Wholesale and Sub Hire Auditor, Asset Finance

Role: Asset Finance
Location: London
Posted: 16/06/2020 | Closing:
Position: Permanent
Salary: Competitive

Hampshire Trust Bank is a specialist bank, staffed by experts focused on helping UK businesses realise their ambitions.

We offer niche specialty lines SME bank targeting under-served segments, our dedicated Specialist Business Finance (Asset Finance and Wholesale), Development Finance, Bridging Finance and Specialist Mortgages teams ensure that businesses receive the outstanding service, lasting relationships, integrity and expertise they need to prosper.

We also provide savings accounts to individuals and businesses and since we lend to SMEs, our savers can be sure their money will help boost the British economy.

Our vision is to be the go-to bank in our chosen markets; to deliver positive customer outcomes, rewarding careers and great shareholder value through a high-performing culture grounded in excellence and integrity.

ABOUT THE OPPORTUNITY

To audit our Block Discounting, Sale of Receivables and Sub hire customers. The main purpose of the audits is to:

  1. Ensure that the security position is maintained, evaluate the performance of the underlying portfolio, and provide commentary on the level of adequacy of client systems, operations and controls that establish the veracity of documentation supporting the provision of Block Discount finance.
  2. ensure the customer is adhering to the terms of the Sale of Receivables agreement with them and collecting rentals from their customers, which in turn is paid to HTB
  3. ensure that our sub hire customer is complying with the terms of the licence to sub-let but also to provide general commentary on the business e.g. the apparent competence (or otherwise) of the administration staff, condition of the vehicles, whether they are busy, etc.

 

The role holder will conduct on site client visits alongside a regular programme of rolling client audits on both an announced and unannounced basis where appropriate and feasible.

The role holder will ensure facilities are operated within lending policy guidelines and satisfy relevant compliance policy aspects including Anti Money Laundering and Conduct risk.

The role holder will provide regular risk reports via line management confirming the risk profile of facilities and make suitable recommendations for control improvements or enhancements.

Key to the role is the early warning nature of the function with the role holder specifically tasked with flagging adverse risk developments timeously to the risk function and business line.

The role holder may also undertake ad hoc audit related duties where directed by the CRO or Head of Credit.

 

To find out more about this role, please download the full job description here.

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