Job Description



As a Senior Manager in Credit Risk Oversight you will be responsible for overseeing all aspects of credit quality across all of Nationwides Lending portfolios.



You will also act as the Business Credit Risk oversight partner, you and your team will also be required to be the subject matter experts for all matters related to the Business portfolios across the Credit Management Lifecycle.



You will manage a team of credit risk experts to oversee the setting of Credit Risk Strategy, ensuring alignment with Nationwide strategic direction and ensuring credit risk is being managed in line with Risk Appetite. You will ensure credit risk strategies deliver the desired balance between caution, in order to protect our members money, whilst delivering the necessary economic returns to further our financial strength.



You will oversee the setting of credit policy, providing an independent opinion on proposals in Group Credit Committee and at MRT levels to ensure a full understanding of end to end credit risk management.



Your team of credit experts will be responsible for undertaking regular deepdives on credit policy and mitigants, ensuring these are appropriate to, and effective in managing, the risks identified, any new risks emerging as well as the opportunities and balance of risk and reward



You will oversee the assessment of IFRS9 provisions, ensuring carrying provisions are adequate and capture Nationwide's exposure to present and future upcoming risks. This will include ensuring sensible forecast of provisions and risk profile are included in financial forecasts, both for Financial Planning and stress testing purposes.



This is a high profile role, your span of influence will involve providing second line opinion for Group Credit Committee, Credit Risk Management Forums and deputising for the Head of Credit Risk Oversight as required



As an experienced credit risk professional, with a working knowledge of all facets of credit risk management, you will be a member of Credit Model Technical Forums, ensuring model approvals are considerate of the operating and risk environment in which they are used.



This is a fantastic opportunity for a people leader and deep technical expert in all that is credit risk, to provide strategic direction and promote Nationwide Building Society for the benefit of its members, employees and third parties.



We are happy to consider flexible working approaches to help you perform at your best.



At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.



For this job you'll be located at our nearest regional office or hub. There will be a need to regularly connect with colleagues for collaboration and in some locations you'll be expected to spend at least two days a week, or if part time you'll spend 40% of your working time, in the office. If your application is successful, your hiring manager will provide further details on how this works.



If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.




Responsibilities




What you'll be doing



This role sits at the heart of the Credit Risk agenda, with a broad and varied remit. In addition to acting as the Business Credit Risk oversight partner, you will lead work across portfolios and domains to provide a consolidated group view across key areas such as Risk Appetite, Financial Planning, and Risk Measurement. You will leverage your expertise to oversee the setting of Credit Risk Strategy, ensuring alignment with the Group's strategic ambitions and that key risks are appropriately identified and mitigated. You will also oversee the definition and adherence to both Board and Management Risk Appetite frameworks.



You will provide independent, informed opinions on credit proposals submitted to the Group Credit Committee, and engage with MRT proposals, ensuring these are supported by robust analysis and aligned to overall strategy. Your role will also involve active engagement in credit model development to ensure models are fit for purpose, with any limitations clearly understood and mitigated. In addition, you will lead regular deep dives into credit policy and strategy to ensure consistency across asset classes and effectiveness in managing emerging and evolving risks.



You will oversee the measurement and reporting of credit risk, ensuring accurate and transparent reporting through governance forums up to Board level. This includes responsibility for overseeing credit provisions, ensuring they adequately reflect risk exposure, with any model weaknesses understood and appropriate adjustments made. You will contribute to provisions forums and provide input into recommendations to the Chief Financial Officer on IFRS 9 adequacy, economic scenarios, and weightings.



Alongside this, you will oversee financial loss forecasting across planning and stress testing, ensuring forecasts appropriately capture economic and geopolitical risks, and that models are robust, with limitations clearly identified and mitigated through your involvement in Credit Model Technical Forums.




About you



You will have:

• Proven experience in the management and oversight of Business credit portfolios, including policy, strategy, risk management, measurement, and financial drivers

• Experience across other portfolios such as Secured and Unsecured credit is advantageous

• Proven experience leading and managing credit risk teams, with an inclusive leadership style

• Proven track record of identifying key risks, opportunities, and challenges, and delivering solutions with strong senior stakeholder buy-in

• Established credibility as an Business credit risk subject matter expert

• Excellent interpersonal and communication skills, with the ability to ensure second line opinions are clearly understood, respected, and acted upon

• Strong stakeholder management skills, with the ability to identify, engage, and maintain effective relationships

• Exceptional analytical capability, with the ability to simplify and communicate complex concepts clearly to senior audiences

• Ability to connect commercial, operational, technological, and credit risk considerations into clear, actionable insights

Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:

• Feel what customers feel - We step into our customers' shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind

• Say it straight - We are brave in speaking out and saying what we think - we're honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand

• Push for better - We don't settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development

• Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes

You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.




Qualifications




The extras you'll get



There are all sorts of employee benefits available at Nationwide, including:

• 30 days holiday, pro rata

• Access to private medical insurance

• A highly competitive pension to help you build a strong foundation for retirement

• Access to an annual performance-related bonus

• Training and development to help you progress your career

• A great selection of additional benefits through our salary sacrifice scheme

• Life assurance to provide peace of mind for you and your loved ones in the event of your death

• Wellhub - access to a range of free and paid options for health and wellness

• Up to 2 days of paid volunteering a year

Banking - but fairer, more rewarding, and for the good of society



We forge our own path at Nationwide.



As a mutual, we're owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don't see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.



If you're inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you're one of us.



At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community, we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.



We are purpose-driven. Uncompromisingly customer. Unstoppably Nationwide.




What to do next



If this role is for you, please click the 'Apply Now' button. You'll need to attach your up-to-date CV and answer a few quick questions for us.



We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.



Please note that should you be successful in securing this role, the job title on our internal systems will be Senior Risk Manager.