At a Glance
- Tasks: Assess and approve financing proposals while managing credit risks and ensuring compliance.
- Company: Leading banking organisation with a focus on credit approval and risk management.
- Benefits: Competitive salary, benefits package, and opportunities for career development.
- Other info: Fast-paced environment with opportunities to work on diverse projects.
- Why this job: Join a dynamic team and make impactful decisions in the finance sector.
- Qualifications: 3+ years in commercial credit risk management and strong analytical skills.
The predicted salary is between 49500 - 60500 £ per year.
We are working with a leading banking organisation to recruit a Credit Analyst to join its Credit Approval Unit in Moorgate. Reporting to the Head of Credit Approval, this role will support the assessment and approval of BTL and commercial financing proposals, ensuring strong credit quality, effective risk management and adherence to internal policies and UK regulatory requirements.
Key Responsibilities
- Assess BTL and commercial financing proposals against credit policy and delegated mandate.
- Analyse financial information and identify key credit risks, mitigants and areas requiring further investigation.
- Review credit applications and liaise with Relationship Managers to resolve queries within agreed turnaround times.
- Ensure credit proposals and supporting documentation meet internal requirements before submission for approval.
- Monitor the performance and ongoing dynamics of the existing credit portfolio.
- Review monthly and quarterly portfolio reports and contribute to annual reviews.
- Prepare reports and information for credit sanctioning committees.
- Maintain accurate electronic records of credit requests and supporting documentation.
- Identify and highlight any gaps or weaknesses within the credit process.
- Ensure ongoing compliance with Group credit policies and UK regulatory requirements.
- Liaise with Credit Administration, Finance, Compliance, Audit and other relevant teams.
- Support projects and assignments as required by the Head of Credit Approval.
What We're Looking For
- 3+ years' commercial credit risk management experience, with direct exposure to credit decision-making and sanctioning procedures.
- Experience within Relationship Management or direct exposure to commercial lending clients.
- Strong understanding of the UK SME lending and Trade Finance market.
- Excellent understanding of financial statements and financial analysis.
- Strong knowledge of credit risks and mitigants for both on- and off-balance-sheet facilities.
- Understanding of Basel, PRA and FCA regulatory requirements and credit risk policies.
- Hands-on experience using nCino is essential.
- Strong Excel and spreadsheet/database skills.
- Experience with emerging market SMEs, business models and industry trends would be advantageous.
- Workout/restructuring experience with problematic corporate accounts would be desirable.
The Ideal Candidate
You will be commercially minded, analytical and confident in exercising sound credit judgement. You will be comfortable working under pressure and managing multiple priorities while maintaining a high level of accuracy. Strong communication and relationship-management skills are essential, as the role involves regular interaction with Relationship Managers, senior management and teams across the wider organisation.
If you have strong commercial credit experience, exposure to the approval and sanctioning process, and nCino experience, this is an excellent opportunity to develop your career within a specialist Credit Approval function.
Salary: £55,000 - £60,000 + benefits Location: Moorgate, London
Credit Analyst in City of London employer: LJ Recruitment
Join a dynamic and supportive team at a leading manufacturer in Mid-Essex, where your expertise as a Powder Coating Team Leader will be valued and rewarded. With a strong focus on employee development, we offer opportunities for growth and advancement within a collaborative work culture that prioritises safety and quality. Enjoy the benefits of working in a well-established company that fosters innovation and efficiency, making it an excellent place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Analyst in City of London
✨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 LJ Recruitment. 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 Analyst in City of London
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 LJ Recruitment.
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 LJ Recruitment'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 LJ Recruitment
✨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 LJ Recruitment.
✨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 LJ Recruitment 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 LJ Recruitment 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.
