Start up SME lender - Risk Management

Project status
Project posted
14th January 2014
Project duration (approx.)
0.0 Days
Budget (approx.)
£500 / day
Industry
Financial Services
Area of expertise
Legal / Compliance
Required market experience
United Kingdom (Essential)
Consultant location
Off-site

Background & Objectives

Project Background

Arts Alliance is a venture capital firm with a history of
both investing in and building companies. 
We are currently in pre-launch development of an SME lending platform,
called Growth Street.  Growth Street aims
to provide revolving credit facilities to prime SMEs in the UK, funded by P2P
lending.  Please see the attached
document for further background details on Arts Alliance and on the Growth
Street proposition.

Arts Alliance has been investing in and lending to SMEs for
over 15 years, however our experience is limited to high growth, technology
enabled companies.  Therefore before
committing to a seed investment of Growth Street, we would first like to
strengthen our understanding of current SME lending practices by speaking to
experienced practitioners and advisers.ObjectiveOur objective for this project is to spend a day in a question and answer style discussion with an experienced consultant with a background in SME lending.  Our goal is specifically to understand the risk management processes banks use on portfolios of SME loans.  This session will cover questions around:  the current best practice for establishing an underwriting process based on SME credit scorecards (the common approach in consumer lending), the limitations of a scorecard approach, the current best approaches for incorporating expert information (eg through a Bayesian approach), a discussion of available third party systems for risk management, and high level overview of implementation times and cost.The overall goal is to help assess and critique our current
ideas, advise on sources of data or analysis, and stimulate our thinking in
areas we haven’t considered.

Key deliverables

Our objective is for the project to be composed of a one day discussion session held at Arts Alliance’s office (5 Young Street, London, W8 5EH) prior to 14 February.  We are open to holding this as two half day sessions if that is more convenient.The discussion will be held in an informal Q&A style.  We are not looking for any written outputs or presentations at this stage.

Consultant requirements

Requirement: Have you had direct experience of managing a portfolio of SME loans?
Desired response: Yes

Requirement: Have you advised UK banks on their risk management processes relating to SME loans?
Desired response: Yes

Requirement: Are you able to meet at our offices in London prior to February 14, 2014?
Desired response: Yes

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