SECURITISATION ANALYST recruitment
Securitisation Analyst
Role requires calculating and instructing quarterly cash flows on a suite of bond issuances together with managing the transactions. Ownership of the deal as a primary point of contact for clients together with maintaining and building stronger client relationships is a key aspect of the role.
On top of deal servicing the role will require the individual to be able to work independently while interacting competently with internal and external stakeholders / market participants on diverse complex securitisation matters. For example but by no means limited to-counterparty downgrades, trustee waivers , collateral postings, special servicer appointments and liquidity facility drawings have all be worked on by incumbent analysts on the desk.
Escrow
The Analyst will be required to run Escrow Accounts in accordance with desk procedures and Escrow Agreements governing them. Close interaction with Payments Team in KL. The analyst will need to be able to robustly interpret agreements and manage the accounts, colleagues and clients accordingly to fulfil the banks requirements acting as Escrow Agent.
Needs
- Gain working knowledge of deal portfolio from legal deal documentation and existing operational notes.
- In the role of Cash Manager affect all payment flows between investors, issuers and swap counterparties in a timely manner within the established market currency deadlines and in accordance with credit lines set by HSS Risk Management.
- Create transaction summaries outlining operational requirements of new issues.
- Calculation of periodic interest and principal payments under notes in capacity as Calculation Agent.
- Preparation of Investor Reports that accurately reflect the cash / collateral movements for each deal in accordance with deal documentation.
- Run Waterfall of Payments as set out within Transaction Documentation
- Advise clients of all corporate actions and ensure that any subsequent instructions received are acknowledged and processed within specified market deadlines.
- Ensure all accounts are reconciled on a daily basis and exceptional items investigated and reported to line management promptly.
- Responsible for maintaining portfolio of assets in capacity as Custodian.
- Reconciliation of all outstanding cash and stock exceptions.
- Resolution of client queries in an efficient and timely manner.
- Establish and maintain operational relationships with peer group and clients to ensure strong and efficient processes, and foster open and honest dialogue.
- Ensuring compliance with all relevant regulatory, legal and Group requirements.
- Monitoring of both third party and HSBC ratings to ensure continued compliance with transaction benchmarks for required ratings.
Role Dimensions
- Approximately 100 transactions being administered with an approximate value of USD 50bn.
- Knowledge of the International Capital Markets and the key parties involved in a securitisation transaction.
- Experience of working with securitised products, producing investor reporting and waterfall payments is essential.
- Understanding of legal documentation governing our appointment as Cash Manager and the impact of this on our operational responsibilities.
- Evidence of previous leadership roles (whether transactional or personnel related) would be looked upon favourably
