The Vacancy
Let us tell you about the opportunity
We’re looking for an ambitious and commercially minded Credit Risk Manager to take ownership of the credit strategy for our property business.
This is a high-impact First Line role where you’ll shape how we lend, manage risk and unlock sustainable growth. You’ll own credit strategy, policies and risk appetite, combining advanced analytics with strong commercial judgement to help the business achieve its objectives while maintaining a high-quality lending portfolio.
You’ll also lead a team of three Credit Risk Analysts, splitting your time between hands-on analysis and leading the team – setting direction, developing people and owning the function’s output.
What you’ll be doing
- Own and evolve credit strategy, underwriting policy, lending criteria and risk appetite for the property portfolio, ensuring a balance between growth, profitability and risk outcomes.
- Use advanced analytics and predictive modelling to identify opportunities, understand emerging trends and influence strategic decision-making across credit risk, customer take-up and portfolio performance.
- Monitor portfolio performance, including arrears, roll rates, vintage curves and loss rates, translating insight into clear recommendations and actionable strategy changes.
- Oversee decisioning rules, scorecard cut-offs and affordability criteria, while acting as the business owner for credit models and scorecards, ensuring outputs are effectively implemented and monitored.
- Lead, coach and develop a team of three Credit Risk Analysts, providing direction, building capability and overseeing monthly portfolio monitoring and strategy development.
- Present portfolio insight and recommendations to senior stakeholders and committees, partnering closely with Risk, Finance, Collections and Compliance to support responsible growth.
What we’re looking for
You’ll bring significant experience in First Line credit risk, underwriting or credit policy, ideally gained within mortgages, property finance or another specialist lending environment. You’ll also have:
- Proven experience owning credit strategies, underwriting policies and portfolio analysis, taking initiatives from insight through to implementation.
- Strong analytical capability, including advanced SAS and/or Python skills, with experience using data to influence lending strategy and business performance.
- Deep understanding of credit risk concepts, including PD, LGD, EAD, scorecards, affordability assessment and arrears management.
- Experience developing predictive models, interpreting outputs and translating complex analysis into clear, commercially sound lending decisions.
- Strong commercial judgement and stakeholder management skills, with the ability to influence senior leaders and present recommendations confidently to committees.
- Previous experience leading, coaching and developing analysts, supported by a degree in a numerate discipline or equivalent professional experience.
What you can expect from us
- Hybrid working policy – 3 days onsite (London / Manchester)
- Competitive salary and a great range of core benefits including annual bonus, up to 10% employer contribution pension, private medical with BUPA and 38 days holiday (including bank holidays)
- The opportunity to shape the future of our property lending strategy, not simply monitor it
- Freedom to explore new ideas, use advanced analytics to influence real business decisions and lead a talented team whose work directly supports our growth.
- A collaborative culture where your ideas, development and career progression are genuinely supported.
We welcome people regardless of age, disability, gender identity, marital status, race, faith or belief, sexual orientation, socioeconomic background, and whether you’re pregnant or on family leave.
Please note:
we have a thorough screening and referencing process, which includes financial and criminal record checks.
The Company
We champion equality by supporting the exceptions to the rule and getting finance to where it’s needed.
We lend the money people save with us, to people who want to get on in life; build businesses and create employment, buy property for people to live and work in, and purchase vehicles to move families and goods around.
Our Behaviours
Back more people to go for it, in life and business.
Our behavioural framework underpins our purpose and strategic drivers, as it outlines the behaviours we need to demonstrate in order to succeed. Where our strategic drivers (Stay Ahead Propositions, Relationships That Last and Progressive Platform) outline what we need to do to succeed, our behaviours guide us in how. In your second interview, we’ll ask you to talk through some examples where you’ve demonstrated these behaviours in your previous roles.
KNOW OUR CUSTOMERS – understand deeply, act on insight
PLAY TO WIN – Bold decisions, relentless focus
OWN THE OUTCOME – Accountability, see it through
Our Benefits
As you would expect, we offer a competitive basic salary and reward package, and you’ll also benefit from our commitment to investing in your professional development throughout your journey with us.
Benefits vary across the business depending on the role you do, but these will give you an idea of what to expect:
Your Company Benefits
- 30 days’ annual leave
- Discretionary bonus scheme
- Private Medical Insurance – provided by Bupa. Aldermore pay the premium and you pay the tax.
- Pension – managed by Aviva. Save for your retirement, with your contributions enhanced by up to 2x by Aldermore
- Maternity Pay – a generous maternity leave package of up to six months on full pay
- Group Income Protection – financial support, equivalent to 75% of your basic salary, if you can’t work due to illness or injury
- Group Life Assurance – a lump sum benefit to your family or next of kin in the event of your passing while employed by the company
- Employee Assistance Programme – access to qualified advisers for various life challenges and events, through Zurich
- Toothfairy – unlimited advice from UK dentists
- Flu Jab and Eye Care Vouchers
- Shopping Discounts
Benefits You Can Choose
- Critical Illness
- Cycle To Work
- Dental Insurance
- Give As You Earn
- Government Tax-Free Childcare Scheme
- Octopus Electric Vehicles
- Bus And Tram Benefit
- Save Our Planet – Plant trees, build habitats, calculate your own carbon footprint, sponsor renewable energy projects
- Season Ticket Loan
- Microsoft Discounts
- Spouse Or Partner Life Assurance
- Technology – Buy new tech devices through salary deduction
- Wearable Technology
- Wellbeing App
- Will Writing
- Metrolink Annual Pass & Clipper Ticket
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