SilverRock Bank | Portfolio Manager

At SilverRock, we are building a new bank. Our vision is to “Pioneer fairer financial outcomes by empowering lenders to deliver and enabling savers to prosper” We are doing this by building a unique and highly scalable data driven multi-asset bank through a partnership of ecosystems, specialising in the delivery of forward flow partnerships and portfolio acquisitions from non-bank lenders, alongside our own brand deposits.

Purpose of Role

Reporting directly to the Head of Credit, this is a key balance sheet management role at the heart of the SilverRock and critical to delivery of the performance management of our business and ongoing input into the credit & asset investment strategy for the construction, and maintenance of a multi-asset class loan portfolio. The Portfolio Manager will play a key part in helping the bank identify, analyse performance and trends in the balance sheet, then use this to help support existing asset investment relationships as well as support shaping the origination strategy across new asset investments.

The role accountabilities will entail the following:

• Provide support to the Head of Credit in the management and production of balance sheet performance MI, and any additional analysis required for Credit Committee, as well as other Executive Committees as required;
• Support Head of Credit and Head of Assets in the ongoing relationship management of existing forward flow partnership relationships in line with contracted terms, covenants and return expectations;
• Undertake regular investment assurance and relationship reviews;
• Working closely across the business, support the ongoing evolution of the Bank’s credit policies and asset manuals
• Support identification and due diligence workstreams of portfolio acquisitions and forward flow partnerships
• Support onboarding of asset investment partnerships and portfolio’s
• Liaise closely with the 2nd line function in the production of portfolio behaviours for the use in internal and ICAAP stress scenarios
• Liaise closely with finance and IT with the use of standardised data sets, their completeness and accuracy for the reporting of regulatory performance, and key commercial performance assumptions – RWAs, Prepayment rates, and Default rates

Key Required Skills

The ideal candidate will have relevant asset performance, commercial, analytical, and risk management experience in the asset backed financing, structured credit, Banking, or securitisation industry with excellent communication skills and the ability to thrive in a dynamic start-up environment. The candidate will be able to act clearly and decisively, particularly under pressure.

SilverRock will build a loan portfolio at pace and the Portfolio Manager will play a significant role in ensuring this is achieved and maintained whilst adhering to the Bank’s credit risk appetite and policies. Strong communication and engagement with the Ban’s Senior Management team and with the Bank’s risk, operations and compliance teams will be required with a respectful and professional interaction.

The skills and experience required are;

• Experience in Credit Risk, Analytics or Originations in the asset backed lending, banking, or securitisation space particularly with experience in acquiring or financing residential mortgage portfolios
• Experience of reporting on and analysing financing/warehouse transactions, securitisation programmes or portfolio acquisitions
• Experience of creating and reviewing portfolio performance MI
• Familiar regulatory performance metrics, and how portfolio performance measurements feed through a Bank’s revenue and P&L
• Experience of coordinating with internal and external counterparties in drafting, reviewing MI and key behavioural assumptions
• Sound market knowledge with a good understanding of the specialty finance industry
• Knowledge of banking regulatory capital, SME lending (unsecured and secured) and unsecured consumer lending is also desirable
• Understanding of rating agency methodologies, models and analytical techniques
• Ability to see bigger picture on overall strategy for the evolution of commercial and credit risk performance.
• Good planning and organizational skills: the ability to handle several tasks simultaneously and coordinate key projects with a variety of stakeholders.
• Communication skills: good written and verbal communication skills to be able to work effectively with others, with an ability to communicate and present technical information in a clear and concise manner
• Attention to detail: An eye for sporting emerging trends and patterns from large data sets, the ability to be meticulous and ‘slow down to go faster’ – do it once and get it right.
• Financial and cashflow modelling skills: exposure to modelling and reviewing cashflows and conducting analysis using large data sets
• Analytical skills: the ability to make deductions and meaning from rather complex data, and metrics, along with and abstract situations and make sound decisions from them.
• Energetic, capable of initiating and nurturing relationships.
• Strong collaborator

Key Qualifications

• Bachelor\’s degree in a numerate degree accounting, economics, finance, mathematics or other STEM field is advantageous
• Experience and a desire to pursue a career in Banking Credit, Structuring and Financial Analytics
• Basic understanding of accounting, statistics and economics
• Candidates with a bank, non-bank lending platform, rating agency, financial advisory firm or investment fund background with experience in either data and portfolio analytics, cashflow modelling, banking regulatory capital or investment analysis are encouraged to apply

Benefits

• Lifestyle and family friendly policies
• Health Insurance for you and your spouse
• 28-day Holiday Entitlement (plus bank holidays)
• Life Insurance
• Pension contributions

Must be legally authorised to work in the UK, we do not offer sponsorship.

We operate in a hybrid model with 3 days in the office.