Head of Credit | Asset Finance

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This is a hybrid role working 3 days per week in the office (City of London location) and 2 days working from home.

Role Purpose:

• Manage day to day underwriting workflow: Lead, manage, coach, & develop team of 8 underwriters. Manage transaction workflow. Deliver high service levels to brokers. Champion direct to broker communication

• Oversee Portfolio Risk & credit appetite & strategy: Oversee portfolio risk, identify trends, adjust underwriting accordingly. Review & enhance AF credit policy & Lending procedures & ensure the AF credit teamwork within this framework and deliver best practice around compliance and regulatory matters.

Responsibilities:

Manage Underwriting Workflow:

• Manage the AF underwriting team (circa 9) by training, coaching and mentoring to make sure colleagues are technically and practically competent
• Monitor and provide guidance on staffing levels relative to service levels, business demands and quality
• Report to the HoAF and BMC on the performance of the Underwriting and other Credit risk functions against the risk appetite
• Manage the team to ensure delivery against the credit policy & other relevant procedures including financial crime, KYC, and customer on-boarding
• Monitor business performance and team productivity.
• Provide regular clear reporting to HoAF and other stakeholders on business and team performance against business objectives.
• Maintain and develop own skills, knowledge and behaviours whilst maintaining awareness of industry and regulatory standard and changes
• At peak periods, where possible, lead by example and support the team by underwriting transactions
• Lead Underwriting change management projects in support of business objectives
• Support the wider AF management on process and operational improvements

Oversee Portfolio Risk & credit appetite & strategy:

• Oversee portfolio risk, identify trends, and adjust front line underwriting approach accordingly. Improve the existing approach to managing and reporting against portfolio risk
• Lead risk section of monthly governance meeting
• Work with Risk & Compliance function to ensure effective quality assurance processes, which evidence compliance with all legal and regulatory requirements
• Lead project to deliver rules-based automation in underwriting by working with head of ops and change team. Manage stakeholder engagement with 2nd line risk
• Support the development of new products from a credit risk perspective.
• Deliver 1st line Credit QA
• Ownership of any updates to credit policy and lending procedures including roll-out to the business and ongoing adherence by the team
• As part of the AF senior management team you will be expected to participate in monthly management meetings, provide input into the budgeting process, and act as a brand ambassador for UTB in the AF market
• Attend relevant FLA risk meetings
• Oversight of Block from a credit risk perspective

Skills and Experience sought:

• Demonstrable AF experience with an emphasis on hard asset underwriting
• Good knowledge of block discounting
• Experience of rules based automated credit decisioning
• Minimum 3 years' experience in a senior credit role
• Minimum 3 years people management experience
• Qualified in credit management
• Experience working / presenting at exco level
• Strong IT skills and awareness of emerging technologies
• Experience of auto-decisioning frameworks preferred.
• Experience preparing credit papers and an in analysing financial information.
• Highly organised with excellent time management skills, with the ability to work under pressure to tight timescales whilst paying attention to detail. years proven experience in in a senior credit role

Remuneration and Benefits:

• Competitive Salary and Bonus package
• 26 Days Holiday
• 2 Wellbeing Days
• Contributory Pension
• Life Insurance / Income Protection / Critical Illness Cover
• Private Medical Insurance
• Season Ticket Loans
• Excellent career development opportunities and where appropriate sponsorship of a relevant qualification