Manager Corporate SME Credit Risk Underwriter

Location Manchester
Discipline: Retail Banking
Job type: Permanent
Contact name: Ghislaine Aldred

Contact email: Careers@co-operativebank.co.uk
Job ref: 014042
Published: over 1 year ago

Manager Corporate SME Credit Risk Underwriter 

Manchester / Remote

Band B – Salary to be discussed

 

The Co-operative Bank has been rooted in distinctive co-operative values and ethics, underpinning how we run our business and providing customers with a real ethical alternative for 150 years. 2022 marks our 150th anniversary of ethical banking, we remain committed to our co-operative heritage, and values in all that we do. It is our unwavering commitment to these values and our unique customer-led Ethical Policy, which has made us a natural leader in environmental and social issues today, resulting in the bank being rated as the UK’s best Environmental, Social and Governance (ESG) rated high street bank by leading ESG ratings agency Sustainalytics.

We are longstanding advocates of hybrid and flexible working and offer remote working in roles that allow, with the opportunity to spend 1-2 days in the office where desired.

 

The role:

 

We’re recruiting for a Manager specialising in SME underwriting to carry out detailed credit analysis on Corporate and SME lending opportunities. You will approve lending within the role holder’s delegated lending authority and/or make appropriate recommendations on such lending to senior risk colleagues, up to and including the Chief Executive Officer.

 

This role requires detailed technical corporate credit risk skills to support and assist the relevant the Head of SME Underwriting, Head of SME Credit Risk or Credit Risk Director, as appropriate, to manage and control all Corporate and SME (incl Legacy) lending, post sanction

 

Key Accountabilities:

  • Act as a Subject Matter Expert on all SME/Corporate Credit Risk related matters providing support and input on a range of matter, from being straightforward enquiries to more complex lending scenarios across the full range of sectors
  • In line with the Risk Management Framework complete robust and comprehensive Credit Risk assessments of Corporate and SME lending applications, making lending decisions fornew and existing borrowing ensuring that the information provided is validated and robust, that agreed credit policy and appetite is complied with, and that the risks to the Bank are identified and are appropriately managed, mitigated and/or eliminated
  • Where appropriate, prepare an appraisal note to the appropriate higher mandate holder, highlighting all key issues and including the lending decision recommended by the role holder which may include presentation at Credit Risk Oversight Committee, and/or directly to the Chief Executive Officer
  • Together with colleague managers in SME Credit Risk, manage the daily workload to optimise service levels and meet SLA’s agreed with SME Banking and Legacy
  • Work effectively with Corporate, SME and Legacy colleagues at all levels to ensure sharing of best practice in relation to Credit Risk Management
  • As necessary, seek additional information and clarification from the submitting Relationship Manager, undertake relevant research to establish sector related information to support the proposed lending, and  discuss (and as appropriate, agree) enhanced lending/revised controls with the Relationship Manager
  • Assist the relevant The Head of SME Underwriting or Head of SME Credit as appropriate, to manage and control distressed corporate lending exposures

Knowledge, Skills and Experience Required:

  • Extensive level of experience in Corporate and SME lending, with a highly developed understanding of the canons of good lending
  • Ability to take the lead on larger lending transactions (for new lending within lending mandate and making recommendations where necessary to Credit Risk Director and/or Chief Risk Officer) including the detailed assessment of credit applications for such transactions
  • Highly experienced in credit risk management systems, models, strategies and policies
  • ACIB qualification preferred
  • Excellent verbal and writing skills, including presenting to senior management and/or relevant committees / forums
  • Ability to build and maintain relationships at all levels, including key stakeholders, senior management, role-holder’s peer group and less experienced colleagues
  • Up to date and extensive knowledge of internal and external developments within the Corporate & SME business environment
  • Up to date knowledge of legal and regulatory requirements/developments
  • Detailed level of knowledge of Bank’s agreed Lending Procedures and Credit Policies, and SME Credit Risk Underwriting Internal Procedures or an ability to assimilate these quickly

What You Can Expect From Us:

  • Flexible and remote working

  • 27 days holiday, plus opportunity to buy 5 extra days

  • Competitive pension / income protection / life assurance

  • Positive, friendly work culture that promotes work life balance

  • Commitment from employers on continued learning & development

  •  Wellbeing support ‘Help@Hand’ offers mental health support, physiotherapy, GP’s for both you and your family.

  • 2 paid days for volunteering per year

  • ‘MyReward’ corporate discount for over 800 retailers and Cycle to Work Scheme.

  • Family friendly policies and supportive working environment

  • Recognition scheme and a culture in which we celebrate success

  • Colleague network groups committed to inclusion and diversity within our Bank.

Our Bank is committed to continuing to create a diverse workforce and an inclusive environment where all colleagues can fulfil their potential. We welcome applications from talented individuals from all backgrounds and lifestyles who can work with us in maintaining a culture of belonging, where people are valued and respected.

 

If you require more information or this document in a different format, please contact careers@co-operativebank.co.uk

 

As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.