Active Portfolio Management Analyst, Specialised Product

The principal role of the Department is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers. To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment, particularly given the elevated default risks associated with emerging markets.

The Risk Management Group (‘RMG’), under the leadership of the Chief Risk Officer (‘CRO’) is responsible for the management of UKEF’s risk portfolio, including new business credit risk assessments. RMG operates via 5 Divisions, responsible for Enterprise Risk Management, Risk Assessment, Analysis (Pricing & Portfolio Risk, Operational Research & Analysis, and Economics & Country Risk), Portfolio Management, and Restructuring, Claims & Recoveries.

The Risk Assessment Division (‘RAD’), is responsible for providing probability of default (‘PD’) ratings and loss given default (‘LGD’) assessments on all non-sovereign risks assumed by the Department. RAD’s case work is split currently into three teams: Corporates and Strategic sectors; Project Finance; and Specialised Products Risk (Aerospace and Financial Institutions (banks & NBFIs) & Active Portfolio Management (see below)).

The APM Branch identifies packages and transfers UKEF risk with financial intermediaries. Once transactions have been approved, APM monitors risk concentration and explores methods to reduce portfolio risk. APM works closely with all aspects of the business to develop a co-ordinated strategy to optimise UKEF’s use of funds. APM delivers two key benefits: increases capacity under country limits; and reduce the likelihood of cash-calls on the exchequer. APM supports UK exporters and ensures this is carried out in the most cost-efficient way.

To undertake diverse tasks as directed in providing support to the Senior Manager (APM), covering all functions carried out by the team. This will include:

• Portfolio Management: Monitoring and Analysing Portfolio Data and Risk Concentrations, Executing Risk Transfers and Management of Existing (Re)Insurance Tranches.
• Assist with Relationship Management (Brokers and (Re)Insurance counterparties)
• Develop relationships with financial services companies
• Policy development, Training and Project work

The role currently does not involve line management, however in future, line management responsibilities could be added to the remit, including, ensuring that all regular staff management, reporting, and training requirements are met and standards complied with.