Credit: currently 786 jobs.The latest job was posted on 20 Aug 18.
The focus of all credit jobs is to limit the risk of losing the principal if a borrower defaults on a loan.
From the more junior credit risk analyst through to the more senior associates and VPs, the duty of every member of the credit department is to balance the exposure on any financial position with a view to reducing risk and maximizing return.
Credit jobs are usually associated with corporate banking, but there are also job opportunities in credit within private equity firms and other financial institutions in the UK’s major financial centres such as London, Edinburgh and Glasgow.
While some institutions recognise the seniority of credit jobs in the job description itself, such as Senior Credit Analyst or Vice President Risk. In other firms, credit professionals are known by their function, such as Credit Risk Managers and Credit Analysts. eFinancialCareers covers all types of credit jobs, giving you the opportunity to find the exact role for you.
The Focus of Jobs in Credit
In every institution, the role of the credit department is to review any credit applications referred to them either internally or from partner firms, and find ways to minimise the risk.
In some institutions individual credit jobs are specific, focusing on a single issue or element of the credit assessment such as due diligence or reviewing financial records.
In others, the remit of each role is broader with each individual focusing on a specific sector, taking an active role in the full credit procedure.
Extensive liaison with lending and relationship management teams are key for the successful credit professional, with a keen eye on legislation and compliance essential.
Once the credit product has been structured and sanctioned, it is also the responsibility of the credit professional to implement the appropriate monitoring facilities to ensure early detection of default.
It is a balance between doing the business by making the loan and protecting the bank, and when that balance can be struck effectively, the opportunities for recognition are significant.