Senior Manager, Credit

ICBC Standard Bank Plc; City Of London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Manager in Credit to oversee structured financing credit risks. This pivotal role involves evaluating credit applications, conducting thorough financial analyses, and managing a diverse portfolio. You'll collaborate closely with deal teams, ensuring that credit proposals align with risk appetite while driving change within the business. Join a dynamic and inclusive team that values your expertise and offers a supportive environment for professional growth. If you're ready to make an impact in the financial sector, this opportunity is tailored for you.

Benefits

Discretionary Annual Bonus

Pension Contribution (10%)

Private Medical Insurance

Flexible Working (Hybrid)

Enhanced Parental Leave

Employee Assistance Programme

Paid Volunteering Leave

Qualifications

• Experience in writing credit applications and analyzing transactions.
• Good understanding of accounting to analyze financial strengths.

Responsibilities

• Manage a portfolio of structured financing credit risks.
• Evaluate and approve credit applications with comprehensive assessments.

Skills

Credit Analysis

Risk Assessment

Financial Analysis

Client Engagement

Accounting Knowledge

Understanding of Lending Products

Education

Bachelor's Degree in Finance

Master's Degree in Finance

Tools

Risk Management Systems

Job description

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The Corporate Credit Team is responsible for providing management and analytical support for the Bank’s activities in its Global Markets business areas (FIC and Commodities) and implementing the Bank’s credit procedures and policies, including approval of credit limits. It is also responsible for managing a portfolio of structured financing credit risks associated with the Bank’s strategic lending transactions and related investing activities, with the primary objective of managing risk within acceptable parameters.

This role primarily involves managing a portfolio of structured financing credit risks associated with the Bank’s strategic lending transactions and related investing activities, with the primary objective of structuring, assessing and managing risk within acceptable parameters. The candidate may also support the Bank’s commodities related counterparty portfolio, for both financing and derivatives products.

What you’ll be doing

Evaluation and Approval of Credit Applications:

• Ownership and understanding of the risk profile of the structured transaction credit portfolio
• Formulation and evaluation of credit proposals, with a comprehensive risk assessment for new or increased facilities, in addition to annual reviews on the existing portfolio. Undertake quantitative and qualitative financial analysis to develop a comprehensive understanding of counterparty and structural risks.
• Provide support to senior Credit management in all aspects.
• Close working relationship and engagement with Deal Teams.
• Prepare and present applications to Credit Committee and other Risk forums involving Senior Management.
• Articulate credit appetite and give guidance on structure of deals and documents required to mitigate risks as far as possible.
• Coordinate and ensure that post-approval implementation of facilities and legal documentation is in accordance with the conditions of sanction.
• Follow up and address non-adherence to terms and conditions of sanction by counterparties; to consider the inherent risk therein and to make recommendations as to action to be taken to regularise or mitigate such increased risk.
• Participate in ad-hoc projects and portfolio reviews as required from time to time.

On-going Credit Management:

• Proactively communicate key risks as they arise.
• Overall management of the portfolio of accounts with appropriate escalation, including credit limit monitoring.
• Monitoring, questioning and understanding changes in credit quality in any counterparty/industry.

Leadership:

• Demonstrate and/or develop a proactive, “Change the Bank” mind-set.
• Identify and drive change within Credit and the Business by initiating and owning change projects as necessary.
• Support the training and development of graduates and junior team members

Business Support & Recoveries (BS&R)

• Support the BS&R team with management of Watchlist and Non-Performing names.

What you’ll need to be successful

• Experience in writing credit applications and analysing transactions within the credit risk department of a Financial Institution.
• Good understanding of accounting (both management and financial accounting) to analyse financial strengths and weaknesses of clients and identify potential risks to credit proposals
• Good understanding of lending and derivative products across sectors, including ability to analyse and interpret cash-flow models and conduct sensitivity analysis.
• Ability to understand structured deals and provide guidance to ensure sound security / covenant structures are in place.
• Ability to interact with Front Office providing credit support to Deal Teams and Sales Teams.
• Experience of engaging with clients to discuss transaction terms and related credit risks.
• Working knowledge of the risk systems for monitoring and related procedures for analysing the account behaviour of clients and identifying trends and shifts in credit risk profiles.
• Conceptual and practical knowledge of credit procedures, policies and standards.
• A track record of operating with a personal delegated approval authority.
• Prior experience dealing with non-performing and/or defaulted names, including recoveries, would be beneficial but is not essential.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role

If you’re excited about becoming part of our team, get in touch. We’d love to hear from you!

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Other

• Industries

  Banking

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