This role sits within the Premium Finance Credit Risk as part of the wider Bank Underwriting Shared Service team and is led by the Bank Head of Underwriting. The Bank Head of Underwriting is the key risk owner of credit risk across the Bank with responsibility for maintaining credit risk in line with stated appetite.

This role reports to the Premium Head of Underwriting. It is responsible for underwriting of larger deals across the Premium Finance business. The role has a key focus on continual process improvement in order to maintain and improve speed of service. The role is responsible for leading and managing the Large deals credit team and has a delegated authority of £700k.

Key Responsibilities:

General

Leads and manages the Large Deals Premium credit team providing the underwriting service with a constant focus on speed of service.
Works with Premium Business to help identify key risks within a deal and structure accordingly to mitigate the risks.
Ensures an effective quality assurance process is in place with constructive feedback and action plans to resolve identified issues.
Drives continues improvement activity challenging processes and procedures to ensure optimal efficiency and effectiveness.
Deputises for the Premium Head of Underwriting as required.

Business engagement

Builds effective relationships with the Sales teams through continuous two-way communication.
Maintains regular engagement with the Premium Risk Director and shares best practices within the Premium Risk team.
Provides guidance to businesses on Premium credit policy and credit risk appetite.
Proactively participate in the Premium and wider Bank Credit Community.

People management

Recruits, trains and employs high calibre employees within budget.
Coaches, mentors and develops staff, including overseeing new employee onboarding and supporting career development and sharing new opportunities with direct reports.
Provides oversight and direction to direct reports in accordance with the firm’s policies, procedures, standards and SLAs
Hold regular one-to -ones with direct reports ensuring that feedback is provided in a constructive way whilst working with the employee to facilitate personal development.
Completes fair performance reviews in line with department guidelines, including setting objectives, personal development planning and performance standards with all direct reports.
Together with the Premium Head of Underwriting and HR Business Partner, develops a culture of performance management, improvement and appraisal as a foundation for excellent organisational performance.
Manages HR issues including monitoring absenteeism, and managing any capability and disciplinary issues.
Monitors employees’ completion of online training and keeps direct reports abreast of relevant internal communications.