Financing Operations (Loan Agency) and Solutions (Middle Office)
City of London
Permanent
Up to £70k base salary + package
cer Financial are working alongside an investment bank who are based in the City of London. They are seeking a someone to work in the Financial Operations Agency and Solutions area. Essentially you will be acting as the Agent in a portfolio of syndicated loans. You will be directly linked to the front office and your input, insights and advise will be invaluable.
The responsibilities of the candidate will include:
Financing Operations teams are in charge of Agency and Middle Office functions, in their interaction with the different departments of the Bank and with the other support functions, notably the financing Front Office (Real Assets, Global Trade, Investment Banking and Global Structured Credit & Solutions), Distribution & Portfolio Management, Loan Administration, Credit Risk, Legal Department and Compliance Division.
The Middle Office operates within the Global Banking Operations (GBO) / Financing Operations department.
The Middle Office is involved in three major stages of the lifecycle of financing operations:
- Structuring.
- Implementation.
- Monitoring and repayment.
Four of its main duties are:
- To ensure a role of expertise and technical support to the Front Office.
- To check that the operations comply with company's requirements.
- To perform the Agent or the participant role in syndicated deals.
- To act as an interface with other entities of the company for the implementation and the follow-up of operations.
In addition to the above you will be required to carry out the following functions:
- To ensure day-to-day support is given across all business lines - both for new and existing credit facilities.
- The role will require the establishment of effective partnerships with all Front Offices as a key stakeholder as well as teams in several areas of the bank in different capacities (Risk, Finance, BO etc.).
- Reviewing and commenting on deal structures and facility documentation, at both structuring and closing stages (and post-closing follow up) to ensure both feasibility of the deal and to ensure that the terms duly comply with the credit approvals and term sheet].
- Ensuring that all Deals are correctly reflected in the Bank's system [LoanIQ] (including deal structure/modelling, security packages/collaterals/assets and all covenants with all the associated reviews and follow up monitoring (scheduled activity/control reports).
- Providing support for all prospective and current Facility Agency roles.
- Establishing all day-to-day activities are known/discussed and allocated in line with departmental procedures/processes and systems used (query log/departmental email mailbox).
- Ensure that all post-closing actions are duly executed/recorded in the banks systems (including departmental Middle Office Workbook) - including completion of all associated check sheets.
- Take responsibility for monitoring the production of the monthly reports for all business lines (including covenant, activity, sell down, unpaid, statistics and waiver reports).
- Technical support to others / co-workers on area of expertise.
If you are an experienced Agency loans candidate, who can competently give input and advise to deals this could be a fantastic career move for you.
Back to top