VP, ABL/Securitization Credit Officer

New York Permanent $115,000 - $160,000 per year
  • Diverse deal structuring opportunities.
  • Opportunity to lead and mentor junior staff.

About Our Client

The bank is a global financial institution that offers a wide range of banking and financial services, including corporate and investment banking, asset management, and risk management solutions. The company operates internationally and serves clients across various industries, providing expertise and tailored solutions to meet their financial needs.

Job Description

Major Responsibilities:

Responsible for the implementation of the credit risk underwriting/management function for Securitized Products, providing recommendations to the credit authority. Incumbent monitors and manages the credit exposure within portfolios and individual transactions, keeping abreast of market trends and developments. May develop and lead strategic initiatives, updates to policies and procedures and may also be responsible for various projects to improve efficiencies. Candidate at this level is fully knowledgeable on the day-to-day activities of the product and process and has good verbal and written communication skills.

Credit recommendations to management:

  • Evaluate credit proposals and business screening memos and make written credit recommendations to management
  • Identify structural risks and mitigants in prospective transactions and recommend/enhance structuring of deals and covenants in line with underwriting guidelines
  • Advise origination team on credit risk issues/terms and conditions to create a best possible deal with a goal of maximizing profit and minimizing credit cost
  • Directly and independently communicate with other credit divisions to obtain necessary information/comments to support making a credit decision
  • Provide support to senior credit analysts in the evaluation of and credit recommendation on more complex deals



Active portfolio monitoring of designated customers:

  • Responsible for the monitoring and ongoing credit review of individual accounts through regular/ad-hoc credit review process
  • Evaluate credit review applications of the designated portfolio, determine accurate ratings and make recommendations of accurate and timely ratings to management
  • Conduct due diligence and attend bank/customer meetings as required
  • Coordinate and communicate critical account information independently and directly to various related parties throughout the bank, business line, product groups and credit divisions
  • Responsible for market research and producing portfolio presentations for management



Policy Compliance:

  • Ensure compliance with external regulatory/internal policy and procedural requirements
  • Participate in ad-hoc policy meetings to enhance organization wide credit risk framework.



Others:

  • Perform related duties and participates in special assignments and projects as required.

The Successful Applicant

Qualifications:

  • In-depth knowledge of all elements of Credit and Risk principles
  • 6 or more years of Securitized Products credit and/or structuring experience, primarily covering Flow or Non-Flow ABS, with knowledge in Trade Receivables, Middle Market Loans or CLO's a plus
  • Previous working experience in financial institutions or related sectors, preferably in Credit, Ratings or Risk related function
  • Strong knowledge in structuring of ABS asset classes, including cash flow analysis.
  • Knowledge of legal and compliance regulations and accounting rules pertinent to securitized lending
  • Good time-management and ability to multi-task, team player, strong organizational and writing skills

What's on Offer

$180,000-$220,000 base salary, plus bonus.

Contact
Lauren VanManen
Quote job ref
JN-022024-6329761

Job summary

Function
CFO & Financial Management
Subsector
CFO & Financial Management Subsector
Industry
Financial Services
Location
New York
Contract type
Permanent
Consultant name
Lauren VanManen
Job reference
JN-022024-6329761

About Page Executive

Page Executive are inclusive Recruiters and Hirers, as reflected in our Clear Assured Platinum Standard Accreditation from the Clear Company. We are passionate about attracting diverse talent and are committed to ensuring our processes are inclusive and supportive.