At a Glance
- Tasks: Monitor credit risks and collaborate with Relationship Managers to resolve shortfalls.
- Company: Renowned Private Bank specialising in investment and wealth management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to work closely with front office and drive business success.
- Why this job: Join a leading bank and make a significant impact in risk management.
- Qualifications: 3-5 years in Credit Risk with strong financial product knowledge.
The predicted salary is between 50000 - 60000 £ per year.
Job Description
The Company: Our client is a highly recognised Private Bank specialising in investment, institutional asset management & private wealth management
The
Role: The Credit Risk Manager will monitor daily Lombard and insurance policy shortfalls through the monitoring tool and will breach report, liaising with Relationship Managers to obtain action plans and deadlines by which any shortfalls will be fixed.
Propose/assist with alternative solutions to the CRMs to regularise shortfalls.
The Credit Risk Manager will prepare and send margin call letters to Relationship Managers and will Instruct liquidation of all or part of assets when a margin call must be executed.
The Credit Risk Manager will use of Personal Approval Authority to approve smaller shortfalls, up to delegated limit.
Submit Monthly Shortfall Watch List to the Local Credit Committee.
Set up portfolio simulations and daily securities analysis for possible attribution of standard lending and weighting rates.
The Credit Risk Manager will run stress tests / forecasts based on global and market events.
For complex and outside credit policy lending applications, recommended by Credit Structuring & Analysis (CSA) team, The Credit Risk Manager will undertake a review and assessment for the Local Credit Committee Chair.
The Credit Risk Manager will as required act as deputy for Head of Credit Risk at Local Credit Committee meetings.
Assist risk colleagues, as necessary, with validation of payments, new loan validations, input of data / making pricing adjustments.
The Candidate Minimum 3-5 years-experience as a Credit Risk Officer / Manager within Private Banking / Investment Manager.
Strong knowledge of financial products (options, futures, FX forwards, including netting, hedging and strategies, understand the exact risk and margining)Strong knowledge of financial securities (Co Co bonds, Sukuk bonds, ETFs, Structured Products, CLNs, CLOs, Hedge Funds, Long Only Funds, Equities, etc)Awareness or risk.
Experience of investment lending to Private Banking clients either as CRM or in a Credit Risk related role.
Able to work closely with front office and drive business.
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Credit Risk Manager, Lombard Lending, Investments & Banking , Wlt Mgmt employer: JJ Search Ltd
As a leading Financial Services firm, we pride ourselves on fostering a dynamic work culture that prioritises employee well-being and professional growth. Our Harrogate location offers a collaborative environment where Facilities Managers can thrive, supported by comprehensive benefits and opportunities for advancement within the organisation. Join us to make a meaningful impact while enjoying a rewarding career in a vibrant community.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager, Lombard Lending, Investments & Banking , Wlt Mgmt
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like JJ Search Ltd. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Risk Manager, Lombard Lending, Investments & Banking , Wlt Mgmt
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to JJ Search Ltd.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on JJ Search Ltd's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at JJ Search Ltd
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with JJ Search Ltd.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at JJ Search Ltd will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former JJ Search Ltd employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
