UKEF is the UK’s export credit agency and founded in 1919 as the world’s first export credit agency, we have been innovative since day one, and now have over 100 years’ track record supporting UK exports. Our mission is to “advance prosperity by ensuring no viable UK export fails for lack of finance and insurance, doing that sustainably and at no net cost to the taxpayer”. To do so we provide loans, guarantees and insurance to help UK companies win overseas sales, fulfil export contracts, and make sure that they get paid. We exist to complement not compete with the private sector, and work with over 100 private credit insurers and lenders. a government department, reporting into the Secretary of State for International Trade and is strategically and operationally aligned with the Department for Business and Trade.

The Division
The principal role of the Department is to support UK companies exporting to foreign markets by providing insurance, loans and guarantees against non-payment or non-performance by UK exporters and overseas buyers. Consequently, the financial success of the Department is crucially dependent upon sound credit risk assessment, particularly given the elevated default risks associated with emerging markets. The Portfolio Management Division (PMD) is responsible for providing credit reviews, for all non-sovereign, existing risks, creating the probability of default (‘PD’) ratings and loss given default (‘LGD’) for each one.

Main Activities

Leadership and Management
• Leading, Managing and motivating 3 teams (total of approx. 18 FTE); including Managers at Grade 6/7 and a deputy at SCS 1 level. • As a member of the teams and committee listed below, the role holder is required to provide strong thought leadership coupled with very significant execution capabilities.

• Liaising with multiple stakeholders – both within UKEF and outside (within the wider government and in the domain of risk experts at other ECAs, Insurers and Banks). This is another core aspect of the role given we need to be at the forefront of Industry best practices. Internally stakeholders would include all directorates & divisions. Importantly, this is also a client facing role which includes our Corporate & Project Financing clients, Financial Institutions and Insurance companies. • Coaching, Mentoring and Leading from the front on the People Agenda. As a voting member on ERiCC, the role would indirectly also be responsible for wider people management of the entire Risk Management team. Provide guidance to all RMG employees, to develop their technical, project management and negotiating skills as well as their wider analytical skill set. Actively contributing to the People Agenda for the Risk Management group.

Post Issue Management
• Manage a wide range of post-issue Risk Management activities once Credit approvals have been obtained. Key activities of the team include: Maintaining a robust system for tracking post- approval conditions, tracking receipt of Financial statements on a periodic basis; Covenant compliance certificates for more structured transactions; analysis of the financial position of the counterparty on an ongoing basis; following up on any breaches in covenants and providing waiver approvals in coordination with Credit approvers; reporting these to management. For Project Finance transactions ensuring all the informational reporting requirements are complied with fully.

Post Issue Credit Risk Management
• On going monitoring of credit and loss given default for our exposures. Reporting deterioration in the credit profile of clients to Credit approvers and Business and pass on ‘risk-ownership’ of the client to the Watch-list and Restructuring credit team in the event there is deterioration of the credit profile of the clients (triggers to Watch are defined by policy). Work closely with the Active Portfolio Management unit on UKEF Reinsurance portfolio and opportunities for such.

Environmental, Social and Governance Risk Development
• This exciting and developing area manages the development of ESG factors in all credit ratings and credit risks. Monitoring industry and ECA developments. Developing and reviewing the most appropriate tools and techniques for UKEF to use in decision making. Managing and developing ESG input into portfolio stress testing.
• Working closely with the UKEF Business Plan and Business teams to review opportunities for UKEF cover. Assisting the teams review of factors at an early stage to ensure we are within appetite. General:
• Contribute to Risk Management Group policies and strategic projects.
• Demonstration of risk expertise and recognition as a subject matter expert both internally and externally via regular invitations to seminars, events and workshops.
• Deputising for the CRO and for other Risk SLT members including but not limited to UKEF senior management meetings; external events and client/industry seminars; cross Whitehall meetings, Business meetings etc.
• Budget authority in line with Business requirements.

This list is not exhaustive, and you may be required to carry out additional duties according to business needs.