City of London, London
£80000 - £90000 per annum
11 months ago
Prestigious International Bank based in the City of London, are looking to recruit a Senior Credit Analyst to join their expanding Risk Department. In this position, you'll assist the Private Banking and Corporate Investment Banking business teams with the on-going provision of credit requests on the bank's existing client base as well as any new clients. Specifically by prompt and complete preparation of credit submissions (incl. recommendation) as per applicable policies & procedures.
Main responsibilities will include;
- Assess and structure credit lines in consultation with RMs that meet credit criteria
- Undertake credit appraisal including financial analysis for ensuring that a complete Credit Approval Package ("CA Pack") is offered as per credit policies and related procedures. This includes the preparation of CA package for new credit facility requests, annual reviews and interim & ad-hoc credit requests. Ensure completion and up to date review and analysis of the obligors alongside recommendation of a credit proposal (incl. on internal ratings and proposed remedial actions)
- Timely and complete Credit Pack submissions, including review of supporting documents
- Contact Relationship Managers and/or overseas Credit to request the relevant updated information
- Monitor obligor transactions, repayments draw downs, collateral status and obligor's financial performance. Follow up with RM/Customer for obtaining the half-yearly and annual financials within 2 to 4 months of half-year/annual closing.
- Monitor approval conditions & financial covenants; and report the compliance & findings.
- Archive internal ratings of all relationships within your allocated portfolio of clients.
- Monitor end-use-of-funds as well as utilization of facilities on a regular basis particularly on development financing obligors (on a quarterly basis).
- Monitor (often daily) reports of Past Due / Excesses / etc. from the system. Follow up and timely resolve irregularities with the help of RMs.
- Weekly monitoring of share price movement of listed companies and report any negative findings.
- Attend Client DD/calls at the time of reviews/ new proposals (min of 1 per annum). Submit call reports. Monitor early warning signals and highlight such obligors to be moved to Early-Alert or Watch-list as deemed fit.
- Manage problem credits closely and recommend appropriate strategies and remedial action plans.
- Identify defaulters & recommend immediate remedial solutions to maintain a quality credit portfolio.
- Ensure asset classification and provisioning is in line with statutory and policy guidelines.
- Overall portfolio monitoring and reporting for accounts pertaining and thus acting as a second line of defence along with GRM.
- Ensure that policy limits are not exceeded and ensure that requisite approvals are obtained when such limits are exceeded.
- Provide information to Risk/Finance for forecasting of NPLs and Interest in Suspense as required
- Contribute towards the preparation and/or maintenance of (local and/or HO) internal reporting (such as event of default, excesses, restructured/rescheduled, London Branch Risk Committee reporting) and/or monitoring reports as required.
- Maintain credit files for each customer (within your allocated portfolio) by assembling Credit approvals, CA packages, Financial statements, Call reports and other Customer information.
- Checking obligor's static credit data (in particular rating, limit and collateral) validity in IFRS9 reporting, Credit Administration System, core banking systems (Intellect and Murex).
- Contributes towards quarterly portfolio monitoring reports or as required on an ad-hoc basis.
- Respond to queries raised by auditors on credit appraisal, credit quality and portfolio.
- Comply with all regulatory requirements, as applicable.
To be considered for this position, ideal candidates must have the following experience and skills;
- At least 7 years of relevant credit experience - including good experience of the relevant UK and international market with respect to UK Real Estate (incl. commercial real estate such as hotel and development loans), large corporates and trade finance and to a lesser extent Financial Institutions
- Bachelor's degree level in accountancy/ commerce/ economics preferred
- Desirable: Degree in Business, Accounting, Finance or relevant discipline
- Strong corporate (and ideally Financial Institution) credit, analytical, communication, interpersonal and presentational skills
- An open minded, collaborative and ethical approach, willingness to learn on the job new credit skills
- Ability to work independently and follow directions, self-driven and a good team player
- Attention to detail
- Good experience of the relevant UK and international market with respect to UK Real Estate, Financial Institutions, large corporates and trade finance.
- Working knowledge of relevant product documentation and Compliance requirements