Senior Credit Risk Specialist

Senior Credit Risk Specialist

Contract | SC Cleared | London (Hybrid)

Morela is proud to be supporting a leading UK management consultancy on a high-profile financial services engagement. They are looking for a Senior Credit Risk Specialist to join on a contract basis from 30 November 2026 to 31 May 2027. The role sits Inside IR35 and is based in Moorgate, London, on a 50/50 hybrid basis. Active SC clearance is required.

About the Client

Our client is a well-established UK management consultancy known for delivering complex, high-impact change across regulated industries. They work alongside leading organisations in financial services, bringing independent expertise to some of the sector's most important programmes. This engagement focuses on credit risk, giving you the chance to shape how firms manage and provision for credit risk across UK retail and SME banking.

The Role

You will lead independent reviews of firms' credit risk management frameworks and the quality of their credit assets. Working on-site and remotely, you will combine quantitative and qualitative analysis to form clear, evidence-based judgements. You will then present those findings to the firms and to internal stakeholders. This is a senior, hands-on role suited to a credit risk specialist who is confident leading reviews end to end and putting their name to the conclusions.

Responsibilities

Credit Risk Management Framework Reviews

Review firms' risk appetite and credit strategy
Assess governance arrangements and the effectiveness of the Three Lines of Defence
Evaluate credit MI and how it informs decision-making
Review collections and debt management practices
Assess QA processes and supporting MI
Credit Asset Quality Reviews

Review provisioning methodologies
Assess the quality of credit portfolios
Form judgements on the adequacy of provisions
Delivery

Lead on-site and virtual reviews with firms
Carry out quantitative and qualitative analysis
Produce clear, well-evidenced review reports
Communicate findings to firms and internal stakeholders

Essential Requirements

Active SC security clearance
Senior-level credit risk experience in UK Retail Banking and/or SME Banking
Hands-on experience delivering Credit Asset Quality Reviews
Experience carrying out Credit Risk Management Framework Reviews
Credit portfolio risk management experience gained within a bank or regulator
Strong understanding of retail credit risk models, including:
–    IFRS 9

–    IRB models

–    Stress testing

–    Application and behavioural scorecards

–    Forecasting models

Confident communicating complex findings clearly to senior stakeholders, both verbally and in writing

Desirable Experience

Previous experience leading reviews or assurance work for external firms
Exposure to regulatory supervision or working closely alongside a UK regulator
Background in consulting or independent review roles within financial services

Working Environment

This is a 50/50 hybrid role based in Moorgate, London, with some on-site review work at firms as needed. You will join a collaborative, senior delivery team where your judgement and expertise are trusted from day one. The engagement runs from 30 November 2026 to 31 May 2027