eFinancialCareers

• Company

  JP Banking Solutions

• Location

  UK-London

• Compensation

  £45k - £55k + car/allowance + LTA + bonus + excellent benefits

• Position Type

  Employee

• Employment type

  Full time

• Updated

  10 Nov 2008

• eFC Ref no

  467662

Head of Risk Control Unit - Credit & Operational Risk, Corporate Banking Our client is a leading UK Bank. They are keen to strenghten their successful credit & operational risk function in the large corporate banking area of the business.

Head of Risk Control Unit - Credit & Operational Risk, Corporate Banking

Our client is a leading UK Bank. They are keen to strenghten their successful credit & operational risk function in the large corporate banking area of the business.

The successful candidate will:

• Lead a Deal Execution & Support Team involving Pre & Post-Sanction/Deal Support, Monitoring & Control to a Larger Business Relationship Team.  Ensure quality objective credit papers are prepared by the Corporate Credit Managers and Corporate Credit Analysts. Typically these will individually involve exposures of up to £100m but will also exceed this on occasion and involve presentations to Group Credit Committee.

• Ensure Lending Documentation and Security is prepared and executed in accordance with sanction and compliant

• Set up and then manage robust monitoring & control systems & procedures to identify and act upon/report early warning signs in the lending book and ensure all covenants, conditions and triggers are adhered to re assets typically totaling £4bn. Ensure that Risk Control & Credit procedures are adhered to and enhanced where possible.

The role will have the following time split:

50% - Team Management

• Provide leadership to the Risk Control Unit (RCU) in line with the Team’s overall strategy

• Performance manage, develop, coach and motivate a Risk Control Unit (comprising credit-focused Corporate Credit Managers, Corporate Credit Analysts, Credit Assistants,Credit Rigour Managers, Operational Rigour Leaders, KYC Managers and in some cases a Deputy Head of Risk Control Unit)

• Liaise closely with Relationship Directors (and, where appropriate Structured Finance), Specialist Lending, BBS and Operational Rigour to ensure that relevant training is maintained to a high level across the team.  To include Business Risk Analysis, Credit Analysis, Deal Structuring, Pricing, Monitoring & Control procedures and Operational Risk Issues

50% - Business Management

• Champion the sales/credit partnership

• Review & drive enhancements to the business model for monitoring & control process with a view to streamlining or automating processes/procedures to improve the cost to serve model.

• Undertake Quality Assurance in respect of the Monitoring & Control Process within the Risk Control Unit. 

• Design & implement robust modelling capability within the team for the assessment of potential risks associated with bespoke facilities available for any specialist industry sectors

• Responsible for the timely and accurate completion of the monthly Classification of Limits Adjustment Return

• Know Your Customer – Responsible for the KYC performance of the team and the accurate maintenance of appropriate records.

• Responsible for team’s Data Quality integrity and for the coordination of any related remediation exercises

The successful candidate is likely to have the following background:

• Expert knowledge of credit risk monitoring tools and procedures, in depth knowledge of  Credit analysis and controls in the Larger Business Arena. 

• Strong knowledge of Operational Risk and rigour processes, procedures, tools and practices within UK Banking & a strong working knowledge of regulatory impacts as they impact the team e.g. CCI, FSA etc.

• Good knowledge and understanding of relevant legislation – Money Laundering, Data Protection, Financial Services Act, Health & Safety Act, Banking Code, GISC, etc along with a good knowledge of Corporate Controls and Checks, including Guide to Operational Rigour (GTOR), Know Your Customer (KYC), CCI and AML

• Detailed knowledge of the systems used within Business Banking, the range of products and services delivered via the Corporate Relationship Teams & knowledge of business continuity and contingency planning

If you feel that you have the relevant skills and experience to be successful in this exciting, dynamic and fast moving environment, please contact us today for an informal, confidential discussion.

AGENCY.