Job Title: Credit Risk Manager – 9 months FTC
Working Pattern: Monday to Friday, 36.25 hours per week
Salary: up to £105,000 per annum (full time equivalent)
Location: Fully UK remote or hybrid working from our Cardiff, London, Durham or Blackpool office

At Tandem, we're not just a bank; we're a movement for positive change. If you're an ambitious and dedicated Credit Risk Manager, ready to make an impact, we've got a space with your name on it!

We are Tandem - Where impact meets innovation
Tandem is the UK's greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share – all while nurturing our planet, our people and our customers. As one of Europe’s fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.

Your team: Collaborators in change

The Risk Measurement team sits within the Credit Risk team and ultimately the Risk & Compliance function (2nd line of defence). The Risk Measurement team is responsible for developing and maintaining Tandem’s impairment related models – this includes stress testing / scenario analyses, Credit Risk ICAAP Pillar 2A and 2B models. This team is also responsible for producing the monthly impairment charge and quarterly impairment forecasts.

Your Impact: Building a greener tomorrow

As a Credit Risk Manager at Tandem your focus will be to support the Risk Measurement team to enhance credit risk models in particular ICAAP P2A and P2B stress testing models and feedback into development of other Risk Measurement models including impairment actuals and impairment forecasting models. This will include

• Enhance the existing 1st generation P2A stress test models. Develop plan to enhance these models while working with internal (Product team) and external (Bureau) dependencies. Implement modelling enhancements and take modelling changes through independent model validation.
• Work with Data team to ensure delivery of Risk Measurement data requirements related to ICAAP models.
• Work with external stakeholders including 3rd party consultancies and Bureau to ensure availability of appropriate data to deliver ICAAP modelling goals.
• Develop effective relationships with internal stakeholders - includes Product, Operations, Finance and Compliance.
• Adapt communication style and approaches to articulate findings, business impacts and recommendations confidently and effectively, in particular, with respect to written and verbal communication at Heads of and Director level.
• Share best practices and support the Risk Measurement team on wider impairment related activities.
• Support wider 2nd line Credit Risk team, with particular focus market leading practices on credit risk analytics, impairment, stress testing, insight reporting and Credit Committee governance agenda.

We’d love to hear from you if you have:

• Education: Bachelor’s degree in maths / stats, finance, business, economics, or other quantitative related field.
• Knowledge: a good knowledge of consumer credit risk management.
• Knowledge: a good knowledge of ICAAP 2PA / P2B modelling.
• Knowledge: good understanding of mortgage, personal loans and motor finance products.
• Experience of building scorecards, IFRS9 modelling and Stress Testing.
• Computer skills: Proficiency in Microsoft Office, excellent programming skills (SAS, SQL, Excel), with working knowledge of R or Python.
• Time management skills: good time management skills, the ability to effectively prioritize tasks, maintain timelines and manage/plan workloads effectively.
• Good communication skills, both written and verbal with experience of tailoring communication for different audiences.
• Analytical mindset with the ability to use data to drive decision-making.
• Proactive and innovative approach to problem-solving.

It would be great, but not essential if you have:

• Previous experience of working in Fintech environment
• Extensive experience in banking, with a strong focus on credit risk management throughout the majority of the career
• Strong understanding of credit risk management principles on mortgages, personal loans, motor finance.
• Strong Knowledge of ICAAP P2A modelling including knowledge of PRA benchmarks, proxy-IRB approach and building bespoke P2A ICAAP models for consumer lending portfolios.
• Advanced working knowledge of R/Python

Rewards that reflect your value, what’s in it for you?

At Tandem, your hard work is rewarded in many ways, and we have an enhanced employee benefits package on offer from your very first day with us. The benefits outlined below are based on a full-time position and will be prorated accordingly to reflect the terms of the fixed-term contract.

• 25 days annual leave plus 8 days Bank Holiday
• An additional day off for a ‘celebration day’ including, but not limited to, birthdays, weddings, religious holidays, graduations etc
• Buy or sell up to 5 days holiday a year
• Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility)
• Tandem Hub for treats, cash back and discounts on UK retailers
• 2 days per year paid volunteering
• Free cereal, snacks and drinks in all offices
• Quarterly team social budgets

Our Green Deal: Your Impact Amplified
A little welcome gift from us to you, we’ll plant a tree in the Tandem Grove and you can enter into our “Green Deal” below:

• Volunteer 2 days a year for charity > receive an early Friday finish
• Raise £200 per annum for charity > Tandem provide PR and marketing support
• Have renewable energy at home > receive an additional 1 day annual leave
• Drive an electric car > receive £500 towards a home charger

Ready to make your mark?

Apply now and let's pave the way to a greener world, together. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.

Sourcing Model

Recruitment at Tandem works primarily on a direct sourcing model and does not accept resumes from recruitment agencies which are not on the preferred supplier list. We are not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company. You can find our Applicant Privacy Policy on our Careers page.

Tandem is an equal opportunity employer and are committed to meeting our responsibilities under the Equality Act (2010). We respect the diverse experience and talents that every individual brings to our Company, and we are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.

Please be aware that background checking (including credit and criminal records checks) form part of our recruitment process. We will adhere to our duties under the Rehabilitation of Offenders Act 1974.