Associate - Structured Finance

At Kroo Bank, we're building a better bank from the ground up. One that puts customers first, treats money responsibly, and uses technology to make everyday banking simpler, fairer and more transparent. We're a fully regulated UK bank, backed by long-term investors, with a growing customer base and big ambitions. We move fast, think carefully, and hold ourselves to the highest standards, whether that's how we engage with our customers, build products, manage risk, or look after our people.

How you will contribute and key responsibilities:

As an Associate in Structured Finance, your key responsibility will be to support the origination, structuring, execution, and ongoing management of structured lending transactions that form an essential part of Kroo's growth strategy. In a challenger bank environment, you will work across the end to end transaction lifecycle, combining detailed credit analysis, financial modelling, documentation support, and portfolio performance oversight with client and originator interaction. Responsibilities include:

• Support the Head of Structured Assets in originating structured lending opportunities across a range of originators, sponsors, and asset classes, building and maintaining a high quality opportunity pipeline
• Develop and maintain detailed financial models for asset backed and cash flow lending transactions, including returns analysis and scenario based sensitivities
• Prepare indicative terms and commercial proposals, including assessment of RWAs, RAROC, ROE, and NIM, and contribute to internal pricing and structuring discussions, supporting optimisation of structure, pricing, and capital efficiency
• Prepare clear, well evidenced credit papers for Executive Committee, Credit Committee, and Board level review, ensuring robust articulation of risk and mitigants
• Coordinate and support detailed borrower, sponsor, and originator due diligence, working with internal and external stakeholders to validate key assumptions and identify potential risk areas

Ability to produce high quality credit papers for ExCo, Credit Committee, and Board level audiences

Strong experience and understanding of asset backed finance dynamics and secured lending structures, including portfolio purchases and forward flow arrangements

Working knowledge of risk weighted assets, capital impact, and risk adjusted return measures (RWAs, RAROC, ROE, NIM)

Strong understanding of structured finance documentation standards and ability to support negotiation of facility agreements with legal counsel

Ability to coordinate execution and completion mechanics across Legal, Risk, Compliance, and Treasury, including CP tracking and funding processes

Portfolio management skills, including covenant compliance monitoring, annual reviews, early warning identification, escalation, and accurate internal reporting

Strong stakeholder management and communication skills, with clear and concise written and verbal output

High ownership mindset with integrity and diligence, able to operate effectively in a lean team with strong attention to detail and governance awareness

Proficiency in PowerPoint

Benefits

What we offer:

At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top-notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:

• Generous holiday time: 25 days annual leave, 8 bank holidays, 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday
• Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed
• Employer-sponsored volunteer program: We're passionate about giving back to our community, and we support our employees in doing the same with up to 4 hours per month of employer-sponsored volunteer time
• Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner

Workplace pension: We want you to feel secure about your future, so we offer a workplace pension with a 5% employee contribution and a 3% employer top-up

Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop. Additionally, we also offer support in establishing your home office by contributing towards your setup if required

Modern office: When you're in the office, you'll enjoy access to our modern, bustling workspace in Farringdon (Central London)

Cycle to Work scheme: We encourage sustainable transportation with our Cycle to Work scheme

Electric Car scheme: We're committed to reducing our carbon footprint, and our Electric Car scheme makes it easy for our employees to do the same

Enhanced parental leave: We know that family comes first, and we offer an enhanced parental leave policy to support our employees in starting and growing their families

Room for growth: As a fast-paced, high-growth start-up, we're dedicated to providing our employees with room to grow and excel

You get full healthcare for you and your nuclear family via Vitality

Hybrid Working:

At Kroo Bank, we have a hybrid policy that gives both individuals and teams a lot of freedom when it comes to using the office space to boost productivity. Our London office is a great resource when used effectively. So, employees who can occasionally come to the office are a good fit for how we work right now. Keep in mind that this job involves working from Monday to Friday, with a mix of remote and office work, so you won't need to be on-site all the time.

Diversity and Inclusion:

We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.

To all Recruitment Agencies:

At Kroo Bank, agency resumes are strictly prohibited. Do not submit agency resumes or forward them to our job advertisements or Kroo Bank employees. Be aware that Kroo Bank will not assume any responsibility for fees incurred due to unsolicited resumes.

To ensure a fair and efficient application process, all candidates are kindly requested to submit their applications directly through the advertised platform. We kindly ask that you refrain from reaching out to the company or its employees via email, LinkedIn, or any other communication channels for inquiries or updates. Please note that any attempts to contact us through these channels will not receive a response. Thank you for your understanding and cooperation.