Director, Real Estate Portfolio Management

Oaknorth.ai ,
London, Greater London
More Details

Overview

Job Description

OakNorth is the next-generation credit and monitoring platform that provides banks and lending institutions with the insight and foresight needed to create a better borrowing experience for the Missing Middle - the growth business who are the backbones of communities and economies globally but who have been in banking's blind spot for decades. The business was founded in 2015 by Rishi Khosla and Joel Perlman, who previously co-founded Copal Amba and grew it to 3,000 employees over 12 years, before selling it to Moody's (NYSE: MCO) in 2014, returning 125 times capital to seed investors. Since its inception, OakNorth has secured over $1bn from several investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank's Vision Fund. The Platform has been deployed at various banks across North America, Europe, and Asia, and in the UK where OakNorth lends off of its own balance sheet via OakNorth Bank. The platform has helped OakNorth Bank become the fastest-growing business in Europe according to the Financial Times FT 1000 (2020), profitably lending over 4bn to date. In terms of the impact this has had on the economy, OakNorth Bank's loans have directly helped with the creation of 13,000 new homes and 17,000 new jobs in the UK, as well as adding several billion pounds to the economy. With offices in London, New York, Manchester, Singapore, Hong Kong, Shanghai, Istanbul, Gurgaon and Bangalore, the global team across the OakNorth Holdings group is over 800 people. OakNorth is a UK bank focused on providing fast, flexible and accessible debt finance for entrepreneurs and mid-sized growth businesses. Reporting to the Senior Director, Portfolio Management, you will assist in monitoring and managing the bank's entire drawn real estate loan book which includes complex investment and development loans as well as customers showing signs of financial distress. Key responsibilities: * Work closely and provide guidance and leadership to the Credit Monitoring Teams based in India * Stepping in and resolving problems identified by the Bank's credit and development monitoring team * Provide focus to underperforming customers and customers showing signs of financial distress * Lead complex negotiations and restructurings including undertaking detailed financial analysis and lead junior staff on the same * Provide support and guidance to the Senior Director and Head of Credit in developing risk management systems and internal control processes to support further growth of the loan book * Apply perfect risk management ensuring loan risk classifications are kept fully up to date * Identify economic, political and market events which may have an impact on the portfolio and make risk management recommendations * Lead initiatives to improve the Bank's client relationship strategies and risk management framework so we can continue to grow the book in a safe and sustainable way * Work collaboratively with a team of analysts to achieve the above Key requirements: * Work to ensure the early identification of problem credits and delivery of effective remediation strategies * Restructure problem loans to achieve a satisfactory credit risk position. Exit loans without impairment where this is not possible * Undertake monitoring and stress testing on individual and groups of loans * Ensure credit risk and portfolio monitoring policies and procedures are effectively complied with * Assess the credit risks of new business initiatives, provide guidance and propose solutions in relation to OakNorth products, operations and services * Build relationships with key stakeholders (both internal and external), provide advice, support and solutions on a broad range of credit risk issues * Assist in any other ad-hoc projects as required Key skill sets: * Able to function independently and jointly as a member of a team * Negotiating with and influencing senior stakeholders in borrower companies, with their shareholders and internally * Thorough working knowledge of commercial credit appraisal techniques and the ability to apply the same commercially in 'real world' scenarios * Thorough working knowledge of restructuring and insolvency techniques * Extensive lending experience including high levels of proficiency in the analysis of financial accounts, dealing with complex lending and security documentation, inc. LMA, and creating and reviewing detailed financial models * Extensive restructuring experience and the ability to run several cases at once * Excellent verbal and written communication skills including credit report writing * Excellent analytical skills with attention to detail, including strong ability to analyse, document, and simplify and effectively deal with complex technical business matters and processes Thank you very much for your interest in OakNorth. We are happy to consider you for roles within our group of companies. If we can identify a match between your skill set and our immediate re

People also viewed