Overall Job Purpose
· To act as the key credit partner to the UK Corporate Coverage business.
· The primary role of the Credit Analyst is to produce and present high-quality analysis and recommendations on a portfolio of corporate clients. This is done within the context of managing existing relationships (i.e. annual reviews and ongoing monitoring) as well as working on new requests (i.e. new banking facilities or amendments to existing facilities).
· The key goal of the Credit Analyst team is to ensure that the bank is able to develop client relationships whilst managing credit risk and meeting regulatory requirements. They do this by working closely with various stakeholders, notably the Relationship Managers (“RMs”) and the Risk function of the bank.
· The Credit Analysts add value through producing high-quality recommendations, managing the credit process and its stakeholders, sharing knowledge across the bank (e.g. sector knowledge) and by identifying opportunities and threats (e.g. early warning signs).
· The client base includes UK corporates and UK subsidiaries of overseas corporates, and ranges in size from small-caps to FTSE 100.
· The Credit Analysts are each responsible for an allocated portfolio of existing clients and prospect clients, and work together with the respective RMs for these. Where possible, the Credit Analysts are allocated specific sectors to focus on, and they are expected to develop an in-depth knowledge of these.
Provide a critical contribution to facilitate well-informed decisions in credit committees:
· Collect and analyse client information in order to properly present and mitigate risks (annual reports, web site info, broker notes, rating agency analysis, sector research, due diligence with RM etc).
· Deliver counterparty, transaction and credit risk analysis. This includes analysis of the business, sector, peer analysis as well as the financial risk profile (financial statement analysis, developing financial forecasts where appropriate). The analysis should include an objective recommendation on the counterparty rating and recovery rate, in line with the bank's rating methodology.
· Produce high-quality, objective, concise credit proposals that are compliant with the bank's guidelines, enabling credit committee to take an informed decision.
Bring added-value to the business:
· Deliver timely high-quality credit proposals that lay the ground for an efficient discussion in credit committee. The Credit Analyst is responsible for routing requests to the appropriate decision-makers. In the credit committee, the Credit Analyst presents jointly with the RM.
· From the credit analysis, derive intelligence helping to identify client solutions / business opportunities.
Contribute to strong risk monitoring:
· The Credit Analyst has joint responsibility with the RM to monitor exposures for early warning signals (including covenant monitoring) and to keep up to date with developments that could materially impact credit quality, strategy and financing opportunities.
· Disseminate the appropriate updates on clients and, in case of material changes that could impact the client's risk profile, alert all the main stakeholders.
Share information and develop intelligence, notably sector knowledge:
· Efficiently disseminate sector knowledge to relevant teams.
· Actively participate in the credit risk community across the bank.
· The Credit Analyst should participate in the continuous improvement of the credit process by proposing solutions or areas for improvement when necessary.