Senior Manager, Financial Institutions - Securitizations

About the role

The Senior Manager, Financial Institutions - Securitizations, Global Risk Management is responsible for the maintenance and sound asset growth of a portfolio comprised of securitizations, in US, Canada and Mexico. They add value to the overall management of the Bank’s loan portfolios through the timely and accurate adjudication of credits within established underwriting guidelines and policies.

Responsibilities

• Liaise and maintain strong working relationships with Global Securitizations personnel in Toronto and New York, and Corporate Banking execution in Mexico involved in securitizations structuring.
• Review pertinent external rating agency criteria and perform in-depth assessment of program structure and performance of incoming credit applications.
• Ensure all proposed credit exposures are in compliance with the established guidelines and limits, and provide rationale for exceptions.
• Provide recommendations to senior executives and participate in discussions in Senior Credit Committees.
• Prepare authorizations to communicate the terms and conditions of transactions.
• Review documentation governing credit facilities as required (i.e., ISDA trading documentation).
• Develop a high degree of knowledge/expertise of securitizations structuring by various asset classes.
• Maintain knowledge of program sponsors and industries, by continuous monitoring of available financial and industry information and discussions with Global Securitizations officers.
• Provide accurate data in a timely manner as requested by the various Bank offices/departments to satisfy regulatory and quarterly/monthly reporting requirements.
• Work on projects and special reviews as assigned by senior management.

Requirements

• Experience in Securitizations structuring from either a Credit Risk, Corporate Banking or Ratings Agency background is essential.
• While MBA, CMA, CFA or CA Designation is preferred, equivalent industry/credit analysis experience will be considered.
• Knowledge of credit risk policies, products, processes preferred.
• Understanding of derivative products, deal structuring, due diligence & documentation, legal & accounting principles.
• Ability to make decisions and appropriate recommendations to senior management and effectively support such recommendations.
• Customer centric focus.
• Strong analytical and technical skills with attention to detail.
• Excellent writing and presentation skills.
• Curiosity, ability to learn, and to apply newly acquired knowledge to daily tasks.
• Strong time management and organizational skills to manage multiple (often shifting) priorities in a fast-paced environment.
• Good negotiation and problem-resolution skills to reach agreements with business line partners.
• Excellent interpersonal, relationship building and communication skills.

Qualifications

• Education: Bachelor’s degree in Finance, Economics, Business Administration, or related field.
• Experience: Minimum of 7 years of relevant experience in credit risk, corporate banking, or ratings agency roles.

Skills

• Securitizations structuring experience from Credit Risk, Corporate Banking or Ratings Agency background.
• Knowledge of credit risk policies, products, processes.
• Understanding of derivative products, deal structuring, due diligence & documentation, legal & accounting principles.
• Ability to make decisions and appropriate recommendations to senior management.
• Customer centric focus.
• Strong analytical and technical skills with attention to detail.
• Excellent writing and presentation skills.
• Curiosity, ability to learn, and to apply newly acquired knowledge to daily tasks.
• Strong time management and organizational skills to manage multiple (often shifting) priorities in a fast-paced environment.
• Good negotiation and problem-resolution skills to reach agreements with business line partners.
• Excellent interpersonal, relationship building and communication skills.