Director, Development and Construction Risk

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

The key purpose of the role is to provide Shawbrook Bank with in-house Independent Monitoring Surveyor / Bank Monitoring Surveyor expertise for the Shawbrook Bank development finance and Speciality Finance portfolios.

The role will contribute to effective management of the Development Finance & Any Other Area of the Bank, where specialist consultation is required.. Overall objective to ensure high standards of risk management and early identification of issues that may impact a development (project delays and cost overruns; compliance with planning stipulations and regulations; external market factors which may impact developments).

The role requires in-depth knowledge of the real estate development process and development finance market, with first-hand experience of the preparation of IMS reports or working as a QS on residential developments.

Key Role Responsibilities

• For complex and higher value new to bank deals, working closely with the Development Finance Origination team to provide advice on all aspects relating to the development pre-funding.
• Once funded, provide in-house advice on those development deals which may be off-track or seeking further extensions to loan maturity.
• Advise on problem loans or exit names – in these situations working closely with the Non-Performing Loan team.
• Undertake periodic reviews on a sample of performing cases, across a range of IMS firms, to ensure all timelines are being met in accordance with external IMS reporting and/or all issues identified by the portfolio manager, together with specific focus on the quality of the IMS report
• Providing training and coaching across the Development Finance team.
• For those customers within the existing Speciality Finance portfolio who are involved in Development Finance – provide greater focus and oversight of the underlying deals which form part of our borrowing base / security.
• Maintaining and developing contacts with external IMS / QS firms – ensuring these advisors are challenged appropriately and following instructions and terms of engagement, together with supporting the on-boarding of new IMS firms.

Qualifications

• Experience working with a Developer, Consultancy or Main Contractor/Construction Manager in a QS/Commercial Management/Project Management role will be considered.. Ideal candidate to have knowledge and experience of development finance from the perspective of a lending bank and experience as an Independent Monitoring Surveyor.
• Degree qualification in Quantity Surveying or another RICS accredited construction degree qualification. Chartered status is preferred but not essential for the right candidate.
• 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