Director, Portfolio Monitoring

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Reporting to the Senior Director you will work supported by a team of analysts in monitoring and managing a mixed portfolio of SME/Mid Cap corporate trading business loans and real estate investment loans. Loan sizes range from £1m to £50m. Prior experience working with Sponsor backed Private Equity or Corporate Finance backed customers and lending structures a significant advantage.

The successful candidate will manage all post origination credit risk generated by the bank through its business activities. To support the safe and sustainable expansion of the bank's loan book by successfully measuring and managing credit risk in line with the Banks appetite and policies.

To be successful in this role, candidates will need to have proven credit and relationship skills and experience to be able pick up the responsibilities immediately and work at pace to meet deliverables and is likely to have already held a similar credit and control or restructuring role in a major bank.

Responsibilities:

• Deliver strategies and outcomes to manage customers showing signs of financial distress and facilitate the return of such customers back to the performing loan book.
• Lead negotiations with borrowers and their stakeholders and seek to understand underlying reasons for a non-performing credit and to remediate these reasons through structuring and credit improvements that allows the borrower to achieve their business goals without exposing the bank to undue risk.
• Provide leadership to the monitoring team in the UK and India to proactively manage the bank's portfolio of borrowing customers from both a relationship and credit perspective.
• Acting as a leader to provide direction to the team organizing work steams to identify growth and income opportunities and work with existing control frameworks as well as creating new ones to manage and measure credit risk on both an individual loan and portfolio basis.
• Deliver initiatives to increase capacity for loan book growth whilst maintaining or improving the risk profile.
• Use your knowledge and experience to suggest new ways or working and managing risk that delivers efficiencies and an improved risk environment. Similarly deliver on projects and initiatives put forward by the Banks senior team.

Requirements:

• Commercial Credit Appraisal: Possesses in-depth knowledge of commercial credit appraisal techniques and effectively applies them in real-world scenarios.
• Lending Experience: Has extensive experience in lending, with high proficiency in analysing financial accounts, handling complex lending and security documentation (including LMA), and creating and reviewing detailed financial models.
• Negotiation and Influence: Skilled at negotiating and influencing senior stakeholders within borrower companies, their shareholders, and internal teams.
• Communication Skills: Exhibits excellent verbal and written communication abilities, along with strong presentation skills.
• Analytical Skills: Displays exceptional analytical abilities with a keen attention to detail, adept at analysing, documenting, simplifying, and managing complex technical and business processes.
• Work Ethic: Demonstrates strong commitment to meeting tight deadlines and efficiently closing transactions.

Benefits & Perks:

• Equity. We want people to have a stake in the business so that all our interests are aligned.
• 25 days holiday
• Personalized benefits - opt-in to what matters to you
• Subsidised Private Medical Insurance with Bupa
• Enhanced maternity and paternity leave
• Wellbeing and social events
• In-house Barista Bar in London office
• Support causes that matter to you - Volunteering time off
• Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)

About Us

We're OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.

Banking should be barrier-free. It's a belief at our very core, inspired by our entrepreneurial spirit, driven by the unmet financial needs of millions, and delivered by our data-driven tools.

And for those who love helping businesses thrive? Our savings accounts help diversify the high street and create new jobs, all while earning savers some of the highest interest on the market.

But we go beyond finance, to empower our people, encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.

Our story

OakNorth Bank was built on the foundations of frustrations with old-school banking. In 2005, when our founders tried to get capital for their data analytics company, the computer said 'no'. Unfortunately, all major banks in the UK were using the same computer - and it was broken.

Why was it so difficult for a profitable business with impressive cashflow, retained clients, and clear commercial success to get a loan?

The industry was backward-looking and too focused on historic financials, rather than future potential.

So, what if there was a bank, founded by entrepreneurs, for entrepreneurs? One that offered a dramatically better borrowing experience for businesses?

No more what ifs, OakNorth Bank exists.

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