About the job

Job summary

About the Division

The principal role of the Department is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers. To perform its statutory function, UKEF must assume significant credit risks on behalf of UK exporters. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment.

Job description

We are now recruiting for multiple Senior Credit Risk Analysts to join our Risk Management Group, with roles available in the following sub-teams:

• Credit Risk Management - Post-Issue
• Aero & Financial Institutions Risk
• Corporate Risk

Senior Credit Risk Analyst - Credit Risk Management - Post-Issue

This Senior Credit Risk Analyst role will operate in the Credit Risk Management – Post Issue team, working for the Head of Credit Risk Management – Post issue (G6). The focus of the team will be the ongoing risk monitoring of large corporate and aerospace deals. SEOs are expected to support high quality credit risk assessments for existing exposures, but this may also include new business. They produce reasoned and evidence based written arguments to justify their proposed credit ratings (Probability of Default and Loss Given Default) and must be able to robustly defend their analysis in discussions within the division, with Business Group and at Enterprise Risk and Credit Committee (ERiCC), with the support of both the Grade 7 Principal Credit Risk Analyst and the Grade 6 Team Head if necessary.

They are responsible for managing the case work assigned to them and for maintaining professional relationships within Risk Management Group (RMG) and relevant stakeholders, keeping them informed of progress and issues on case work.

Senior Credit Risk Analyst – Aero & Financial Institutions Risk

This role is in the aero and FI credit risk team, but Senior Credit Risk Analysts (“SEOs”) are expected to be able to work across different areas. SEOs develop high quality credit risk assessments of proposed transactions. They produce reasoned and evidence-based written arguments to justify their proposed credit rating and loss given default and must be able to defend their analysis in discussions within the division and at the Enterprise Risk and Credit Committee (“ERiCC”), with the support of sector heads if necessary. They review and advise on the assessments of HEO Credit Risk Analysts.

SEOs are responsible for managing the casework assigned to them and for maintaining professional relationships within the Risk Management Group (“RMG”), underwriting colleagues and associated stakeholders (e.g. ESG & Climate Change team) and keeping them informed of progress and issues on casework.

Senior Credit Risk Analyst – Corporate Risk

This role is in the large corporates credit risk team, but Senior Credit Risk Analysts (“SEOs”) are expected to be able to work across different areas. SEOs develop high quality credit risk assessments of proposed transactions. They produce reasoned and evidence-based written arguments to justify their proposed credit rating and loss given default and must be able to defend their analysis in discussions within the division and at the Enterprise Risk and Credit Committee (“ERiCC”), with the support of sector heads if necessary. They review and advise on the assessments of HEO Credit Risk Analysts.

SEOs are responsible for managing the casework assigned to them and for maintaining professional relationships within the Risk Management Group (“RMG”), underwriting colleagues and associated stakeholders (e.g. ESG & Climate Change team) and keeping them informed of progress and issues on casework.

Person specification

The successful candidate may deliver some or all of the following activities:

1. Production of high-quality credit analysis (including credit ratings and LGD assessments) with a focus on large corporates or financial institutions including banks & non-bank lenders, insurers (including life insurers) & reinsurers (including syndicates operating in the Lloyd’s market), asset managers, airlines, and aircraft operating lessors. Coordination of inputs from multiple teams into credit papers as necessary.
2. Assessment of environmental, social and governance risks and climate change risks affecting these corporate transactions and ensuring these are identified in rating reviews.
3. Attendance at external due diligence and negotiation meetings representing Credit Risk.
4. Ensuring proposed business is within UKEF risk appetite and advising on acceptable exposure levels.
5. Developing subject matter competence on the team’s various sectors and industries.
6. Liaising with exporters, foreign buyers, banks, technical experts, advisers and other stakeholders including leading meetings, usually with senior management to understand the business and transaction structure.
7. Interrogation and analysis of corporates, airlines, operating lessors and financial institutions’ cash flow models.
8. Critical review of external reports (technical, market, insurance etc).
9. Active contribution to the ongoing development of UKEF credit risk policies, procedures & frameworks including updates to existing policies and continuous improvement of internal process efficiency.
10. Training and up-skilling other analysts (and non-analysts) as required to increase credit risk knowledge across RMG and wider-UKEF.
11. Provide credit risk analysis approval for non-binding indications of support.
12. Presentation of analysis and recommendation for approval to risk colleagues and ERiCC.
13. Where appropriate, day to day management and development of junior staff and secondees within the division.

This list is not exhaustive; you may be required to carry out additional duties according to business needs.

The essential criteria can be found within the person specification within the Information Pack attached below. 

Benefits

Alongside your salary of £43,890, UK Export Finance contributes £11,850 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. 

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 sift your application will be evaluated against:

1. Experience
2. Ability
3. Technical

In the event of large number of applications, you will be a pre-sift where you will be assessed on the following essential criteria's:

• Demonstrable track record in credit risk from a bank, financial institution, operating lessor, rating agency, export credit agency or other relevant experience. (A)
• Strong written, analytical and verbal communication skills, which must include the ability to convey complex information clearly with confidence and credibility. (A)

If you are successful following the sift stage, 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 three behaviours below and your technical ability to successfully carry out the role.
2. Technical - a short presentation (this will be on a topic determined by UKEF and will need to be prepared in advance).

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.