PTSB is one of Ireland's leading retail and SME banks, with an innovative range of products and services powered through an evolving digital landscape, our focus is centred on ensuring we deliver what our customers, colleagues and communities need to be successful.
Working as an integral part of the Retail Credit Centre Commercial Valuations Team, the role is responsible for the governance, oversight and continued development of the Bank’s Commercial Valuation Framework. The role includes the interrogation and assessment of commercial valuation reports to support the Bank’s investment and credit decisions, alongside responsibility for Commercial Valuer Panel management and associated governance activities.
Other ad hoc administrative duties and involvement in local initiatives will be required as requested by Management. In addition, your role will involve continuous process innovation, productivity improvement and delivery of operational excellence to drive a competitive advantage and support the Bank’s lending objectives.
This role will appeal to individuals who have strong organisational, communication and change management skills and those who thrive on delivering on expectations within a dynamic and growing commercial lending environment.
The individual should be conscientious, service orientated, reliable, flexible and must have a solution-focused approach to their work and that of the team.
Responsibilities:
- Governance and management of the Bank’s Commercial Valuer Panel including onboarding of new firms, application assessment, due diligence and approval processes.
- Ongoing performance management of panel firms including follow-up on poor quality valuation reports identified through checklist processes (completed by Business Banking Central Support Team) and execution of suspension or removal in line with procedures.
- Oversight of the valuation checklist process to ensure adherence to appropriate standards, including responsibility for sampling and quality assurance activities.
- Oversight of concentration risk levels within the Commercial Valuer Panel, including semi-annual review with BB Central Support Team and annual reporting to TCC.
- Effectively line manage one direct report (L4), overseeing their performance and development, aligning individual goals and development needs with the SME strategy and objectives of the Group.
- Develop and enhance a suite of valuation data sources, including quarterly updates and development of a centralised database of all Commercial Valuation Reports received by the Bank.
Requirements:
- A strong understanding of and ability to review and interpret commercial valuation reports, identifying potential downside impacts and appropriate mitigation.
- A good understanding of RICS/IPAV regulations and valuation standards.
- Experience in commercial property, valuations, credit risk or related discipline.
- Strong analytical capability with the ability to identify trends and assess risk.
- Keen eye for detail and strong quality assurance mindset.
- Excellent communication skills with the ability to challenge effectively and influence stakeholders.
- Well-developed report writing and presentation skills with ability to interact at senior levels.
This is a permanent role based in St Stephen’s Green (Hybrid Options available within Republic of Ireland only)
Is this you?
Please apply online on our website or via the apply link of this role. Your application will be sent through to our Talent Acquisition team and they will be in touch regarding your application.
We reserve the right to draw up a shortlist for interview.
The Bank understands the importance of a consistent and relentless focus on championing diversity and inclusion. We aim to attract, recruit, and retain individuals with diverse backgrounds, skills, competencies and abilities to work collaboratively to enhance the service we provide to all of our customers and the communities we serve.
