At a Glance
- Tasks: Design and enhance Metro Bank's Block Discounting and Receivables purchasing proposition.
- Company: Join a leading bank with a focus on innovation and collaboration.
- Benefits: Competitive salary, annual bonus, generous holidays, pension scheme, and healthcare.
- Other info: Internal promotions are common, with 40% of roles filled from within.
- Why this job: Make a real impact in a dynamic banking environment with growth opportunities.
- Qualifications: Proven experience in secured receivables-based lending and strong negotiation skills.
The predicted salary is between 80000 - 100000 £ per year.
Responsibilities include designing, launching, and continuously enhancing Metro Bank's Block Discounting and Receivables purchasing proposition. Developing pricing models, facility structures, eligibility criteria, and risk parameters aligned to bank appetite. Partnering with Product, Risk, Credit, Legal, and Operations to build a scalable, best-in-class capability.
Business Development must understand mechanics, audit requirements, legal frameworks, and risk controls. Proven track record in originating, structuring, and managing Block facilities or similar secured receivables-based lending. Strong understanding of HP, lease and loan agreements, asset finance markets, and independent lender operating models.
Experience conducting or overseeing audits, including system reviews, portfolio performance testing, and fraud controls. Strong commercial negotiation skills with an established network of asset finance lenders or brokers. Excellent understanding of borrower financial and portfolio information, eligible collateral rules, minimum cover ratio testing, concentration controls, replacement paper mechanisms, fixed and floating charges, and fraud risks (especially double-funding).
Ability to analyse arrears data, portfolio characteristics and financial statements. Strong awareness of regulatory expectations around KYC/AML reliance, Consumer Duty considerations, and money laundering risks.
Benefits include a competitive salary, discretionary annual bonus, and a wide range of benefits, including generous holiday allowance, an attractive pension scheme, healthcare, life assurance, and a number of colleague discounts. Training will be provided to ensure success in the role and plenty of internal opportunities to progress your career.
Head of Wholesale in Surrey employer: Metro Bank
Metro Bank is an exceptional employer that prioritises employee growth and development, offering a competitive salary and a comprehensive benefits package including generous holiday allowance and healthcare. With a strong focus on collaboration and innovation, our work culture fosters teamwork across departments, ensuring that employees are well-supported in their roles while having ample opportunities for internal progression.
