15 Oct
Schroders
London
About Schroders
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
About Future Growth Capital (FGC)
Future Growth Capital (FGC) will, subject to all regulatory approvals, support the objectives of the UK's Mansion House Compact,
unlocking investment opportunities in private markets for millions of new pension savers to benefit from the diversification and investment return opportunities that unlisted assets can offer. In doing so, FGC aims to deploy an initial £2.5bn as part of a planned £10-20bn deployment over the next 10 years into UK and global private markets, supported by Phoenix Group's plans to invest 5% of its relevant savings products on behalf of its policyholders as well as ongoing fundraising led by both Schroders and Phoenix Group, via its Standard Life subsidiary.
FGC will design and manage UK and Global multi-private asset solutions for UK insurance and pension clients providing exposure to a broader range of innovative companies and investment opportunities for millions of UK pension savers.
The base
We moved into our new HQ in the City of London in 2018. We're close to our clients, in the heart of the UK's financial centre. And we have everything we need to work flexibly.
What you'll do
Origination or sourcing of new transactions from the market, including direct client, broker and other market contacts:
- Leading the relationship with direct client/bank partners to on-board new Infrastructure transactions directly from the market Includes gaining relevant internal approvals as appropriate;
- Maintain Infrastructure industry knowledge and strategy of current market practices, including representing FGC at relevant industry forums and exchanges; and
- Review and challenge of underwriting, pricing and ongoing loan management recommendations from the external partners and as otherwise originated.
Manage the Infrastructure loan portfolio to ensure financial performance and overall creditworthiness:
- Responsibility to ensure appropriate risk management and governance of Infrastructure is in place to identify, measure, monitor, manage, control and report on all risks of Infrastructure investments;
- Responsibility for the Infrastructure investment risk management policy including exposure limits, counterparty limits, acceptable collateral, management of concentration risk;
- Ensure regulatory requirements are met;
- Ensure appropriate business input into legal agreements for all Infrastructure transactions;
- Support Infrastructure valuations process oversight;
- Development and/ or evaluation of recommendations for stressed and distressed loans and presenting these to management, including processing recommendations through the appropriate Approval Process and then oversight of execution of actions on distressed loans including workout plans; and
- Regular assessment of liquidity risk and proposal of appropriate limits on investments.
Build-out the infrastructure team within the FGC origination team and have day to day management of that team:
- Annual and interim appraisals, including managing any disciplinary process with involvement of Head of Origination and HR as appropriate;
- Support ambition and capabilities of individuals in the team to ensure continual professional growth and personal development; and
- Ensure team has sufficient resources/skills to be able to deliver its objectives through the year, to manage absences, holidays and other unexpected draws on resource.
The knowledge, experience and qualifications you need
- Demonstrable track record of originating, analysing (incl. financial modelling), evaluating and managing Infrastructure loans;
- Strong credit risk underwriting skills;
- Experience of managing loan workouts
- Strong Infrastructure market presence,
well known in the market (clients, advisors, banks, other insurance companies, lawyers etc.);
- Track record of delivery and working collaboratively with others; and
- Degree level education with relevant experience and professional qualifications.
The knowledge, experience and qualifications that will help
- Experience of valuation for Infrastructure assets; and
- Experience in engaging with external governance bodies and regulators.
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose.
This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.
▶️ Future Growth Capital, Director of Infrastructure Debt
🖊️ Schroders
📍 London