Associate Director, Portfolio and Financing Management, Securitised Products Group
JOB TITLE : Associate Director, Portfolio and Financing Management, Securitised Products Group
SALARY : Competitive package
LOCATION : London
HOURS : Full-timeWhat you'll be doing:
Within Lloyds Bank Corporate Markets (LBCM), the Securitised Products Group (SPG) team are currently looking for an Associate Director (AD) to join them.SPG are part of the Lloyds Bank Corporate Markets (LBCM) Global Markets business and are based in London and New York. The team structures, markets and distributes securitisation and other asset based lending transactions globally for LBG's financial and corporate clients as well as providing both syndicated and bilateral asset-backed funding and associated hedging products to financial and corporate clients.
This role is in the Portfolio and Financing Management team (PFM), where you'll join a team of five people who act as middle office supporting the origination teams within SPG. PFM acts as part of the first line of defence on credit issues, manages the regulatory environment surrounding securitisation, funds and administers client financing facilities, provides portfolio information for regulatory capital purposes, fee income allocation and provides management information and governance management for LBCM and Lloyds Bank.
The key responsibility of this role is on the Portfolio Management part of the team, managing the ongoing performance of the portfolio on a weekly/monthly/quarterly basis and being responsible for some aspects of reporting and regulatory reporting. You would be managing the individual deal data, currently managed through a third-party system, to maintain quality, timeliness, accuracy and access to immediate changes in the asset portfolios.
The secondary responsibility of the role would be to provide management and credit information on the portfolio, drawn from the Bank's systems and/or external sources. Management information includes the mapping of transactions from pipeline, through booking, deal life cycle and final paydown. Credit information would include cross asset class reporting, deal comparison and potential impact of macro-economic factors.
Your role would include maintaining key relationships with the Credit, Finance, Governance, Internal Audit and Operations functions. In addition, you'll maintain a strong working relationship with the SPG Origination teams to ensure our colleagues and clients have the best possible transaction outcomes from origination to paydown.
This position would suit an individual currently working within the securitisation market, either as a structurer, credit officer, rating agent or other service provider, or alternatively acting as a surveillance officer in an adjacent industry.
Why join us?
We're on an exciting journey to transform our Group and the way we're shaping finance for good. We're focusing on the future, investing in our technologies, workplaces, and colleagues to make our Group a great place for everyone.
What we're looking for?
Previous knowledge of securitisation and other asset based lending structures, the legal and performance triggers utilised, the potential challenges to be aware of and the role of due diligence and AUP's is required.
You'll be expected to have, maintain and develop a high level of digital literacy to ensure accuracy and professional presentation of materials. Proficient use of Excel, PowerPoint, and an understanding of Power BI would be particularly beneficial as well as:
- Previous working experience, in excess of five years, in securitisation, either origination, surveillance or management, rating agency or a bank credit function.
- Ability to examine asset pools on a deal-by-deal basis as well as analysing the portfolio over time and against various external and internal metrics.
- Be organised - manage and prioritise tasks in a timely and effective manner.
- Management and understanding of securitisation legal documentation to accurately reflect legal requirements on a third-party portfolio monitoring system.
- Management of large data sets primarily via Excel spreadsheets for Management Information, regulatory reporting, income analysis or one-off requests for research from senior management.
- Be prepared to document, rationalise and organise regular processes, with an eye to continuous evaluation and improvement. Ensure that processes are followed and reflected in line with the published framework.