Shawbrook
Director, Development and Construction Risk
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Company Description
Shawbrook provides finance to a wide range of customer segments that value the premium experience, flexibility and certainly we deliver. We are a purpose-led organisation, with a focus on delivering long-term sustainable value for all our stakeholders.
We have a diversified offering, with our innovative lending propositions tailored to meet specific customer needs in carefully selected markets across SME, Real Estate and Personal. Our products range from complex structured credit facilities for growth-focused businesses to mortgages for professional landlords and property investors, as well as simple loans for consumers delivered digitally. We fuel our lending through customer deposits, which we attract by delivering a premium experience, choice and consistently great value to smart savers.
The business model we have created is unique and difficult to replicate, with our ‘best of both’ approach combining deep human expertise with advanced digital, tech and data capabilities. This combination not only allows us to deliver excellent customer experiences, but to do so efficiently and at scale. We are proud of our innovative and agile culture, which drives consistently high employee engagement scores and makes Shawbrook an attractive destination for the best talent. If you’re willing to roll up your sleeves, contribute new ideas and believe anything is possible, you’re our kind of person.
Work with us because you:
- Want to be part of a bank built for the dynamics of the modern world
- Relish a challenge and enjoy a fast-paced, innovative and hardworking culture
- Enjoy finding new and better ways to solve complexity and make things happen
- Want to belong to a diverse culture that stands shoulder to shoulder with minority and underrepresented groups
- Care about society and the environment and want to be part of a business that cares too
- Want to continue to grow professionally and be the best version of yourself
Job Description
Development Finance is a key part of Structured Lending division and the principal objective of the role is to provide in-house construction technical expertise to the Development Finance portfolio, and other areas of the Bank, to assist with effective risk management. This role will be reporting to and working closely with the Director of Development and Construction Risk. This role will focus on assisting with the following.
Whilst the main part of the role will be to deal with Shawbrook’s direct development finance deals the intention is to also provide oversight of those Borrowers in other areas of the Bank who are involved in Development finance, Real Estate and Construction.
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The role will include site visits throughout the UK including London, the South East, Midlands, the North, the South West and Scotland.
Key Responsibilities
- Working closely with the Development Finance Origination team (particularly on larger and more complex transactions) close involvement in the early stages of the transaction identifying potential issues ahead of credit approval.
- For existing transactions which are experiencing delays or requiring extension, close interaction with the Portfolio management team and appropriate challenge of the IMS / QS where necessary – in particular, where there is deviation from the original project plan. Ensuring that key technical construction risks have been identified and are being appropriately mitigated by both the IMS and Portfolio Managers.
- For more complex and higher value loans, support close monitoring of key conditions of sanction against the underlying IMS reporting cycle – for example have key planning conditions been met and/or infrastructure milestones adhered to.
- Management of the IMS Panel including monitoring of performance and providing feedback to IMS firms to ensure quality standards are maintained.
- On a periodic basis, review a sample of IMS reports which are not noted as experiencing any adverse issues to ensure accurate reporting.
- For distressed deals which we are looking to exit, close engagement with NPL team to ensure continued oversight of these deals and advice on technical construction aspects (including ongoing involvement in IMS reporting where applicable).
- Close interaction with the respective Portfolio Managers to assist with reporting to Group Credit. The primary aim to aid the credit reporting process based on underlying knowledge of the development.
- Management of stakeholder relationships, internally – 1st line Credit teams, Group Credit, peers and colleagues across lending divisions, compliance and client support functions.
- Principal external stakeholders – Shawbrook development finance customers; Speciality Finance customers with a development / property focus; IMS/QS advisory firms.
- Undertaking site visits to support both Origination and in life development schemes by reviewing sites from a technical construction perspective and identifying any key risks.
Qualifications
- Degree qualification in Quantity Surveying or another RICS accredited construction degree qualification. Chartered status is preferred but not essential for the right candidate.
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Key Attributes
- The role requires in-depth knowledge of the development finance market with first-hand experience of the preparation of IMS reports or working as a QS/CM/PM on residential developments.
- Strong analytical skills, including good knowledge of Excel, being able to manage and handle complex issues.
- Good commercial awareness of the property / development finance market.
- Excellent team player, with strong interpersonal skills and ability to interact and build rapport with individuals/stakeholders at various levels of the organisation, both internally as well as externally.
- Influencing skills and the ability to communicate effectively both orally and in writing with all levels of management, external advisors and committees.
- Adherence to bank’s policies, compliance with all regulatory requirements, remaining in good standing with regulatory agencies.
Additional Information
Your Wellbeing
We take your health and well-being very seriously by providing a range of benefits to give you and your family peace of mind. These include:
- Market leading family friendly policies such as access to our Maternity, Adoption and Paternity policies from Day 1 of your employment
- Free access to Headspace, a mindfulness & meditation digital health app
- Free access to Peppy digital health app that offers personalised support through fertility treatment becoming a parent or menopause
- EAP (Employee Assistance Programme) - Offering you support on a wide range of subjects including financial concerns, mental wellbeing and more general queries around family, work, housing, and health
- Cycle to work scheme
- Discounts on gym membership
- Contributory pension scheme & death in service
Your Lifestyle
It’s important you strike the right balance between your work and personal life. We provide benefits to support you when at work and when you’re enjoying your leisure time.
- Minimum of 27 days holiday per year
- Option to buy or sell holiday days through our flexi-holiday scheme
- Discounts on gym membership nationwide
- Access to discounts on a range of high street and online brands
- Community support and charitable giving
Your Contribution
We’re focused on rewarding those that go the extra mile in helping us achieve our goals.
- Participation in our annual discretionary bonus scheme designed to reward your contribution to our success
- Proudly Shawbrook recognition scheme focused on recognising our role models and thanking our colleagues for a job well done
Department
Restructuring & SME Credit
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