Head of Credit Portfolio Management
UK Visa Sponsorship Analytics
Occupation Type
Functional managers and directors not elsewhere classified.
Occupation Code Skill LevelHigher Skilled
Sponsorship Salary Threshold
£74,700
(£38.31 per hour)
Occupation rate applies
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Description
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
The Credit Portfolio Management (CPM) function is at the heart of building out data and model-led portfolio stewardship, impairment management and credit data quality. CPM owns credit modelling as well as credit portfolio management, bringing the two together to optimise our risk-return output for the bank.
Models include IFRS9 model estate (e.g. PD, LGD, SICR, economic response models), decisioning models for automated underwriting, and some of the credit-linked GenAI models used to automate processes.
Portfolio management includes setting portfolio risk appetite parameters that guide our setting of deal appetite, impairment reporting, budgeting and stress testing, ad hoc deep dives to inform our lending strategy. Operating at pace in a scaling bank, CPM must balance speed and commerciality with rigorous data quality controls and regulatory-ready model management.
This is a senior leadership role responsible for shaping how the bank manages and meas
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.
Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Department Description
The Credit Portfolio Management (CPM) function is at the heart of building out data and model-led portfolio stewardship, impairment management and credit data quality. CPM owns credit modelling as well as credit portfolio management, bringing the two together to optimise our risk-return output for the bank.
Models include IFRS9 model estate (e.g. PD, LGD, SICR, economic response models), decisioning models for automated underwriting, and some of the credit-linked GenAI models used to automate processes.
Portfolio management includes setting portfolio risk appetite parameters that guide our setting of deal appetite, impairment reporting, budgeting and stress testing, ad hoc deep dives to inform our lending strategy. Operating at pace in a scaling bank, CPM must balance speed and commerciality with rigorous data quality controls and regulatory-ready model management.
This is a senior leadership role responsible for shaping how the bank manages and meas
ures credit risk across product, geography and economic cycles. The role is responsible for sensibly balancing risk and reward – where too little or too much risk needs to be corrected through the cycle for the level of returns and growth we target.
The role will work closely with Finance, 2LoD Credit / Model Risk, Commercial & Distribution, Transactional Credit Risk (Underwriting, Collections & Recoveries), Product & Proposition and Capital Markets teams, interacting regularly with Exco members via Committees and otherwise.
We’re looking for a proven leader in commercial credit portfolio management with deep expertise in understanding the dynamics within commercial lending, exceptional fluency in data and analytics, strong capability in people leadership and stakeholder management
For the right individual, this is a rare opportunity to help develop and scale one of the most critical lending functions within a bank that is ambitious, innovative, and fast becoming a leader in UK business banking.
Principal Accountabilities
Leadership & Strategy
The role will work closely with Finance, 2LoD Credit / Model Risk, Commercial & Distribution, Transactional Credit Risk (Underwriting, Collections & Recoveries), Product & Proposition and Capital Markets teams, interacting regularly with Exco members via Committees and otherwise.
We’re looking for a proven leader in commercial credit portfolio management with deep expertise in understanding the dynamics within commercial lending, exceptional fluency in data and analytics, strong capability in people leadership and stakeholder management
For the right individual, this is a rare opportunity to help develop and scale one of the most critical lending functions within a bank that is ambitious, innovative, and fast becoming a leader in UK business banking.
Principal Accountabilities
Leadership & Strategy
- Build and lead teams in two core areas: Credit Models and Lending Strategy.
- Develop, motivate and retain a high-performing team across modelling and lending strategy teams.
- Act as a player-manager: combine hands-on modelling and analytics capability with strong people leadership and mentoring.
- Ensure clear career paths, rigorous performance management and succession planning to maintain resilience as the bank grows.
- Drive constant improvement in ways of working of the teams being looked after.
- Define and maintain portfolio-level strategies: provisioning strategy, vintage management, concentration limits and KRI frameworks.
- Drive the roadmap for model development, model retirement and automation to improve accuracy, scale and speed of decisioning and credit measurement.
- Manage the team that owns development, deployment and lifecycle management of IFRS9 model family: PDs, LGDs, staging/SICR assumptions, Exposure at Default (EAD), Economic Response and scenario mapping across different products.
- Work closely with 2LoD teams across both model monitoring and portfolio management.
- Ensure CPM’s outputs are compliant with IFRS9 standards, internal policies, and regulatory expectations.
- Coordinate responses to regulatory queries, internal and external audits and 2LoD findings.
- Senior leader with 8+ years’ experience in credit portfolio management within commercial banking/lending, with hands-on exposure to IFRS9 provisioning and principles.
- Deep knowledge of IFRS9-reltated model families: PD (including Lifetime PD), SICR methodologies, LGD, EAD, Economic Response modelling.
- Strong experience of stress testing, scenario analysis and bridging analytics into appetite, capital & provisioning decisions.
- Hands-on & pragmatic player-manager. Leads from the front, not afraid to roll-up sleeves; able to dive into model code or spreadsheets and to mentor others.
- Data-driven & curious. Loves experimenting with new techniques and continuously improving model accuracy and automation.
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.
Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.