VP Credit Securitisation – Senior Risk Role

About the role

This senior position sits in the second line of defence of a leading international bank, overseeing credit risk for asset‑backed and structured‑finance transactions across EMEA. The role is hybrid, based in London, and offers a competitive salary, bonus and benefits.

Key responsibilities

• Act as credit approver for securitisation and asset‑backed transactions, including RMBS, consumer ABS, auto, cards and trade receivables.
• Perform independent credit analysis of underlying pools, transaction structures, counterparties and risk mitigants.
• Challenge and validate cash‑flow assumptions, stress scenarios and risk‑return profiles.
• Prepare and present detailed credit proposals to internal committees and senior management.
• Monitor an existing portfolio of securitisation exposures, managing limits, early‑warning indicators and watchlist actions.
• Contribute to the development of risk appetite, credit policies and underwriting standards for securitised products.
• Collaborate with front‑office, structuring, legal and risk methodology teams to ensure compliance with capital and regulatory requirements.

Required profile

• Significant experience in credit risk or credit approval within a major bank or rating agency, with a focus on securitisation and structured finance.
• Strong understanding of RMBS/ABS structures, collateral pools, cash‑flow waterfalls and typical covenant packages.
• Proven ability to write and defend detailed credit papers in committee settings.
• Solid grasp of European and UK regulatory and capital frameworks for securitisation.
• Excellent analytical skills and the ability to communicate complex risk concepts succinctly.

Required skills

• Deep knowledge of securitisation product structures and risk assessment methodologies.
• Expertise in evaluating cash‑flow models, stress testing and risk‑return analysis.
• Familiarity with regulatory capital rules applicable to structured finance.

What we offer

• Competitive base salary of £110,000‑£120,000 per year plus bonus.
• Comprehensive benefits package.
• Hybrid working arrangement in London.