Senior Credit Risk Analyst - Risk Assessment Division

Senior Credit Risk Analysts (SEOs) are expected to work across three different areas according to business needs, working for the sector head responsible for each. SEOs produce high quality credit risk assessments of proposed transactions and existing exposures. They provide reasoned and evidence-based written arguments to justify their proposed credit ratings (including PDs and LGDs) and must be able to defend their analysis in discussions within the division and at Enterprise Risk and Credit Committee (ERiCC), with the support of the sector heads if necessary. They might also review and advise on the assessments produced by peers within the division and may be granted a delegated authority. SEOs are responsible for managing the case work assigned to them and for maintaining effective relationships with Risk Management Group (RMG) and Business Group colleagues, and other associated stakeholders (such as lawyers, policy and ESG colleagues) keeping them informed of progress and issues on case work.

Responsibilities

• Production of high-quality credit analysis (including credit ratings and LGD assessments) on corporate, project finance, aerospace, financial institutions and APM transactions.
• Coordination of inputs from multiple teams into credit papers as necessary.
• Identification and assessment of environmental, social and governance risks and climate change risks affecting the transactions.
• Attendance at external due diligence and negotiation meetings representing RAD.
• Ensuring proposed business is within UKEF risk appetite and advising on acceptable exposure levels.
• Developing subject matter competence on the team's various sectors and industries.
• Liaising with exporters, foreign buyers, banks, technical experts, advisers and other stakeholders including leading meetings, usually with senior management to understand the business and transaction structure.
• Interrogation and analysis of cash flow models.
• Critical review of external reports (technical, market, insurance etc).
• Active contribution to the ongoing development of UKEF credit risk policies, procedures & frameworks including updates to existing policies and continuous improvement of internal process efficiency.
• Training and up-skilling other analysts (and non-analysts) as required to increase credit risk knowledge across RMG and wider-UKEF.
• Provide credit risk analysis approval for non-binding indications of support.
• Presentation of analysis and recommendation for approval to risk colleagues and ERiCC.
• Where appropriate, provide credit analysis to support post-issue waiver requests.
• Where appropriate, day to day management and development of junior staff and secondees within the division.

This list is not exhaustive, and you may be required to carry out additional duties according to business needs.

Academic and Experience Requirements

• GCSE Maths and English equivalent or above, and/or good numeracy and written skills.
• Experience working in a bank, financial institution, rating agency, aircraft operating lessor, export credit agency or other relevant experience.
• Knowledge of the business models of various types of corporates and different types of financial structures.
• Good understanding of financial accounts, in particular those of large corporates, banks, insurance companies and airlines, including balance sheets, capital structure, P&L and cashflow statements; detailed knowledge of adjustments to assess cashflow, working capital, liquidity and debt sustainability.
• Ability to assess industry and competitor risks within unfamiliar / new sectors.
• Knowledge of a range of credit risk structuring and assessment tools for analysing qualitative and quantitative risk factors to produce probability of default (PDs) ratings and LGDs.
• Proficiency in Microsoft Office.
• Proficient analytical ability.
• Ability and commitment to learn about how financial institutions, particularly insurers and banks, project sponsors, large corporates, operating lessors and airlines operate.
• Highly numerate with the ability to make use of complex data to reach justifiable judgements.
• Excellent written and verbal communication skills, which must include the ability to convey complex information clearly with confidence and credibility.
• Ability to work autonomously in a responsible manner seeking advice when appropriate.
• Proven planning and organisation skills to manage multiple competing requirements, prioritise work and meet demanding deadlines with minimal supervision.
• Maintain effective professional relationships with colleagues, particularly where interaction is integral to the work of the division.
• Experience of using credit risk rating models and advanced risk measurement techniques in an environment of conflicting priorities to meet tight deadlines.
• Relevant experience of producing LGD assessments.
• Liaising with the management teams (e.g. CEO, CFO level) of the entities being assessed when there are queries about the company or its accounts.

Technical Skills

• Presentation - a short presentation, this will be a topic determined by UKEF and will need to be prepared in advance.
• A technical question where you will be assessed across your technical expertise and acumen, in relation to the essential criteria.

Application Process

The application must be completed by 23.55 on the day of the closing date for it to be accepted. If you are successful following the sift stage, you will be invited to an initial interview which will include a formal panel interview to assess your behaviours, experience and technical expertise.

Nationality and Equality

• UK nationals
• Nationals of the Republic of Ireland
• Nationals of Commonwealth countries who have the right to work in the UK
• Nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• Nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• Individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Benefits

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%