Wholesale and Sub Hire Auditor
Home based
To £60,000 plus bonus and benefits
Our client is the fast-expanding asset finance division of a bank and provide a range of lending products for the UK SME and mid-corporate sectors. Responsibilities will include audit for Block Discounting, Sale of Receivables and Sub hire customers. The main purpose of the audits is to:
a) Ensure that the security position is maintained, evaluate the performance of the underlying portfolio, and provide commentary on the level of adequacy of client systems, operations and controls that establish the veracity of documentation supporting the provision of Block Discount finance.
b) Ensure the customer is adhering to the terms of the Sale of Receivables agreement with them and collecting rentals from their customers, which in turn is paid to
c) Ensure that our sub hire customer is complying with the terms of the licence to sub-let but also to provide general commentary on the business e.g. the apparent competence (or otherwise) of the administration staff, condition of the vehicles, whether they are busy, etc.
The role holder will conduct on site client visits alongside a regular programme of rolling client audits on both an announced and unannounced basis where appropriate and feasible.
The role holder will ensure facilities are operated within lending policy guidelines and satisfy relevant compliance policy aspects including Anti Money Laundering and Conduct risk.
The role holder will provide regular risk reports via line management confirming the risk profile of facilities and make suitable recommendations for control improvements or enhancements.
- Proven significant audit/risk experience with an emphasis on Block Discounting and Sub Hire facilities and related funding structures.
- Evidence of related sector qualifications and/or ongoing self-development.
- Diverse knowledge of the financial, business, economic and asset funding markets
- To deliver good customer outcomes and demonstrate behaviours that will positively impact customers. Proactively champion fair customer outcomes for all customers.
- To understand the Bank's Risk Management Framework, and comply with the frameworks, policies and operating procedures which support it as they apply to your role and the work you carry out. Identify and escalate risks in an appropriate and timely manner.
In the first instance please send your CV in confidence to Lucy Davies