Corporate Credit Risk- AVP
Provide credit and analytical support for the equities margin loan portfolio globally, supporting risk management functions in both NY and London.
• Review and analyze proposals to provide committed credit facilities to finance (leverage) equity shares of publicly traded companies worldwide. transactions are non-recourse, meaning we only have access to the shares value, or recourse to a corporate, LLP/LLC or other legal entity borrower (i.e., not individuals)
*Review/establish credit terms such as covenants, liquidation triggers, maximum loan-to-value limit, etc. to mitigate risk.
*Review financial condition and equity research reports on the target equity company to ascertain positive or negative events that could impact its equity share price. Review/perform due diligence on the borrower.
• Prepare Credit Approval Memo's (CAMs) detailing all material aspects of the facility and present to senior management for final consideration/approval. This includes preparation of a risk rating scorecard which defines the riskiness of the transaction.
*Review booking process with front and middle office, to ensure proper booking and reporting of exposures against guidelines and country/industry limits.
• Maintain and update a portfolio summary of the equities margin loan business to be reported to senior management on an ongoing basis.
• It is expected that the officer would spend a majority of his/her time on the equities margin loan portfolio. In addition, the officer would also provide support to his/her manager on resolving ongoing business issues related to the equities derivative business, non-standard derivative trades, and collateral issues.
MUST HAVE
Formal Corporate Credit training or prior experience in a credit position extending credit facilities or derivatives lines
* Strong writing skills.
• Familiarity with derivatives, repurchase agreements or similar products.
• Familiarity with legal documentation as it relates to lending and derivatives.
• Strong analytical skills.
• Strong PowerPoint presentation skills and command of spreadsheet data.
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