Senior Credit Risk SpecialistContract | SC Cleared | London (Hybrid)Morela is proud to be supporting a leading UK management consultancy on a high-profile financial services engagement. They are looking for a Senior Credit Risk Specialist to join on a contract basis from 30 November 2026 to 31 May 2027. The role sits Inside IR35 and is based in Moorgate, London, on a 50/50 hybrid basis. Active SC clearance is required.About the Client
Our client is a well-established UK management consultancy known for delivering complex, high-impact change across regulated industries. They work alongside leading organisations in financial services, bringing independent expertise to some of the sector’s most important programmes. This engagement focuses on credit risk, giving you the chance to shape how firms manage and provision for credit risk across UK retail and SME banking.The Role
You will lead independent reviews of firms’ credit risk management frameworks and the quality of their credit assets. Working on-site and remotely, you will combine quantitative and qualitative analysis to form clear, evidence-based judgements. You will then present those findings to the firms and to internal stakeholders. This is a senior, hands-on role suited to a credit risk specialist who is confident leading reviews end to end and putting their name to the conclusions.Responsibilities
Credit Risk Management Framework ReviewsReview firms’ risk appetite and credit strategyAssess governance arrangements and the effectiveness of the Three Lines of DefenceEvaluate credit MI and how it informs decision-makingReview collections and debt management practicesAssess QA processes and supporting MICredit Asset Quality ReviewsReview provisioning methodologiesAssess the quality of credit portfoliosForm judgements on the adequacy of provisionsDeliveryLead on-site and virtual reviews with firmsCarry out quantitative and qualitative analysisProduce clear, well-evidenced review reportsCommunicate findings to firms and internal stakeholdersEssential Requirements
Active SC security clearanceSenior-level credit risk experience in UK Retail Banking and/or SME BankingHands-on experience delivering Credit Asset Quality ReviewsExperience carrying out Credit Risk Management Framework ReviewsCredit portfolio risk management experience gained within a bank or regulatorStrong understanding of retail credit risk models, including:– IFRS 9– IRB models– Stress testing– Application and behavioural scorecards– Forecasting modelsConfident communicating complex findings clearly to senior stakeholders, both verbally and in writingDesirable Experience
Previous experience leading reviews or assurance work for external firmsExposure to regulatory supervision or working closely alongside a UK regulatorBackground in consulting or independent review roles within financial servicesWorking Environment
This is a 50/50 hybrid role based in Moorgate, London, with some on-site review work at firms as needed. You will join a collaborative, senior delivery team where your judgement and expertise are trusted from day one. The engagement runs from 30 November 2026 to 31 May 2027.
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