If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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EDUCATION:

• 5 “O” Levels/CSEs
• Telecommunications Tec level 1 (equivalent of 5 O Levels)
• Attended – Clifford Chance – LMA Loan Documentation training,
• Attended – ISDA & GMRA Master Agreement Negotiating course (Internal)
• Attended AGILE project management (Internal)
• PRINCE2 project management, pending
• EMTA, LMA & LSTA terms and market practices
• POWERPOINT, LOANIQ, SWIFT. OMEGA, STARWEB GEAC-SMARTSTREAM
• Markit, Debtdomain
• Tillit
• eFront

CAREER HISTORY:

July 2021 – Present

Financial Services

Assistant Manager / Manager (A signatory) Loan Agency

• Overseeing/managing the full life cycle of new Loan Agency deal / transactions, including white labeling portfolios, from attending client pitches and introduction call with legal and sales, client onboarding (KYC and internal Compliance), documentation review, liaising with external and internal legal, agreeing funds flows checking set up on loan platform (Tillit)
• Day to day management of all loan agency transactions, drawdowns, rollover events, commitment fee events, cash management, loan transfers, document amendments and loan refinancing, financial covenants, managing compliance certificate re margin rachets.
• Fielding Borrowers and Lenders enquiries regarding implementation/interpretations of the loan documentation and organizing Lender’s consent if required
• Management of the KYC periodic reviews
• Since my charge managing the Loan Agency department have written term sheets for all the loan agency deals under our management , have implemented check lists/decision trees for all tasks and introduced procedures for all operational functions, which enabled the offshoring of the payment/remittance function to our offices in Mauritius, as well us enabling the efficient training of junior members of staff and provide full transparency.

2006 - July 2021 (redundancy)

Financial Services

Client Facilitation, Client Lifecycle management

• Primary point of contact (client, business line and internal stakeholders) for Asset Managers, Funds Financial Institutions and Corporates managing the KYC new and renewal process, credit lines and ISDA, GMRA, GMSLA, CDEA master agreement negotiation (New, Amendments and regulatory updates)
• Assist the Business lines in any post trade issues.
• Coordination and facilitation of the KYC renewal document collection process
• Taking ownership of the client relationship, being the external clients’ privileged point of contact for the whole duration of the OB review Process in the collection on non-public documentation
• Proactively monitoring the KYC process from start-to-finish, identify, challenging and resolving any issues raised.
• Managing the restriction process of the entities in scope.
• Providing progress transparency for all stakeholders during the review process

Assistant Manager, Credit Admin

• Primary point of contact (client, business line and internal stakeholders) for Asset Managers, Funds Financial Institutions and Corporates managing the KYC new and renewal process, credit lines and ISDA, GMRA, GMSLA, CDEA master agreement negotiation (New, Amendments and regulatory updates)
• Managing the credit approval process, end to end
• Credit Ratings (straightforward, expert & asset managers)
• Ensuring that all proposed ratings are validated to ensure that SG meets its Basle II Requirements
• Loan facilities (Project Finance, Agency, Bilateral (Term, Revolving, Swing Line etc.) and Secondary loan sales
• Ensuring loan documents are in accordance credit approval conditions. & responding to OPER questions on the loan documents
• Requesting & checking Power of attorneys Client liaison (from negotiation to execution)
• Checking conditions precedent & financial covenants
• Checking and control of all operational aspects, (Drawdowns, Interest Period elections, rate fixing fee mechanisms, repayment schedules and options etc)
• Loan Facility maintenance (Supplement Agreements & Waivers liaising with internal and external legal counsel)

2004-2006

Banking

Loan Closer, secondary loan sales

• Preparing, negotiating. checking & execution of “closing documentation”
• Trade Settlement & break funding calculations
• Investigating and resolving all Nostro breaks & Agency breaks
• Ensure accurate recording of commitments, drawings and accruals by maintaining Loan systems reconciling system discrepancies
• Chairing meetings with internal legal & external counsel
• ●Loan maintenance (Supplement Agreements & Waivers drafting and checking)

2003-2004

Banking

Loan Closing Team Leader – Distressed Debt (LSTA) & Par trading documentation (LMA)

• Team-leader
• Preparing, negotiating. checking & execution of “closing documentation”
• Preparing market reports for front-office
• Trade Settlement & break funding calculations
• Investigating and resolving all Nostro breaks & Agency breaks
• Chairing meetings with internal legal & external counsel
• Ensure accurate recording of commitments, drawings and accruals by maintaining Loan IQ system integrity and reconciling system discrepancies

2002-2003

Banking

Loans Admin project team leader – Change of legal identity

• Project team leader (5 members)
• Presentation & agreement of project plan.
• Review of all loan documentation and reporting on, assignment clauses, consent fees payable
• Preparing/checking all Loan Assignment Transfer Certificates.
• Fee remittance
• Ensuring Agent acknowledgement

1998 – 2002 (Redundancy)

Banking

Assistant Manager, Emerging markets global markets group

• “B” signatory for numerous of banks
• Trade capture & confirmations
• Sovereign Loans - Preparing, negotiating. checking & execution of “closing documentation” of sovereign loan trades
• Sovereign Loans - Preparing, negotiating. checking & execution of Tri-party agreements, Rental Agreements, Repos & sub-participation agreements
• Trade settlement
• Investigating and resolving all Nostro breaks & Agency breaks
• Complete understanding all terms and market practices of EMTA, LMA & LSTA
• Representing (voting) for a bank at EMTA market practice meetings and documentation working groups
• Chairing meetings with internal legal & external counsel
• Drafting & agreeing Service level agreements (internal & external)
• Attending EMTA meetings (market practice & netting) Grey “when & if” trading and
• settlement.

Supplier Credits

• Performed a complete review & reconciliation of all holdings (approx 514)
• Responsibility for the preparation of all A1 Forms & their execution
• Responsible for all trade capture, documentation preparation (assignment/participation/sub-participation) and settlement for all FTO and Paris Club trades & Weekly Front Office reports and reconciliation

1991 - 1998

Banking

Loans Supervisor

• Multi-currency loans (Agency, Bilateral, Syndicated)
• Drawdowns, Rate-fixing, pre-payments, fee calculations, events of default
• ECGD & SACE backed loans (Agency, Bilateral)
• Project & Leveraged Finance Facilities
• Bills of Exchange processing (Bilateral & Syndicated)
• Monitoring and checking client credit lines
• Secondary Loan trading
• Full exposure to loan documentation

1989 - 1991

Financial Services

Loans Supervisor

• Multi-currency loans (Agency, Bilateral, Syndicated)
• Drawdowns, Rate-fixing, pre-payments, fee calculations, events of default
• ECGD & SACE backed loans (Agency, Bilateral)
• Project & Leveraged Finance Facilities
• Bills of Exchange processing (Bilateral & Syndicated)
• Monitoring and checking client credit lines
• Secondary Loan trading

1987 - 1989

Banking

Assistant Officer, Loans Administration

1984-1987

Banking

Loans Administration

References Available Upon Request

If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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