VP - Securitisation Risk - Global Corporate and Investment Bank - Up to £110,000 - £115,000 + Bon...

Our client is a global corporate and investment banking group who have been well-managed over the last 15 years, achieving steady growth while offering a stable environment for its employees. Their Credit function is now recruiting for a Vice President to join their Second Line of Defence (2LOD) Securitisation Risk team. This role is crucial for ensuring the integrity and compliance of our securitisation activities by providing independent oversight and challenge to the First Line of Defence (1LOD).

Role Summary:

• • Risk Oversight & Challenge: Independently review and challenge the risk assessments, underwriting standards, and ongoing portfolio management of securitisation transactions originated by the 1LOD.
  • Policy & Framework Management : Contribute to the development and maintenance of the firm's securitisation risk policies, procedures, and governance frameworks to ensure they align with regulatory requirements and internal risk appetite.
  • Credit Analysis : Conduct detailed credit analysis and due diligence on new and existing securitisation deals, including warehouses, CLO, RMBS, trade receivables, and other asset-backed securities.
  • Regulatory & Compliance : Stay informed of evolving regulatory landscapes (e.g., Basel, CRR, Solvency II) and ensure securitisation activities adhere to all relevant legal and regulatory standards.
  • Reporting & Communication : Prepare and present risk reports to senior management and risk committees, highlighting key risks, trends, and mitigation strategies. Act as a subject matter expert for securitisation risk within the bank.
  • Special Projects: Lead or support ad-hoc risk-related projects and reviews, contributing to the continuous improvement of the firm's risk management capabilities.

Profile Summary:

1. Experience: Minimum of 3-5 years of experience in structured finance, with a strong focus on securitisation or asset-backed finance. Experience in a 2LOD risk management or credit risk role is highly preferred.
2. Technical Knowledge: Deep understanding of securitisation structures, including waterfalls, collateral analysis, and relevant legal documentation. Familiarity with various asset classes (e.g., mortgages, auto loans, CLOs).
3. Analytical Abilities: Excellent quantitative, analytical, and financial modelling skills.
4. Regulatory Acumen: Solid knowledge of global and regional securitisation regulations and risk management principles.
5. Communication: Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly to diverse audiences.
6. Education: Bachelor's degree in Finance, Economics, or a related field. CFA or FRM certification is a plus.

Responsibilities and Tasks:

• • Review & authorise transactions in accordance with the Credit Officer Approval Authority Policy and Portfolio Management Rules, subject to the approval limits delegated from the MD of the Credit department.
  • Exercise strong risk assessment methodology toward new transactions and management of a portfolio of clients across a variety of sectors, geographies, and asset / product types.
  • Working as a trusted partner with Front Office deal teams to ensure delivery to clients whilst maintaining high credit quality. Articulate Credit department risk perception and appetite for a transaction in line with bank policy and procedures, manage the interaction and communication with front office teams, and attend meetings with clients where necessary.
  • Experience and capability to take a complex transaction from inception to approval with limited supervision.
  • Flexibility to work to tight deadlines under pressure (including ability to work outside of contracted hours from time to time / as workflow demands), to give prompt responses to customers.
  • Collaborate with other risk and compliance functions, where appropriate, to ensure enterprise-wide view of risk is considered.
  • Support pipeline management of the team and assist other members of the team by proactively taking work in a manner which ensures work is fairly distributed, particularly in times of strong workflow / staff absences.
  • Develop relationships within the team: seek guidance and advice from colleagues; express well-reasoned arguments and influence senior management; and assist in recruitment and training of more junior staff.
  • Willingness / flexibility to be involved in ad hoc projects supporting the strategy of the credit team and the wider department / institution.
  • Draw on expertise and professional knowledge to propose innovative solutions / improvements to status quo.