Credit Risk Manager – Retail Mortgages

The Bank is expanding its business activities, developing a retail mortgage lending in the Netherlands, and looking to start a similar business in Belgium through partnerships with an originator and a servicer. To support these strategic initiatives, we are looking for a Credit Risk Manager with experience of the Mortgage business to join the risk team in Belgium. This is an outstanding opportunity for qualified professionals to establish themselves and further develop their career at a fast-growing bank. The Credit Risk Manager will initially report to the Chief Risk Officer and work with colleagues from both the first and the second line of defense in Belgium, London, and Malta. The successful candidate will be able to lead the Belgian Mortgage project from a credit risk perspective, develop the necessary controls to ensure adequate credit risk oversight of the mortgage businesses in general (Belgium and the Netherlands) and manage the related portfolios within the Bank’s enterprise-wide risk framework, including risk identification, assessment, monitoring and reporting.

Brussels * Full-time

Duties and responsibilities

  • Defining Underwriting Criteria, preparing the Credit Framework and set Risk Appetite Limits for the Belgian portfolio in coordination with the business
  • Ensuring adequate interpretation of the definition on default, forbearance measures and other key credit risk indicators
  • Defining credit risk needs for reporting purposes, design dashboards for publication in the monthly Management Risk Report
  • Supervising the accurate implementation of credit risk parameters through interaction with IT to make sure key data will be available/calculated and rightly delivered as per risk definitions
  • Oversight of credit decisions taken by the originator and ensure compliance with underwriting/ acceptance criteria
  • Monitoring the evolution of the mortgage portfolios against risk appetite limits, key credit risk indicators, developments of arrears and provisioning
  • Ensuring adequate oversight of the special servicing actions undertaken by the servicer (management of arrears and delinquencies)
  • Owning all relevant internal credit risk policies and ensure standards meet regulatory requirements, ensure adequate update of these policies and relevant procedures, review and challenge 3rd party (originator and servicer) policies and procedures
  • Reviewing and challenge the periodic file credit overviews
  • Participating in the preparation of more complex files and in presenting them to the risk committee
  • Deciding within delegated authority on new loans, loan modifications and special servicing of mortgages
  • Communicating with the Bank’s Executive Committee, Board of Directors, auditors, and regulatory bodies

Required knowledge, skills, and experience

  • Bachelor or Master’s degree plus 5+ years of experience as a Credit Risk Manager in the Belgian mortgage business
  • Proven experience of setting up a Credit Risk function for a Mortgage business activity
  • Excellent analytical skills
  • Understand the suite of risks that exist in the Mortgage business
  • Ability to extract, process and analyse mortgage-related data and make high quality presentations to management
  • Capacity to lead credit risk discussions, developments, and enhancements (including problem solving) with other stakeholders (e.g., business, finance, and IT)
  • Be able to represent the credit risk function autonomously in the various projects linked to the mortgage business
  • Be able to work independently, be hands-on, driven, solutions oriented and enthusiastic
  • Good project management skills desirable
  • Demonstrate commitment, reliability, personal integrity, honesty, and respect
  • Strong communications skills in English (written and spoken). Professional knowledge of French and Dutch

What we offer

Career growth

Modern technologies

Friendly team

Apple Store
Play Store

Start saving

The sooner you start managing your money your way, the sooner you’ll see results. Make your own choices and find what feels good. Sign up and open your account in a heartbeat.

Start saving

The sooner you start managing your money your way, the sooner you’ll see results. Make your own choices and discover what makes you feel good. Register and open your account today.