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Senior Credit Portfolio Manager
Location: St Peter Port, Guernsey
 


Role
To assist the Head of Credit, the Team Manager of Credit Analysts and the wider Global Financial Institutions (“GFI”) credit team on credit related issues to ensure i) a quality service is provided to any of Northern Trust’s clients requiring credit facilities; ii) procedures are adhered to and developed (where necessary) to ensure the risks associated with the provision of credit facilities are minimised to reduce the possibility of losses being incurred; and iii) help to develop Northern Trust’s lending book by the addition of high quality, profitable, low risk “on” and “off” balance sheet credit facilities.

 

Responsibilities
• Maintain the provision of Credit Services to existing business and continue to assist in attracting low risk business.
• Control and reduce risk/exposure.
• Prepare, review and record: New credit applications, Credit renewals, and Ad-hoc short term credit requests
• In conjunction with internal and/or external legal as appropriate, prepare, review and record credit and security documentation ensuring that it reflects the client’s requirements, the terms of approval as well as adhering to current procedures, laws and regulations.
• Ensure that all administrative tasks in relation to the above are completed.
• Ensure that all credit related fees are collected and that correct debit interest rates are being charged.
• Development of Processes\ Systems and review of existing processes to see if we are operating most effectively. 
• Monitoring Risk/Exposure: Continuance and upgrading of procedures and controls and Ensure losses are not incurred as a result of security breaches
• Maintaining awareness of collateral levels and terms and conditions for all credit facilities, and reporting any breaches to senior officials.
• Regular review of facilities including documentation and security/ security margins.
• Maintaining an awareness of current market conditions and the potential impact on our credit exposures.
• Preparation, recording and maintenance of accurate data to assist with the production of the various Management Reports.
• Act as an internal and external “A” signatory (Class 2).
• Fulfil additional, relevant, tasks appropriate to the role and business requirements.
• Knowledge sharing within the Guernsey & GFI Credit Teams and other areas within the Northern Trust Group – create and maintain good working relationship with Relationship Managers and clients
• Maintain good working relationship with credit colleagues to ensure a high standard of work, that targets are met and procedures adhered to

Requirements
• The ideal candidate will have credit or  custody related experience, with a broad awareness of market, operational and credit risks.
• Demonstrate technical ability - including understanding of all types of borrower, borrower structures, asset classes and derivatives.
• Ability to learn the banks policy, procedures and guidelines on the provision of credit services
• Strong knowledge of lending principles and procedures, with experience of working to regulatory risk constraints
• The successful candidate will need to work accurately and efficiently, show good attention to detail and have a flexibility and willingness to complete certain client requests within tight deadlines
• Display characteristics needs to build good communication with colleagues and clients and an ability to teach and pass on knowledge and skills
• High level computer literacy is also required
 

About Northern Trust

For more than a century, Northern Trust has worked hard building our legacy of outstanding service, expertise and integrity. From a Chicago-based bank founded in 1889, we now have more than 20 international locations and 18,500 employees globally. We serve the world’s most-sophisticated clients – from sovereign wealth funds and the wealthiest individuals and families, to the most-successful hedge funds and corporate brands.

 

We burnished our reputation as a global leader delivering innovative investment management, asset and fund administration, fiduciary and banking solutions enabled by sophisticated, leading technology. And through it all, we continually laid a solid, forward-looking foundation on which future generations can continue growing and achieving greater.

Northern Trust proudly cultivates a diverse workforce, to serve our diverse client base. We strongly believe that diversity of experience contributes to a broader collective perspective that will consistently lead to a better company. We encourage applications from the best regardless of ethnicity, gender, gender identity, age, nationality, disability, sexual orientation, education, socio-economic background, parental and caring status, or religion.

 

As of September 30, 2018, Northern Trust Corporation had:


$10.8 trillion in assets under custody/administration
$8.2 trillion in assets under custody
$1.2 trillion in assets under management
$132 billion in banking assets




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Reasonable Accommodation
Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please email our HR Service Center or call 1-800-807-0302 (North America), +630-276-5353 (Asia Pacific), +44(0)207 982 4357 (Europe, Middle East and Africa) and let us know the nature of your request and your contact information.

Equal Employment Opportunity Statements
  • APAC EEO Statement
    • APAC EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • Canada EEO Statement
    • Canada EEO STATEMENT

      Northern Trust is an Equal Opportunity Employer. Hiring and other employment decisions at Northern Trust are made without regard to race, colour, religion, sex, ancestry, national origin, ethnic origin, age, disability, citizenship, veteran status, sexual orientation, record of offences, marital status, family status, or any other characteristic protected by federal, provincial, or local law, regulation, or ordinance.

  • EMEA EEO Statement
    • EMEA EEO STATEMENT

      It is the policy and practice of Northern Trust to provide equal employment opportunities to all employees and applicants. Northern Trust does not discriminate on the basis of race, colour, religion or belief, nationality, ethnic or national origin, sex, marital status, sexual orientation, disability or age. All employment decisions will be made in a non-discriminatory manner in accordance with our obligations under the law and codes of practice. This includes human resources’ decisions relating to recruitment, terms and conditions of employment, transfers, promotions and access to learning and development.

  • USA EEO Statement
    • USA EEO STATEMENT

      It is the policy of The Northern Trust Company to afford equal opportunity in all phases of employment without regard to an individual's age, race, color, religion, creed, gender, national origin, citizenship status, marital status, pregnancy, sexual orientation, gender identity, gender expression, genetic tests and information, physical or mental disability, protected veteran status or any other legally protected status. EEO poster (U.S.)EEO is Law Poster Supplement