Senior Manager Transaction Management

Senior Manager Transaction Management

Location: London / Hybrid Working

(Expectation that you will attend an office 3 days per week)

Contract: Permanent

Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)

Salary: £75,000 - £85,000 Depending on Experience

Please note that any same band and job family internal moves will not present any pay increase

Click here for a complete list of benefits

• 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
• 15% employer pension contribution
• Flexible working
• Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
• Paid voluntary days, maternity, paternity, adoption, and shared parental leave
• Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and plenty more

The British Business Bank (BBB) is the UK government's development bank dedicated to making finance markets work better for smaller businesses. The Banking Products team of the BBB originates, structures and manages cash and risk transfer transactions of SME finance portfolios. The team executes transactions with SME lenders such as banks and non-bank financial institutions and seeks to address funding, security and capital constraints these entities may face that prevent them from increasing their credit activity in the small business sector. Within the Banking Products team, the Cash Securitisation & Analytics team focuses on cash transactions and manages the ENABLE Funding programmes.

The purpose of the role is to manage funding transactions for the ENABLE Funding and Community ENABLE Funding programmes, as well as being a key point of contact for a variety of internal and external stakeholders. This includes assessing and managing risks, monitoring the portfolio, and engaging with internal and external stakeholders to ensure smooth transaction handovers and ongoing in-life transaction management.

The role also involves mentoring junior colleagues and working independently on standard matters, while escalating complex or sensitive issues to product leads.

Key responsibilities of the role:

• Manage in-life transactions, including amendments, waivers, and extensions.
• Handle queries related to existing transactions (e.g. repurchases, eligibility).
• Liaise with delivery partners on drawdown forecasts and transaction events.
• Ensure accurate and timely reporting from transaction service providers and delivery partners.
• Analyse investor and transaction reports and reconcile data tapes.
• Produce internal management information (MI) and performance insights.
• Support governance reporting and IFRS 9 accuracy.
• Provide budget and business planning updates for transactions

To be considered for the role you will have extensive experience in securitisation or similar capital markets transaction structuring or management. You will have a solid understanding of relevant regulatory frameworks and be proficient in Microsoft Excel, Word, and PowerPoint. A thorough understanding of various securitisation and guarantee techniques, including their structures and operational aspects, is also essential.

An interest in the SME finance marketplace is beneficial, along with the ability to mentor and support junior team members. It is also desirable to have a good understanding of governance structures within financial services institutions.

Click here to view the full job description

The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.

Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.

With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.

As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).

At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.

As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.