Average Credit Analyst salary in the UK

Job Title: Credit Risk Analyst Location: Rotherham Salary: Up to £40,000 depending on experience Hours: Monday to Friday 9 am - 5.30 pm Benefits: Company eventsCompany Pension with Scottish WidowsEmployee assistance programme and financial wellbeing supportContinuous learning programFree ParkingHealthcare and wellbeing programme25 days holiday About the position of Credit Risk Analyst We are looking for a hardworking, highly motivated individual with ambition and a desire to succeed with experience in developing credit risk strategies and managing information. Working for a new and rapidly expanding consumer finance lender this is an excellent opportunity to be part of a new team with superb opportunities to develop and progress. The newly created role of Credit Risk Analyst reports directly to the Chief Risk and Information Officer, providing an exciting opportunity to join and shape the credit risk framework for a fast-growing organisation in the consumer lending space. The role will be critical within the business as the business as they strengthen the analytic capabilities and develop data-led decision-making processes. You will be familiar with leading complex analytical projects to completion with minimal guidance, formulating and communicating conclusions and proposals considering the risk and reward whilst balancing customer outcomes and supporting the business in making positive strategic decisions. Responsibilities required for the role of Credit Risk Analyst Development of credit risk management strategies including the manual verification rules for the underwriting team.Perform analysis on data gathered from Credit Reference Agencies and other sources to design and develop innovative approaches to the credit approval process.Monitor decision engine performance to ensure that refer/decline rules, product limits, credit score cut-offs, and affordability assessments are appropriate and effective.Operate a robust test-and-learn approach developing tests based on data-driven evidence, setting clear performance expectations with subsequent monitoring and maintenance of performance.Undertake specialised analysis in the areas of scorecard development, modelling, profiling/segmentation and forecasting to ensure that lending is in accordance with the Credit Risk Policy and the risk appetite of the business.Code, test, and implement approved changes to the credit decisioning systems, maintaining comprehensive documentation of credit strategies, procedures, and processes.Provide support and advice to our internal customers regarding business insight and analytical trends.Investigate issues identifying and highlighting trends and emerging issues, together with the identification and development of appropriate solutions to deliver improved customer outcomes and business performance. Experience required for the role of Credit Risk Analyst Excellent analytical and numeric skills.Educated to a degree level in a relevant numerate discipline (Mathematics, Statistics, Economics) (Desirable).Strong skills using relevant software packages (i.e. Power BI/SQL/VBA/Python) to analyse large amounts of data, draw conclusions and drive actions.Proven ability to analyse and present data in a Credit Risk role.Knowledge of Credit Reference Agency data and reporting.Excellent verbal and written communication skills with the ability to translate insight into a coherent story that assesses the customer / commercial/financial impact and drives action.Ability to consistently deliver accurate, error-free results to a high standard within tight deadlines.Experience gained in consumer finance will be essential For more information regarding the role of Credit Risk Analyst please contact us. Stellar Select is acting as an employment agency and is a corporate member of the REC Due to a high volume of applications, we will only contact you if your application has been successful. We aim to contact all successful contacts within two business days

A leading international bank with a solid foundation in the financial sector is seeking a Credit Analyst experienced in Commodity Finance. *Primary Objectives:**Implement strategies to minimize the bank's credit-related losses through precise identification and measurement of credit risks in various proposals and reviews.*Furnish clear, unequivocal recommendations to the Credit Committee, ensuring adherence to the bank's credit policies and maintaining objectivity in the credit assessment process.*Consistently monitor and evaluate the credit risk within the bank's asset portfolio. *Reporting Structure:*Situated within the Credit Risk Department overseeing Credit Approval and Credit Management functions. The incumbent will directly report to the Deputy Head/Manager in the Credit Risk Department, the key person steering credit approval activities. *Key Responsibilities:*Compile exhaustive credit evaluation reports for diverse credit products, capturing transaction insights, financial risk metrics, and recommending credit enhancements where necessary. Ensure all transactions align with the bank's credit policies.While the emphasis is on commodity finance, the role necessitates versatility to handle credit businesses from other sectors as per front office demands.Critically evaluate proposals from the Front Office; draft and present credit opinions with impartiality to the Credit Committee.Regularly update the Head of CRD, and the Credit Committee with comprehensive risk analyses and mitigation strategies.Oversee post-lending tasks such as monitoring credit limits, analyzing borrower financial health, and guaranteeing compliance with all loan conditions throughout its tenure.Conduct thorough credit reviews, gathering pertinent industry/customer data for new proposals and for existing clients on an annual basis.Stay abreast of industry trends, ensuring early identification of potential credit risks.Provide support to the Head/Deputy Head of Credit Risk as the role evolves. *Qualifications:*- Robust analytical abilities with a focus on details.- Comprehensive knowledge of financial instruments, especially within commodity finance.- Proficient communication skills to articulate complex financial data. The ideal candidate will have a minimum of 8 years experience in a similar role, come from a banking background with the ability to write reports. *Compensation:*Competitive, commensurate with experience and expertise 4 Days in office 1 working from home To be considered for this role please click apply now

Our client is an established international bank located in the city's financial district. An opportunity has arisen for a seasoned Credit Analyst to focus on Project Finance *Primary Objectives:*1. Safeguard the bank from credit-associated losses by accurately identifying and assessing credit risks.2. Present concise recommendations to the Credit Committee in alignment with the bank's credit guidelines.3. Continuously observe and evaluate the credit risk within the bank's asset portfolio. *Reporting Structure:*This position is within the Credit Risk Department, which is responsible for Credit Approval and Credit Management functions. The selected candidate will report to the Deputy Head/Manager in the Credit Risk Department, overseeing credit approval activities. *Key Responsibilities:*1. Compile detailed credit evaluation reports highlighting transaction overviews, financial risk analyses, and credit recommendations. Ensure all credit transactions comply with established policies.2. While primarily focused on project finance, be prepared to engage in various sectors' credit activities based on front office requirements.3. Evaluate front office proposals critically; draft and present credit opinions to the Credit Committee while upholding an objective stance.4. Regularly provide the Head of CRD ) with detailed risk analyses and risk mitigation strategies.5. Manage post-lending activities, which include monitoring credit limits, assessing borrower financial performance, and ensuring adherence to loan conditions throughout the lending term.6. Undertake regular credit reviews and gather industry/customer-related data for new and ongoing clients.7. Monitor industry trends to anticipate potential credit risks.8. Fulfill additional duties as required to support the Head/Deputy Head of Credit Risk. *Qualifications:* -Minimum 10 years experience in a similar role- Strong analytical capabilities.- Knowledge of financial instruments and banking credit policies.- Effective communication skills, both written and verbal. *Compensation:*Competitive, based on experience and qualifications. Interested candidates are encouraged to apply below. Please note this role requires that you are in the office 4 days per week