At a glance

The Client Auditor is positioned in the Asset Valuation & Audit team within the Asset Based Finance (ABF) Risk department and reports to the Head of Asset Valuation & Audit.

As a key part of the UK Branch Risk Management structure the primary role of Asset Valuation & Audit is to identify and optimise ABF’s asset risks, so as to make an optimal contribution to achieving ABF’s strategic objectives with a focus on minimising the risks within the Lease and Commercial Finance portfolio. 

Asset Valuation & Audit achieves this by performing on-going monitoring, client audits, asset valuations and surveys on both existing clients and on new business prospects with a view to increasing insight into the potential risks associated with the facilities offered or proposed. 

The team is responsible for developing advice and expertise related to assets within the organisation, and providing both clients and ABF with optimum security in relation to their assets and associated facilities. The continuing development of Asset Valuation & Audit ensures maximum gains thanks to strong cooperation with Sales, Marketing, Relationship Management, Credit Management and FR&R. Asset Valuation & Audit has a high level of integration with its peers in the Netherlands and also in France & Germany via an additional matrix approach to cross border-risk type owners.

Asset Valuation & Audit straddles both:
 
i)    Commercial Finance - facilities are supported by specialist Client Auditors who report on ABL facilities comprising receivables finance, inventory finance, and other assets (including P&M and property) and can also be further supported by EFG loans; and 
ii)    Leasing - facilities are primarily based on title to hard assets with specialist advice and support provided by a team of expert Lease Asset Managers. 

Audits & Surveys are performed using a Risk Based Approach across a wide range of industry sectors and across all ABF client segments (primarily Medium & Large but occasionally Small and more increasingly the largest International segment), they also include lead and participation arrangements with other syndicated banking partners. As the specialist asset audit function within ABF Client Auditors can be required to audit assets and clients within the Leasing portfolio.
 

Your job

• Responsible for performing independent Client Audits of existing clients and new business prospects with a view to increasing insight into the potential risks associated with current or proposed receivables and inventory-based finance facilities and recommending solutions and actions to mitigate identified risks and optimise the balance of ABF risk/reward.  
• Additionally performance of Client Audits within the Lease portfolio will be inferred subject to experience and knowledge.
• Confirming the value and ongoing integrity of the collateral supporting the ABF facilities. Also endeavour to identify any apparent threats to the continuity of the business.
• Acting as an independent check ensuring that the facility is being operated by the Client and managed by Asset & Relationship Management in accordance with the approved facility terms and conditions.
• Identifying key areas and recommending appropriate mechanisms and structures to mitigate or reduce risk as appropriate.
• Operating as an independent 2nd LOD within a 3 Lines of Defence Model.
• Liaising with Asset & Relationship Managers and Business Development teams regarding clients and prospects to communicate issues and potential solutions.
• Adhering to a Risk Based culture and promoting flexibility in managing Increased Risk Audits of clients ranging from £2mln to >£250mln turnover, as well as being the primary Survey resource for complex and larger prospects. 
• Monitoring the Commercial Finance portfolio (through, amongst others, the use of Risk Factor) in an autonomous and proactive way and being capable to take all appropriate initiatives towards the management of ABF in order to preserve the interests of ABF with regard to the portfolio.
• Building and maintaining relationships with clients, prospects, internal stakeholders and other involved parties.
• Requires regular travel within the UK (c25-35% field days), usually regional but occasionally nationwide as required.
• Flexibility to occasionally stay away from home.
• Ability to work largely independently from a home location in a suitably quiet and secure area when not on client premises.
• Developing the team’s asset risk expert status both within the UK and internationally across the wider Asset Valuation community within ABF.

The experience and capability of each individual auditor has a direct correlation to the complexity of the facilities and transactions which will be allocated to them, solely, or with team support.

Quantitative Information:

• Perform Audits on Clients in accordance with a Risk Based Approach to Client Audits in the following segments:

o    Medium Business Segment (‘Small & Medium Clients’) with revenues of up to GBP 20mln.
o    Large Segment (Corporate Clients) with revenues ranging from GBP 20mln to GBP 250mln.
o    International Segment (Large Corporates) with revenues from GBP 250mln upwards and also include lead and participation arrangements with other syndicated banking partners.

• Perform Surveys on standard and complex prospects.
• Performs internal reviews of external provider reporting as appropriate; i.e. Audits, Surveys Appraisals/Valuations and other Due Diligence reports may have been outsourced or performed by external partners.
• Operates in close co-operation with Business Development Managers, Relationship Managers and Asset Management to assess collateral, systems and process risks and the impact on the value of the underlying assets.
• Prioritises requests with urgent risk escalations, complex credit constructions and international clients where syndications may occur.

Your working environment

ABN AMRO is an enterprising bank with a primary focus on Northwest Europe. We serve clients in the retail, private banking and corporate banking sectors. We are also present internationally in a number of specialist activities, such as Corporate and Commercial Banking, Asset Based Finance and Clearing.

At ABN AMRO we have a clear purpose: Banking for better, for generations to come. The shift towards sustainability is one of the most important challenges of our time. Supporting our clients at times that matter has always been our role and our responsibility. Together, we aim high and work towards lasting relationships that are relevant and responsible, both now and in the future. We want to be the bank that leads the way.

Our strategy goes far beyond financial value: we want to accelerate the transition to sustainability. We do this by supporting and advising our clients in order to facilitate their sustainability shift. Our commitment to clients, employees, investors and society calls for clear direction, focus and dedication.

We concentrate on our three strategic pillars:

•    Support our clients’ transition to sustainability
•    Reinvent the customer experience
•    Build a future-proof bank

Our strategy requires a culture of working together and permanent learning. It’s only with this mindset that we unleash the best in ourselves to deliver a high standard of performance. ABN AMRO’s culture is the catalyst for the evolution in which we find ourselves: our people are imaginative, trust each other and do just that little bit extra to help clients.

ABN AMRO UK is part of the Corporate Banking business line and operates the following businesses in the UK:

•    Corporate and Institutional Banking which includes Corporate Banking, Clearing, Global Markets - Sales & Trading and Financial Institutions 
•    Commercial Banking which includes Asset Based Finance and International Desk, which provides transactional banking services

Our business lines are supported by a number of functions such as Risk, Compliance, Legal, IT, Finance (Including Tax), Business Management and Human Resources. We currently employ approx. 380 people in the UK.

Your profile

•    Proven financial industry working experience gathered within audit, risk or related ABL and Commercial Finance Functions;
•    Knowledge of ABL market and products and activities;
•    Experience in structuring, relationship managing or auditing/surveying of deals;
•    Ability to interpret financial statements;
•    Strong analytical skills with an ability to question assumptions;
•    Knowledge of credit risk analysis and/or audit/survey methodologies;
•    Experience of working with Risk Factor would be beneficial;
•    Highly motivated and ambitious, with high energy levels and ability to prioritise and multi-task effectively;
•    Eagerness to learn and self-develop;
•    Solution driven and can-do mentality;
•    Good / strong Risk knowledge;
•    Ability to collaborate effectively with internal Stakeholders;
•    Ability to work under pressure and manage conflicting deadlines;
•    Ability to work both independently within a geographically distributed national team of peers;
•    Good Stakeholder management capability.

What we offer

Joining ABN AMRO means working on meaningful projects. Projects that have an impact on our clients. Working with a wide range of people with different backgrounds, opinions and ideas. In the UK, in the Netherlands or elsewhere in our international network. We offer an environment where you will be challenged on a daily basis - professionally as well as on a personal level - so that you can grow to become the professional you want to be.

Interested?

Are you interested?   Please apply via the button below.

For more information please contact Niki Champion, Senior Resourcing Partner, UKrecruitment@uk.abnamro.com, +44 203 192 9342.