Company: Triodos Bank
Location: Bristol, United Kingdom
Employment Type: Full-time
Description:
Who we are:
Triodos Bank is an award-winning organisation and one of Europe’s leading sustainable banks, whose mission is to make money work for positive social, environmental, and cultural change. We offer a wide range of banking services for people who want to use their money consciously – from current accounts through to investments and savings. We only finance companies, organisations and projects that benefit people and the environment. Our mission is –
• To help create a society that promotes people’s quality of life and that has human dignity at its core.
• To enable individuals, institutions, and businesses to use money more consciously in ways that benefit people and the environment and promote sustainable development.
• To offer our customers sustainable financial products and high-quality service
We’re a certified B Corporation, meaning that we are part of a community of businesses driving the shift to a new kind of economy, that is better for workers, better for… communities and better for the environment.
The Opportunity
We are delighted to be recruiting for a Head of Credit Risk to join our established and highly regarded Risk function at Triodos Bank UK (TBUK).
The Credit Risk team has an overarching responsibility for review, challenge, and approval of lending within TBUK and the function is a guardian of the mission-driven lending, so that the Bank builds a healthy, high-quality credit portfolio, with a particular specialism in the SME market and the Housing Association, Health Care and renewables sectors. The Credit Risk team comprises a mix of Credit Analysts and Special Asset Management with a responsibility for supporting any customers in default. Credit Risk actively promote and nurture a healthy credit culture across Triodos Bank, enhancing local and international cross-pollination and transfer of best practices, and helping align these with UK/Group-level strategic targets.
Reporting to the UK Chief Risk Officer (CRO) the Head of Credit Risk will play a crucial role in contributing to the Bank’s strategic development and demonstrating strong personal commitment to the mission and values of the Bank. The Head of Credit Risk works closely with the UK management team, in particular the Business Banking Director and co-workers across Finance, chairs the UK Credit Committee, attends the Group’s Credit Committee and manages some key external relationships with professional advisors.
You Will
• Lead the Credit Risk team function, which includes setting the second line credit risk strategy, providing leadership, plus mentoring and supporting team members with their own personal development.
• Set the direction and approach to the strategic assessment, review and monitoring of credit risks and controls. This includes assessing the implementation, the embedding, through to on-going adequacy these controls.
• Provide specialist expertise in building and maintaining the portfolio level credit analysis and reporting of Business Lending to facilitate decision making at all levels within TBUK, will identify risk concentrations and correlations and propose the appropriate mitigations.
• Oversee and validate all relevant models (e.g. credit scoring, expected credit loss and stress testing) deployed by TBUK on Business Lending credit exposures, and provide input and insight into the Bank’s ICAAP and other financial considerations.
This role is designated as a Certification Regime role within the Senior Managers and Certification Regime under the category “Significant Management” because the role has a high level of responsibility and autonomy of action within the authority delegated to it.
This role has a high degree of autonomy and offers the benefits of hybrid working with a blend of office and remote working. Typically, this would require 2 days in our Bristol office per week, with a choice of working from home on the other days. Use of the Edinburgh/London offices may also be available and some travel to our Group Head Office in the Netherlands will be required.
What We Are Looking For
To be successful in this role you will have extensive experience in all aspects of SME lending, underwriting of commercial loans and overdrafts, in particular SME lending, including charities and project finance, in the social housing, healthcare and renewable energy sectors; must have held (and exercised) a lending mandate in a UK Bank operating in similar sectors for a significant period of time; be highly skilled in credit analysis and risk assessment in the UK banking sector.
The ability to develop strategies for distressed clients and managing to recovery, combined with a strong conceptual and analytical capacity to enable critical and insightful review of credit portfolio management is needed. Exposure to the review and approval of complex legal agreements and an in depth understanding of credit risk models and forecasting is also required.
You will have outstanding people management, leadership and stakeholder management skills, be able to build excellent working relationships, and confidently deal with contrasting views across 1st,2nd, and 3rd line risk perspectives.
Triodos Bank is proud of its culture, ethos, and ability to make a positive change in society. It is therefore important that candidates evidence a strong commitment to Triodos Bank’s core values of sustainability and transparency, as well as the personal qualities to live these values.
What We Offer
In return for your hard work and expertise, you will receive a competitive salary, plus access to our extensive benefits package, where most of our benefits are non-contributory.
Our Benefits Include
• Non-contributory pension scheme from your first day of 8% in year 1 and 10% from year 2 onwards
• Life Assurance (worth 4 times basic pay)
• Income Protection – 75% of basic pay after 13 weeks sick and following six months service.
• Private Medical Insurance with optional enhanced or HCP family coverage
• A Health Cash Plan
• Vitality Leave – After each 5 years of service, you will be able to take a sabbatical of up to 3 months.
• 27 days (FTE) annual plus bank holidays per annum increasing to 30 days after 2 years’ service.
• A buy and sell holiday scheme of up to 5 days (FTE) to maximum of 35 days.
• 5 days fully paid carers leave.
• A wellbeing allowance of £200 a year
• 1 Wellbeing Day
• Free yoga classes
• Season Ticket Loan available for commuting into the office.
• Co-worker retail discounts
• Cycle to work scheme.
• Refer a Friend scheme.
We are committed to diversity and inclusion and would therefore welcome applications for candidates from underrepresented and neurodiverse backgrounds. We value that receiving applications from candidates with diverse backgrounds is key in supporting our inclusive organisation to grow. We don’t want to miss out on candidates who feel they don’t exactly match the job description requirements, so if this is a role that sounds interesting to you, and you feel you could add value to the role please do apply. You could be exactly what we need!
Triodos reserve the right to close the vacancy once sufficient applications are received, so please do apply asap if this opportunity is of interest to you.
Closing Date: 01/09/2024
Source: LinkedIn
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