Credit Risk is one of the fastest-growing areas of the risk world, largely driven by the confluence of advanced tech and regulation, shifting consumer dynamics, and economic uncertainty.
Thankfully, this uncertain landscape represents a wealth of opportunity for leaders across financial services, provided they can develop defensible risk functions. Those who can fortify their operational resilience will likely enjoy:
Increased investor confidence
Enhanced profitability
Improved regulatory compliance
Increased customer trust
A culture of risk awareness
High-quality, data-driven decision-making
Continuous learning and development
A sustainable talent pipeline
If you’re hoping to build out a Credit Risk function, it’s important to understand the evolving skill sets of the modern candidate. Coding skills (proficiency in SQL and Python specifically) are increasingly targeted by hiring managers, largely a result of the uptake in enterprise-level tech adoption. Here’s a breakdown of the key roles to prioritise:
Credit Risk Leadership: Provides strategic vision and guidance for the Credit Risk team. Develops and implements comprehensive risk management frameworks, ensuring adherence to regulations and fostering a robust culture of risk awareness throughout the organisation.
Portfolio Risk Managers: Oversee designated credit risk portfolios, leading complex transaction assessments and managing teams of Credit Risk Analysts.
Credit Risk Analysts: Conduct thorough credit analyses of borrowers, develop credit risk models and mitigation strategies, and make informed recommendations on loan approvals.
Senior Credit Analysts: Analyse financial data and credit reports, assess borrower creditworthiness, and prepare comprehensive credit risk reports for senior management.
Quantitative Credit Risk Analyst: Utilises data science and machine learning to identify and quantify emerging credit risks, build credit risk models, and contribute to the development of risk mitigation strategies.
If you’re struggling to identify the right candidates in today’s talent-short market, then Broadgate is here to help. Contact our Risk recruitment specialists to find out more about our community-led recruitment services today.