Lending Specialist

Department: Banking & Business Partnering Job Category: Support Location: Liverpool, GB, L3 1NW Date: 24 Jan 2025 Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients’ wealth. Our ambition is to be recognised as the UK’s most responsible wealth manager. We see it as our responsibility to invest for everyone’s tomorrow, doing the right thing for our clients and for others too. Job Title: Lending Specialist Department: Finance Location: Liverpool Contract Type: 12 month secondment / 12 month fixed term contract The Role Responsible for processing lending applications, from initial enquiry to approval and release of funds, ensuring adherence to the firm's credit policy and established procedures, performed in a professional, accurate and timely manner. Outcomes of the Role Managing client lending applications from initial enquiry to drawdown of funds, including provision of pre-contractual advice, affordability assessment, and approval according to internal scales. Managing client overdraft exposures, monitoring positions in line with terms of business and reporting through routine MI and by exception where tolerances are exceeded. Providing support for client lending enquiries, liaising with clients, investment managers, and other internal stakeholders. Issuing client correspondence in relation to new or existing lending, including statements or repayment letters. Servicing loan interest on a quarterly basis, including raising invoices for clients using external funds. Application of debit interest for overdraft balances and adjustments according to policy. Maintaining records for all undertakings and guarantees held. Ensuring compliance with FCA’s CONC and MCOB regulations for creditworthiness and affordability. Issuing annual review requests to IMs, collating responses and identifying changes in circumstances for reporting to the Lending Manager. Maintaining data required to produce MI for reporting to the Lending Manager and Head of Lending. Maintaining lending procedures, reflecting changes and testing where appropriate. Knowledge, Skills and Experience Holds or is working towards CII/CeMAP Level 3 Mortgage Advisor qualification. Experience with or awareness of FCA’s CONC and MCOB regulation principles. Able to communicate effectively and clearly through appropriate channels. Able to organise and prioritise workload effectively, working autonomously. Demonstrates good teamwork, supporting colleagues to achieve goals. High level of accuracy and concentration with ability to grasp new tasks quickly. Comfortable working across the MS Office suite of applications. Able to translate source data into insightful analysis that supports understanding and decision making. Life at Rathbones We aim to become an employer of choice for the wealth management sector, building a diverse, equal, and inclusive workplace. At Rathbones, we provide meaningful work, opportunities, and a voice to all. We encourage applications from all backgrounds and welcome individuals who share our values – those passionate about client service, integrity, and results focus.

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