Vacancies

Credit Analyst

We're looking for a Credit Analyst to support our Structured Finance Credit Team, and wider Structured Finance Team!

As Credit Analyst you will:

• be responsible for onboarding and monitoring the Structured Finance Portfolio by assessing and analysing key financial and credit Information to ensure it is within the Bank's credit appetite
• assess new Structured Finance Credit proposals and make recommendations based on financial and non-financial performance. The job holder will also assess key covenants (concentration, financial & customer loan performance) and make recommendations
• assess and monitor existing Structured Finance customers in-life, including monitoring of the key covenants, financial and non-financial, and overall performance covenants, review trends and be able to make recommendations
• assist UK direct lending, with underwriting broker introduced commercial loan, HP, and lease proposals where required.

For a full job description or to apply, please see below.

Key tasks and responsibilities

• Evaluate a customers credit data and financial statements in order to determine the degree of risk involved in lending to them.
• Preparing reports and assessments based upon the credit worthiness and risk of a counterparty
• Evaluating financial status of customers by producing financial ratios
• To analyse audited accounts, management information, forecast cashflow, budget planners and open banking data.
• Assess loan book trends and make recommendations to improve the credit risks to the Bank based on the Bank’s appetite and underlying strategy.
• Monitor financial and non-financial covenants set for customers and provide information on any non-compliance to the Head of Structured Finance Credit, Head of Structured Finance or Head of Credit and Underwriting
• To review and approve Structured Finance clients onboarding and drawdown requests.
• To build and maintain flexible working relationships with internal and external stakeholders.
• To assess and approve broker introduced credit proposals within your delegated authority and make credit recommendations to the Credit Committee where required.
• Provide recommendations tied to analysis and assessment of credit risk.
• Keep up to date with the Groups lending protocols.
• Reconcile credit files and identify discrepancies and variances.
• Promote the Groups culture and values.
• Develop and prepare spreadsheets and models to support analysis of new and existing customers.
• Understand and comply with internal policies to all credit related policies.
• To adhere to service levels.
• Ad hoc projects.

Principle Accountabilities

• Head of Structured Finance Credit
• Head of Structured Finance
• Head of Credit and Underwriting
• Credit Committee (where required)

Knowledge, Experience and Skills

• Experience in sanctioning credit facilities within banking or asset finance industries.
• Have a finance and accounting degree level qualification or equivalent.
• Ability to undertake detailed analysis of credit applications utilising financial statements, cashflow, credit reference agency searches, searches of company registries etc.
• Understand the relevant UK & IOM Regulatory requirements relating to the provision of credit facilities in these jurisdictions.
• Proven experience working in an analytical / credit role within the financial services industry.
• Understand the relevant UK Regulatory requirements relating to the provision of credit facilities in these jurisdictions including KYC processes.
• Impeccable understanding of financial statements, ratios, and concepts of lending.
• Understanding of the relevant Regulatory requirements relating to the provision of credit facilities.
• Excellent interpersonal and communication skills are essential as this role will involve influencing at all levels.
• Good verbal and numerical skills
• Ability to work under pressure and to tight deadlines.
• Planning and organisational skills.
• Excellent attention to detail and ability to notice discrepancies in data.
• Highly numerate and proficient in MS Office.
• Work produced to high standards
• Professional detailed conscientious approach to work
• Knowledge of Block Discounting, purchase/assignment of receivables and wider Structured Finance products.

Working Relationships

• Head of Structured Finance Credit
• Head of Structured Finance
• Head of Credit and Underwriting
• Structured Finance Team
• Credit Team
• Finance Team
• Compliance Team

Decision Making Authority

As detailed in Personal Underwriting Authority Mandate and in accordance with the Credit Policy

Core Competencies

• Customer Focus - Level 3
• Teamwork - Level 3
• Communication - Level 3
• Adaptability and Learning - Level 3
• Planning and Accountability - Level 3
• Using Technology - Level 3

Compliance Advisor

We're looking for a Compliance Advisor to join our Group Compliance team on the Isle of Man!

As Compliance Advisor you will:

• Provide compliance support for the companies within Manx Financial Group PLC (in line with Key Responsibilities detailed below);
• Fulfil the Isle of Man FSA appointed role of Deputy Money Laundering Reporting Officer “DMLRO” for the Class 1 license holder within the Manx Financial Group;
• Fulfil the Isle of Man FSA appointed role of Money Laundering Reporting Officer “MLRO” for entities registered as Designated Businesses within the Manx Financial Group;
• Actively work to ensure that there are adequate and effective controls in place to mitigate against regulatory, reputational, legal and operational risks;
• Support the Compliance Managers and the Group Head of Risk and Compliance and other Senior Managers in discharging their duties under the Controlled Function and Senior Managers Certification Regimes.

The successful candidate will hold a relevant professional qualification, or have demonstrable relevant industry experience along with detailed working knowledge of FSA and AML rules.

See below for a full job description or to apply.

Key tasks and responsibilities

Regulatory Oversight

• Develop and maintain a working knowledge of all applicable legislation, regulation and applicable codes of practice in the markets in which we operate (excluding company law and employment law);
• Carry out the appointed roles of MLRO (Designated Businesses) and DMLRO (Class 1) as designated under the Isle of Man FSA regulatory appointed position. Discharging formal duties and assisting the MLRO, as required;
• Review and analyse new legislation and regulation, engage with the business in order to assess the impact, plan the implementation of regulatory change and embed within company policies and procedures;
• Identify potential areas of compliance vulnerability and risk - develop/implement corrective action plan for resolution of problematic issues and provide general guidance on how to avoid or deal with similar situation in the future;
• Take ownership for the effective implementation of compliance related policies, including the maintenance of all registers and logs required by the FCA Sourcebook, and FSA Rulebook/Handbook (as applicable);
• Take ownership for allotted compliance monitoring as required, to ensure that controls are adequately designed and operating effectively to maintain compliance with all applicable law and regulation (this includes oversight of Partners compliance and conduct control framework).

Reporting

• Support effective issues management, taking ownership and ensuring issues managed in a timely and effective manner. You will advise and provide effective solutions and when appropriate, escalate. Accurate reporting for open and closed risks;
• Provide management, ARCC and Board with an opinion on the internal regulatory controls within the IoM / UK through regular and appropriate reporting;
• Maintain and analyse key risk data in order to inform and support reporting on internal regulatory controls;
• Manage a register of FSA regulatory returns and notifications, ensuring that submissions are planned and owned within the wider team, and delivered in an accurate and timely manner;
• Manage all ad hoc notification, consent or registration requirements relating to MFG companies registered with the FSA, using specialist external support where appropriate.
• Review and assess internal disclosures and take ownership of externalising disclosure to relevant authority (IoM FIU and/or UK NCA) where appropriate.

Business Support

• Provide ongoing advice and consultancy to the business in support of operating within regulatory guidelines and in ongoing compliance with all applicable laws and rules including Data Protection;
• Provide compliance advice in support of corporate projects;
• Support regulatory visits or enquiries, with completion of preparatory work, engagement with on-site examinations, and follow-up activity;
• Support the delivery of a compliance training programme (to cover general compliance, AML/CFT, financial crime requirements) for both new and existing staff as required. Proactively identify coaching needs and design and deliver training;
• Actively promote risk and compliance awareness within the business and the development of a positive risk and compliance culture, including the provision of regulatory compliance and risk related coaching to the business as required;
• Support the use of the Group Risk Management Framework across the business in accordance with the requirements of each Group subsidiary company;
• Drive own self-development to continue to meet the requirements of the role and the needs of the business.

Complaints

• Oversight of complaints management processes, ensuring compliance with all regulatory guidance;
• Active management of FOS complaints - managing investigation, data collection and response (including those reassigned from Partners);
• Review and interrogation of complaints data including that of our Partners – preparing an analysis report for the Conduct Committee and feeding observations into Partner monitoring.

Principal Accountabilities

• To the Compliance Manager IOM, the Compliance Manager UK and the Head of Risk & Compliance.
• To the IOM Financial Services Authority and the UK Financial Conduct Authority.

Working Relationships

• Part of a Group Risk and Compliance team with access to, and responsibilities towards, both UK and IOM Compliance Managers and Group Risk Advisor;
• Independent and direct access to the Group’s responsible officers;
• Unfettered access to all business lines and support departments, with the authority to examine business processes, documents and speak to any member of staff in order to accomplish stated objectives.

Decision Making Authority

• Empowered to make policy interpretation decisions based on Isle of Man FSA and UK FCA Handbook requirements on a day -to-day basis.
• Empowered to assess events to determine whether a notifiable breach of rules has occurred, and whether notification to the FSA or Information Commissioner is required.

Knowledge, Experience and Skills

• Hold a relevant professional qualification, or have demonstrable relevant industry experience (e.g. Compliance/Risk/Internal Audit/Legal);
• Minimum of 5 GCSEs (or equivalent) at Grade C or above, including Maths and English
• Minimum of 2 years Compliance experience in a similar role;
• Working knowledge of FSA Rules: Financial Services Rule Book;
• Detailed working knowledge of AML rules and associated guidance;
• Systematic approach to work with demonstrable ability to work independently and deliver to deadline, whilst maintaining attention to detail;
• Strong verbal and written communication skills, excelling in a one on one advisory capacity.

Competency Framework

• Planning and Accountability - Level 3
• Adaptability and Learning - Level 3
• Judgement - Level 3
• Communication - Level 2
• Customer Focus - Level 2

Reconciliations Manager

We're recruiting a Reconciliations Manager to join our Group Finance Department.

You will ensure that all critical financial reconciliations within the Group is done in a timely, accurate and in accord with accounting standards. In addition, you will provide assistance to the subsidiaries in regard to management information and analysis.

To excel in this role you will be part qualified accountant, or actively studying towards an accounting qualification, or have previous relevant work experience. You will also be able to work under pressure and meet deadlines, with strong knowledge of ERP systems.

For more information or to apply please see below.

Key tasks and responsibilities

• Overseeing a team, including collaborating with key stakeholders outside of the Finance department, to ensure effective resolution of reconciling items.  This includes: IT and Operations, liaising with third party suppliers and finance teams across the Group.
• Producing balance sheet reconciliations and ensuring unusual discrepancies are resolved in a timely manner or escalated to senior management, as applicable.
• Contributing to and leading the launch of new automated initiatives, including purchase and sales ledger systems, RPAs, data-analysis tools.
• Compiling, maintaining and updating the reconciliation matrix to ensure that all critical reconciliations are identified and performed in the Group.
• Reviewing reconciliations prepared by others, querying the allocation and posting of outstanding and reconciled items.
• Training members within the team, upskilling individuals to develop their reconciliation skills.
• Adhering to the month-end timetable to ensure that reconciliations are completed by.
• Journal posting and month-end reporting activities.
• Ensuring compliance with internal controls and applicable accounting framework.
• Processing and timely release of electronic payments whilst ensuring payment release controls are maintained.
• Participating in adhoc projects as required.
• Maintain awareness and comply with all anti-money laundering legislation, regulations, policies and procedures relevant to the Group.
• Comply with all policies and procedures relevant to the role.

Principle Accountabilities

• Group Financial Controller
• Group Finance Director

Knowledge, Experience and Skills

• Part qualified accountant or actively studying towards an accounting qualification or previous relevant work experience
• Excellent excel and numeracy skills
• Attention to detail
• Excellent communication skills
• Ability to work under pressure and meet deadlines
• Knowledge of ERP systems (preferably SUN and Xero)

Working Relationships

• Managers within the Group.
• External Auditors
• Banking relationships
• Sapphire Systems
• All depts. within the Group

Competency Framework

• Judgement - Level 2
• Communication - Level 3
• Teamwork - Level 3
• Adaptability and Learning - Level 2
• Planning and Accountability - Level 2
• Using Technology - Level 3