Assistant Manager – Credit (12-Month Fixed Term Contract)
London (4 days in office) | £40,000 – £50,000 | Start within 3–4 weeks
About the client
Our client is a UK-regulated bank and the London subsidiary of a major International banking group. They're looking for an experienced credit professional to join a small, close-knit Credit team on a 12-month fixed-term contract.
This role requires someone who is available to start within the next 2–4 weeks.
Candidates must already have the right to work in the UK. Visa sponsorship is not available.
Applications close Sunday 1st November at 12 noon.
The role
Reporting to the Head of Corporate Lending, you will underwrite and monitor a portfolio of Real Estate (CRE & Residential) and Corporate loans across the full credit lifecycle.
Key responsibilities
- Preparing detailed Credit Appraisal Notes for new lending, renewals, restructures and extensions, and obtaining Risk sign-off within agreed turnaround times
- Carrying out due diligence on borrowers, promoters and guarantors, including KYC/AML, World Check, CIFAS and Experian checks
- Reviewing legal and valuation reports on property security, and external credit ratings
- Checking that financials used in proposals match those filed at Companies House
- Drafting responses to Risk Manager's Notes, deviation and concession papers
- Preparing sanction letters and making sure all terms and conditions are included
- Ongoing monitoring of the loan portfolio: financial statement and covenant compliance reviews, syndicated and bilateral term loan reviews, and pre- and post-sanction site visits
- Maintaining credit MIS, including the loan master file and LGD data
- Supporting the empanelment and annual review of solicitors and valuers
- Keeping up with UK banking, economic and real estate market developments
- Supporting the Head of Corporate Lending in growing the lending book and presenting proposals to sanctioning authorities
- A minimum of 4 years'experience in Real Estate underwriting (CRE and Residential) and Corporate Credit
- A proven track record in credit appraisal of medium and large corporate proposals
- A degree in any discipline, plus one of the following: MBA (Finance), PGDBA, PGDBM, CA, CFA, ICWA, or an equivalent UK/international qualification (e.g. ACA, ACCA, CIMA)
- Strong working knowledge of UK credit processes and PRA expectations
- The right to work in the UK without sponsorship
- Availability to start within 3–4 weeks
What's on offer
- A salary of £40,000 – £50,000, depending on experience
- Broad, hands-on exposure across the full credit cycle in a small, collaborative team
Only applicants who meet all of the essential criteria above will be considered.
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Assistant Manager – Credit in City of London employer: Cameron Kennedy
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