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- Tasks: Analyse complex structured securitisation transactions and approve credit applications.
- Company: Join a leading corporate banking and capital markets organisation in London.
- Benefits: Enjoy competitive salary, professional development opportunities, and a dynamic work environment.
- Why this job: Be part of a collaborative team making impactful financial decisions in a fast-paced industry.
- Qualifications: University degree and experience in structured credit, particularly ABS and middle market CLOs required.
- Other info: Work closely with international teams and stay updated on market trends.
The predicted salary is between 72000 - 108000 £ per year.
A leading corporate banking and capital markets organisation is seeking a Senior Credit Officer to join their team in London.
Main Purpose of this Role:
As a (Senior) Credit Officer in the Structured Finance ABS department, you will be responsible for the analysis and evaluation of complex structured securitisation transactions in the ABS and Structured Solutions divisions.
Your responsibilities will include:
- Approving exposures to securitisation and structured vehicles backed primarily by middle market corporate exposures.
- Deciding within the framework of delegated authorities and ensuring a high analysis and decision quality in your credit applications, ensuring transactions are within the bank’s policies and risk appetite, and carrying out internal ratings.
- Participating in due diligence with colleagues in Front Office, including negotiation of structures, terms and documentation.
- Reviewing and potentially questioning all elements of transactions including structure, collateral, and cashflow stress analysis.
- Having responsibility for ongoing deal and portfolio monitoring and exercising credit approval authority for amendments, increase requests and annual reviews.
- Working closely together with team members in the Frankfurt head office, as well as with colleagues in Front Office, Market Risk, Finance etc., and participating in portfolio monitoring, audit reviews and ad hoc projects.
- Staying informed about market trends and regulatory updates.
As (senior) credit officer you will have an in-depth expertise in financing and securitisation, particularly CLO structures, and have knowledge in the area of private credit funds/asset managers and middle market loans. You will also have strong analytical skills and knowledge of credit risk management techniques, rating agency methodologies, ability to review legal documentation, and experience using cash flow models and tools (e.g. Intex, Bloomberg, Moody’s Analytics).
Key Activities and Competencies:
- Analysing and monitoring ABS transactions, preparing credit reviews.
- Working closely with business to ascertain deal parameters and identify risks inherent in transactions.
- Conducting detailed credit assessments for specific exposures covering past collateral performance, expected performance and relevant deal features and risks.
- Reviewing documentation.
- Performing analyses for annual reviews/renewals/amendments.
- Researching trends in applicable markets.
- Participating in projects related to business or regulatory changes.
- Providing regular portfolio performance and market related updates to management.
- Working closely with the ABS modelling team to ensure that deal features are properly modelled and incorporated in any credit assessments.
Key Requirements:
- University degree.
- Additional relevant qualifications in the finance sector.
- Sufficient years of experience in the decision-making and analysis of complex credit exposures in the structured credit business, in particular ABS with a focus on private credit and middle market CLOs.
- Basic knowledge of internal regulations, policies, and efficient application of operational procedures, especially credit processing.
- Methodically structured working methods, self-initiative, decision-making power, resilience and responsibility.
- Good presentation skills: Presentation of documents to senior management, market side and appropriate committees.
- Good teamwork skills, communication and professional appearance in a multicultural environment.
Senior Credit Officer - ABS employer: Commerzbank AG
Contact Detail:
Commerzbank AG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Credit Officer - ABS
✨Tip Number 1
Network with professionals in the structured finance and ABS sectors. Attend industry events, webinars, or conferences where you can meet potential colleagues or mentors who can provide insights into the role and possibly refer you to opportunities at our company.
✨Tip Number 2
Stay updated on market trends and regulatory changes related to ABS and structured finance. This knowledge will not only help you in interviews but also demonstrate your commitment and expertise in the field, making you a more attractive candidate.
✨Tip Number 3
Familiarise yourself with the tools and models commonly used in credit analysis, such as Intex and Bloomberg. Being proficient in these tools will give you an edge in understanding complex transactions and performing detailed credit assessments.
✨Tip Number 4
Prepare for interviews by practising how to present your past experiences and analyses clearly and confidently. Focus on your decision-making process and how you've successfully navigated complex credit exposures in previous roles.
We think you need these skills to ace Senior Credit Officer - ABS
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in structured finance and credit analysis. Emphasise your expertise in ABS transactions, CLO structures, and any specific tools you've used like Intex or Bloomberg.
Craft a Strong Cover Letter: In your cover letter, clearly articulate why you are a great fit for the Senior Credit Officer role. Mention your analytical skills, decision-making experience, and how you stay informed about market trends and regulatory updates.
Showcase Relevant Qualifications: List any additional qualifications you have in finance that are relevant to the role. This could include certifications or courses related to credit risk management or structured finance.
Prepare for Interviews: If selected for an interview, be ready to discuss your previous experiences in detail. Prepare examples of how you've conducted credit assessments, managed risks, and collaborated with teams in a multicultural environment.
How to prepare for a job interview at Commerzbank AG
✨Showcase Your Analytical Skills
As a Senior Credit Officer, you'll need to demonstrate your strong analytical skills. Be prepared to discuss specific examples of how you've successfully analysed complex structured securitisation transactions in the past, highlighting your decision-making process and the outcomes.
✨Understand the Market Trends
Stay informed about current market trends and regulatory updates related to ABS and structured finance. During the interview, reference recent developments and how they might impact the role, showcasing your proactive approach to staying updated in the industry.
✨Prepare for Technical Questions
Expect technical questions regarding credit risk management techniques and cash flow models. Brush up on your knowledge of tools like Intex and Bloomberg, and be ready to explain how you've used them in previous roles to assess credit exposures.
✨Demonstrate Teamwork and Communication Skills
This role requires collaboration with various teams. Prepare to discuss instances where you've worked effectively in a team, particularly in multicultural environments. Highlight your communication skills and how you've presented complex information to senior management or committees.
