Risk and Recoveries Manager

DF Capital; Manchester; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading financial institution in Manchester seeks a Risk Manager to join their Portfolio Monitoring & Specialist Management team. The role involves managing complex credit risk situations and developing strategies for problem cases. Candidates should have a strong background in risk management, excellent communication skills, and the ability to work autonomously. The company offers a vibrant work culture and a commitment to employee growth.

Benefits

Private medical insurance

10% Employer pension contribution

30-day annual leave

Free Gym Membership

Discretionary annual bonus

Life Assurance

Income Protection

Paid Volunteering leave

Qualifications

• Proven in commercial recoveries and risk management situations.
• Strong attention to detail and excellent organizational skills.

Responsibilities

• Develop strategies to rehabilitate or safely exit stressed cases.
• Engage third parties for legal or restructuring support.
• Support safe lending in the Structured Finance portfolio.

Skills

Communication

Problem Solving

Risk Management

Job description

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Overview

At DF Capital, we champion banking for ambition. As an award-winning provider of commercial finance and savings, we empower depositors and small businesses with financial solutions tailored to fuel their growth. Headquartered in Manchester, our team of over 130, serves thousands of customers across the UK, transforming savings into new opportunities for businesses to thrive.

Overview

At DF Capital, we champion banking for ambition. As an award-winning provider of commercial finance and savings, we empower depositors and small businesses with financial solutions tailored to fuel their growth. Headquartered in Manchester, our team of over 130, serves thousands of customers across the UK, transforming savings into new opportunities for businesses to thrive.

We're passionate about helping our customers succeed. As we expand our retail and commercial lending products, we remain committed to meeting their evolving needs and supporting their ambitions every step of the way.

OUR STORY

Founded in 2016, DF Capital was born with a focus on distribution finance - providing dealers, distributors, and manufacturers with the funding they need to stock, display, and sell products, without straining cash flow.

Since then, we've delivered over £3.5bn of funding across diverse sectors. From motorhomes and machinery to motorbikes and lodges, we've financed all shapes and sizes of commercial vehicles and automobiles (no planes or trains - yet). We listed on the Alternative Investment Market of the London Stock Exchange in 2019.

BECOMING A BANK

In 2020, we became a fully authorised bank, extending our offering with savings products for retail depositors. We're proud of our strong customer service, consistently achieving high satisfaction scores - like our current average rating of 4.8/5 from 1,200+ reviews, which also earned us a Platinum Trusted Service Award. The deposits we receive fuel UK businesses through our commercial lending, creating a virtuous cycle of growth.

WHERE WE'RE HEADED

Our goal is simple: to be the best bank - for our customers and each other. We put customer needs first, continuously looking to improve our proposition on their feedback. We aim to help more customers in more ways while continuing to deliver exceptional service.

How do we achieve this? By hiring people who care deeply about doing the right thing, we've been recognised as ‘World Class to Work For' by Best Companies, and we're proud of our inclusive, sustainable, and progressive workplace.

OUR CULTURE

DF Capital is a very special place to work. We have an amazing team who commit themselves each and every day to bring our ambitious growth plans to life. We've achieved much on our journey so far, but I believe we have our best days ahead of us.

We've established a unique culture that is built on a virtuous circle where engaged and empowered employees, who are powered by a shared purpose, deliver great outcomes for our customers, our communities, the environment and ultimately our shareholders. This is why we are rated a world class place to work and are amongst the best companies to work for in the UK.

Requirements

As a member of the Portfolio Monitoring & Specialist Management team, you will work closely with colleagues in the Inventory Finance and newly created Structured Finance teams to spot, manage and work-out difficult credit risk situations. You will play a key role in giving the bank and other stakeholders the confidence to continue to build, grow and retain a customer base who benefit from class-leading funding solutions.

Reporting directly to the Head of Portfolio Monitoring & Specialist Management you will be responsible for managing higher risk / complex problem situations with a view to rehabilitating or exiting through refinance or controlled recovery. Cases will involve a broad range of funding solutions including the cutting-edge tech-based Stock Flow Finance & Invoice Finance products as well as Wholesale Finance and Short-Term Secured Business Loans.

You will have accountability with the Head of Portfolio Monitoring & Specialist Management and the rest of the team for keeping within cost of risk tolerances. You will also use your network, expertise and insights to help the Structured Finance team acquire and shape new opportunities to grow the loan book.

You will be proven in commercial recoveries and risk management situations, able to make decisions quickly and with pragmatism as well as being able to work well with internal and external colleagues to bring about successful outcomes.

You will need to be comfortable working with customers' financial statements, forecasts and business plans to ensure that you understand situations to develop the optimal strategy. You'll be equally comfortable working at pace, being a team player but also able to work autonomously. You will have strong communication and facilitation skills, whilst being comfortable working with a variety of stakeholders at all levels of an organisation. You will be able to demonstrate a good understanding of problem situations and the options to remedy them. Having a strong attention to detail, with proven ability to prioritise and excellent organisational skills are prerequisites.

THE ROLE, RESPONSIBILITIES AND DUTIES:

Other duties may be assigned outside of the following duties and responsibilities:

• As part of the Portfolio Monitoring & Specialist Management team, responsible for developing strategies, alongside your commercial colleagues, to rehabilitate or safely exit stressed or problem cases
• Responsible for the engagement of third parties e.g. lawyers / restructuring firms as and when required
• As part of the wider DFC team, you will support safe lending in our Structured Finance portfolio by providing input to the deal assessment process including, but not limited to, exit strategy considerations
• Ensure that DF Capital is meeting its returns expectations on each relationship you are overseeing
• Support the remainder of the Commercial Risk & Recoveries team as required
  
  
  

Benefits

• Private medical insurance for you and your dearest
• 10% Employer pension contribution
• 30-day annual leave entitlement plus Bank/Public Holidays
• Free Gym Membership
• Discretionary annual bonus
• Discretionary share awards
• Life Assurance
• Income Protection
• Save As You Earn company share acquisition scheme
• Tax efficient salary sacrifice scheme to obtain bicycles and electric vehicles
• 4 days of paid Volunteering leave to support our local communities
• Vibrant office location in the lively city centre of Manchester

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  IT Services and IT Consulting

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