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Credit Risk Manager - FInTAG
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At UK Government Investments (UKGI), we provide the government with expertise in corporate finance and governance. What we do is unique. We are responsible for ensuring the effective governance of government owned companies (such as the British Business Bank), advising the government on corporate finance issues (including interventions into distressed corporate structures, such as Thomas Cook and British Steel) and all significant UK government asset sales (for example, the sale of the Green Investment Bank, the securitisation of the Student Loan book and the IPO of the Royal Mail). The work we do is significant in terms of social, economic and political impact.
Wholly owned by HM Treasury (HMT), UKGI has a team comprised of c.150 experts, drawn from the private sector (from banks, accountancy and legal firms) and from the Civil Service to ensure we provide government departments with high quality advice that is delivered and acted upon in the best way possible.
Working for UKGI provides a unique opportunity for talented individuals from both the public and private sector to contribute to work of national importance.
Join a team that’s supporting the government’s growth strategy
As part of government’s efforts to use financial transactions and contingent liabilities (including loans, equity investments and guarantees) to promote growth and investment, UKGI is working with departments to provide actionable advice in support of their policy aims.
Following the October 2024 Budget, UKGI’s Financial Instruments and Transaction Advisory Group (FInTAG) has been asked by His Majesty’s Treasury to research and produce an annual report of all financial assets owned by the government to understand their true value, which will be used to help shape all future fiscal and financial planning that will define how government delivers on its priorities. This is a large expansion to our remit resulting in new opportunities for motivated individuals to join us and have a real impact on growth projects across the country such as affordable homes, national infrastructure projects and energy security.
We bring together a mix of corporate finance, data, credit risk and actuarial skills to support government in creating value for society from its complex commercial interests. If you have these skills and would be interested in a career move where you can make a real difference, then we may be the team for you.
The role
We are looking to hire a Credit Risk Manager for the Credit Risk branch of the FInTAG, which is focused on analysing the credit risk associated with financial guarantees and financial instruments provided by the government to the private sector. You will also have the chance to support workstreams across the three FInTAG branches (Credit, Insurance and Portfolio Analysis & Engagement), with a key focus on providing analytical input for our annual reports and occasionally helping to assess single name counterparty risk. The role will involve working closely with the head of the Credit Risk branch and other team members across a number of work streams.
Responsibilities:
• Be a point of support for the wider team, including senior management, across FInTAG.
• Provide analysis of the credit risk associated with proposed contingent liabilities, loans, and equity investments to support better structuring, decision making and reporting across government.
• Provide analysis on the financial risks (including assisting with estimates of expected losses) associated with contingent liabilities, loans, and equity investments across government to support better decision making by HMT, departments and arm’s length bodies.
• As part of the annual report on the government’s financial investments (loan and equity investments) support the wider team on assessing the valuation of these financial investments.
• Support senior FInTAG team members in drafting documents that support the development of best practice methods across government.
• Support the senior FInTAG team members in providing guidance to HMT and departments on ways to manage the financial risks from contingent liabilities, loans, and equity investments more efficiently.
• Assisting in developing and executing robust governance and risk frameworks.
• Assisting in the development of the FInTAG’s processes and analytical systems.
Experience
• Solid experience in a financial institution; rating agency, advisory firm, or within the public sector.
• Credit risk management of financial instruments like loans, bonds, equity investments, or financial guarantees across a range of sectors.
• Able to effectively analyse and communicate complex subjects clearly to audiences with a range of technical abilities, helping to solve problems and collaborate effectively both internally and externally.
• Be an excellent team player, collaborating both internally and externally when required.
• Solid analytical capability and numerical skills, good understanding of financial and/or risk modelling.
• Experience in working in an environment where uncertainties exist around datasets would be desirable.
• A willingness to learn new methods and undertake available training to improve your skillset.
• An advantage (but not essential) would be basic experience in quantitative risk management, credit ratings, assessing expected loss (PD/LGD/EAD analysis), or pricing of financial instruments.
• An advantage (but not essential) would be knowledge of the housing sector in general and financing structures in particular.
Diversity Statement
UKGI has a strong commitment to equality and diversity. Our aim is to be an open and inclusive organisation, recruiting and retaining diverse, talented and high-performing people who support and develop one another.
UKGI is a Disability Confident Employer. This means we’ve been recognised as an employer which is confident and leading the way in recruiting and retaining staff with disabilities. We will offer an interview to any applicants with a disability who have indicated they wish to take part in the disability confident scheme, provided they meet the essential criteria for the post set out in the person specification. If you need any reasonable adjustments to take part in the selection process, please tell us about this in your application.
UKGI is also part of the ‘Great Place to Work for Veterans’ initiative. This means that as part of our commitment to diversity and equality in our recruitment and retention policy, we will offer an interview to any eligible applicants from His Majesty’s Armed Forces provided they meet the essential criteria for the post set out in the person specification. Please indicate on your application that you wish for your application to be considered as part of this initiative.
In line with company policy, we will be employing a hybrid working model based, with 40% of your time being home-based. At UKGI we place a high degree of value on work life balance and as such applications from individuals seeking flexible working, reduced hours contracts and job shares are also actively encouraged.
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