Co-Head of Credit Risk – Real Estate

• Work with senior Lending and Credit Risk colleagues to support growth across all markets, with clear views on the opportunities we should pursue and the risks we should take.

• Help shape our approach to real estate credit, combining consistent underwriting standards with an understanding of local markets, deal structures and regulation.

• Stay close to transactions and the portfolio, and build the team's capability as the business grows.

• Make and sanction decisions on new transactions, amendments and other material credit matters within your delegated authority.

• Assess deal structure, leverage, cash flow, security, sponsor strength and downside risk.

• Work with Debt Finance Originators from the early stages of a deal, helping shape terms and structures that work for the customer and meet our risk appetite. Provide clear, timely credit feedback and be direct when a transaction is not right for us.

• Take responsibility for complex or higher-risk cases, including when information is incomplete or circumstances are changing.

• Record decisions clearly, with a sound rationale.

• Play an active role in Credit Risk Committee and chair where appropriate, bringing a solutions-focused, commercial mindset and independent credit judgement to UK real estate decisions. Help shape our real estate credit appetite, find workable structures for good lending opportunities and keep decisions moving at pace without compromising credit standards.

• Challenge the key assumptions and risks, including how individual deals affect portfolio concentrations.

• Bring a clear view and be prepared to challenge senior colleagues.

• Lead our Real Estate Credit Risk teams, giving people clear responsibility and expecting high standards.

• Develop credit professionals who can think for themselves, form a view and stand behind a decision.

• Coach colleagues through complex transactions and give future leaders the experience to take on more responsibility.

• Bring the teams together across markets, and recruit and retain the people we need for our next stage of growth.

AI and technology should be part of how we do credit work, not a separate project. You will help the team:

• spend less time gathering information and preparing credit analysis and committee papers

• use data to identify portfolio risks earlier

• automate repetitive tasks and test tools that improve the quality and speed of our work

You do not need a technical background. We do expect curiosity, a willingness to test new approaches and the judgement to know where they add value.

You will have substantial experience underwriting and sanctioning complex commercial real estate transactions. Direct experience of making credit decisions is essential; policy or governance experience alone is not enough. You will bring:

• deep knowledge of real estate lending across different asset classes and transaction types

• sound judgement on deal structure, sponsors, security, cash flow and downside risk, alongside an understanding of portfolio exposures

• experience on senior Credit Risk Committees and the confidence to challenge senior Lending colleagues

• a track record of leading and developing credit teams

• Experience in UK or across more than one lending market, would be an advantage.

• Equity - we want everyone to have a stake in the business so our interests are aligned

• 25 days holiday plus personalised benefits - opt in to what matters to you

• Subsidised private medical insurance with Bupa

• Enhanced maternity and paternity leave

• Wellbeing and social events, plus in-house Barista Bar in the London office

• Volunteering time off to support causes that matter to you

• Salary sacrifice schemes - cycle to work, nursery, gym, and electric car scheme