Job Introduction
Main Responsibilities
UKR is the independent risk control function within the Bank and acts as the second line of defence (2LOD) and provides independent oversight and risk management across the Bank’s principle risks i.e. credit, financial and operational risk.
UKRK is responsible for independent credit risk control, providing credit related governance, portfolio management, delivery of IRB programme and input into various Bank wide activities where credit subject matter expertise is required. Key strategic areas of activity include ICAAP, IRB and risk framework embedment. The breadth of the deliverables, coupled with the fact that processes and analytical capabilities are continuously being developed demands a flexible and collaborative approach from team members.
This is vital to ensure solid team performance, in cooperation with the business, and across the Risk area. This role will lead the transition of our credit risk portfolio management capability to its strategic state which aligns with the PRA's expectations.
The successful applicant will take a leading role in enhancing of the Bank’s portfolio management capabilities, working across the existing risk control function to develop portfolio oversight and analytics, working with our data and model development teams.
Responsibilities include, but are not limited to;
• Lead the strategic development of credit portfolio management capability, including data analysis and insights, scenario analysis, oversight reporting and insight sharing. That includes:
o Leading and conducting data-led thematic reviews on identified or emerging risks as well as embedding improved data governance into daily work;
o Contribute to credit risk requirements during the development of new systems and databases as well as embedding the ones already launched within our credit risk monitoring capabilities;
• Embed IRB and IFRS 9 model outputs into the Bank’s portfolio MI;
• Provide portfolio oversight for the Bank’s portfolio and communicate insights to various management levels across the Bank.
• Provide insight to strategic objectives through the integration of IRB models in the bank.
• Actively promotes and ensures adherence to the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring timely and appropriate escalation of concerns to relevant senior stakeholders.
Ideal Candidate
Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying…
• Have minimum 5 years of relevant experience working in financial services, including solid understanding of credit lending processes, IRB models and regulation (CRR, EBA, PRA);
• have a strong analytical background and good numerical skills;
• Hands on experience from one or more statistical data programmes such as SAS, SQL.
• be able to demonstrate leadership skills and the ability to build cross functional teams.
• be passionate about supporting people develop.
• be comfortable challenging and influencing stakeholders including senior management.
• be able to balance risk and reward, being prepared to make a decision / recommendation.
• be proactive and able to act on their own initiative.
• deliver high quality outcomes.
• have an ability to communicate, analyse, articulate and present complex issues clearly and concisely both verbally and in writing.
• have excellent attention to detail.
• be able to work in an organised yet flexible manner and be able to prioritise tasks efficiently.
Company Information
Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.
The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.
Check our Handelsbanken website for further information
At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.
What is in it for you?
- We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
- Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
- A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)
Application next steps
Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.
There will be a two stage interview process.
How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process – just let us know by email uk_talent@careers.handelsbanken.co.uk.
This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.
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