My client, an International Bank is looking to hire a Deputy Head of Credit for their London office.
Key Responsibilities
Underwriting and credit risk assessment process for real estate loans, including BTL mortgages, residential and commercial and development finance.
Evaluation and underwriting loan proposals for other sectors like care homes funding, hotel financing, syndication loans, bridging finance, trade finance loans, ensuring risk mitigation strategies are in place.
Review loan applications to present to credit committee for approvals.
Responsible for timely loan application approvals from Corporate Office.
Provide an independent view regarding proposed business plans and transactions and credit facilities.
Implement and adhere to the Bank's Credit policy, with flexibility to amend specific policies as required and within the Bank’s risk governance framework agreed.
Maintaining current knowledge of relevant regulatory developments, effecting change as required.
Responsible for measuring and managing the aggregate risk in the Bank’s loan portfolio specially in real estate development loans.
Conduct risk analysis and implement a budget to the lending department
Determine and establish lending policies & procedures
Guiding their staff team and ensuring that they follow the set policies including Credit Risk .
Monitor portfolio management of new and existing clients.
Provide mentorship to RMs and educate them on credit products and procedures.
Production of all credit MI for local and Group purposes providing in depth loan book analysis
Work alongside Senior members to uphold Business Continuity plans regarding the Credit function. Requirements
Assist in preparation and presentation of the information pack for Board Risk Committee
Strong understanding of Credit analysis and policies.
Good understanding of Risk Management principles.
Good understanding of Basel III and evolving regulatory guidelines in this space.
Possess strong problem solving skills (hypothesis-driven thinking, analytical, quantitative, conceptual skills)
Other Responsibilities
Any other work assigned by the Management from time to time under the capacity of Deputy Head of Credit.
The Bank is regulated by the Prudential Regulatory Authority and the Financial Conduct Authority (together “the Regulators”). The role offered to you is designated as falling within the provisions of the Certification Regime, as defined in the Banking Reform Act 2013 amendment to the Financial Services and Markets Act 2000 aligned to the above to Certification regime function(s).
With this role you accept the responsibilities, obligations and remedies, which may include personal liability, established by and available to the Regulators under the SMCR Regime
In relation to consumer duty regulation:
Ensure that Bank’s business strategy is consistent to deliver good outcomes under the Consumer Duty.
Senior Management/CF Conduct Regime
Conduct Rules
You must act with integrity
You must act with due care, skill, and diligence
You must be open and cooperative with the FCA, the PRA and other regulators
You must pay due regard to the interests of customers and treat them fairly
You must observe proper standards of market conduct
You must act to deliver good outcomes for retail customer.
Skills/ Competencies Required for the Role
Requirements
At least 8-10 years and above working experience in Banking, Financial Sectors with expertise in Credit Delivery and Underwriting of Corporate, SME & Retail.
Strong expertise in real estate finance, commercial mortgages, Buy-to-Let loans, property development finance, bridging finance and hotel & care home financing.
Experience is assessing complex financial statements, cash flow models and credit structures.