Client Auditor

3 months ago


Birmingham, United Kingdom Aimée Willow Connex Full time

Client Auditor Auditor
Birmingham - West Midlands
1. GENERAL
1.1 Place in the organisation
The Client Auditor is positioned in the Asset Valuation & Audit team within the Asset Based Finance (ABF) Risk department and reports to the Head of Asset Valuation & Audit.
1.2 Overview of the department
As a key part of the UK Branch Risk Management structure the primary role of Asset Valuation & Audit is to identify and optimise ABFs asset risks, so as to make an optimal contribution to achieving ABFs strategic objectives with a focus on minimising the risks within the Lease and Commercial Finance portfolio.
Asset Valuation & Audit achieves this by performing on-going monitoring, client audits, asset valuations and surveys on both existing clients and on new business prospects with a view to increasing insight into the potential risks associated with the facilities offered or proposed.
The team is responsible for developing advice and expertise related to assets within the organisation, and providing both clients and ABF with optimum security in relation to their assets and associated facilities. The continuing development of Asset Valuation & Audit ensures maximum gains thanks to strong cooperation with Sales, Marketing, Relationship Management, Credit Management and FR&R. Asset Valuation & Audit has a high level of integration with its peers in the Netherlands and also in France & Germany via an additional matrix approach to cross border-risk type owners.

**Asset Valuation & Audit straddles both**:
i) Commercial Finance - facilities are supported by specialist Client Auditors who report on ABL facilities comprising receivables finance, inventory finance, and other assets (including P&M and property) and can also be further supported by EFG loans; and
ii) Leasing - facilities are primarily based on title to hard assets with specialist advice and support provided by a team of expert Lease Asset Managers.
Audits & Surveys are performed using a Risk Based Approach across a wide range of industry sectors and across all ABF client segments (primarily Medium & Large but occasionally Small and more increasingly the largest International segment), they also include lead and participation arrangements with other syndicated banking partners. As the specialist asset audit function within ABF Client Auditors can be required to audit assets and clients within the Leasing portfolio.
2. DESCRIPTION

**The Client Auditor has the following responsibilities**:
Responsible for performing independent Client Audits of existing clients and new business prospects with a view to increasing insight into the potential risks associated with current or proposed receivables and inventory-based finance facilities and recommending solutions and actions to mitigate identified risks and optimise the balance of ABF risk/reward.
Confirming the value and ongoing integrity of the collateral supporting the ABF facilities. Also endeavour to identify any apparent threats to the continuity of the business.
Acting as an independent check ensuring that the facility is being operated by the Client and managed by Asset & Relationship Management in accordance with the approved facility terms and conditions.
Identifying key areas and recommending appropriate mechanisms and structures to mitigate or reduce risk as appropriate.
Operating as an independent 2nd LOD within a 3 Lines of Defence Model.
Liaising with Asset & Relationship Managers and Business Development teams regarding clients and prospects to communicate issues and potential solutions.
Adhering to a Risk Based culture and promoting flexibility in managing Increased Risk Audits of clients ranging from 2mln to >250mln turnover, as well as being the primary Survey resource for complex and larger prospects.
Monitoring the Commercial Finance portfolio (through, amongst others, the use of Risk Factor) in an autonomous and proactive way and being capable to take all appropriate initiatives towards the management of ABF in order to preserve the interests of ABF with regard to the portfolio.
Building and maintaining relationships with clients, prospects, internal stakeholders and other involved parties.
Requires regular travel within the UK (c25-35% field days), usually regional but occasionally nationwide as required.
Flexibility to occasionally stay away from home.
Ability to work largely independently from a home location in a suitably quiet and secure area when not on client premises.
Developing the teams asset risk expert status both within the UK and internationally across the wider Asset Valuation community within ABF.
The experience and capability of each individual auditor has a direct correlation to the complexity of the facilities and transactions which will be allocated to them, solely, or with team support.

**Quantitative Information**:
Perform Audits on Clients in accordance with a Risk Based Approach to Client Audits in the following segments:

- Medium Business Segment (Small & Medium Clien



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