Credit Officer - FI Insurance

What you’ll be doing

We are currently seeking a dynamic and enthusiastic individual to join our Insurance team as a Credit Officer. This role involves conducting comprehensive credit analysis and making well-informed recommendations on lending, trading limits, and internal ratings for our Insurance client base.

FI Credit is an exciting place to work. We are curious and friendly. We challenge existing ways of working and seek ways to simplify and automate, so we can focus on what matters. We collaborate closely with Coverage and Product teams and view ourselves as business enablers.

We are passionate about risk management and dedicated to supporting our business partners in building sustainable and long-lasting client relationships.

As a Credit Officer in FI Credit - Insurance, you'll have a primary focus in the Insurance sector (Brokers, Life insurance, Non-life insurance, Lloyd's of London).

Your responsibilities will include independent credit analysis, recommendations on lending, trading limits and internal ratings, alongside ongoing portfolio management and risk oversight across the Insurance sector.

The person in this role will be encouraged to develop towards exercising delegated credit authority, making independent credit decisions within the relevant approval mandate.

Here's where you’ll make a difference:

• Lead a portfolio of Insurance clients, incorporating forward-looking assessment of sector, market and idiosyncratic risks into credit decisions, portfolio monitoring and stakeholder discussions.

• Proactively contribute to sector strategy and appetite, credit policies and processes for your own and the wider sector portfolio.

• Build positive relationships to become a trusted business partner for our well-regarded Coverage and Product colleagues and help drive collegiate working across FI Credit.

• Take ownership of data integrity and champion simplification initiatives.

• Build and maintain a strong understanding of both market and counterparty risk dynamics associated with traded products, including derivatives and securities financing transactions, and their impact on credit exposure.

• Monitor portfolio risks, concentrations and emerging sector developments, calling out material risks and recommending appropriate risk mitigation actions where required.

• Support the development of junior team members and contribute to maintaining consistent underwriting standards and risk rigor across the team.

Why join us?

We’re on an exciting journey to transform our Group and the way we’re shaping finance for good. We’re focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.

What we’re looking for?

• Strong understanding of Insurance business models, regulatory environment, capital frameworks and key risk drivers.

• Robust understanding of financial and non-financial analysis of Insurance firms.

• Formal Credit and Insurance sector training preferred.

• Excellent credit writing skills, with the ability to present complex risks and recommendations in a clear and concise manner.

• Strong understanding of traded products, their market risk calculations, the variable dynamics impacting exposure, associated documentation and appropriate exposure mitigation.

• Sound understanding of banking products extended to insurance firms and their credit risk assessment.

• Self-motivation with a strong willingness to learn. Able to quickly up-skill in relation to new products, sectors and changes in the external environment.

• Effective oral communications skills, with the ability to present complexity in an understandable way.

• Degree in Finance, Economics, Mathematics, Accounting or a related discipline; profession