Director, Credit Risk
RemoteLondon, England, United Kingdom
Job Summary
Director, Credit Risk at OakNorth in London, leading assessment and challenge of new SME/trading lending opportunities, crafting high-impact recommendations for Credit Committees, and engaging directly with borrowers. Role involves shaping loan proposals, collaborating with Debt Finance Origination, Credit Analytics, and Legal teams, reviewing term sheets, ensuring data quality for risk assessment, and supporting post-drawdown credit actions. Requires deep SME cash-flow lending knowledge, experience with credit risk models (RWA, PD, LGD), and strong negotiation and project-management skills for a fast-paced banking environment.
Required Qualifications
- Minimum 5 years in a credit risk function
- Working knowledge of SME cash flow based lending
- Detailed understanding of sectors: Healthcare, Hospitality and Leisure, Financial Intermediaries, Manufacturing, Structured/Leveraged Finance including M&A, MBO/MBI, and Financial Sponsors; Real Estate lending a plus
- Knowledge of credit risk models: RWA, PD, LGD
- Strong experience with risk and control techniques including covenant setting in SME credit processes
- Strong negotiation, tenacity, pragmatism, and drive for quality outcomes for bank and customers
- Ability to manage multiple deliverables in a fast-paced, high-volume environment
Desired Qualifications
- Understanding of the wider risks associated with the full SME product lifecycle, including origination, optimisation, collections, and recoveries
- Experience engaging directly with clients and deal teams on structuring and credit appetite
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