Associate - Structured Finance

At Kroo Bank, we’re building a better bank from the ground up. One that puts customers first, treats money responsibly, and uses technology to make everyday banking simpler, fairer and more transparent. We’re a fully regulated UK bank, backed by long-term investors, with a growing customer base and big ambitions. We move fast, think carefully, and hold ourselves to the highest standards, whether that’s how we engage with our customers, build products, manage risk, or look after our people.

How you will contribute and key responsibilities:

As an Associate in Structured Finance, your key responsibility will be to support the origination, structuring, execution, and ongoing management of structured lending transactions that form an essential part of Kroo’s growth strategy. In a challenger bank environment, you will work across the end to end transaction lifecycle, combining detailed credit analysis, financial modelling, documentation support, and portfolio performance oversight with client and originator interaction.

• Support the Head of Structured Assets in originating structured lending opportunities across a range of originators, sponsors, and asset classes, building and maintaining a high quality opportunity pipeline.
• Develop and maintain detailed financial models for asset backed and cash flow lending transactions, including returns analysis and scenario based sensitivities.
• Prepare indicative terms and commercial proposals, including assessment of RWAs, RAROC, ROE, and NIM, and contribute to internal pricing and structuring discussions, supporting optimisation of structure, pricing, and capital efficiency.
• Prepare clear, well evidenced credit papers for Executive Committee, Credit Committee, and Board level review, ensuring robust articulation of risk and mitigants.
• Coordinate and support detailed borrower, sponsor, and originator due diligence, working with internal and external stakeholders to validate key assumptions and identify potential risk areas.
• Analyse financial statements, business plans, collateral performance, and cash flow forecasts, and assess creditworthiness, capacity to repay, prepayment and default risk, and structural protections.
• Identify, document, and monitor key risks including market, operational, legal, and concentration risks, ensuring alignment with internal credit policies and PRA and FCA expectations.
• Work closely with internal and external legal counsel to support negotiation of facility agreements and transaction documentation, ensuring commercial intent and credit approvals are accurately reflected.
• Coordinate completion mechanics including conditions precedent tracking, internal approvals, funding and treasury requirements, and operational readiness to ensure smooth execution.
• Monitor portfolio performance and covenant compliance, identify early warning indicators, and elevate emerging risks in line with governance expectations and risk appetite.
• Conduct annual reviews and credit re-assessments, maintain accurate reporting, and contribute to continuous improvement of portfolio monitoring, credit processes, and management information.

Required qualifications:

• Bachelor’s degree in Finance, Economics, Accounting, or a related field.
• 3+ years’ experience in structured finance, leveraged finance, real estate finance, project finance, or corporate banking within the UK market.
• Experience preparing credit papers for UK bank credit committees.
• Familiarity with PRA and FCA regulatory frameworks, including capital considerations.

Required skills:

• Advanced financial modelling skills in Excel, including cash flow modelling, sensitivities, covenant modelling, and stress testing.
• Strong credit analysis skills, and use of credit analysis tools and techniques, including financial statement analysis, business plan review, and assessment of repayment capacity, prepayment and default risk.
• Ability to produce high quality credit papers for ExCo, Credit Committee, and Board level audiences.
• Strong experience and understanding of asset backed finance dynamics and secured lending structures, including portfolio purchases and forward flow arrangements.
• Working knowledge of risk weighted assets, capital impact, and risk adjusted return measures (RWAs, RAROC, ROE, NIM).
• Strong understanding of structured finance documentation standards and ability to support negotiation of facility agreements with legal counsel.
• Ability to coordinate execution and completion mechanics across Legal, Risk, Compliance, and Treasury, including CP tracking and funding processes.
• Portfolio management skills, including covenant compliance monitoring, annual reviews, early warning identification, escalation, and accurate internal reporting.
• Strong stakeholder management and communication skills, with clear and concise written and verbal output.
• High ownership mindset with integrity and diligence, able to operate effectively in a lean team with strong attention to detail and governance awareness.
• Proficiency in PowerPoint.

What we offer:

• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
• Employer-sponsored volunteer program: We’re passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time.
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
• Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top-up.
• Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required.
• Modern office: When you’re in the office, you’ll enjoy access to our modern, bustling workspace in Farringdon (Central London).
• Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme.
• Electric Car scheme: We’re committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same.
• Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families.
• Room for growth: As a fast-paced, high-growth start-up, we’re dedicated to providing our employees with room to grow and excel. You get full healthcare for you and your nuclear family via Vitality.
• Hybrid Working: At Kroo Bank, we have a hybrid policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource when used effectively. So, employees who can occasionally come to the office are a good fit for how we work right now. Keep in mind that this job involves working from Monday to Friday, with a mix of remote and office work, so you won’t need to be on-site all the time.
• Diversity and Inclusion: We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.