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- Tasks: Analyse complex structured securitisation transactions and approve exposures in a dynamic team.
- Company: Join a leading corporate banking and capital markets organisation based in London.
- Benefits: Enjoy competitive salary, professional development opportunities, and a collaborative work environment.
- Why this job: Be part of a crucial role that influences financial decisions and market trends.
- Qualifications: University degree and relevant finance qualifications required; experience in structured credit preferred.
- Other info: Work closely with international teams and participate in exciting projects.
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 decision-makers. Building relationships can often lead to job opportunities that aren't publicly advertised.
✨Tip Number 2
Stay updated on market trends and regulatory changes related to ABS and structured finance. Subscribe to relevant financial news outlets or join online forums. This knowledge will not only help you in interviews but also demonstrate your commitment to the field.
✨Tip Number 3
Familiarise yourself with the specific tools and models mentioned in the job description, such as Intex and Bloomberg. If you haven't used them before, consider taking online courses or tutorials to enhance your skills, making you a more attractive candidate.
✨Tip Number 4
Prepare for potential interviews by practising how to present complex credit assessments clearly and concisely. Use examples from your past experience to illustrate your analytical skills and decision-making process, as this will be crucial for the role.
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 your understanding of the role and how your skills align with the responsibilities outlined. Mention your analytical skills and experience in credit risk management to demonstrate your fit for the position.
Showcase Relevant Experience: When detailing your work history, focus on specific projects or roles where you conducted credit assessments or participated in due diligence. Use quantifiable achievements to illustrate your impact in previous positions.
Research the Company: Familiarise yourself with the corporate banking and capital markets organisation's values, recent news, and market trends. This knowledge will help you tailor your application and prepare for potential interview questions.
How to prepare for a job interview at Commerzbank AG
✨Showcase Your Analytical Skills
As a Senior Credit Officer, you'll need to demonstrate strong analytical abilities. Be prepared to discuss your experience with cash flow models and tools like Intex or Bloomberg. Bring examples of how you've successfully analysed complex transactions in the past.
✨Understand the Market Trends
Stay informed about current market trends and regulatory updates related to ABS and structured finance. During the interview, mention specific trends you've researched and how they could impact the organisation's strategies.
✨Prepare for Technical Questions
Expect technical questions regarding credit risk management techniques and rating agency methodologies. Brush up on these topics and be ready to explain your thought process when evaluating credit exposures.
✨Demonstrate Team Collaboration
Highlight your teamwork skills and experiences working in multicultural environments. Share examples of how you've collaborated with colleagues from different departments, such as Front Office or Market Risk, to achieve successful outcomes.
