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Credit Risk Specialist

Date Posted: 13/11/2024

Location: London

Job Type: Full time

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Credit Risk Specialist

Full time

London - Hybrid

Who are Just?

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.

We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.

That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose

We are currently recruiting for the Credit Risk Specialist to take a leading role on the activities relating to oversight of investment risk management, particularly with regard to credit rating methodologies and assessments.

Job Role Accountabilities

  • Oversight of credit rating methodologies to ensure all risks are considered

  • Review and challenge of:

    • Internal ratings assigned to new investments

    • Review and challenge of credit watchlist

    • Review and challenge of credit measurement

  • Review and perform analysis on new fund manager credit rating methodologies

  • Line 2 oversight and challenge of validation activities as set out in the Credit Rating Validation Framework

Examples of Key Activities

  • Produce methodology document covering Line 2 oversight of new Just’s credit rating approach

  • Produce second line opinions and present to Just’s Credit Committee with regard to:           

    • Rating methodologies for new asset classes to facilitate the approval of the methodology;

    • Produce second line opinions on the output of sampling and validation exercises;

    • Regular review of internal and fund manager credit rating methodologies

    • Rating assessments for internally rated assets

Qualifications, Skills, Experience and Knowledge

  • Significant rating agency experience or ratings team within an asset manager/insurance company - essential

  • Commercial real estate experience- essential

  • Experience performing risk identification exercises in the context Solvency UK requirements - desirable

  • Understanding of the Solvency UK requirements for internally assigned credit ratings (SS3/17) - desirable

  • Experience developing and applying credit rating methodologies; or experience reviewing and challenging internal credit rating methodologies

  • Experience in producing reports for committees

  • Good understanding of the different credit rating methodologies used by external rating agencies for assets typically held by UK annuity writer

  • Ability to maintain competence and up to date knowledge

  • Ability to build collaborative relationships with a range of stakeholders across the business

Company Benefits

  • A Competitive Salary, Pension Scheme and Life Assurance

  • Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday

  • Private Medical Cover and Income Protection, just in case

  • A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets

  • Opportunity to progress within your career both in-role and within the company

  • FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)

  • A variety of Employee Funded Benefits available to you via our Online Benefits Portal

  • Plus, several additional purchase options available for you and your loved ones

Why Just?

We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.

Apply Now