Manager - Post Issue Management (PIM), Watchlist, Short Term Business

+ The Manager, PIM, Watchlist Management, Short Term Business will line manage an Executive Officer.
+ The PIM team is responsible for managing UKEF’s short-term transactions which are handed over to the team from the portal and underwriters.
+ The post holder is required to deal with various external stakeholders such as borrowers, exporters, agents, and financial institutions.
+ The role requires consulting with internal stakeholders such as the underwriters, Risk Assessment Division, Policy, and Product Division and Claims team.
+ Administrative duties include overseeing the compiling of all internal reporting for the portfolio.
+ The successful candidate may also have to assist with the audit function for banks and financial and non-financial Institutions signed up to UKEF’s short term schemes.
+ We would expect the successful candidate to operate in a flexible, agile way in line with the Department’s overall ambition of delivering a high-quality service to its customers and stakeholders.
Main Activities
The main responsibilities of the post include:
Management:
+ The job holder will line manage an Executive Officer.
+ Job holder will provide support and guidance to the team member and will interact with them through weekly team meetings, and one to ones.
+ The job holder may be also responsible for assisting with job hires into the team, ensuring that the recruitment is in line with the Civil Service Code of Conduct.
Main Activities:
+ Leading and owning (with support from the head of Post Issue Management) all watchlist activities for Short Term Business before cases require handing over to Risk colleagues for remedial or loss-minimising credit decisions.
+ Active interaction with the banks on transactions where the Probability of Default (PD) is deteriorating and as soon as UKEF is informed by the bank that the company concerned has become an “Affected Person” (PD is above 14.1%).
+ Regular communication with banks regarding any “Affected Persons”, ensuring the latest and most accurate information is received by UKEF.
+ Becoming the first point of communication for banks on companies in the Short-Term Business portfolio as the PD deteriorates.
+ Compiling a list of “amber” and “red” watchlist companies in the Short-Term portfolio on a weekly basis to reflect companies that have deteriorated beyond 14.1% PD (amber) and those that require that a credit decision be taken (red).
+ Understanding and sharing this list - with appropriate detail and observations on each case - with management and with select senior management, weekly.
+ Chairing a fortnightly meeting between Short Term Post Issue Management and Portfolio Management Division to discuss “amber” cases and handover “red” cases where credit decisions are requested of, and/or needed to be made, by UKEF.
+ End to end understanding of a bank’s management and plan for the entity, continual engagement on the topic.
+ Good grasp of the credit implications of the situation of the business and ability to communicate those implications to management and senior management.
+ Continuous liaising with Portfolio Management and Trade Finance underwriting and management; proactively managing informing colleagues of relevant changes to a company’s risk profile, observed in reports or through interaction with bank partners.
+ Supporting the UKEF’s audit programme of visiting Financial and non-financial institutions that are signed up to UKEF’s short term schemes.
+ Contributing to and in some cases leading projects relating to the ongoing improvements to Post-Issue management of short-term schemes.
+ Contributing to broader policy development and process improvement.
This list is not exhaustive; you may be required to carry out additional duties according to business need., All applications will be sifted against our essential criteria outlined in the personal specification.
+ Statement of suitability - you should fully articulate in 500 words how you meet the essential criteria outlined in the person specification within the Information Pack.
+ Technical question.
For the initial sift your application will be evaluated against:
1. Experience - Application and Statement of Suitability
2. Technical question - What is your knowledge of a Watchlist process, and what are the greatest challenges with respect to managing a Watchlist?
In the event of a large response an initial sift will be taken against the following essential criteria:
+ An understanding of Trade Finance products and how they work.
+ Experience of working in teams and reporting to multiple senior managers.
If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:
1. Behaviours / Experience - a formal panel interview where you will be interviewed across all three behaviours highlighted (appendix 1).
2. Technical - Presentation
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).

UK Export Finance is looking for motivated individuals with a desire to learn about the business. Successful candidates will be provided not only with functional training to enable them to do well in their role, but also with personal development to help them to achieve their career ambitions. Please note that the person specification below outlines at which stage(s) you will be assessed on how you meet the criteria for the role(s) including:-, + 5 GCSE passes (including Maths and English) at Grade 4 (C) or above; or equivalent or relevant demonstrable experience. [A]
Knowledge
+ An understanding of trade finance and insurance products and how they work. [A, I]
+ Knowledge of stakeholder environment and potential challenges, including reputational and public relations risks. [A, I]
+ Ability to understand and interpret financial statements. [A, I], + Excellent oral communication skills, including presentation skills, to be credible with senior stakeholders. [I, P]
+ Excellent written communication skills i.e., the ability to create good first drafts of documents and presentations for senior managers. [A, P]
+ Analytical ability sufficient to be able to understand complex, financial, legal and policy issues. [A, I]
+ Highly organised & methodical approach to managing a workload. [A]
+ Ability to work accurately to tight deadlines. [A]
+ Ability to create, use and analyse Excel spreadsheets. [A, I], + Experience of working in teams and reporting to multiple senior managers. [A]
+ Experience of negotiating terms and conditions in documentation. [A, I], + Diploma in International Trade via the Institute of Export. [A], + Experience of coaching or managing a small team. [A], + Seeing the Big Picture
+ Delivering at Pace
+ Leadership

Technical skills
We'll assess you against these technical skills during the selection process:
+ Technical question - What is your knowledge of a Watchlist process, and what are the greatest challenges with respect to managing a Watchlist?
+ Presentation
We only ask for evidence of these technical skills on your application form:
+ Technical question - What is your knowledge of a Watchlist process, and what are the greatest challenges with respect to managing a Watchlist?

The Trade Finance Division (TFD) sits within the Business Group and is accountable for the development and delivery of UKEF’s short-term business products: Bond Support Scheme, Export Working Capital Scheme, General Export Facility, Export Insurance Policy, and Bond Insurance Policy.

Alongside your salary of £46,085, UK Export Finance contributes £13,350 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%