Deputy Head of Credit

Sterling Williams Ltd; City Of London; Hybrid; GBP 90,000 - 110,000; Full time

Job summary

A reputable bank in the City of London is seeking a Deputy Head of Credit for a permanent position. The role involves overseeing credit quality, monitoring portfolios, and ensuring compliance with UK regulations, especially within the SME market. The ideal candidate will have substantial experience in credit analysis, knowledge of banking products, and a proven track record in improving credit processes. This position allows for hybrid working after an initial period, with a competitive salary range of £90,000 - £110,000.

Qualifications

• In-depth credit analysis experience and corporate banking product knowledge in the UK.
• Ability to undertake detailed analysis of audited financial statements.
• Strong understanding of the end-to-end credit process and post-approval monitoring.

Responsibilities

• Responsible for ensuring credit quality at the approval stage and ongoing monitoring.
• Approve credit proposals within delegated authority and establish performance metrics.
• Review credit policies in line with regulatory requirements and industry trends.

Skills

Credit analysis

Corporate banking knowledge

SME knowledge

Risk management

Financial analysis

Communication skills

Job description

Sterling Williams are working alongside a City of London based Bank who are actively hiring for a Deputy Head of Credit to join them on a permanent basis.

The main purpose of the role is to be responsible for ensuring credit quality at the approval stage, monitoring the ongoing credit dynamics of the credit portfolio post sanction and the compliance of credit risk. You will be able to demonstrate a full understanding of the UK regulatory environment and the principles of secured commercial lending with particular emphasis on the SME market and buy-to-lets.

Deputy Head of Credit

Permanent Vacancy

City of London based - hybrid 3:2 (after a 3 month period)

Salary circa £90,000 - £110,000 pa plus benefits

• Establish structured end to end independent review process for Credit Approval Unit
• Establish key performance metrics for the Credit Approval Unit.
• Objectively assess credit proposals, identifying key risk issues and researching a reasoned conclusion.
• Approve credit proposals within delegated authority.
• Take ownership of reporting requirements internally and externally in relation to the monitoring of credit facilities.
• To organise and or participate in Credit Committee meetings to review and make recommendations relating to proposals.
• Review credit policies and procedures and update them in line with Group requirements, industry trends, regulatory requirements, improved risk management & risk mitigation.
• Provide training on corporate risk analysis, rating tools, financial analysis, and overall proposal preparation and review.
• Regular capacity review for optimum credit processing, coach other team members on corporate risk analysis, ratings, financial analysis, and overall proposal preparation and review.
• Liaison with Credit Administration, Remedial Management, Monitoring Unit, Finance, Compliance & Audit for processes relating to Credit Approval function.

The successful candidate will have:

• In depth credit analysis experience and corporate & SME and Buy to Let banking product knowledge in the UK alongside a minimum of 3 years of relevant experience in the UK
• Knowledge of Emerging Markets SMEs, Business models, market trends, industry trends is preferred.
• Workout knowledge for problematic corporate accounts is desirable.
• Understanding of BASEL, PRA and FCA Risk Guidelines, Calculations and Policy Adherence.
• Sound understanding of Risks for On Balance sheet and off Balance Sheet credit facilities
• Ability to undertake detailed analysis of audited financial statements, management information and financial projections
• Credit structuring skills and ability to challenge proposed structures & suggest alternatives to improve risk mitigation.
• Strong ability to work in a time constrained situation and cross-cultural environment
• Proven track record of improving policies and process to create efficiency and effectiveness of the credit approval process.
• Strong understanding of end to end credit process including post approval credit monitoring