Allica Bank
Credit Quality Assurance Manager
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Credit Quality Assurance Manager
About Allica Bank
Allica is the UK’s fastest-growing company—and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities—representing over a third of our economy—yet have been largely neglected both by traditional high-street banks and modern fintech providers.
Department Description
Allica’s Risk Department forms the 2nd Line of Defence (2LOD) and provides robust support, insightful challenge, and comprehensive oversight to the dynamic activities of the 1st Line of Defence (1LOD). Unlike traditional 2LOD functions, our team thrives on collaboration and aligning with the bank’s strategic objectives in a controlled and risk-conscious manner. We are empowered to support innovative solutions to complex challenges, acting as key facilitators in driving the bank towards success.
Role Description
Credit Quality Assurance Manager
This role plays a crucial role in ensuring credit risks are appropriately monitored and managed. The Credit Quality Assurance Manager is expected to ensure robust support and comprehensive oversight of credit risk management, involving second-line oversight, challenging credit risk management, and assessing the implementation and oversight of credit policy and lending standards.
Principal Accountabilities
- Develop and implement credit risk assurance plans and methodologies.
- Provide oversight and document findings on 1LOD’s compliance with credit policy and lending standards, and offer clear recommendations to improve credit processes and support mitigation efforts.
- Set governance requirements for credit assurance, including business self-assurance for first-line underwriting teams, and provide regular monitoring and reporting across all portfolios.
- Provide an integrated view of the bank’s credit risk profile through comprehensive reporting, assess credit quality performance, emerging issues, and recommend necessary actions.
- Liaise with key business stakeholders to support the maintenance of a credit assurance program that includes:
- Thematic reviews
- Ad-hoc requests on individual files or portfolios
- Communication of any material issues and/or non-compliance with approval conditions
- Review and set key assurance risk metrics, including—but not limited to:
- Credit quality at origination and in-life stewardship
- Governance for use of delegated lending authorities
- Issue management
- Policy compliance and implementation
- Provide independent validation of credit quality across the bank’s entire portfolio and, if required, participate in the due diligence team for any potential portfolio acquisition. Validation activity should assess the financial and operational performance of new and existing business and compliance with regulatory requirements.
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Personal Attributes & Experience
- Deep understanding of credit risk within the SME markets.
- Experience and knowledge of credit risk management frameworks.
- Experience of working in a fast-paced environment using:
- Credit data
- Credit policy
- Lending standards
- Risk appetite To assess both qualitative and quantitative outputs.
- Knowledge of risk models such as PD (Probability of Default) and LGD (Loss Given Default), and the ability to translate outputs into a clear report for use with stakeholders.
- Familiarity with a bank’s regulatory environment, including guidance and support resources.
- Familiarity with all risk types across a bank and the ability to provide reasoned challenge.
- The flexibility to adapt quickly to changing priorities within a dynamic environment and the ability to collaborate effectively with stakeholders across the business.
- Established self-starter and able to work with limited direct guidance.
- A collaborative working style, valuing the experience of the wider team.
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Working at Allica Bank
At Allica Bank, we want to ensure our employees have the right tools and environment to succeed in their roles and support our customers.
Our employees are central to everything we do, so our benefits are tailored to support you:
Benefits
- Full onboarding support and continued development opportunities.
- Options for flexible working.
- Regular social activities.
- Pension contributions.
- Discretionary bonus scheme.
- Private health cover.
- Life assurance.
- Family-friendly policies, including enhanced Maternity & Paternity leave.
Diverse Fit
Don’t worry if you don’t meet every requirement on this job description. If you believe you’ll be a good fit, we’d love to hear from you.
Flexible Working
We recognise that the traditional ‘9-to-5’ schedule isn’t suitable for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please indicate what works best for you, and we’ll do our best to accommodate your needs.
Diversity
We built an inclusive environment at Allica. Our workforce represents a variety of experiences, backgrounds, and lifestyles. This diversity allows us to think creatively and grow stronger, and we encourage everyone to bring their full selves to work.
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