Senior Credit Risk Manager – Credit Forecasting & Stress Testing – 12 month FTC

Job title: Senior Credit Risk Manager – Credit Forecasting & Stress Testing – 12 month FTC

Company: Coventry Building Society


Job description: Senior Credit Risk Manager – Credit Forecasting & Stress Testing – 12 month FTCSave roleHave an account?Job overviewLocationLocation:Coventry , Manchester Location is a required fieldWorking HoursHours:35 hour per week – Hybrid Model – A few times a month either in Manchester or CoventryHolidayHoliday:Not SpecifiedClosing DateClosing Date:30 Jun 2025Advertising Salary:Salary Details:Up to £91,000 p.a ( dependent on experience)SummaryAbout the roleWe have a great opportunity in our Forecasting & Stress Testing team. This team plays an important role in running models that predict credit risks and test how the business would handle tough situations. The results help guide our long-term plans and decision-making.What makes this fixed term opportunity even more exciting is where the business is right now. We’re in a major integration phase following our acquisition of The Co-operative Bank. As part of this, we’re upgrading and enhancing all our forecasting and stress testing models-making this a great time to join and help shape the future of our capabilities.This role will play a leading part in developing and implementing models that project Credit Risk RWAs, arrears, and impairments. You’ll work closely with teams across Risk, Finance, Treasury, and Product, building strong relationships and collaborating to deliver high-quality insights. You’ll also present your findings to senior management and the Group Executive, helping shape strategic decisions at the highest level.Key Responsibilities:

• Production of outputs, detailed analysis and accompanying narrative for key deliverables
• Continuous improvement and enhancement of the forecasting and stress testing models providing model design thought leadership.
• Producing of updates and analysis for key committees and presenting updates
• Addressing actions and recommendations raised by internal functions
• Providing thought leadership to guide the strategic direction of the development forecasting model suite that covers a wide range of portfolios e.g. mortgages, cards, SME
• Providing technical direction to the team

This is a unique opportunity for someone who thrives on technical challenges and wants to play a key role in shaping the future of credit risk modelling in a growing, evolving organisationOur benefits include:

• 28 days holiday a year plus bank holidays and a holiday buy/sell scheme
• Annual discretionary bonus scheme
• Personal pension with matched contributions
• Life assurance (6 times annual salary)

• We’ll support your physical and mental health with paid sick leave
• Wellbeing Hours – Time for You. request up to 14 hours paid time off each year

Find out more about the fantastic benefits of joining Coventry Building Society .We reserve the right to close this advert early if we receive a high volume of suitable applicationsAbout youTo succeed in this role, you’ll need:

• Strong hands-on experience in developing and executing forecasting and stress testing models
• Deep knowledge of:

• Stress testing and forecasting model development
• Regulatory credit risk capital (Standardised and IRB approaches)
• IFRS 9 expected credit loss standards
• Regulatory reporting for capital, impairments, and stress testing
• Credit model monitoring and performance analysis
• Proficiency in statistical techniques and data mining
• Advanced skills in SAS (for data sourcing and model development) and SQL
• Advanced Excel skills for analysis and reporting

Desirable experience will be:

• Knowledge of balance sheet forecasting software e.g. QRM would also be an advantage.

About usWe’re one of the largest building societies in the UK and we share a mutual goal across our branches and our offices to improve the lives of others.We’re officially recognised as a ‘Great Place to Work’ and our benefits go beyond basic pay, with a discretionary bonus scheme, a culture of reward and recognition and comprehensive support for wellbeing.At the beginning of the year, The Co-operative Bank officially became part of our Group. Together, we have shared values and an ethical approach towards our members, customers, and colleagues.We’re serious about equality, of race, age, faith, disability, and sexual orientation and we celebrate diversity. By working together, we know you’ll build more than just a career with us.All together, better.Flexibility and why it mattersWe understand the need for flexibility, so wherever possible, we’ll consider alternative working patterns. Have a chat with us before you apply to see what the possibilities are for this role.Proud to be a Disability Confident Committed EmployerWe’re proud to offer an interview or assessment to every disabled applicant who meet the minimum criteria for our vacancies. As part of the application process, disabled applicants can opt in for the Disability Confident Interview Scheme. If there are ever occasions where it is not practicable to interview all candidates that meet the essential criteria, such as when we receive a high number of applications, we commit to interviewing disabled candidates who best meet the minimum essential and desirable criteria.If you would like to opt in to the scheme, please contact our recruitment team when you apply viaLocationCoventryCheck out our latest rolesNeed help?

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Coventry Building Society is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 150892 www.fca.org.uk). Coventry Building Society. Principal Office: Coventry House, Harry Weston Road, Binley, Coventry, West Midlands CV3 2TQ.

Expected salary: £91000 per year

Location: Coventry

Job date: Wed, 18 Jun 2025 06:36:19 GMT

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