Credit Risk Manager

Job Title: Credit Risk Manager (Interim FTC)

Location: London/Newcastle Hybrid

Salary: Up to circa £85,000 (pro rata)

Contract: Fixed-Term Contract (Interim)

Hours: Monday to Friday 9am to 6pm

Benefits:

30 days annual leave plus public holidays (pro rata)
Generous pension: 10% employer contribution (5% employee)
Fully funded private healthcare for you and your family, including cancer cover, mental health support, 24/7 GP access, and wellbeing benefits
Financial protection with income protection and life assurance (up to 8x salary)
24/7 support via Employee Assistance Programme and access to Mental Health First Aiders
Strong focus on development with extensive training and thousands of on-demand learning courses
Cycle to Work scheme and electric vehicle lease options via salary sacrificeAbout the position of Interim Credit Risk Manager:

An excellent opportunity has arisen for an experienced Credit Risk Manager to join an innovative, early-stage bank on an interim fixed-term basis. This is a high-impact, hands-on second line credit risk role, where you'll provide immediate support across BAU risk oversight, governance, and strategic change initiatives.

You'll play a key role in shaping how mortgage credit risk is managed across both first- and second-line activity, challenging and enhancing first-line credit decisions, models and lending frameworks while supporting the delivery of key projects, including new products such as Buy-to-Let (BTL) mortgages.

Working closely with underwriting, commercial teams and senior stakeholders, you'll quickly become an integral member of the Credit Risk function, helping ensure robust governance, regulatory compliance and effective credit risk management during a key period for the business.

This role offers significant exposure to senior management, Credit Risk Committees and Board-level reporting, making it ideal for an experienced credit risk professional who can hit the ground running and make an immediate impact.

Responsibilities for the role of Interim Credit Risk Manager:

Lead the development, challenge and enhancement of mortgage credit risk policy, including responsible lending standards and valuations strategy
Provide independent second-line oversight of first-line credit risk activities, including underwriting policy, exceptions and controls
Assess and challenge credit risk models, methodologies and decisioning systems to ensure suitability, accuracy and regulatory compliance
Translate complex data and analysis into clear credit risk insights, proposals and recommendations, driving implementation through the first line
Use credit bureau data and analytics to support and enhance automated credit decisioning
Support Credit Risk Committees and governance forums, contributing to effective risk-based decision-making
Produce high-quality MI, risk analysis and reporting for senior management, Executive and Board-level audiences
Apply advanced analytical and modelling techniques using tools such as SAS, Python, R, SQL, VBA and Power BI
Manage multiple workstreams in a fast-paced environment, supporting both BAU activity and ongoing change initiatives
Contribute to strengthening risk culture and supporting wider transformation projects across the business
Operate effectively within UK mortgage regulation (including MCOB) and broader regulatory requirementsExperience and skills required:

Proven experience in mortgage credit risk within a regulated UK lender (bank or building society)
Demonstrable experience developing, maintaining and challenging credit risk policies and lending frameworks
Experience assessing credit risk models, methodologies and decisioning systems
Background working across both first-line credit functions and second-line risk oversight
Strong understanding of UK mortgage regulation (including MCOB) and responsible lending principles
Experience using credit bureau data and supporting automated credit decisioning
Strong analytical capability with experience producing MI, insights and reporting for senior stakeholders
Proficiency in SAS, Python, R, SQL, VBA or Power BI
Mortgage lending experience (underwriting, credit risk or collections), with Buy-to-Let (BTL) experience highly desirable
Exposure to Credit Risk Committees and governance frameworks
Ability to quickly adapt, manage competing priorities and deliver value from day one in a fast-paced environmentFor more information regarding the role of Interim Credit Risk Manager, please contact us.

Stellar Select is acting as an employment agency and is a corporate member of the REC.

Due to a high volume of applications, we will only contact applicants who have been successful. We aim to contact successful candidates within two business day