£48,600 - £60,750 + Bonus & Benefits
City of London – St Paul’s EC4M 8BU
Permanent Position
Are you looking for a new opportunity in a brand-new role that you can shape and make your own?
Want to work for a FTSE 100 Company!?
About the role
This is a brand-new role within the Investment Office which will offer you exposure and experience across a wide range of industries, sector and asset classes, including commercial real estate loans, infrastructure debt and private placements.
Reporting to the Head of Illiquid Credit, this role will support Phoenix’s investment in illiquid assets, through undertaking credit analysis for new investments and management and risk oversight of existing illiquid credit exposures. The role will include challenging investment strategy, oversight of portfolio construction and undertaking loan management
This role will offer you the ability to use your current skills and experience as well as get involved with other work and projects and allow you to continue your professional development by working within a highly motivated team.
Role duties
Operating with a high degree of autonomy, working within the wider Illiquid Credit team in our Investment Office across a number of initiatives and actions, specifically:
• undertake and support credit risk analysis for illiquid credit assets including coordinating Illiquid Credit submissions into ICRC,
• oversight of illiquid credit assets, including those managed by external appointed Asset Managers,
• ensuring appropriate systems, controls, reporting and documentation is held for all illiquid assets,
• ensuring robust risk management of commercial loans is in place and fits within the wider Group Risk Management Framework,
• ensuring appropriate business input into legal agreements for commercial loans,
• ensuring appropriate Monitoring and Reporting is embedded within governance structure.
Managing the coordination, analysis and submission of Illiquid Credit Management Information into governance committees (e.g. Internal Credit Rating Committee (“ICRC”) and Investment Management Committee (“IMC”).
Leading strategic projects and reporting on the progress of projects to senior stakeholders/formal committees (IMC/ICRC) and presenting to those same committees.
Supporting and guiding colleagues, outside of the Investment Office, who may have less familiarity with the illiquid credit asset class
As it is a new role, the successful candidate would have a pro-active, problem-solving mind-set and would be expected to take ownership, develop effective processes and create solutions where precedents do not exist.
Essential
• Good credit risk underwriting skills in illiquid credit assets
• Knowledge and experience of credit rating methodologies
• Track record of delivery, including management of multiple projects
• Excellence in stakeholder management and collaborative working
• Strong analytical skills, including the ability to draw sound conclusions from large datasets
Desirable
• Rating agency experience
• Knowledge and experience of Solvency II regulation and Prudent Person Principle
• Experience of valuation for illiquid credit assets
• Experience in engaging with external governance bodies and regulators
• Experience of managing loan workouts
About us
Join the Phoenix Group, and you join a unique organisation. It’s not just the 10 million policyholders we serve, or the £240 billion of assets we look after. Or that we’ve been listed as one of the UK's Top Employers for seven years running. It’s the fact we manage predominantly closed life funds in our Heritage business. This means we can focus our innovative thinking and energy into improving outcomes for our existing customers and their customer experience.
But that’s not all. We also have an Open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. We also market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan?
Having acquired Standard Life Assurance Limited in 2018, Phoenix is now the largest consolidator of heritage life insurance funds in Europe with a vision to be Europe's Leading Life Consolidator
N.B. When on the Phoenix Careers site, first time visitors will be asked to register before applying.
Closing date: Midnight, Tuesday 11th February 2020.
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