Business Manager, Trade

Details
Reference number

438827

Salary

£61,250 - £76,671

This role attracts a market supplement of 15% of the starting salary.

A Civil Service Pension with an employer contribution of 28.97%

GBP

Job grade

Grade 7

Contract type

Permanent

Business area

UKEF - Business Group - Trade Finance

Type of role

Finance

Working pattern

Flexible working, Full-time

Number of jobs available

1

Contents

• Location
• About the job
• Benefits
• Things you need to know
• Apply and further information

Location

Westminster, London

About the job
Job summary

The Trade Finance Division (TFD) sits within the Business Group and is accountable for the delivery of UKEF's short-term business products: Bond Support Scheme, Export Working Capital Scheme, General Export Facility, Export Insurance Policy, and Bond Insurance Policy.

About the Role

This role sits within the Short-Term Business Underwriting Team (STBU). The role is to be part of a growing team of underwriters that takes prime responsibility for the analysis of applications received from Banks, Exporters, and Credit Insurance Brokers where UKEF's guarantee of loans, bonds, and working capital facilities, and trade credit insurance cover are required. As a Business Manager you will take on these applications and see them through the end to end process, liasing with both interna land external stakehoders. These applications will cover a range of Trade Finance and Insurance requirements. The role also plays an important part in liaising with Applicants, Banks, Brokers and Export Finance Managers and, from time to time, meeting with clients. The role will also assist with the structuring and negotiation of facilities and drafting and presenting analyses and recommendations for approval with sanctioning managers and the UKEF Credit Committee. You will report to the Co-Head of Trade and Structured Finance Underwriting, Short Term Business (G6).

Job description

The main responsibilities of the post include:

• Review and lead on enquiries and applications received from exporters, brokers and banks for trade finance guarantees and/or trade credit insurance products. Determine viability and liaise with relevant parties for any absent information.
• Compliance - including the identification of key parties and ultimate beneficial owners in transactions for Financial Crime Compliance screening.
• Analyse applications and write credit submission papers covering all relevant analysis for credit recommendations, and have accountability for taking cases through the entire underwriting, risk approval, compliance, legal and documentation processes.
• Manage case work, ensuring all relevant communications and documents are correctly processed and stored in the relevant UKEF systems and databases.
• Communication – keeping both internal and external stakeholders updated and appraised on case work, this will include collaboration across UKEF and other Government departments.
• Learning and Development – continuously develop knowledge of UKEF's products and policies and internal/external factors that impact UKEF's operating environment. Provide training for other team members and more widely within UKEF.
• Have responsibility for taking the lead on cases driving them through the risk approval and underwriting processes working with other teams in the Department and external advisers, seeking advice from colleagues and external advisers as required.
• Participate in marketing activities as required, including giving presentations at meetings, and developing relationships with the key external stakeholders
  
  Explaining clearly UKEF's products and processes.
• Contribute to policy development and process improvement.
• Supporting UKEF's Financial Institution onboarding area, as and when required.
• Possible Line Management responsibilities.

Person specification
Essential
Qualifications

• Degree Level in a relevant subject such as Finance, or equivalent / related experience. [A]

Knowledge

• Ability to understand and interpret financial statements. [A,I]
• A conceptual understanding of trade finance and insurance products and how they work. [A,I]

Skills / Ability

• Writing Credit papers, including Credit risk analysis. [A, I, P]
• Excellent oral communication skills, including presentation skills, to be credible with senior stakeholders. [I, P]
• Excellent written communication skills i.e. the ability to create good first drafts of documents and presentations for senior managers. [A]
• Analytical ability sufficient to be able to understand complex, financial, legal and policy issues. [A, I]
• Highly organised & methodical approach to managing a workload. [A]
• Ability to work accurately to tight deadlines. [A, I, P]

Experience

• Experience of working in teams and reporting to multiple senior managers. [A]
• Experience of negotiating terms and conditions in documentation. [A, I]

Desirable
Qualifications

• N/A

Knowledge

• A working level understanding of the political, commercial, legal and risk environment that UKEF operates in and, the wider Whitehall and overseas Civil Service. [A, I, P]
• A working level technical knowledge of international financing mechanisms (e.g. international loan agreements) and UKEF products. [A, I, P]

Skills / Ability

• Management skills sufficient to coach and manage junior team members. [A, I, P]
• Able to use MS Office products, in particular Excel, PowerPoint and Word. [A, I, P]

Experience

• Commercial, banking, financial institution experience. [A, I, P]
• Experience of managing a small team. [A, I, P]

Membership of Professional Body

• N/A

Qualifications

Degree Level in a relevant subject such as Finance, or equivalent / related experience.

Behaviours

We'll assess you against these behaviours during the selection process:

• Managing a Quality Service
• Leadership
• Working Together

Technical skills

We'll assess you against these technical skills during the selection process:

• a. Case study / Presentation - this will be a subject/topic agreed by UKEF and provided to relevant candidates.
• b. Technical questions

Benefits

Alongside your salary of £61,250, UK Export Finance contributes £17,744 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides.

• Learning and development tailored to your role
• An environment with flexible working options
• A culture encouraging inclusion and diversity
• A Civil Service pension with an employer contribution of 28.97%

Things you need to know
Selection process details

This vacancy is using Success Profiles , and will assess your Behaviours, Experience and Technical skills.

The application must be completed by 23.55 on the day of the closing date for it to be accepted.

Use of Artificial Intelligence (AI)

Artificial Intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.

All applications will be sifted against our essential criteria outlined in the personal specification.

• Qualification - Degree Level in a relevant subject such as Finance, or equivalent / related experience.
• Statement of suitability - you should fully articulate in 1000 words how you meet the essential and desirable criteria outlined in the person specification within the Information Pack.

For the initial sift your application will be evaluated against:

• Qualification - Degree Level or equivalent / related experience.
• Experience - Application and Statement of Suitability addressing the essential and desirable criteria as listed in the person specification.

In the event of a large response an initial sift will be carried out against the following essential criteria:

• Ability to understand and interpret financial statements
• A conceptual understanding of trade finance and insurance products and how they work

If you are successful following the sift stage, you will be invited to an initial interview; this will include the following assessment:

• Behaviours / Experience - a formal panel interview where you will be interviewed across all three behaviours highlighted in Appendix 1 below.
• Technical - you will be assessed across your technical expertise and acumen, in relation to the essential criteria:
• Case study / Presentation - this will be a subject/topic agreed by UKEF and provided to relevant candidates.
• Technical questions.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a criminal record check.

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check .

See our vetting charter .

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Medical

Successful candidates will be expected to have a medical.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements

Working for the Civil Service

The Civil Service Code sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles .

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

This vacancy is part of the Great Place to Work for Veterans initiative.

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants
Job contact :

• Name : Recruitment Team
• Email :

Recruitment team

• Email :

Further information

Should you have a complaint or wish to raise any concerns regarding the recruitment process, please e-mail your complaint to the Head of Pay and Resourcing (UKEF) at and include "Complaint" in the subject heading. Should you remain dissatisfied following UKEF's investigation then you can refer your complaint to the Commission -

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