LoD Risk and Underwriting - Director

Job Title:

Director, 1

LoD (First Line of Defence) Risk and Underwriting - Wealth Management and Business Lending

Location:

London, United Kingdom

Within the Private Bank, Wealth Management and Business Lending (WM&BL) is the Lending product centre of excellence offering bespoke lending solutions to HNW/UHNW (High Net Worth/Ultra High Net Worth) clients globally. The division comprises 200+ specialist lenders, offering solutions secured against liquid assets (Lombard Lending), Real Estate, Art, Aircraft, Alternatives, unlisted shares and other personal assets. Wealth Management and Business Lending forms a key part of the wider PB Lending pillar of the Bank.

Critical to the success of the Lending business is the robust management of credit risks in the First Line of Defence – ensuring the execution of high quality and franchise accretive client loan transactions with an optimised risk / reward balance and best in class monitoring processes.

As the Director - 1

LoD Risk and Underwriting you will, working in close co-operation with the front-line structurers and the Credit Risk Management (CRO) control function, support the devising, implementation and maintenance of Risk Appetite, underwriting and process settings in support of the division’s Chief Operating Officer (COO) and ultimately the Head of PB (Private Bank) Lending. The role will include line management responsibilities.

• A healthy, engaged and well-supported workforce are better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its centre.
• Hybrid Working - we understand that employee expectations and preferences are changing. We have implemented a model that enables eligible employees to work remotely for a part of their working time and reach a working pattern that works for them
• Competitive salary and non-contributory pension
• 30 days’ holiday plus bank holidays, with the option to purchase additional days
• Life Assurance and Private Healthcare for you and your family
• A range of flexible benefits including Retail Discounts, a Bike4
  
  Work scheme and Gym benefits
• The opportunity to support a wide ranging CSR programme + 2 days’ volunteering leave per year

• Spearhead the continuous improvement of Lending management of credit risk relevant activities, ensuring best in class underwriting and back book risk management. In tandem with the Senior Product SMEs, drive the build-out of rigorous, consistent and harmonised underwriting processes through development of training, tools, processes and templates (and associated quality assurance processes).
• Support the development of a Business-Delegated Credit Authorities framework (and governance / administration thereof) for selected products.
• Oversee the continued build-out and management of the Global Portfolio Management team to support credit hygiene and the production of actionable risk management insights.
• Spearhead credit risk / underwriting - relevant audit remediation and support regulatory dialogue
• Act as the governance lead for Collateral and Credit Policy adherence in line with bank policies.
• Act as a first port of call for any additional risk-related topics that may arise from time to time.

• Strong industry experience in a global bank; degree qualified or equivalent
• Strong experience in, and understanding of, Credit Risk Management in a Wholesale and/or Wealth Management Lending organization, preferably in a regulated banking environment.
• Strong commercial acumen, with a proven track record in leading projects, balancing client/commercial dynamics, and robust…