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Purpose & Key accountabilities
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Responsibility of the function according to TCR documents of FO
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- Responsible for manual credit decisions within given competencies and as such is accountable for the quality of the manual credit decision according to credit guidelines
- Responsible for adhering to & applying all UK compliance policies and external regulatory requirements
- Supports the development and implementation of the operational lending strategy for UK.
- Assists with the manual credit decision process and communicating effectively to internal & external stakeholders.
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Key authorities this role holds:
- Approves credit exposures within own approval authority in SME/consumer leasing finance.
- Advises the SME Credit Manager on all credit, AML, & Fraud issues.
- Liaises with local departments & external stakeholders to ensure transparency and accuracy of financial risk management & operational AML & fraud compliance
- Contributes to new projects to improve credit, AML & Fraud processes.
- Escalates credit, AML, & fraud proposals and decisions outside of personal mandate to the relevant escalation point.
- Adheres to local lending processes in alignment with the local and global credit guidelines
- Adheres to local regulatory processes for anti-money laundering and fraud activities.
- Approves changes in credit terms within granted competence levels.
- Escalates confirmed PEPs and sanctions cases to the MLRO
Key tasks for this role:
- Supports the SME Credit Manager in driving local Credit, AML & fraud team competencies through changes to processes, coaching junior members of the department for better performance, and for improving the overall quality of the final service.
- Analyzes all factors which are material for assessing the credit, AML & fraud risk, taking particular account of the debt-servicing capacity of the borrower in line with CONC guidelines and latest European anti-Money laundering directives
- Proactively drives productivity through process optimization and automation
- Adapts finance and credit tools and processes to changing environment and ensures optimal service delivery to the local market.
- Delivers support & coaching to local external stakeholders on AL-UK SME credit requirements
- Enacts and ensures compliance with relevant credit and regulatory guidelines including fraud & anti-money laundering activities.
- Provides up-to-date credit information to Compliance to ensure positioning of the business in a complex and changing regulatory environment.
- Provides up-to-date management information to Compliance for all on-going anti-money laundering and fraud related activities.
- Responsible for ensuring the approved Partners retain the necessary FCA & ICO permissions.
- Responsible for monitoring the anti-money laundering activity on the customer portfolio.
The customer is at the heart of the business and the fair treatment of customers is a core requirement for each role and for all Associates. Fair outcomes for customers is cultural within the business and is supported by all Associates being part of the Customer Experience and Prime Initiative.
Key responsibility that each Associate ensures that they are aware of and maintain on an ongoing basis a working knowledge of the regulations and business obligations that affect their role.
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Impact on innovations and changes
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- Implement business process and service level improvement initiatives to ensure effective service delivery within the Credit Management function.
- Ensuring lending processes always meet the regulatory requirements.
- Supporting change management within Credit Management to create efficiency across the business.
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Purpose and subject of the interaction/communication with internal/external interfaces, negotiating mandate
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- Credit decisions to the relevant Front Office (both internal/external).
- External providers of IT systems that are used during the credit application process.
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Educational Background / Professional Knowledge and Experience / Other Skills
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Education
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Preferably a degree level or equivalent qualification.
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Work experience, Leadership experience
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- Relative experience in the leasing/automotive and/or financial services industry.
- Relative knowledge of the regulatory frameworks for lending.
- Relative experience within a financial services or credit function preferable.
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