Full-Time

Credit Risk Deputy Director

Sotheby’s

Sotheby’s

1,001-5,000 employees

Contemporary art & collectibles platform

Consumer Goods

Senior

London, UK

Required Skills
Communications
Management
Requirements
  • Bachelor's degree in business, management, accounting, economics, statistics, information science or similar (MBA a plus)
  • 5+ years relevant experience in a top tier risk organization / credit-focused role of a wealth management, consumer or commercial lending business
  • Strong logical and analytical skills, experience with financial modeling, and the ability to use data to make business decisions
  • Proven excellent credit judgment and risk assessment as demonstrated by previous experience in consumer or commercial lending and/or portfolio management strategies
  • Solid communication skills
  • Ability to think creatively and critically and thrive in a fast-paced dynamic, and often ambiguous work environment
Responsibilities
  • Support the Head of Risk in overseeing a holistic risk management framework and implementing enhanced credit risk controls to mitigate risks associated with art & collectibles secured lending (credit, valuation, market, etc)
  • Conduct periodic bottom-up and top-down portfolio reviews to ensure stable portfolio health
  • Play an integral role in the credit decisioning process by supporting the independent review and challenge of the loan opportunity and ensuring established underwriting credit standards and approval requirements are satisfied
  • Ensure that escalation measures are prudently and proactively followed for credit deterioration events portfolio and collateral information & concentrations are monitored and reported
  • Serve as a credit / underwriting mentor and resource for junior staff
  • Act as an independent last line of defense to ensure that the business is well protected from a risk perspective (particularly underwriting)
  • Ensure timely and accurate reporting of information to the relevant stakeholders
  • Analyze portfolio and macroeconomic data / trends to identify emerging credit risks and identify opportunities for improvement through regular monitoring, reporting and ad-hoc projects to enhance risk framework

Established in 1744, Sotheby’s is the world’s premier destination for art and luxury. Sotheby’s promotes access, connoisseurship and preservation of fine art and rare objects through auctions and buy-now channels including private sales, e-commerce and retail. Our trusted global marketplace is supported by an industry-leading technology platform and a network of specialists spanning 40 countries and 50 categories, which include Contemporary Art, Modern and Impressionist Art, Old Masters, Chinese Works of Art, Jewelry, Watches, Wine and Spirits, and Interiors, among many others.

Company Stage

N/A

Total Funding

$4M

Headquarters

New York, New York

Founded

1744

Growth & Insights
Headcount

6 month growth

0%

1 year growth

11%

2 year growth

15%