Maintain strong oversight over the covenant monitoring process, early warning indicator (EWI) process, and other portfolio monitoring activities as per the current internal process framework of the team for a global portfolio of clients
Set up from scratch various monitoring processes keeping in mind regional nuances given the global nature of the portfolio
Ensure that the covenant compliance framework is robust and escalate cases with minimal headroom and any breaches promptly to the team head
Coordinate on a quarterly basis or as per business requirements effectively with global front office deal teams to source data and manage stakeholders tactfully to ensure complete information is received on a timely basis
Track various market movements and sector-level developments relevant to the performance of corporate counterparties and their risk profile from an EWI and covenant compliance perspective
Manage covenant data, create a repository, and maintain the data and documentation as per policy and process
Support daily covenant monitoring, quarterly documentation, and robust tracking of the global portfolio; escalate immediately and timely to the team head in cases where information is not provided or there is limited headroom under covenants
Participate and lead in periodic covenant headroom review exercises, investigate cases of low headroom and breaches, and escalate these to the team head immediately
Coordinate with various business teams globally, maintain a record of expected dates of receipt of covenant data, and effectively coordinate with business to ensure efficient running of the covenant compliance monitoring process
Share findings at ad-hoc global forums in a clear and succinct manner
Understand internal credit policies and ensure compliance of existing work streams with relevant policies
Provide support in other ad-hoc projects undertaken by the team based on business requirements
Mind Set:
Mandatory:
At least 1 year's experience in analytical credit operations, middle office, or collateral management, preferably in an investment bank
Strong analytical skills with a good eye for detail and ability to multi-task
Excellent written and verbal communication skills; should be at ease in communicating with global business deal teams and senior internal stakeholders
Ability to perform efficiently and produce high-quality reporting, maintain a robust reporting framework, and escalate effectively on time
Good understanding of covenants, credit exposure, and legal documentation is desirable; should have the aptitude to learn about covenants and maintenance financial reporting if no prior experience
