Location: UK: Croydon (hybrid)

Opportunity: Supported hiring into permanent roles

Start date: From October 2023

Closing date: 17 September 2023 (extended)

*Applications have now closed*

The Pension Protection Fund (PPF) is proud to be partnering with Women Returners for two roles in Credit Risk. PPF welcomes candidates who have taken an extended career break to apply for these roles. Candidates who have taken a career break of 2+ years will receive coaching support through the transition period from Women Returners. You may have taken time out for childcare or eldercare, for relocation, or for other reasons. You may have been working on a small-scale basis to fit around your other commitments or have not done any paid work for a number of years. PPF is absolutely committed to having an inclusive environment. Improving the diversity and depth of experience of staff is something that they’re passionate about.

About Pension Protection Fund

Pension Protection Fund protects millions of people in the UK who belong to defined benefit pension schemes. When these schemes fail, they’re ready to help.

They do this by paying their members, by charging a levy and by investing sustainably. Their work has a real impact on people’s lives, so they strive to do it well, with integrity and their future in mind.

They’re equivalent in size to a top 5 UK pension scheme and have developed a highly sophisticated, best-in-class investment strategy. Their culture combines private sector standards with a public service ethos.

About the roles

PPF is recruiting for two roles in their Credit Risk team, which is a 2nd Line of Defence function primarily responsible for the design, development, and implementation of an independent credit risk framework across all areas of the business.

Senior Credit Risk Manager

This is a newly created role within the organisation, to be the number 2 to the Head of Credit Risk. This position will support (and at time deputise for) the Head of Credit Risk with the further development, execution, and management of a coherent credit risk framework across the organisation, consistent with the firm’s risk appetite. The role is also responsible for leading the second line review of fundamental counterparty credit risk analyses and assisting the development of the credit risk modelling function.

They are looking for a person that has extensive experience in Credit Risk Management, with a focus on Corporate Credit Risk and/or Structured Finance, they will be able to demonstrate experienced in Credit Risk model development/validation and model documentation.  This position requires someone with strong analytical skills, excellent problem identification and problem-solving skills with the ability to make independent decisions, then will have the ability to communicate technical details in a manner that all can understand.

Credit Risk Manager

PPF is also looking for a Credit Risk Manager to join their Credit Risk team. The Credit Risk Manager’s role is to support the underwriting process and day-to-day counterparty credit risk management of a portfolio of vanilla and complex lending transaction, providing independent credit risk opinions and rating recommendations to rating/investment committees, senior risk officers, and front office management.

The ideal applicant will have extensive experience in Credit Risk Management, with a focus on Corporate Credit Risk and/or Structured Finance, they will be able to demonstrate experienced in drafting Credit Risk reports for presentation at Rating Committees.  Interpersonal skills are essential for this role, including effective relationship management, delivering a successful business partnering approach, and strong communication skills, with the ability to interpret complex information to a varied audience.

What they offer

In return for your skills, experience and commitment PPF give you a challenging role within a business where you’ll get the support you need to develop your career. They’ll also give you lots of opportunities for personal development and skills training.

PPF offers hybrid working. Their Croydon office is just across the road from East Croydon station, which is around 15 minutes from Victoria or London Bridge, 10 minutes from Clapham Junction or half an hour from St Pancras.

They’re happy to talk about flexible working.

How to apply

The PPF is a diverse and inclusive place to work, they are open to applicants from all backgrounds, including returners to the workplace. They would encourage applicants to apply for the roles if they are looking for a supportive workplace where PPF will support you to be the best version of yourself. If this sounds like you, apply now.

For more information on each of the roles and to apply, click on the relevant links below by 17 September at the latest:

You must have the right to work in the UK to apply.

PPF is proud to be a Disability Confident Leader, the highest accreditation under the Disability Confident Scheme. If you have a disability and meet the essential criteria for this role you will be guaranteed an interview.

They embrace diverse talent welcoming people with different beliefs, backgrounds and ways of working. Whatever your background, and however you identify, you’ll be welcome at PPF.

For any queries or further details please e-mail recruitment@ppf.co.uk