OVERALL SUMMARYAt Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box.
We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.Join Close Brothers Central Credit, Asset Finance & Leasing Team where you will be responsible for underwriting deals in line with the business' credit risk appetite and policy.
In addition, the role will provide credit recommendations to more senior underwriters / committees and assist the business in structuring deals to mitigate key risks arising.The role could include line management responsibility of up to 4 team members.The role sits within the second line of defence and reports to the Asset and Leasing Head of Underwriting.The role will have a significant delegated credit authority and may require MRT / Certified Person status.The role can be based in either Manchester or Wimbledon.RESPONSIBILITIESGeneralMaintain a strong understanding of CBAFL's business model and how a deal should be structured, adhering to bank and CBAFL policy, procedures, and risk appetiteUnderwrite for CBAFL and other divisions as part of the shared services model within delegated credit authority and to agreed SLA.
Decisions should be clearly and concisely articulated with clarity on conditions.Provide credit recommendations to more senior underwriters / committees, attending committees to provide input where required.Support Quality Assurance process of wider underwriting team, providing constructive feedback / action plans to improve overall quality of underwriting.Business engagementEncourage an open culture with regular two-way communication with the business and Central credit team.Act as an underwriting subject matter expert.
Provide guidance to the business on credit policy, appetite, and application writing.Risk & ComplianceEnsure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards requiredDeveloping Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching.
You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE/ARE:Proven track record of commercial underwriting new business in a financial environmentDemonstrable understanding of asset finance including risks associated with products e.g.
Finance lease, Operating lease, Receivables funding and Sale & HP backSound appreciation of security/legal/documentation risksAbility to interpret complex financial statements, with a clear understanding of cash flow cycle and balance sheet strengthA good appreciation of risks surrounding types of assets funded, ability to realise assets and market valuesUnderstanding of Macro Economic ClimateAbility to engage with internal and external customers and build good working relationshipsAbility to work under time pressureIT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU HAVE/ARE:Degree educated or equivalent industry qualificationsWe are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone.
We will make adjustments for people who have a disability or long-term condition.
If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at or request a call back.ABOUT USFor roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.
At Close Brothers we provide financial support and advice to small businesses and individuals in the UK.
Our purpose is to help the people and businesses of Britain thrive over the long term.