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Credit Risk Restructuring & Work Out Manager

Manchester, Lancashire, United Kingdom, £ £ - Annual Annual, Permanent


Heard of us?

We're an award-winning bank; backing people to fulfil life's hopes and dreams.

Now is your chance…

Aldermore's Credit Risk teams are split into our first and second line defence. Both teams look to assess credit risk, but the first line implement and maintain controls, whereas the second line oversee and ensure adherence to the risk appetite. The 3rd and final line of defence sits with our Internal Audit function. In this role your focus is debt restructure and work out. You will sit as part of a small and dynamic team, responding to the inevitable demands of cyclical, economic pressures

The role of Credit Risk Restructuring and Work Out Manager is really important to us.

When the time is right, we would love to welcome you into one of our major hub offices in Cardiff, Manchester or Reading. In the meantime you will be based remotely. You'll be made to feel part of your new team by your Line Manager, Head of Credit Risk Restructuring and Work Out, and colleagues through regular contact and virtual interaction.

What would your day look like?

· Proactive risk management, restructuring and work out of own designated stressed/distressed sub portfolio, devising clear relationship strategy of rehabilitation, de-risk, manage away of exit to minimize credit (or fraud) losses, while ensuring transparent & fair outcomes for customers.

· Key stakeholder communication and engagement across 1st and 2nd lines of defense Business Leaders, Finance and Risk on a "no surprises" basis, managing expectations and working collaboratively to deliver best outcomes.

· Proactive participation at Central Credit and/or Business Line monthly Watch and Problem Debt management forums, formulating individual case rehabilitation, work out and debt recovery strategies, and delivery of agreed next step management actions on own assigned cases.

· Early identification of trigger impairment events on own cohort case management, timely evaluation of ECL adequacy & recognition of individually assessed provision with supportive rationale based on a range of risk weighted outcomes, as appropriate.

· Contribute to the Central Credit Risk, Restructure and Work Out continuous improvement agenda to deliver enhanced Watch & Problem Debt management reporting, governance and control, lessons learned feedback, operational efficiencies and embed streamlined Watch protocols.

· Responsible for seamless handover of stressed/distressed cases from the Business Line in life management teams, while preserving the quality and effectiveness of customer service from a conduct perspective.

What do we expect of you?

· Minimum 5 years extensive "hands on" restructure and debt recovery work out experience through several economic and credit cycles in a senior management role in a corporate and commercial banking environment

· Intimate knowledge and understanding of insolvency and litigation processes

· Influencing and negotiation skills - proactive management/engagement of 3rd party professional relationships, stakeholders and customers

· Sound commercial awareness and judgement - understanding of external economic factors that may impact debt recovery

· Results driven

· Strong problem skills, with ability to "think outside the box" and formulate innovative restructure and work out solutions to optimise outcomes

What can you expect of us?

· A friendly and flexible culture, synonymous with our proposition to our Customers.

· A smart yet comfortable working environment, well located for the daily commute and those lunchtime errands.

· A growing organisation that defines itself as being nimble, lean and strong.

· A drive for continuous improvement, for which you will be empowered to get behind from day one.

· A visible and approachable ExCo; who you will very likely to bump into whilst making your morning coffee.

And of course you will be compensated competitively, with a good range of core benefits and bonus potential.

Still Curious?

Aldermore Group was formed by bringing together two very successful businesses, Aldermore Bank and MotoNovo Finance, under the First Rand umbrella. Whilst our parent company operates internationally from their HQ in South Africa, we are a UK-based financial services specialist that supports our customers across a range of products and services.

Underpinned by our strategic blueprint, "backing people to fulfil life's hopes and dreams", we thrive upon saying "yes" to our customers. We respect the ingenuity of entrepreneurs and their startups; we give first-timers a leg-up onto the property ladder; and we open up the lending market to many.

This is where you come in. We are on a journey. A journey defined by a destination; to deliver on our purpose over the course of the next 3 to 5 years.

Join us today and we will make the same promises to you as an employee, as we do to each of our customers. We value your differences; welcoming applications from all sections of society. We continue to build an inclusive, empathetic and creative environment; where your views and contributions will inspire new ways of thinking.


Aldermore is an equal opportunities employer.

We do not accept speculative agency CVs. Any CV received by Aldermore will be treated as a gift and not eligible for an agency fee. PSL agencies should only send CVs if authorised to do so by HR.

Where a DBS check or CIFAS check is identified as necessary, all application forms, job adverts and recruitment briefs will contain a statement that an application for a DBS certificate or a CIFAS check will be submitted in the event of the individual being offered the position

Job Details

Not Specified
Manchester, Lancashire, United Kingdom
£ £ - Annual Annual