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.
• Analyse financial statements, business plans, collateral performance, and cash flow forecasts, and assess creditworthiness, capacity to repay, prepayment and default risk, and structural protections.
• Identify, document, and monitor key risks including market, operational, legal, and concentration risks, ensuring alignment with internal credit policies and PRA and FCA expectations.
• Work closely with internal and external legal counsel to support negotiation of facility agreements and transaction documentation, ensuring commercial intent and credit approvals are accurately reflected.
• Coordinate completion mechanics including conditions precedent tracking, internal approvals, funding and treasury requirements, and operational readiness to ensure smooth execution.
• Monitor portfolio performance and covenant compliance, identify early warning indicators, and elevate emerging risks in line with governance expectations and risk appetite.
• Conduct annual reviews and credit re assessments, maintain accurate reporting, and contribute to continuous improvement of portfolio monitoring, credit processes, and management information.

Required qualifications

• Bachelor’s degree in Finance, Economics, Accounting, or a related field.
• 3+ years’ experience in structured finance, leveraged finance, real estate finance, project finance, or corporate banking within the UK market.
• Experience preparing credit papers for UK bank credit committees.
• Familiarity with PRA and FCA regulatory frameworks, including capital considerations.

Required skills

• Advanced financial modelling skills in Excel, including cash flow modelling, sensitivities, covenant modelling, and stress testing.
• Strong credit analysis skills, and use of credit analysis tools and techniques, including financial statement analysis, business plan review, and assessment of repayment capacity, prepayment and default risk.
• 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…