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Assistant Manager - Credit Analysis

Salary 13- 14 LPA

  • Chennai
  • 12 May 2017

Consultant apply@elementsmanpower.com

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The Company is a British multinational banking and financial services company headquartered in London. It is a universal bank with operations in retail, wholesale and investment banking, as well as wealth management, mortgage lending and credit cards. It has operations in over 50 countries and territories and has around 48 million customers.

It is organised into four core businesses: Personal & Corporate (Personal Banking, Corporate Banking, Wealth & Investment Management), its card, Investment Banking and Africa.

 

About Lending Operations is part of Corporate Banking Operations and is made up of; Fulfilment, Collateral Management, Debt Service and Monitoring & Control and Credit Analysis, Account Servicing, Lending Resolution and Strategy & Operational Readiness.


Credit analysis write credit reports for clients’ new and renewed financing needs and report on any material factors to Risk Sanction Units.


The team provide credit analysis service support to Front Line Origination with handoff to the Bank’s Risk Sanction Units (RSU) (Second Line of Defence) to risk assess and approve credit facilities for the client for all LC and SME clients with turnover greater than £5m requiring risk limits.


The responsibility of the team is for the writing of credit reports focussed on the analysis of the clients’ business, incorporating the financial and structural risks inherent in providing a range of financing and settlement products and the ongoing analysis of business performance of our corporate banking client base across all industry sectors.

The service provision is performed on behalf of the Front Line for review and approval by RSUs in the following circumstances:

 
• New funding requests for existing and new clients

• Refinancing requests for existing clients

• Annual reviews for existing clients

• On-going analysis of client performance and reporting on any material factors to Risk Sanction Units

Overall purpose of role

  • A member of Corporate banking team responsible for supporting nominated RDs who are developing and maintaining relationships with a portfolio of Large/Mid Corporate customers.
  • Provide high-quality financial analysis support to RDs, acting as an interface with other areas of Corporate and undertaking the monitoring of customers financials.
  • Analytical Specialist dealing with a range of financial information for a number of corporate clients which may span across various industries.
  • Responsible for reviewing and agreeing the Monitoring and Control elements of complex Facility Letter documentation.
  • Working in partnership with the Credit Writing and Post Sanction Case managers, Coverage team, servicing team and other specialists to ensure that we provide a joined up service to our customers at all times.

Main Duties and Responsibilities

  • Own the day-to-day credit relationship for a nominated portfolio of customers;
  • Use Zeus to analyse historic and projected financial information to identify key issues and monitor compliance with covenants and terms prior to discussing with Relationship Director.
  • Create Zeus credit applications on behalf of RDs (applying judgmental input) and collate paper attachments
  • Responsible for collating and managing customer produced financial information and input on Zeus or co-ordinate input by audited accounts team
  • Populate Zeus with annual reports & supplementary credit information for target accounts. Use expertise and judgement to make recommendations to the RD regarding credit issues for these customers .
  • Use knowledge of risk procedures and complex security to make recommendations to RD on protecting the Group from losses and managing high value facility risk
  • Take ownership of urgent credit related matters such as dealing with court orders and Companies House notifications
  • Provide technical input and undertake research for Relationship Director in connection with proposed security and liaise with BLSC to arrange preparation and execution of security documentation.
  • Provide technical input to RD re proposed business opportunities and available security
  • Co-ordinate the transfer of accounts to the Debt Recovery Unit (DRU) and assist the RD/Business Support team and others with the recovery procedures for non-DRU accounts;
  • Instruct the PSF team to make all the limit/security/facility structure/other changes approved by sanction team and ensure that the information submitted to PSF team is complete in all aspects as per Risk approvals.
  • Champion topics in your team to assist with learning and development of your fellow colleagues.
  • Responsible for handling post-sanction related activities (like LOC submission / DI case) for self and /or entire team.
  • Contribute to environment of mutual support by sharing knowledge with other team members, mentor new joiners and junior colleagues in the team.
  • Undertake and adhere to all compliance regulations applicable to your role

 

Stakeholder Management and Leadership

  • To actively coordinate with the coverage team (RD/RSM)  on routine basis to ensure timely completion of credit reports and other activities.
  • Co-ordinate the interface with Risk for the nominated portfolio of customers.
  • Act as liaison for risk management information purposes with RSMs, accountants, solicitors and other relevant people.
  • Act as liaison for risk management information purposes with RSMs, accountants, solicitors and other relevant people.
  • Occasional customer interaction to discuss lending proposals in detail, making recommendations as appropriate.

 

Decision-making and Problem Solving

  • The role requires a high level of analytical and problem solving skills. Candidate should have analytical bend of mind and good understanding of financial statements. He/she should also be well versed with the corporate banking products and should be aware of the latest updates in the industry.

 

Risk and Control Objective

  • All company colleagues have to ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal  Policies and Policy Standards of the company.

Requirements

  • CA or CFA or FRM or MBA (any discipline)
  • Prior experience in corporate credit analysis in a global bank of at least 2-3 years.
  • Strong financial statements analysis skills
  • Knowledge of UK GAAP and IFRS
  • Strong ability to analyse management information, unaudited and audited accounts
  • Knowledge of corporate banking products and exposure to core banking systems/applications
  • A good knowledge of Risk management (account opening, health and safety, fraud prevention, money laundering)
  • Awareness of legislation affecting the Bank and customers (including the Data Protection Act, Companies Act, Insolvency Act, Financial Services Act, Money Laundering and confidentiality regulations, Sarbanes Oxley and Basel).
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Get in Touch

  • 101 & 101 A, 1st floor, D-Mall, Netaji Subhash Place, Pitampura, Delhi-34
  • 011- 41036660, 47075709
  • info@elementsmanpower.com