Nationwide
Risk Manager Credit Risk Oversight - Unsecured
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Senior Manager in Credit Risk Oversight
About the Role
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 Unsecured Risk oversight partner, you and your team will serve as subject matter experts across the full credit management lifecycle for this portfolio.
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 credit risk adheres to Risk Appetite frameworks, balancing prudence (protecting members’ money) with strategies that drive sustainable economic returns.
- Managing the Credit Policy framework, including providing independent opinions on proposals at Group Credit Committee and MRT levels.
- Maintaining a comprehensive end-to-end view of credit risk management.
Key Responsibilities
- Conduct regular deep dives into credit policy and risk mitigants, ensuring they remain effective in controlling existing and emerging risks while balancing risk and reward.
- Oversee IFRS 9 provision assessments, ensuring:
- Provisions accurately reflect Nationwide’s exposure to current and future risks.
- Forecasts are integrated into financial planning and stress testing processes.
- Act as a high-profile advisor to the Group Credit Committee and Credit Risk Management Forums, providing second-line oversight.
- Represent the role during absences of the Head of Credit Risk Oversight, including contributions to Credit Model Technical Forums to ensure model integrity aligns with operational and risk environments.
- Support Nationwide in delivering value for its members, employees, and wider stakeholders.
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This executive-focused role is ideal for a technical and strategic leader with deep expertise in credit risk, seeking to influence broader risk strategies.
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Work Arrangements
Nationwide welcomes flexible working approaches to help you perform at your best.
- Working hours: Between 28 and 35 hours per week.
- Hybrid work policy: We facilitate hybrid working wherever possible, prioritising collaboration and office-based problem-solving while supporting home working. Regular office attendance is required for team events, with the nearest regional hub likely being Swindon.
- Flexibility note: Exact arrangements will be clarified by your hiring manager post-offer.
Nationwide Commitments
- Redeployment priority: Applications from internal candidates—including those impacted by workplace changes—will be prioritised in this recruitment process.
- Inclusivity: Applications from colleagues on long-term absence (e.g., parental leave) or temporary workers should be submitted via a personal email address.
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