Risk Manager

£65000 - £70000 per annum + benefits, bonus | London

Job Title: Risk Manager

Location: London

Salary: Up to £70,000

Hours: Monday to Friday 9am – 5.30pm


  • Discretionary Bonus
  • Pension
  • 25-day holiday (rising by one day after every three full calendar years, to 30 days)
  • Private medical cover
  • Group income protection
  • Life insurance
  • Season ticket loan
  • Professional membership fees

About our client

Our client is a specialist bank, helping UK businesses realise their ambitions. They offer niche specialty lines SME Bank, targeting under-served segments, their dedicated specialist business finance (asset finance and wholesale), Development Finance, Bridging Finance and Specialist Mortgage teams to ensure that businesses receive the outstanding service, lasting relationships, integrity and expertise they need to prosper. They also provide savings accounts to individuals and businesses

About the role

Since launching two years ago the specialist mortgage division has evolved to provide a wider range of specialist mortgage solutions including short term lending, buy to let and HMO as well as commercial and semi commercial mortgages. Our client has strong growth ambitions for their specialist mortgage business and will continue to support broker partners, develop and enhance proportions to help them grow their business alongside our clients own. You will act as a gate keeper for the quality of lending decisions in specialist mortgages through effective quality assurance and analysis of the appropriate MI. The Risk Manager should be a commercial minded risk advocate able to balance risk and reward without putting the bank at risk though poor lending decisions.

Responsibilities required for the role of Risk Manager

  • Refine first line quality assurance processes, completing the required assurance levels as agreed with 2nd lines, ensuring files demonstrate a clear rationale
  • Provide assurance over key data elements required for credit and financial reporting
  • Develop and prepare written analysis and recommendations, flagging any emerging risks, areas of improvement or training needs
  • Be an expert in lending policy
  • Continue to seek policy improvements
  • Review arrears and default cases in conjunction with the portfolio manager
  • Attend credit committee as required
  • Complete control testing and RCSA on risk events

Experience required for the role of Risk Manager

  • Experience in commercial and BTL risk management
  • Demonstrate knowledge of credit risk management
  • Strong understanding of the specialist mortgage market
  • Analytical skills
  • Ability to understand broad business uses
  • Operational risk management understanding would be a distinct advantage but not essential
  • Set up and managed an assurance programme – nice to have, not essential

For more information regarding the role of 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 you if your application has been successful. We aim to contact all successful contacts within two business days

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