Nationwide
Risk Manager Lead Credit Risk Oversight - Unsecured
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Risk Manager – Credit Risk Oversight
About the Role
As a Risk Manager in Credit Risk Oversight, you will be responsible for overseeing all aspects of credit quality across all of Nationwide’s lending portfolios.
You will work within a team of Credit Risk Professionals, supporting the oversight of the Credit Risk profile and strategy, while ensuring that criteria and analysis remain robust. As a Subject Matter Expert (SME) on the Unsecured portfolio throughout the Credit Management Lifecycle, you will play a key role in shaping credit risk management across the society.
This is a challenging and impactful role, where your expertise will directly influence Nationwide’s financial strength while driving the right balance between risk mitigation and economic returns for our members.
Key Responsibilities
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Strategy & Alignment
- Oversee the setting of the Credit Risk Strategy, ensuring it aligns with Nationwide’s strategic direction and aligns with the Risk Appetite Framework.
- Strike the optimal balance between risk caution (to protect members’ funds) and economic returns, enhancing the society’s financial resilience.
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Policy & Risk Oversight
- Oversee the development, review, and implementation of credit policies.
- Evaluate and challenge credit risk proposals, providing independent insights to ensure robust decision-making across the entire credit risk lifecycle.
- Lead analytical reviews on credit policy, risk management, and mitigants, ensuring they remain adapted to evolving risks, emerging opportunities, and the risk-reward balance.
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IFRS 9 & Provisions
- Analyze and assess IFRS 9 provisions, including reviewing proposed provisioning models and any post-model adjustments.
- Work with forecasts, ensuring that risk profiles and provision adequacy are reflected in financial planning and stress testing.
- Ensure provisions accurately capture both current and future risk exposures.
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- Model & Portfolio Oversight
- Advance credit risk model approvals within the operating and operational context.
- Deep-dive into model robustness, ensuring they align with commercial and risk objectives.
- Contribute to end-to-end credit governance, supporting internal controls and external regulatory requirements.
Requirements
- Proven expertise in credit risk management across a broad range of lending portfolios (with a particular focus on unsecured lending).
- Strong capacity for independent analysis, ensuring sound judgment in reviewing risk frameworks, policies, and financial impacts.
- Ability to understand and advise on IFRS 9 provisions and credit risk modelling approaches.
- Excellent communication to influence stakeholders, challenge assumptions, and drive proposals.
- Breadth of quantitative and qualitative analysis to assess performance, emerging trends, or apply deeper technical insights.
- Experience of embedded risk governance frameworks to ensure compliance with risk appetite and regulatory standards.
- Deep understanding of mortgage and lending markets in the UK, supportive of Nationwide’s commercial strategy.
Personal Specifications
- Visionary risk leader: Able to work independently while keeping strategic alignment at the forefront.
- Insight-driven: Strengthen proposals and work referred through critical review and investigation.
- Adaptable & strategic: Drive continuous improvements and able to react to unforeseen risks and changes.
- Scientist-orientated: Brings rigorous, structured thinking and diligent attention to detail to each assignment.
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What We Offer
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Hybrid Working: Nationwide’s hybrid approach combines sameness with flexibility, ensuring you spend time in the office where it matters most—collaboration, learning and problem-solving. This is aligned with a minimum requirement of two days per week, or 40% if you work part-time, based in our Swindon or London offices. We will confirm precise location expectations upon a successful application.
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Rewarding Culture: Enabling us to build more sustainable relationships across Nationwide’s workforce.
About Nationwide
We’re a vital part of the British economy and a strong tool for financial equality. As the UK’s leading Building Society, we’re dedicated to providing fair access to financial services and protecting entrusted funds for our members. Our commitment to redeployment ensures a welcoming, supportive environment where those impacted by organisational change are prioritised. Furthermore, Nationwide is transparent about our office-based working, collaboratively deciding how to structure your workdays while ensuring you meet the demands of your role.
Flexible Agency Relation
If you’re currently on long-term absence or temporary worker, be sure to apply through your personal email address.
Note: Applications are prioritised from both internal and redeployment candidates where possible.
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