Accessibility Links

Global Head of Credit

  • Location: London
  • Salary: £Six figure base + benefits + bonus + shares
  • Job type: Permanent
  • Job reference: AB/167869A
  • Sector: Banking, Other Financial services
Job Description

This role will encompass the management of Credit Department globally, which underwrites uncollateralised / part collateralised risk arising from counterparty foreign exchange hedging. Principal responsibilities include maintaining and developing the existing Credit Dept infrastructure for the UK and a growing number of overseas offices (currently Gibraltar, Ireland, Romania, Spain, the US and Brazil). Motivate train and develop the existing credit team so that they are equipped to provide in depth analysis and recommendations based on financial and other sources of information for existing and prospective customers.  The role includes customer meetings at CFO level, experience and competence in this regard is essential.

Key Accountabilities

Credit Applications:

  • Prepare applications and make recommendations highlighting all issues pertinent to the credit decision.
  • Justify credit decisions, verbally and in writing.
  • Give guidance and constructive feedback on the work produced by Credit team members.
  • Use delegated authority in a manner that enables business growth whilst protecting the business from undue risk.

    Credit Research:

  • Proven ability to assess the credit credentials of a broad range of counterparty types including SMEs, mid cap corporates, banking institutions not subject to rating agency oversight, NBFIs (including insurance Brokers, Funds, Fund managers and MSBs). Customer due diligence meetings frequently form part of the assessment process

    Risk Committee:

  • Prepare for and attend Risk Committee displaying a comprehensive understanding of the portfolio to the executive and non-executive boards.

    Compliance:

  • Ensure all customer and internal correspondence are of the highest quality
  • Ensure all files, paperwork and systems are maintained in line with Company standards
  • Ensure Company procedures and policies are followed at all times, including Know Your Customer (KYC) procedures

    Internal Relationships:

  • Success in the role includes developing and maintaining strong and effective working relationships with senior colleagues from across the business.
  • Partnering with internal business unit MD's and Senior Sales Executives, developing and maintaining a collaborative working environment between the credit function and business units.

 

Knowledge & Experience:

 

Management:

 

  • Prior experience at manager level with staff responsibility, within a Credit Department at a financial institution
  • Professionally trained and on the job acquired people management and development skills

     

    Credit Experience:

     

  • SME corporates
  • AIM and other listed entities
  • A wide range of customer industry sectors including airline, tourism, IT infrastructure and services, food supply chain, clothing, O&G
  • Private equity backed transactions
  • Complex group structures
  • Small / Private bank analysis for entities unlikely to be covered by the major rating agencies
  • Insurance underwriting, run off and broking sectors
  • Funds and fund managers
  • MSBs

     

  • Knowledge of some or all of the overseas markets in which the business has a presence would be a distinct advantage – willingness to travel to these and other potential new office locations.
  • Language skills – a distinct advantage
  • Experience in a demanding dealing room environment - preferable
  • Sound knowledge of foreign exchange markets including structured option products including risk and suitability factors

     

     

    Skills and Competencies:

     

  • Relationship building with people at all levels of seniority
  • The ability to work under pressure in a fast paced environment and to tight deadlines
  • Good organisational skills including prioritisation
  • Clear communicator, written and verbal
  • Proficient IT skills, excellent Excel skills
  • Commercial acumen and proven sound judgement including use of subjective factors
  • Attention to detail

     

    Education:

     

  • Finance based degree or similar

 

Personal Attributes:

 

             Professional

             Approachable and personable

             Personal drive

             Team player

 

Similar jobs
Credit Analyst
  • Location Frankfurt
  • Salary €70,000 - €110,000
  • Job type Permanent
  • Sector Banking
  • Description Our client is a leading global banking group with a well respected investment banking division, they are seeking experienced Credit Analysts to join their growing Frankfurt team.
VP Credit Risk
  • Location London
  • Salary £75,000 Base + Benefits + Bonus
  • Job type Permanent
  • Sector Banking, Asset Management/funds
  • Description My client is a global custody bank with a significant presence in London. They are looking for a credit risk specialist with experience of FI/NBFI credit analysis
Credit Risk Analyst
  • Location London
  • Salary £50,000 - 60,000
  • Job type Permanent
  • Sector Banking
  • Description A specialist Bank is currently seeking a Credit Risk Analyst to oversee their buy-side investment portfolio in the Leveraged Loan Market. The role holder will be responsible for monitoring and
Credit Risk Modelling Manager
  • Location Scotland
  • Salary Highly Competitive (Based on experience) + Package + Bonus
  • Job type Permanent
  • Sector Banking, Credit Risk, Other Financial services , Professional Services
  • Description Edinburgh / Glasgow A well-known banking group is looking for an experienced credit risk modeller to lead the team responsible for complex model development projects and analysis
Related news