Credit Risk Analyst

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, particularly given the elevated default risks associated with emerging markets and SMEs. The Risk Assessment Division (RAD) is responsible for providing probability of default (PD) ratings and loss given default (LGD) assessments on all non-sovereign risks assumed by the Department.
RAD’s case work is split currently into three teams: Corporate & Strategic Sectors (incl. SME & Trade Finance; Project Finance; and Aerospace & Financial Institutions (Banks, Insurance & NBFIs).
This Job Description is applicable to the Credit Risk Analyst roles within the Aerospace & FI, and the Corporate & Strategic Sectors credit risk teams.
About the Role
Credit Risk Analysts (HEOs) are expected to work across these different areas, working for the sector heads responsible for each, with support from Senior Credit Risk Analysts (SEOs). HEOs develop high-quality credit risk assessments of proposed transactions and existing exposures. They produce reasoned and evidence based written arguments to justify their proposed credit ratings (including PD and LGD) and must be able to defend their analysis in discussions within the Division and at the Enterprise Risk & Credit Committee (ERiCC), with the support of the sector heads and SEOs.
HEOs are responsible for managing the case work assigned to them and for maintaining professional relationships within Risk Management Group (RMG), underwriting colleagues and associated colleagues (e.g. LD, ESG & Climate Change, PPD) keeping them informed of progress and issues on case work., + Production of high-quality credit analysis (including credit ratings and LGD assessments) with a focus on corporates including UK SMEs, 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.
+ Assessment of environmental, social and governance risks and climate change risks affecting these transactions and ensuring these are identified in the credit analysis and/or rating reviews.
+ Attendance as required at external due diligence and negotiation meetings representing Credit Risk.
+ Ensuring proposed business is within UKEF risk appetite and advising on acceptable exposure levels.
+ Developing subject matter competence on the teams’ various sectors and industries.
+ Accompanying more senior analysts or other UKEF colleagues and contributing to meetings with exporters, foreign buyers, banks and other stakeholders to understand the business and transaction structure.
+ Provide support in the ongoing development of UKEF policies, procedures and frameworks applicable to RAD and RMG, and continuous improvement of internal process efficiency.
+ Training and up skilling analysts (and non-analysts) as required.
+ With support from more senior analysts, presentation of analysis and recommendation for approval to risk colleagues and ERiCC.
This list is not exhaustive, and you may be required to carry out additional duties according to business needs., If you are successful following the sift stages, you will be invited to an initial interview; this will include the following assessment:
1. Behaviours and Experience - a formal panel interview where you will be interviewed across all three behaviours highlighted.
o Managing a Quality Service
o Delivering at Pace
o Working Together
1. Technical
o Technical questions at interview.
o In-Tray Case Study Exercise to be presented to panel at interview.
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.

Diversity and Inclusion
The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).

+ GCSE Maths and English equivalent or above, or good numeracy and written skills (A), + Proficiency in Microsoft Office (A,I,T)
+ Knowledge of latest developments in applicable industries and sectors (A,I,T)
+ Knowledge of how corporations and banks operate (A,I), + Strong analytical ability (A,I,T)
+ Highly numerate with the ability to make use of complex data to reach justifiable judgements (A,I,T)
+ Ability to work autonomously in a responsible manner seeking advice when appropriate (A,I)
+ Strong written and verbal communication skills, which must include the ability to convey complex information clearly with confidence and credibility (A,I,T)
+ Maintain effective professional relationships with colleagues, particularly where interaction is integral to the work of the division (A,I)
+ Proven planning and organisation skills to manage multiple competing requirements, prioritise work and meet demanding deadlines with minimal supervision (A,I), + Demonstrable experience of credit risk analysis within a bank, other financial institution, or Export Credit Agency (A,I,T)
+ Liaising with the management teams (e.g. CEO, CFO level) of the entities being assessed when there are queries about the company or its accounts (A,I), + Practical experience in a financial/credit risk function within a bank, financial institution, operating lessor, rating agency or export credit agency., + Institute of Export (graduate member), Chartered Institute of Banking (associate member or above) or similar, • GCSE Maths and English equivalent or above, or good numeracy and written skills, + Managing a Quality Service
+ Delivering at Pace
+ Working Together

Technical skills
We'll assess you against these technical skills during the selection process:
+ • Technical questions at interview.
+ • In-Tray Case Study Exercise to be presented to panel at interview., + Highly numerate with the ability to make use of complex data to reach justifiable judgements (A,I,T)
+ Demonstrable experience of credit risk analysis within a bank, other financial institution, or Export Credit Agency (A,I,T)

Alongside your salary of £39,035, UK Export Finance contributes £11,308 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.
+ Learning and development tailored to your role
+ An environment with flexible working options
+ A culture encouraging inclusion and diversity
+ A Civil Service pension with an employer contribution of 28.97%