Internship - Financing Operations Agency & Solutions [Middle Office] in London

Overall Purpose and Main Responsibilities

Main role - To learn the processes and products of the operational functionalities of the London GBO/Financing Operations Middle Office team, and thereby assist with the daily duties performed.

Business scope

Financing Operations teams are in charge of Agency and Middle Office functions (hereafter “the Middle Office”), in their interaction with the different departments of the CIB and with the other support functions, notably the financing Front Office (Real Assets, Global Trade, Investment Banking and Alternative Credit Group), Distribution & Portfolio Management, Loan Administration/Back Office, Syndications / Insurance, Credit Risk, Legal Department and Compliance Division. The Middle Office operates within the COO CIB / Global Banking Operations (GBO) / Financing Operations department. The Middle Office is involved in three major stages of the lifecycle of financing operations: Structuring; Implementation; Monitoring and repayment.

Four of its main duties are:

• to ensure a role of expertise and technical support to the Front Office;
• to check that the operations comply with Natixis’ requirements;
• to perform the Agent or the participant role in syndicated deals;
• to act as an interface with other entities of Natixis for the implementation and the follow-up of operations.

Main responsibilities and duties of the role

Departmental level

To ensure day-to-day support is given across all business lines — both for new and existing credit facilities. The role will require the establishment of effective partnerships with all Front Offices as a key stakeholder as well as teams in several areas of the bank in different capacities (Risk, Finance, BO etc.). It will also include using available technologies to simplify and enhance current processes and propose initiatives to improve data quality and operational resilience and robustness.

Specific tasks involve:

• Ensuring that all Deals are correctly reflected in the Bank’s system (LoanIQ) (including deal structure/modelling, security packages/collaterals/assets and all covenants with all the associated reviews and follow up monitoring (scheduled activity/control reports)).
• Establishing all day-to-day activities are known/discussed and allocated in line with departmental procedures/processes and systems used (query log/departmental email mailbox).
• Ensure that all post-closing actions are duly executed/recorded in the banks systems (including departmental Middle Office Workbook) – including completion of all associated check sheets.
• Take responsibility for monitoring the production of the monthly reports for all business lines (including covenant, activity, sell down, unpaid, statistics and waiver reports).
• To take responsibility for maintaining the highest quality data, as well as understanding and adhering to credit policy developments and escalating appropriate queries.

More advanced tasks could also include:

• Reviewing and commenting on deal structures and facility documentation, at both structuring and closing stages (and post-closing follow up) to ensure both feasibility of the deal and to ensure that the terms duly comply with the credit approvals and term sheet.
• Providing support for all prospective and current Facility Agency roles.

Personal level

Technical support to others / co-workers on area of expertise. Ensure all issues are duly escalated to appropriate persons. Ensure that daily tasks are duly performed promptly and in line with approved processes and procedures.

Job Requirements

• Proactive, with the ability to deliver value-added support to business partners in a dependable, timely and accurate manner.
• Demonstrates flexibility and willingness to accept new assignments and challenges in a rapidly changing environment.
• Good communication and relationship/partnership-building skills both with team members as well as other business partners.
• Ability to interact confidently with all levels of stakeholders.
• Strong attention to detail with a control and risk discipline mindset, takes ownership and is accountable for area of responsibility.
• Very strong PC skills in Microsoft Suite (e.g. Word, Excel, PowerPoint, Teams).
• Must have ability to use web-based technology effectively.
• Desired to have practical knowledge of Power Automate, Power-Bi, AI – i.e. ability to use systems to aid efficiency and data quality.
• Knowledge and experience with LoanIQ preferred.
• Awareness of Investment/Corporate Banking and its products.
• Knowledge of Facility documentation, especially the treatment/monitoring of financial covenants and security packages.
• Specific understanding and experience of handling Facility and Security Agent roles, including systems such as DebtDomain, ClearPar etc.