At a Glance
- Tasks: Monitor Lombard and insurance policy shortfalls, prepare margin call letters, and run stress tests.
- Company: A prestigious private bank with a significant presence in the UK, located in London.
- Benefits: Work 4 days in the office, offering a dynamic environment in a growing financial institution.
- Other info: Act as deputy for Head of Credit Risk at Local Credit Committee meetings.
- Why this job: Join a leading private bank and leverage your expertise in Lombard lending and financial products.
- Qualifications: Strong knowledge of financial products and experience in lending to Private Banking clients required.
The predicted salary is between 70000 - 90000 £ per year.
A prestigious private bank with a significant and growing presence in the UK is seeking a Credit Risk Manager for the London business.
Key Responsibilities
- Daily monitoring of Lombard and insurance policy shortfalls through the collateral monitoring tool breach report.
- Liaise with CRMs to obtain action plans and deadlines by which any shortfalls will be fixed.
- Propose/assist with alternative solutions to the CRMs to regularise shortfalls.
- Prepare and send margin call letters to CRMs.
- Instruct liquidation of all or part of assets to the CRM when a margin call must be executed.
- 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 (new portfolios to move to the Business, impact when switching securities, etc).
- Daily securities analysis for possible attribution of standard lending and weighting rates (if applicable).
- 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, undertake a review and assessment for the Local Credit Committee Chair.
- 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 into Atlas (core banking system) and SpeciCred.
Experience Required
- Background in Lombard lending.
- Strong knowledge of financial products (options, futures, FX forwards, including netting, hedging and strategies), understand the exact risk and margining, etc, to be in a position to explain to a Banker the rationale for the margins applied.
- Strong knowledge of financial securities (CoCo bonds, Sukuk bonds, ETFs, Structured Products, CLNs, CLOs, Hedge Funds, Long Only Funds, Equities, etc).
- Experience of lending to Private Banking clients either as CRM or in a Credit Risk related role.
- Experience of mortgage lending, in a regulated environment, would be beneficial.
Credit Risk Manager employer: Saxton Leigh
This prestigious private bank is located in London and offers a unique opportunity to work in a growing team. Employees benefit from a structured environment with a focus on professional development and collaboration. The bank's commitment to excellence in credit risk management sets it apart in the financial sector.
We think you need these skills to ace Credit Risk Manager
Credit Risk Management
Lombard Lending
Financial Products Knowledge
Risk Assessment
Margining Strategies
Securities Analysis
Stress Testing
