must have 8+ years in Credit Risk, strong SQL/Python skills, advanced strategy knowledge, leadership experience, and excellent communication to convey complex ideas effectively.
  • You will guide credit risk strategies, chair committees, align teams, support product execution, manage relationships, and oversee junior staff while ensuring compliance and positive customer outcomes.

Requirements

  • At least 8 years Credit Risk experience in a challenging, fast-paced environment (e.g. FinTech, banking), preferably in financial services
  • Ability to understand the technical side of the team (SQL and Python).
  • Advanced knowledge of Credit Risk strategies and assessment.
  • Problem-solving and analytical skills: you can quickly understand a new problem, identify key drivers behind specific outcomes, and develop a data driven approach to impact outcomes.
  • Product sense: you understand trade-offs between competing priorities and constraints and tend to make correct decisions despite uncertainty.
  • Proven leader: you have led multiple teams and have coached junior colleagues.
  • Excellent written and verbal communication: you can explain complex concepts to a non-specialist audience, presenting a clear, fact-based narrative, securing ExCo/Board buy-in
  • Interpersonal skills: you quickly build trust and personal relationships within and outside your team, know when to seek consensus or escalate a conflict depending on the situation.
  • Understanding of areas such as technical platform and data interactions, Provisioning, Open Banking, and Underwriting would be advantageous.

Responsibilities

  • Leverage credit risk expertise to support the business in making informed decisions and take responsibility for sharing credit risk knowledge across the organisation.
  • Chair Credit Risk related committees presenting to the Executive Committee and Board members.
  • Use loss forecasting and stress testing to guide strategic direction.
  • Create and continuously evolve the governance and monitoring framework and develop long-term strategies for the team.
  • Work closely with product, operations, commercials, and data teams to align on common goals and priorities that deliver the best outcomes for both the business and customers.
  • Support product teams to deliver great outcomes, including guiding the team on execution or helping resolve stakeholder challenges.
  • Understand the regulatory landscape to achieve balanced outcomes that align commercial goals, customer needs, and regulatory requirements.
  • Provide day-to-day support and development to junior team members while effectively managing relationships with senior stakeholders.
  • Work with the Data Science to evolve bespoke risk assessments.
  • Work with Operations to execute good customer outcomes.

FAQs

Do we support remote work?

Yes, we operate in a hybrid format, allowing for both in-person collaboration in the office and remote/home working.

Do we support medicare?

Yes, we offer private medical insurance via Vitality, which includes reward schemes for employees and their families.

What is the location of the job?

The position can be based in either London or Manchester.

What are the working hours for this position?

The working hours are Monday to Friday, 9 am to 5:30 pm, totaling 37.5 hours per week.

Is there a discretionary bonus scheme?

Yes, there is a discretionary company bonus scheme available for employees.

How many holidays do employees receive?

Employees are entitled to 25 days of holiday, which increases to 28 days after 3 years of service, in addition to bank holidays.

Are there opportunities for career development within the team?

Yes, there is an emphasis on day-to-day support and development for junior team members, along with opportunities to lead and manage relationships with senior stakeholders.

What qualifications are necessary for this role?

A minimum of 8 years of Credit Risk experience in a challenging, fast-paced environment is required, along with proficiency in SQL and Python.

Will I be involved in strategic decision-making?

Yes, you will leverage credit risk expertise to support business decisions, guide strategic direction using loss forecasting and stress testing, and present to the Executive Committee and Board members.

Are there any employee discounts offered?

Yes, employees have access to various discounts that they can utilize anywhere, anytime, for all major shops.

What kind of support is provided for mental health?

We provide 6 free counselling sessions via our Employee Assistance Programme (EAP) to support mental health.

Is there a focus on community involvement?

Yes, employees are given one volunteer day per year to give back to the community.

What skills are emphasized for this role?

Critical skills include problem-solving, analytical skills, effective communication, and the ability to build personal relationships while navigating complex issues.

Are enhance family leave policies available?

Yes, we provide enhanced family leave for both primary and secondary caregivers.

How does the hiring process work?

The hiring process comprises a preliminary interview, a video interview focusing on competencies and technical skills, and a final interview with the Head of Product.

What qualities do you look for in a candidate?

We seek candidates who embrace empathy and diversity, demonstrate a commitment to continuous improvement, collaborate effectively, are honest, and always put the customer at the center of their decisions.

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Oodle Car Finance

Get car buying confidence - buy a used car at any trusted dealer with pre-approved and portable finance.

Finance
Industry
501-1000
Employees
2016
Founded Year

Mission & Purpose

We’re the fastest growing motor finance company in the UK, and we're on a mission to inspire car buying confidence at every step. We believe that sorting the finance first is the best way to buy a used car. That's why we've flipped car buying on its head to give customers the confidence and control of a pre-approved budget; car finance which can be used to buy a car online or in-person from any trusted dealer. We've already helped over 150,000 customers get the best used car for their budget, and we're delighted that our customer-centric approach has gained us the coveted five star rating on Trustpilot. We bring new partners into our Oodle Approved dealer network every day. So if you’re a dealership and you'd like to work with us, please get in touch. Our success comes from our partners and our people. We're committed to nurturing a strong shared-values team and creating a brilliant place to work. 🏆 7th best financial services company to work for in the UK 🏆 9th best large company to work for in London 🏆 42nd best large company to work for in the UK