At a Glance
- Tasks: Monitor credit risks and collaborate with teams to manage financial shortfalls effectively.
- Company: Prestigious private bank with a strong presence in the UK.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: 4 days in the office with opportunities for career growth.
- Why this job: Join a leading bank and make a real impact on credit risk management.
- Qualifications: Experience in Lombard lending and strong knowledge of financial products 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.
For further information please contact Caitlynn Fourie.
Credit Risk Manager in Slough employer: Saxton Leigh
Join a prestigious private bank in London that values its employees and fosters a collaborative work environment. With a strong focus on professional development, the bank offers numerous growth opportunities and a supportive culture that encourages innovation and excellence. Enjoy the unique advantage of a four-day office week, allowing for a better work-life balance while contributing to a dynamic team dedicated to delivering exceptional financial services.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Manager in Slough
✨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.
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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.
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Don’t shy away from reaching out directly to firms like Saxton Leigh. 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 Risk Manager in Slough
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 Saxton Leigh.
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Research and Reflect:Before hitting that 'apply' button on Saxton Leigh'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 Saxton Leigh
✨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 Saxton Leigh.
✨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 Saxton Leigh 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 Saxton Leigh 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.
