We are inviting applications for Deputy Head of Credit based in city London. This is permanent role starting immediately for an international Bank. We need candidates with UK experiences.
Job Purpose
Responsible for ensuring credit quality at the approval stage, monitoring the ongoing credit dynamics of the credit portfolio at a macro and micro level post sanction and the compliance of credit risk with Group policy and local regulatory guidelines.
The jobholder 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 segment of the UK market.
Responsible for keeping up to date the Bank's credit approval framework, including establishing the independent credit risk approval process to identify, assess, monitor, measure and control credit risk at the front end application stage; coordinate with all control functions to obtain updates on regulatory and operational changes pertaining to the bank's credit risk; create KPIs for credit risk portfolio performance and team efficiency and effectiveness; facilitate the development of clearly defined & updated policies & procedures for credit approval; manage key credit reporting internally to UK & Zurich and external reporting to
Auditors, regulators and relevant stakeholders; assume responsibility for the timely review of process/products/credit facility applications; provide timely and accurate information to the external and internal auditors and the compliance function as and when required.
The incumbent will be a key voting member and secretary to the Country Credit Committees and responsible for organizing its meetings, minuting the meetings and arranging approvals through circulation when required. The incumbent will report to Head of Credit.
Tasks and Responsibilities
- Establish structured end to end independent review process for Credit Approval Unit
- Establish key performance metrics for the Credit Approval Unit - relating to Risk Mitigation, Quality & Comprehensiveness of Review & Efficient & Effective Processing of Credit proposals.
- 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.
- To minute credit decisions in CCC meetings, recommend urgent credit requests to CCC members through circulation,
and communicate credit decisions to CAD in an efficient and effective way.
- Review credit policies and procedures and update them in line with Group requirements, industry trends, regulatory
requirements, improved risk management & risk mitigation.
- Provide training to Branch credit staff 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.
- Risk reporting to the Group Risk Management in Zurich.
- Liaison with Credit Administration, Remedial Management, Monitoring Unit, Finance, Compliance & Audit for
processes relating to Credit Approval function.
- Conduct risk management education and training from time to time and review training needs for team members.
- Work with IT to support Credit Risk related IT Projects.
Regulatory Responsibilities
Your responsibilities under the UK Senior Managers Regime pursuant to the rules and guidance promulgated by the FCA and PRA are set out
in full in your Statement of Responsibilities, each of which is summarized below:
In addition to the responsibilities summarised above you are required to comply at all times with the Conduct Rules set out in the FCA
Handbook and PRA Rulebook. These are listed below. Rules 1 to 6 apply to you by virtue of your employment with