Gracechurch Street
Development Finance
Permanent

About the Role

 

Brief description

Key role within the Paragon Development Finance (“PDF”) Credit and Operations team, supporting the Credit and Operations Director and Credit team in Credit Control and Due Diligence in a rapidly expanding part of the Paragon Bank Business and taking a lead in assisting PDF become compliant with the PRA IRB requirements.  Looking for an individual with strong front-line credit experience in residential development finance and exposure to IRB implementation.

Purpose of the role

  • Taking a lead in the IRB compliance project, coordinating between the Group IRB project team and undertaking all key IRB tasks, including the IRB Self Assessments and User Test Experience
  • Making Credit decisions on Facility proposals as a member of the PDF Credit Committee
  • Ensuring that due diligence has been carried out fully and correctly on new Facilities and on monthly draw downs
  • Monitoring the performance of facilities on an ongoing basis
  • Ensuring PDF is meeting statutory and regulatory compliance requirements
  • Ensuring that the PDF risk controls are sufficient and are being operated properly
Duties and responsibilities
 
  • Sit on the IRB Project team and manage and undertake all IRB related tasks coordinating with the wider PDF team and ensuring that the relevant procedures and controls are in place and that all the relevant documentation is in place
  • Sit on PDF Credit Committee, ensure that the credit approval process runs smoothly and ensure accurate minutes produced in a timely fashion
  • Check accuracy of Facility Letters to ensure that they reflect the terms sanctioned
  • Perform due diligence on credit approved loans prior to draw down and on those loan amendments with a due diligence requirement
  • Signing off on monthly build draw down requests and reviewing the Project Monitoring Surveyors reports
  • Taking part in Loan Review meetings and auditing content to ensure accurate and appropriate
  • Participate in monthly Credit Risk meetings
  • Maintain the Professional panel and Broker list
  • Review KYC compliance checks to ensure in line with PDF policies
  • Working with Compliance, Financial Crime, Operational Risk, DPO, Property and other departments to ensure that we comply with all relevant Paragon Bank and other regulations
  • Review and audit of operational controls
  • Assist in developing and maintaining the operational and credit procedures documentationSit on the IRB Project team and manage and undertake all IRB related tasks coordinating with the wider PDF team and ensuring that the relevant procedures and controls are in place and that all the relevant documentation is in place.

About You

Skills

  • Strong analytical and verbal reasoning skills
  • Familiar with Banking, GDPR and AML regulations and in particular the PRA IRB requirements
  • Microsoft word and excel
Qualifications and experience
  • Strong background in Credit
  • Experience of Residential Development Finance
  • Experience of implementing the IRB approach

Working hours

37.5 hours per week, Monday to Friday, 8.30am to 5.00pm (one hour for lunch).

Training

Relevant training will be provided.

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