Job Title: Credit Risk Manager

Location: Newcastle Hybrid

Salary: Up to circa £85,000

Hours: Monday to Friday 9 am to 6 pm

Benefits:

• 30 days annual leave plus public holidays
• 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 sacrifice

About the position of Credit Risk Manager:

This is a high-impact, hands-on second line credit risk role within an early-stage, innovative bank. You will play a key part in shaping how mortgage credit risk is managed across both first- and second-line activity, with a strong focus on challenging, enhancing, and governing first-line credit decisions, models, and lending frameworks.

You will support BAU risk oversight, governance, reporting, and change activity, including new products such as Buy-to-Let (BTL) mortgages. Working closely with underwriting, commercial teams, and senior stakeholders, you will help shape mortgage lending policy, responsible lending approaches, and credit decisioning frameworks, ensuring they remain robust, compliant, and fit for purpose in a fast-evolving environment.

This role offers significant exposure to senior management, Credit Risk Committees, and Board-level reporting, alongside the opportunity to help shape the bank's approach to credit risk from an early stage.

Responsibilities for the role of 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, delivering change and continuous improvement across credit risk frameworks
• Contribute to strengthening risk culture and supporting broader transformation and change initiatives across the business
• Operate effectively within UK mortgage regulation (including MCOB) and broader regulatory requirements

Experience and skills required for the role of Credit Risk Manager:

• Experience in mortgage credit risk within a regulated UK lender (bank or building society)
• Proven experience developing, maintaining, and challenging credit risk policies and lending frameworks
• Background in assessing credit risk models, methodologies, and decisioning systems
• Experience working with both first-line credit functions and second-line risk oversight environments
• Deep understanding of UK mortgage lending regulation (e.g. 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 analytical tools such as SAS, Python, R, SQL, VBA, or Power BI
• Mortgage lending experience (e.g. underwriting, credit risk, or collections), with Buy-to-Let (BTL) experience highly desirable
• Exposure to Credit Risk Committees and governance frameworks

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