Credit Risk is one of the fastest-growing areas of the risk world, largely driven by the confluence of advanced tech and regulation, shifting consumer dynamics, and economic uncertainty.
Thankfully, this uncertain landscape represents a wealth of opportunity for leaders across financial services, provided they can develop defensible risk functions. Those who can fortify their operational resilience will likely enjoy:
Increased investor confidence
Enhanced profitability
Improved regulatory compliance
Increased customer trust
A culture of risk awareness
High-quality, data-driven decision-making
Continuous learning and development
A sustainable talent pipeline
If you’re hoping to build out a Credit Risk function, it’s important to understand the evolving skill sets of the modern candidate. Coding skills (proficiency in SQL and Python specifically) are increasingly targeted by hiring managers, largely a result of the uptake in enterprise-level tech adoption. Here’s a breakdown of the key roles to prioritise:
Credit Risk Leadership: Provides strategic vision and guidance for the Credit Risk team. Develops and implements comprehensive risk management frameworks, ensuring adherence to regulations and fostering a robust culture of risk awareness throughout the organisation.
Portfolio Risk Managers: Oversee designated credit risk portfolios, leading complex transaction assessments and managing teams of Credit Risk Analysts.
Credit Risk Analysts: Conduct thorough credit analyses of borrowers, develop credit risk models and mitigation strategies, and make informed recommendations on loan approvals.
Senior Credit Analysts: Analyse financial data and credit reports, assess borrower creditworthiness, and prepare comprehensive credit risk reports for senior management.
Quantitative Credit Risk Analyst: Utilises data science and machine learning to identify and quantify emerging credit risks, build credit risk models, and contribute to the development of risk mitigation strategies.
If you’re struggling to identify the right candidates in today’s talent-short market, then Broadgate is here to help. Contact our Risk recruitment specialists to find out more about our community-led recruitment services today.
Boston is more than just one of the top cities in the U.S. for startups – it’s one of the best in the world. A uniquely beautiful and thriving cultural hub, Boston is a highly attractive prospect for many hopeful jobseekers. Boston has a healthy job market, competitive wages and booming finance, legal and compliance sectors. The capital of New England is rich in history, and it’s the most populous city in the New England region, so you’ll never be short of people to meet, connections to form and opportunities to explore. These are just a few of the reasons we decided to open an office in wonderful Boston, a city that has since offered us the chance to make a positive impact on the future of the workplace.
Here at Broadgate, we pride ourselves on our unparalleled knowledge of the Boston job market, and our passion for placing people in jobs they can thrive in helps us make a difference in the staffing world. We believe that a people-first approach to recruitment is the best way to support everyone throughout the process – if the individual candidate is happy, and they feel like they can truly belong, then the company is happy. Our specialist staffing consultants work hard to understand the challenges and intricacies of the Boston job market, and the wider New England and U.S., and global markets too.
We deliver staffing solutions in Finance, accounting and audit, Risk and Analytics, Transformation and Change, Compliance, Legal, and Financial Crime, and other areas relating to business protection and business enablement. From the thriving legal market to the stalwart finance sector, there are plenty of amazing jobs in Boston, and we’re here to help people get them.
At Broadgate, we believe in the power of a diversity-led hiring methodology. DEIB (diversity, equity, inclusion, and belonging) underpins every cornerstone of our business. Not only does this help support a range of people from underrepresented communities, but it enables us to pinpoint talent from the widest possible talent pool. The wider the talent pool, the greater your opportunity to find the best possible candidate for the role.
When you put people at the heart of your business, everybody benefits, not just those doing the hiring, but the wider community as well. We’re not another Boston staffing agency who puts profit first – we’re on a mission to build diversity, create inclusion, and encourage innovation, and this starts with our own organisation.
We hold ourselves accountable through our impact reporting and our data-driven decision making – it enables us to provide our best possible staffing solutions in Boston, and the rest of the world. Our global presence means a great deal to us – it’s how we’re able to source the best talent at any given time, even for incredibly niche roles. From C-suite finance jobs, all the way through to interim compliance officers, we’ve got a wealth of experience in the realm of business protection and business enablement.If you have any questions about our Boston team, our hiring methodology, or our wider presence, please get in touch with Broadgate today, we’re here to fulfil your every hiring need.