Job Title:	Associate Credit Director
Reference:	00029696
Salary:	Competitive Salary & Benefits
Location(s):	London
Industry(s):	Business Services
Advertiser:	Barclays Corporate
Employment Type:	Permanent
Posted:	29-07-2010

Description:

Job Purpose

• Corporate credit sanctioner in Barcorp International businesses focused on managing the largest exposures across the multitude of businesses in Barcorp International.
• A credit professional responsible for credit risk structuring of transactions and sanctioning covering multiple industry/product specialisms. The role holder will have specific responsibilities for the Spain, Portugal, Italy, UAE, Absa, and Mauritius portfolios consisting of larger clients (typically credit exposures in excess of £10m) and/or a mixture of complex products; credits will typically be for sanction at BarCorp International CC and Group Credit Committee level.
• Working in partnership with the various SBU Corporate Credit Directors, providing credit input and expertise to the respective SBUs, delivering a World Class Credit service and ensuring achievement of the teams risk and business objectives.
• Ensuring the optimal quality of the credit portfolio by application of best practice in decision-making, to a maximum personal lending discretion of £100m

Main Accountabilities and approximate time split

Credit Risk Management: c. 60-70%

• Ensure the highest standard of credit quality through the structure, sanctioning, monitoring and control of credit applications and maintenance of these standards both personally and as part of the Barcorp International Credit Team. Delivering professional advice on risk pricing, risk management matters, industry and product specialisms, including International and competitor activity where appropriate and providing innovative risk solutions with the timely involvement of external specialists.
• Implementation of ongoing delivery of credit policy and processes. Feed into business and credit policy development, where appropriate.
• Sole lending discretion; DG linked up to a maximum of £40m (depending on personal experience/accreditation). Presentations to Senior Executives within the cluster, Barcorp International Credit Committee and Group Credit Committee as appropriate.
• Exercise judgment and discretion in the evaluation and approval/decline of credit proposals, which lie outside credit policy as well as those within.
• Responsibility for personal adherence to governance, compliance and lending portfolio controls. Ensuring own conformance to policy and procedures within the Specialist Lending Function, including proactive management of agreed responsibilities for Data Integrity.
• Maintain a close working relationship with Sales Teams and Relationship Directors within SBUs and develop a detailed understanding of their portfolio and risk capabilities to add value, providing pre/post application based coaching and discussion, where appropriate.
• Review overall corporate portfolio's and act as credit risk business partner for nominated SBU(s) and provide challenge/oversight on corporate credit strategy and MTP ambitions.
• Challenge pricing in order to maximise value, and ensure a commercial balance between Risk and Reward.

Business Risk Partnership: c. 10-20%

• Work in partnership with SBU colleagues and proactively anticipate, respond to and seek to exceed the expectations of customers.
• Work with SBU colleagues at a preliminary stage to ensure effective development and delivery of bespoke credit risk solutions for customers as appropriate.
• Drive the development of, and implement industry specific strategies for Sales teams via membership of and contribution to Industry Strategy Boards and interaction with Specialist Lending Team Directors, Sales Team Leaders and Relationship Directors. Support the Team to operate within cost budgets making recommendations for 'working smarter'.

Change Leadership 10-20%

• Act as a catalyst for change in the Barcorp International portfolio's in conjunction with the SBU credit teams. Working to incept change programmes to deliver improvements in systems and processes and deliver a 21^st century corporate credit risk function, that is cost effective, customer centric and meets the businesses growth ambitions
• Proactively contribute to embedding change management initiatives in support of process and quality improvements, cost reductions and development of credit people.

Staff Management: c.10-20%

• Performance management of Corporate Credit Managers.
• Support the Head of Credit in delivering effective performance development for other individuals within the team.
• Drive proactive application of Barclays behaviours both personally and throughout the team and coach and support colleagues within the Team.
• Development of Corporate Credit Managers and other credit risk staff in the overseas sites

Technical Skills/Competencies

Skills:

• Strong intellect balanced by practical and pragmatic approach
• Decisive
• Strong internal and external networking
• Analytical
• Risk Management
• People management and coaching
• Communications (written and oral) and presentations
• Excellent negotiation and influencing
• First class credit assessment, structuring and sanctioning skills

Critical Competencies:

• Commercial/ Entrepreneurial - intermediate;
• Relationship/ Partnership Approach - intermediate;
• Customer/ Market Perspective - intermediate;
• Technical Skills and Knowledge - intermediate;
• Problem Solving/ Decision Making -advanced;
• Quality - High Standards and Controls - advanced.
• Communications and Influence - intermediate;

Developmental Competencies:

• People and Capability - intermediate;
• Orientation to Learn - intermediate;
• Drive for Results - intermediate.

Knowledge and Expertise

Knowledge:

• Excellent technical credit skills, including Structured Project Finance in emerging markets
• Excellent business awareness and specific industry / International Risk awareness
• Detailed knowledge of risk management policy, procedures & pricing
• Working knowledge of Group policies, pricing and strategies relative to the credit function
• Working knowledge of Syndications and Debt Capital Markets
• Country / Sovereign Risk
• Detailed credit related product knowledge for SBUs in scope
• Working knowledge of International SBUs structures and strategies
• Working knowledge of the social, economic and political environment within relevant countries
• High level of understanding of the macroeconomic factors affecting own customer base and the geographic issues relating to individual sectors / areas of specialism.

Experience:

• Proven track record in the successful delivery of credit risk management
• Exercising judgement and discretion for larger credit exposures
• Managing risk and reward
• Experience of International economic cycles
• Experience of International and emerging markets corporate credit

Qualifications:

• ACIB/equivalent business experience/other appropriate qualification

Graduate /MBA preferred

Key Issues over the next 12-24 months

• Creation of a PC&I corporate credit function in the centre
• Development of PC&I Credit Committee and Group sanctioning processes/procedures and relevant governance
• Building a true pan -geographic corporate credit team drawing on the skills/experience within the businesses
• Defining and incepting a corporate credit change agenda

Additional Comments:

• Typically a high proportion of advances will not meet all aspects of Industry Risk Policies and the role holder will be required to exercise significant personal discretion and expertise in structuring and sanctioning this exposure in a competitive market environment.
• The ACCD will have direct influence upon credit quality, return, consumption of economic capital, Weighted Risk Assets (WRAs), operational risk and portfolio concentration/shape. Failure to have these areas maintained at world-class levels would significantly impact Bank profitability and brand.
• ACCD credit and business experience is vital in the origination of quality new business. This not only minimises potential loss through counterparty failure, but adds value to customer relationships by enhancing bespoke transactions (e.g. Project or Trade - related deals).
• ACCs impact is high in the identification and management of impaired debt. Early identification of problem cases, and close working with the Head of Recoveries and Discontinued Businesses, to minimise potential credit losses to the Bank. Is essential
• ACCDs value rests in combining at a most senior level a detailed understanding of individual customers requests, industry portfolios, external economic conditions and their drivers together with specialist product portfolios; plus knowledge of particular countries, regions or Sovereign/Country risk matters
• Overseas travel will be required

SKILLS:

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BENEFITS:

ABOUT THE COMPANY: