Location
City of Westminster

Hours
Full Time

Salary
£61,345 per annum

About the Role
The principal role of UK Export Finance (UKEF) is to support UK companies exporting to foreign markets by providing insurance, loans, and guarantees against non-payment or non-performance by UK exporters and overseas buyers. UKEF assumes significant credit risks on behalf of UK exporters, making sound credit risk assessment crucial, especially given the elevated default risks in emerging markets.

The Risk Management Group (RMG), led by the Chief Risk Officer, manages UKEF’s risk portfolio including new business credit risk assessments. RMG operates through five divisions: Enterprise Risk Management, Risk Assessment, Analysis (Pricing & Portfolio Risk, Operational Research & Analysis, Economics & Country Risk), Portfolio Management, and Restructuring, Claims & Recoveries.

The Risk Assessment Division (RAD) provides probability of default (PD) ratings and loss given default (LGD) assessments on all non-sovereign risks. RAD’s case work is divided into three teams: Corporates and Strategic sectors; Project Finance; and Specialised Products Risk (Aerospace, Financial Institutions, and Active Portfolio Management).

The Active Portfolio Management (APM) Branch identifies packages and transfers UKEF risk with financial intermediaries. After transaction approval, APM monitors risk concentration and explores methods to reduce portfolio risk. Working closely with all business areas, APM develops coordinated strategies to optimise UKEF’s use of funds, increasing capacity under country limits and reducing the likelihood of cash-calls on the exchequer. APM supports UK exporters ensuring cost-efficient risk management.

This role involves supporting the Senior Manager (APM) across all team functions, including portfolio management, relationship management, policy development, training, and project work. The role currently does not include line management but may in the future.

Key responsibilities include:
- Monitoring and analysing portfolio data and risk concentrations
- Executing risk transfers and managing existing (re)insurance tranches
- Assisting with relationship management with brokers and (re)insurance counterparties
- Developing relationships with financial services companies
- Contributing to policy development, training, and strategic projects
- Ensuring accurate and timely data entry and governance of APM-related case data
- Supporting wider RMG business-as-usual and project activities

This list is not exhaustive and additional duties may be required according to business needs.

Experience
- Experience in portfolio management or credit risk management within finance, insurance, or government environments
- Experience working collaboratively and building positive relationships with internal and external colleagues at all levels
- Proven delivery in time-critical environments to agreed standards
- Procurement and/or commercial contract management experience is desirable

About You
- Strong planning and organisational skills to manage multiple competing priorities and meet deadlines
- Analytical and problem-solving abilities with creative thinking for complex challenges
- Excellent communication and influencing skills, able to convey complex information clearly and confidently
- Ability to work autonomously while seeking advice appropriately
- Motivated to learn and develop professionally within a dynamic environment

Qualifications
- Degree level qualification in a relevant discipline such as Finance, Mathematics, Business, Economics, Law, or equivalent demonstrable professional experience
- Evidence of continuing professional development
- Proficiency in Microsoft Office Suite including Word, Excel, PowerPoint, Visio, and Outlook
- Understanding of portfolio risk metrics (e.g., Expected Loss, Unexpected Losses) and associated risk management
- Knowledge of UKEF’s products, services, and role in the export finance market and wider government context