Nationwide
Risk Manager Credit Risk Oversight - Business
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Senior Manager, Credit Risk Oversight
As a Senior Manager in Credit Risk Oversight, you will be responsible for overseeing all aspects of credit quality across Nationwide’s lending portfolios. Acting as the Business Risk oversight partner, you and your team will serve as subject matter experts across the full credit management lifecycle for this portfolio.
About the Role
You will lead a team of credit risk experts, overseeing the development of Credit Risk Strategy and ensuring alignment with Nationwide’s strategic direction. Your responsibilities include:
- Ensuring that credit risk is managed within Risk Appetite, striking an appropriate balance between prudence (protecting members’ money) and delivering sustainable economic returns to support financial strength.
- Overseeing the setting of credit policy and providing independent opinions on proposals at Group Credit Committee and MTF levels, guaranteeing a comprehensive view of end-to-end credit risk management.
- Conducting regular deep dives into credit policy and risk mitigants, ensuring their continued relevance in managing existing and emerging risks, as well as recognising opportunities from a risk-reward balance.
- Overseeing the assessment of IFRS 9 provisions, ensuring these are adequate and accurately reflect Nationwide’s exposure to current and future risks, while incorporating forecasts into financial planning and stress testing processes.
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Scope & Influence
This is a high-profile role with a broad span of influence:
- Providing second-line opinions to Group Credit Committee and Credit Risk Management Forums.
- Deputising for the Head of Credit Risk Oversight as necessary.
- Active contribution to Credit Model Technical Forums, ensuring model approvals reflect the current operating and risk environment.
This position is ideal for a strong people leader and technical expert in credit risk who wishes to shape strategic direction and support Nationwide Building Society in delivering value to its members, employees, and wider stakeholders.
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Flexible Working Arrangements
We welcome applications from candidates interested in:
- Flexible working arrangements to help you perform at your best.
- Working hours averaging 28–35 hours per week.
Work Environment
At Nationwide, we support hybrid working wherever possible:
- Encouraging collaboration in person across our UK-wide estate.
- Allowing homeworking to foster rewarding relationships while maintaining in-office connection for problem-solving, learning, and teamwork.
Candidates for this role will be assigned to our nearest regional hub, with a work schedule that includes regular attendance at one of our office sites—anticipated to be Swindon. Further details will be provided by your hiring manager if successful.
Acquisition & Candidates
Nationwide is committed to redeploying employees affected by change:
- Applications for redeployment candidates will be prioritised.
- If on long-term absence (e.g., parental leave) or temporary work, please use your personal email address to apply.
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