Credit Manager Sovereigns, Banks, Insurance Companies and other Non-Bank Financial Institutions

Job Description

The VacancyOVERALL SUMMARYAt Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you dont tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your workand home life. Join Close Brothers Risk Team where you will have significant credit approval experience relating to financial institutions and sits within the Bank Underwriting Shared Service Team which is led by the Bank Head of Underwriting. The Bank Head of Underwritingis the key risk owner of credit risk across the Bank, with a duty for maintaining credit risk in line with stated appetite. This role reports to the Head of Underwriting. The role holder is primarily accountable for the preparation and approval of credit papers for exposures related to Sovereigns, Banks, Insurance companies and other Non-Bank Financial Institutions. Therole holder will work closely with Group Treasury and the Asset and Liability Management (ALM) Risk Team to manage the credit risk associated with the treasury activities. In addition, the role holder will assist the underwriting of exposures in the Finance business, including insurer and broker reviews. The role holder will operate within a delegate credit authority which will be allocated based on experience. RESPONSIBILITIESGeneral

• Interpret and extract key points and trends from external publications; financial reports and accounts of Sovereigns, Banks, Insurance companies and other Non-Bank Financial Institutions and prepare accurate written credit analysis and recommendations.
• Produce comprehensive but succinct credit papers of a quality which can be approved within own delegated discretion or be presented to the relevant approval authority for approval.
• Work closely with Group Treasury and the Asset and Liability (ALM) Risk Team to manage the credit risk associated with the treasury activities.
• Assist the definition of Treasury risk appetite and the associated monitoring and reporting process. Prepare and present proposals to the relevant approval body.

Business engagement

• Work with Group Treasury and the Asset and Liability (ALM) Risk Team to manage credit risk associated with the treasury activities.
• Builds effective relationships with originating teams through continuous two-way communication.

Culture

• The role uses skills and experience to influence the structuring of new opportunities to mitigate risk and ensure compliance with Bank and Business Credit Policies.
• Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards needed.

Developing Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal developmentand provide support through regular feedback. WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE:

• Good credit analysis skills.
• Prior analysis and underwriting of Sovereigns, Banks, Insurance companies and Non-Bank Financial Institutions in a financial services environment.
• Good interactive and influencing skills.
• Good written and presentational skills.
• Sound appreciation of security/legal/documentation risk.
• Ability to interpret complex financial statements and other related publications.
• An awareness of macro-economic climate.
• Ability to work under time pressure while maintaining high quality standards.
• An awareness of products commonly associated with financial counterparties, for example:

1. Understanding of the risks associated with Derivatives as well as associated exposure methodologies such as Standardised Approach for Counterparty Credit Risk (SACCR) and Current Exposure Method (CEM).
2. An awareness of the risks associated with Covered Bonds

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application formin an alternative format or would like to discuss the recruitment process with us, please email us at or request a call back. ABOUT USFor roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working. Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purposeis to help the people and businesses of Britain thrive over the long term. To find out more about Close Brothers, please visit our careers page: https://careers To find out more about life at Close Brothers:https://life-close-brothers#374017299-899295541 To find out more about our benefits:https://employee-benefits To find out more about our commitment to creating an inclusive environment:https://inclusion #HYBRID