Role: Deputy Director Credit Risk & Portfolio Management

Contract Length: 6 months extension tbc

Location: Home / Field based with potential visits to offices in the South West region on ad hoc basis

IR35: In Scope

Pay Rate: Up to £900 per day umbrella rate / Circa £685 PAYE

The successful candidate will be part of the Innovation Finance management team, within the Products and Services function. You will be responsible for representing the activities of the Directorate in policy and funding discussions with internal and external stakeholders, including Government stakeholders and the wider public.

Deputy Director Credit Risk & Portfolio Management - The role:

• Lead a team of credit and investment specialists and debt portfolio management experts to build and manage a portfolio of high risk, SME loans with mezzanine / structured finance features and controls
• Operate a personal delegation for credit, investment and arrears, default and recovery decisions, and any devolved delegation as required
• Support the Heads of Function for Credit and Portfolio, as direct reports, to systematise and codify precedent in client's approach to responsible lending and debt management, working within the spirit of the FCA's Treating Customers Fairly framework
• Act as company's technical expert in credit and portfolio management, as part of the wider risk, assurance and governance architecture of the organisation - and provide similar support to UK Research and Innovation, as required
• Work as part of the senior leadership team of company's Innovation Finance directorate delivering within a product-oriented, customer-insight driven organisation
• Engage across the Products and Services function, as part of the senior management team, and across the 3 Domains and the wider organisation, contributing to the growth and development of the organisation.
• Build effective working relationships with the senior leadership team across the company, UKRI and with our governing Boardand other public stakeholders including the Department for Science, Innovation and Technology, and the British Business Bank
• Provide thought leadership in key public forums and expert representation in key government forums as part of the company's senior management team
• Attend Credit Committee as an executive member, offering professional opinion and insight to reach decisions alongside executive and independent members

Deputy Director Credit Risk & Portfolio Management - Requirements:

• Qualified or demonstrating substantial equivalent experience in SME lending and/or investment decisions, in a fund, banking or alternative finance environment
• Degree qualified or holding a professional qualification in a relevant discipline
• Experience in originating and maintaining a portfolio of SME loan assets as a (stretched-) senior and/or mezzanine/structured finance lender
• Experience in a leadership capacity
• Proven track record in building, maintaining and leading a high performing team across several technical disciplines through consensus-building, empowerment and coaching
• Willingness and ability to flex mindset to deliver a portfolio which delivers on the innovation objectives and economic impact of the programme while achieving an overall balance of risk/reward consistent with the risk appetite established by the organisation
• Experience of working with senior government stakeholders, developing and implementing policy initiatives in the context of Subsidy Control regulation and Managing Public Money contexts
• Experience in launching new financial products in the public/private sectors at scale, analysing and determining customer requirements and developing appropriate risk and finance strategies
• Evidence of having helped UK SMEs grow through new products and/or markets
• Understanding of fair value accounting in the context of IFRS9, including benchmarking of loan assets against industry standard models through the credit cycle
• Experience in working directly with clients, managing expectations and providing constructive feedback on credit decisions

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