ABS Counterparty Due Diligence - Vice President
About The Position
As a Vice President on the Asset Backed Securities (ABS) Monitoring team, you will participate in due diligence sessions with current and potential clients; this may include traveling to client sites. You will play a pivotal role in supporting the review and Operational Risk Assessment process with deal covenants. You will work closely with deal teams, Credit officers, external clients, and support functions. You will facilitate and work closely with the third-party audit firm to perform reviews on finance facilities, which includes leading the audit lifecycle. This position was created to enhance the Firm’s management of Counterparty risks.
Requirements
- Bachelor’s degree in finance, Accounting, Economics, or related fields
- Operational risk management knowledge including experience with financing structures
- Good analytical skills with attention to detail, ability to explain potentially complex and nuanced transaction structures to the relevant stakeholders
- Ability to evaluate cash flow models used to structure transactions
- Ability to read and understand complex loan agreements
Nice To Haves
- Ability to work independently and under time pressure
- Experience with securitization structures, involving non-traditional asset classes and related rating agency methodologies
- Field auditing experience not required but a plus
- Strong analytical skills paired with excellent communication skills, both written and verbal, with the ability to present information in a structured, clear, and concise way
Responsibilities
- Participate in due diligence sessions with potential and current clients, with the possibility of travel
- Support the review and Operational Risk Assessment of warehouse lending facilities secured by various ABS asset classes, including but not limited to residential mortgages, consumer loans, commercial leases, middle market loans, digital infrastructure assets, ensuring exposures are consistent with Bank’s risk appetite and best practices
- Work with deal closing teams and Credit Risk Management to ensure transactions are appropriately structured with adequate operation risk mitigation to address relevant adverse scenarios at the time of closing or amendment
- Facilitate with third party audit firm to perform reviews on finance facilities, and see the audit through from finalizing the scope, ensuring audit is moving along in a timely basis, and following up on any findings
- Stay informed about market trends and conditions that may impact the performance of securitized assets, helping to anticipate and mitigate potential risks
- Participate in broader projects and initiatives, including portfolio monitoring, ad hoc reporting, and audit requests
Benefits
- A hybrid working model, allowing for in-office / work from home flexibility
- generous vacation, personal and volunteer days
- Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
- Competitive compensation packages including health and wellbeing benefits
- retirement savings plans
- parental leave
- family building benefits
- Educational resources
- matching gift
- volunteer programs
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What This Job Offers
Job Type
Full-time
Career Level
Manager
