About the job

Job summary

About the Division

The Analysis Division is part of UKEF’s Risk Management Group (RMG). It manages portfolio risk, assesses country risk, and sets prices to ensure UKEF meets its financial objectives. We work closely with the Risk Assessment Division (RAD), which assesses risks on corporates and other non-sovereign obligors; and the Business Group (BG), which is responsible for underwriting and new product development. We also pool our analytical skills to provide technical, modelling and consultancy support to other teams across UKEF. 

The Analysis Division has three teams: 

• Economics and Country Risk (ECR): utilises economic theory and quantitative techniques to address the department’s strategic priorities; produces assessments of economic and political risk factors related to UKEF’s sovereign business; represents UKEF at external events like at the OECD and Berne Union; and makes recommendations on cover policy and country exposure limits.
• Pricing: ensures that UKEF premia are calculated in accordance with internationally agreed standards and our own financial objectives, and that our approach to pricing is supportive of and responsive to the needs of UK exporters.
• Operational Research and Analysis (ORA): helps teams across UKEF design, plan and implement strategic change, and improve operations and decision-making, using consultancy skills, portfolio risk modelling and technical leadership in data science and AI.   

Job description

About the Role

The post holder will provide timely and accurate pricing, case approval and recording of potential new transactions, from the forecast and initial indication stages to approval of the terms of the commitment to the customer.

Person specification

Main Activities

Case Approval

1. Use pricing models to obtain ad hoc pricing.
2. Input case data into UKEF’s corporate system or pricing models.
3. Liaise with Business Group (BG) and Risk Management Group (RMG) colleagues on case details and collate all information necessary to proceed with pricing and case approval.
4. Identify omissions and errors in pricing requests, obtain correct information and ensure process is adhered to.
5. Ensure all information necessary is provided for the HEO to sign-off case information and further sign-off from the team’s other Delegated Authorities.
6. Issue case clearance confirmation to underwriters.
7. Ongoing monitoring and management of the Case Approval inbox to ensure cases are responded to in a timely manner.
8. Ensure transactions are stored in line with agreed policies
9. Contribute to regular Management Information (MI) reporting tasks.
10. Ensuring that transactions are priced in accordance with the agreed policies

 

 

Project work

• Project work, such as pricing model development, both within the team and with other teams across the Risk Management Group and UKEF.

This list is not exhaustive; the job holder may be required to carry out additional duties according to business need.

The essential criteria is outlined in the person specification within the Information Pack attached below.

Benefits

Alongside your salary of £34,000, UK Export Finance contributes £9,180 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

Things you need to know

Selection process details

This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Ability, Experience and Technical skills.

We are assessing candidates using Success Profiles (see Appendix 1) and across the whole process we will assess your Experience, Ability, Technical aptitude and Behaviours as highlighted below.

You will be invited to complete the online application form.  The application form must be completed by 23.55 on the day of the closing date for it to be accepted.

All applications will be sifted against our minimum selection criteria outlined in the personal specification.  In addition to this, applicants will also be asked to complete an on-line ability test, this must also be completed prior to the deadline for your application.

You will be asked in the relevant sections of the application form to provide examples of evidence against a range of the success profiles (refer to appendix 1).  Where applicants are asked to apply with a personal statement, you should fully articulate in 750 words how you meet the essential criteria outlined in the person specification within the Information Pack

 

For the initial sift, you must complete the following:

1. Civil Service Judgement by 23:55pm on Thursday 11th June 2024.

 

For the sift your application will be evaluated against:

1. Experience
2. Ability
3. Technical
4. Behaviours - 250-word statement on 'Delivering at Pace'

 

In the event of a large number of applications, there may be a pre-sift on the below;

1. Behaviours - 250-word statement on 'Delivering at Pace'

 

If you are successful following the sift stage, you will be invited to complete a technical case study; this will include the following assessment:

1. Technical Case Study (this will be on a topic determined by UKEF).

 

If you are successful following the technical case study, you will be invited to an initial interview; this will include the following assessment:

1. Behaviours/Technical/Experience - a formal panel interview where you will be interviewed across all four behaviours highlighted and your technical ability to successfully carry out the role.
   • Behaviour - Changing and Improving
   • Behaviour - Making Effective Decisions
   • Behaviour - Delivering at Pace
   • Behaviour - Managing a Quality Service
   • Technical - Technical questions relating to the role

Details of interview panel members will be e-mailed to all successful candidates who are invited for interview.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).

See our vetting charter (opens in a new window). People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS) (opens in a new window)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements (opens in a new window)

Working for the Civil Service

The Civil Service Code (opens in a new window) sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles (opens in a new window). The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria. The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.