OVERVIEW
At DF Capital, we champion banking for ambition. As an award-winning provider of commercial finance and savings, we empower depositors and small businesses with financial solutions tailored to fuel their growth. Headquartered in Manchester, our team of over 100 serves thousands of customers across the UK, transforming savings into new opportunities for businesses to thrive. We’re passionate about helping our customers succeed. As we expand our retail and commercial lending products, we remain committed to meeting their evolving needs and supporting their ambitions every step of the way.
OUR STORY
Founded in 2016, DF Capital was born with a focus on distribution finance—providing dealers, distributors, and manufacturers with the funding they need to stock, display, and sell products without straining cash flow. Since then, we’ve delivered over £3.5bn of funding across diverse sectors. From motorhomes and machinery to motorbikes and lodges, we’ve financed all shapes and sizes of commercial vehicles and automobiles (no planes or trains—yet). We listed on the Alternative Investment Market of the London Stock Exchange in 2019.
BECOMING A BANK
In 2020, we became a fully authorised bank, extending our offering with savings products for retail depositors. We’re proud of our strong customer service, consistently achieving high satisfaction scores—like our current average feefo rating of 4.8/5 from 1,200+ reviews, which also earned us a Platinum Trusted Service Award.
WHERE WE’RE HEADED
Our goal is simple: to be the best bank—for our customers and each other. We put customer needs first, continuously looking to improve our proposition based on their feedback. We aim to help more customers in more ways while continuing to deliver exceptional service. How do we achieve this? By hiring people who care deeply about doing the right thing. Recognised as ‘World Class to Work For’ by Best Companies, we’re proud of our inclusive, sustainable, and progressive workplace.
ROLE SUMMARY
Reporting to the Chief Risk Officer, the role of Head of Credit Risk Oversight sits in the bank’s second line of defence. You will lead the design, continuous development, and independent oversight of the bank’s management of credit risk. This includes ongoing assessment of the quality of lending standards and portfolio management in adherence to risk appetite, lending policy and regulatory expectations.
KEY RESPONSIBILITIES
1. Own the overall Credit Risk Appetite process in conjunction with the Chief Lending Officer (1st line role), working with the front-line credit team to ensure the formulation of risk appetite in line with business and risk strategic objectives.
2. Formulate and lead the development of the bank’s Credit Risk Management Framework setting out governance principles and protocols to be clearly documented within Lending Policies.
3. Deliver an effective credit oversight methodology, plan and capability covering all aspects of credit risk management across the bank.
4. Review large, complex, or high-risk transactions and Lending Policy exceptions, ensuring credit risk is appropriately managed and evaluated.
5. Oversee the Retail Asset Finance portfolio including development of arrears and the performance of models and scorecards developed by 1st line Head of Lending Decisioning.
6. Review credit risk management information and analysis provided by the front-line credit team, collating key information and data, and preparing summary reports and commentary for upward reporting to Executive and Board Risk Committees.
7. Chair the Oversight Credit Committee – a sub-committee of the Executive Risk Committee responsible for the ongoing monitoring of credit risks across the bank.
8. Be a member of the Transaction Credit Committee – a sub-committee of ERC with the highest credit mandate in the bank, reviewing and approving the largest and/or most complex transactions.
9. Review and challenge credit risk modelling inputs and outputs, including IFRS9 provisioning policy and its implementation.
10. Coach and train first line staff in credit and commercial teams.
11. Actively build and seek effective relationships with key external regulatory/trade bodies/specialists to provide forward-looking insight into potential changes to credit policy, risk appetite and credit management practices.
REQUIRED SKILLS AND EXPERIENCE
1. Strong financial services background.
2. In-depth knowledge of the UK SME/Commercial credit industry and experience of credit risk management within banking/financial sector.
3. Demonstrable knowledge of FCA and PRA regulation and principles for credit risk coupled with an internal control’s mindset.
4. The ability to present to Executive and Board level committees.
5. The ability to build effective relationships with both internal and external stakeholders.
6. Proven ability to negotiate and influence at a senior level.
7. Self-motivated with the ability to deliver on business-critical projects.
BENEFITS
1. Competitive salary (dependent on experience).
2. Private medical insurance for you and your family.
3. 10% Employer pension contribution.
4. Life Assurance.
5. Income Protection.
6. 30-day annual leave entitlement (in addition to public holidays).
7. Discretionary bonus.
8. Save As You Earn company share acquisition scheme.
9. Gym Membership.
10. Company social events.
11. 4 days paid Volunteering.
12. Tax efficient salary sacrifice schemes to obtain bicycle and electric vehicles.
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