Senior Credit Risk Analyst - Project Finance

NEAT; London; On-site; GBP 46,000 - 58,000; Full time

Job summary

A leading company is seeking a Senior Credit Risk Analyst to join their Risk Management Group in London. The role involves developing credit risk assessments, managing case work, and collaborating with various stakeholders. Candidates should have strong analytical skills, relevant experience in finance, and a GCSE in Maths and English. This position offers a competitive salary and benefits, including a substantial pension contribution.

Benefits

Civil Service pension with employer contribution

Flexible working options

Learning and development opportunities

Qualifications

• GCSE Maths and English or equivalent required.
• Experience in credit risk from a financial institution or similar.
• Strong analytical and communication skills essential.

Responsibilities

• Develop high-quality credit risk assessments for transactions.
• Manage case work and maintain professional relationships.
• Conduct due diligence and prepare internal credit papers.

Skills

Numeracy

Analytical skills

Communication

Education

GCSE Maths and English equivalent

Tools

Microsoft Office

Job description

Details Reference number 407086 Salary £46,085 - £57,685 7.5% Market Supplement of agreed starting salary A Civil Service Pension with an employer contribution of 28.97% GBP Job grade Senior Executive Officer Contract type Permanent Business area UKEF - Risk Management Group - Risk Approval Division - Project Finance Type of role Other Working pattern Flexible working, Full-time Number of jobs available 1 Contents

• Location
• About the job
• Benefits
• Things you need to know
• Apply and further information

Location Westminster, London About the job Job summary

Senior Credit Risk Analysts (‘SEOs’) are expected to work exclusively in the RAD Project Finance team but might have opportunity to explore other areas within RAD should workload allows. SEOs develop high quality credit risk assessments of proposed transactions and existing exposures. They produce reasoned and evidence based written arguments to justify their proposed credit ratings (including PDs and LGDs) and must be able to defend their analysis in discussions within the division and at Enterprise Risk and Credit Committee (‘ERiCC’), with the support of other RAD PF colleagues if necessary. The position will also require assisting on project due diligence, corporate and project ratings and LGDs, as well as preparing Internal credit papers and sector reports.

SEOs are responsible for managing the case work assigned to them and for maintaining professional relationships within Risk Management Group (‘RMG’), underwriting colleagues and associated stakeholders (e.g. LD, ESG & Climate Change, PPD) keeping them informed of progress and issues on case work.

Job description

• Production of high-quality credit analysis (including credit ratings and LGD assessments) with a focus on PF as well as the associated corporate analysis of the projects. Coordination of inputs from multiple teams into credit papers as necessary.
• Assessment of environmental, social and governance risks affecting the PF transactions, and ensuring these are identified in rating reviews.
• Understanding the climate risk Impact on the transactions and working with the various teams across UKEF to understand the climate and transition risk on PF transactions.
• Attendance at external due diligence and negotiation meetings representing Credit Risk.
• Ensuring proposed business is within UKEF risk appetite and advising on acceptable exposure levels.
• Developing subject matter competence on the team’s various sectors and industries.
• Liaising with exporters, foreign buyers, banks, technical experts, advisers and other stakeholders including leading meetings, usually with senior management to understand the business and transaction structure.
• Interrogation and analysis of cash flow models.
• Critical review of external reports (technical, market, insurance etc).
• Active contribution to the ongoing development of UKEF credit risk policies, procedures & frameworks including updates to existing policies and continuous improvement of internal process efficiency.
• Training and up-skilling other analysts (and non-analysts) as required to increase credit risk knowledge across RMG and wider-UKEF.
• Provide credit risk analysis approval for non-binding indications of support.
• Presentation of analysis and recommendation for approval to risk colleagues and ERiCC.
• Where appropriate, provide analysis to support post-closing waiver request
• Where appropriate, day to day management and development of junior staff and secondees within the division.

This list is not exhaustive, and you may be required to carry out additional duties according to business needs.

Person specification Essential Qualifications

• GCSE Maths and English equivalent or above, or good numeracy and written skills (A,I,T)

Knowledge

• Experience working in a bank, financial institution, , rating agency, export credit agency or other relevant experience (A,I)
• Good understanding of financial accounts, , including balance sheets, capital structure, P&L and cashflow statements; detailed knowledge of adjustments to assess cashflow, working capital, liquidity and debt sustainability (A,I,T)
• Ability to assess industry and competitor risks within unfamiliar / new sectors (A,I,T)
• Knowledge of a range of credit risk structuring and assessment tools for analysing qualitative and quantitative risk factors to produce probability of default (PDs) ratings and loss given default assessments (LGDs) (A,I,T)
• Proficiency in Microsoft Office (A,I,T)
• Some understanding of different financial structures (A, I,T)

Skills/Ability

• Intellectual curiosity, including about how financial institutions, particularly project sponsors, insurers, banks, and corporates operate (A,I,T)
• Highly numerate with the ability to make use of complex data to reach justifiable judgements (A,I,T)
• Ability to work autonomously in a responsible manner seeking advice when appropriate (A,I)
• Proven planning and organisation skills to manage multiple competing requirements, prioritise work and meet demanding deadlines with minimal supervision (A,I,T)
• Strong written and verbal communication skills, which must include the ability to convey complex information clearly with confidence and credibility (A,I,T)
• Maintain effective professional relationships with colleagues, particularly where interaction is integral to the work of the division (A,I)

Experience

• Demonstrable track record in credit risk from a bank, financial institution, rating agency, export credit agency or other relevant experience (A,I,T)
• Experience of using credit risk rating models and advanced risk measurement techniques in an environment of conflicting priorities to meet tight deadlines (A,I,T)
• Relevant experience of producing LGD estimations (A,I,T)
• Liaising with the management teams (e.g. CEO, CFO level) of the entities being assessed when there are queries about the company or its accounts (A,I)
• Develop the ability to assess financial accounts and produce PD ratings and LGD assessments (A,I,T)

Qualifications • GCSE Maths and English equivalent or above, and good numeracy and written skills Behaviours

We'll assess you against these behaviours during the selection process:

• Making Effective Decisions
• Managing a Quality Service
• Communicating and Influencing
• Working Together

Technical skills

We'll assess you against these technical skills during the selection process:

• Technical Questions at Interview

Benefits Alongside your salary of £46,085, UK Export Finance contributes £13,350 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know Selection process details This vacancy is using Success Profiles , and will assess your Behaviours, Experience and Technical skills.

The application must be completed by 23.55 on the day of the closing date for it to be accepted.

Use of Artificial Intelligence (AI)

At UKEF we value authenticity. You should not use AI to present and/or plagiarise the ideas and experiences of others. Therefore, you must ensure that any evidence submitted as part of your application or used during an interview is both truthful and factually accurate. Applications may be rejected at any stage of the selection process if plagiarism is detected. Appendix 2 provides guidelines on what we feel is / is not acceptable use of AI.

All applications will be sifted against our essential criteria outlined in the personal specification.

• Qualification - GCSE Maths and English equivalent or above, or good numeracy and written skills
• Statement of suitability - you should fully articulate in 750 words how you meet the essential criteria outlined in the person specification within the Information Pack.

For the initial sift your application will be evaluated against:

• Experience - Application and Statement of Suitability

In the event of a high volume of applications, an initial sift will be carried out on the following essential criteria:

• Good understanding of financial accounts, including balance sheets, capital structure, P&L and cashflow statements; detailed knowledge of adjustments to assess cashflow, working capital, liquidity and debt sustainability (A,I,T)
• Highly numerate with the ability to make use of complex data to reach justifiable judgements (A,I,T)
• Strong written and verbal communication skills, which must include the ability to convey complex information clearly with confidence and credibility (A,I,T)

If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:

• Behaviours/Experience - a formal panel interview where you will be interviewed across all four behaviours highlighted.
• Technical - you will be assessed across your technical expertise and acumen, in relation to the essential criteria
  • Technical questions at interview

Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.

Feedback will only be provided if you attend an interview or assessment. Security Successful candidates must undergo a criminal record check. Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check .

See our vetting charter . People working with government assets must complete baseline personnel security standard (opens in new window) checks. Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements Working for the Civil Service The Civil Service Code sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles . The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy. Diversity and Inclusion The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy . Apply and further information This vacancy is part of the Great Place to Work for Veterans initiative. Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records. Contact point for applicants Job contact :

• Name : UKEF Resourcing Team
• Email :

Recruitment team

• Email :

Further information Should you have a complaint or wish to raise any concerns regarding the recruitment process, please e-mail your complaint to the Head of Pay and Resourcing (UKEF) at and include “Complaint” in the subject heading. Should you remain dissatisfied following UKEF’s investigation then you can refer your complaint to the Commission - http://civilservicecommission.independent.gov.uk/making-complaint.