Debut Trainee - Credit Analyst

London, United Kingdom
24 May 2022
01 Jun 2022
Job Function
Credit Analysis
Industry Sector
Finance - General
Employment Type
Full Time
Description of the Business Line or Department

The FIG team within GLBA/CRE is the team responsible for all aspects of FI credit analysis in respect of GLBA PCRU clients. The London team prepares credit applications on behalf of the primary client relationship unit ("PCRU"), seeking internal approval for the Bank's exposure to EMEA FIs (excluding French counterparties, hedge funds and central clearing counterparties).

The team's role is wide in scope - counterparties analysed include regulated and unregulated funds, pension funds, private equity funds, banks, broker/dealers, insurance and reinsurance groups, and other non-bank financial institutions.

The main objectives of the team are to provide consistent, unbiased and independent analysis of the EMEA FI portfolio with the aim of:
  1. Freeing up the PCRUs in order to increase the marketing effort;
  2. Achieving a consistently high standard of credit files;
  3. Ensuring that counterparty ratings are reviewed so as to maintain Basel III consistency;
  4. Advising on acceptable structures for new facilities; and
  5. Ensuring all reviews and renewals are undertaken by their due dates.

In addition, the team provides a service to certain business lines that require credit approvals/opinions on specific EMEA FI risks for non-GLBA clients.

Summary of the key purposes of the role
  • Writing credit applications and monitoring total group exposures;
  • Preparing and submitting internal rating proposals;
  • Participation in structuring of transactions to accommodate the requirements of both the bank and its clients
  • On-going monitoring of a portfolio consisting of funds and asset manager clients throughout the EMEA region (ex-France);
  • Managing the credit process, including obtaining credit approval within deadlines;
  • Reporting into the UK Head of CRE - Financial Institutions; and
  • Provision of support to the UK Head of CRE - Financial Institutions in respect to ad hoc projects and wider team support covering holiday absence and peaks in workflow.

Summary of responsibilities
  • Annual Reviews / flow business
    • Preparation of counterparty credit analysis to include (but not limited to) industry dynamics, business profile, management strategy, financial position and projections, including non-standard situations e.g. weak borrower or security structure, new client, highly structured facility;
    • Responsibility for ensuring that all annual reviews within assigned portfolio are completed on time (exceptions to be agreed with Head of Team and subject to good justification);
    • Responsibility for flow business in respect to assigned portfolio, proactively managing workload to ensure all reasonable deadlines are met;
    • Review of credit applications received from overseas branches and subsidiaries seeking approval for exposure to local subsidiaries of clients of the EMEA FI PCRUs;

  • Internal Credit Ratings
    • Proposal of FI Counterparty Credit Ratings in respect to assigned portfolio;
    • Ensure the integrity and accuracy of ratings and that all ratings within assigned portfolio remain valid within permitted tolerances (currently 98% based on exposures); and
    • Ratings proactively managed to reflect changes to the credit standing of the client group / counterparty and to ensure consistency of ratings across subsidiaries of each group.

  • Facility structuring and documentation
    • Liaising with the relevant business line or coverage team & Group Legal in connection with the preparation of ISDA and other documentation.

  • Credit Administration
    • Obtaining all necessary approvals in accordance with SGCIB credit policies and delegations;
    • Administration of the credit process and follow up of conditions (if any) of sanction;
    • Updating of various credit and internal rating systems; and
    • Updating details of group exposures and monitoring exposure concentration.

  • Reporting and Management Information
    • Attend monthly team meetings;
    • Immediately notify and keep management updated on any large, contentious, difficult or high-profile requests;
    • Immediately notifying Head of Team of any operational incidents; and
    • Completing Management Information as may be required from time to time.

  • Operational and Conduct Risk & Regulatory Responsibilities
    • Be prepared to speak up where there are weaknesses in processes or procedures;
    • Ensure compliance with policies, procedures within the business line (including clear desk policy); and
    • Completion of all regulatory training within deadlines.

  • Fluency in English language
  • Strong written and oral communication skills
  • Basic analytical (numerate) and preferably credit skills
  • Ability to quickly grasp and work with and the Bank's systems and IT tools
  • Basic understanding of banking products and terminology
  • Team player
  • Interpersonal skills possessing the ability to present files in a coherent and rational manner with Managers and RISQ
  • Autonomous and self starter
  • Self motivated and able to work under pressure
  • Flexible and adaptable in the approach to work

Similar jobs

Similar jobs

  • You need to sign in to save