Clo Warehouse - New York, United States - Santander US

Santander US
Santander US
Verified Company
New York, United States

1 week ago

Mark Lane

Posted by:

Mark Lane

beBee recruiter
Description
CLO Warehouse (Securitization) Credit Risk 2nd Line of Defense

  • Corporate & Investment Banking
New York, United States of America


The individual is responsible for risk analysis and independent oversight of credit quality of
CLO Warehouse Lending and Securitization portfolio.

S/he is responsible for all aspects of
CLO Warehousing / Securitization credit quality including internal and regulatory compliance.


Key focus will be on:

  • CLO Warehousing (Broadly Syndicated Loans / Middle Market Loans)
  • CLO Credit Underwriting
  • Securitization
The individual partners with the Front Office and Underwriting team.

The role is responsible for establishing and maintaining the internal controls that effectively manage the risk related to the
CLO Warehouse Lending and Securitization business.

The individual will provide review and challenge of all new
CLO Warehousing Lending and Securitization Business. The individual will have
individual credit authority. The individual will also be involved in special project to support and improve efficiency, and effectiveness of the unit.

Key skills required are as follows:

  • Experience in CLO financing, and CLO Warehousing.
  • Expertise within Leverage Finance and Middle Market Lending.
  • Expertise within Securitization with focus on Consumer Lending.
  • Experience in Capital Markets activities related to CLO and Securitization capital markets takeouts.
  • Understand Risk Retention risk and structures.
  • Understanding of regulatory oversight and rules governing the product.

Job Function Description:


  • Ensures adherence to the policies and procedures for CLO Warehousing and credit risk.
  • Represents 2LOD in all new CIB CLO Warehousing deal screenings, perform credit analysis to determine deal viability, and compliance with CLO Warehouse credit underwriting standards.
  • Review and challenge on all new CLO Warehouse underwritings.
  • Manages and ensures compliance with all CLO Warehouse policy, standard definitions and monitoring of policy, standard implementation, ensuring harmonization and consistency of risk policies.
  • Provides independent oversight of all aspects of credit quality of assigned portfolios, including the daily approval process of individual credits and the formal review process of the portfolio.
  • Identifies, manages, and reports on the company's risk areas.
  • Maintains up to date on all market developments, best practices, and trends within the broader CLO, Leverage Finance, and Securitization segments.
  • Leads special risk projects and/or programs, business continuity and other incident response and security related activities supporting CLO Warehouse financing industry best practices.

Essential Functions / Responsibility Statements:


  • Oversees and ensures consistent quality control, accuracy, and compliance with internal policies and regulatory requirements for reporting processes.
  • Ensures and executes ongoing maintenance of controls, mitigation plans, testing, and/o credit risk assessments.
  • Partners with the accountable business owner for effective 1st and 2nd line of defense Risk Management and Controls
  • Provides oversights on riskmanagement content/processes.
  • Provides oversights on riskmanagement content/processes followed by the 2nd line of defense.
  • Evaluates the adequacy and effectiveness of data, document retention, and monitors systems.

Qualifications:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


Work Experience:

5-7 years; Risk Management, Credit Risk, CLO Warehouse Financing and CLO financings, Leverage Finance, Underwriting, or Internal Audit experience.


Skills and Abilities:


  • Strong MS Excel and PowerPoint skills required.
  • Bachelor's degree in accounting, business, statistics, finance, economics, or equivalent field
  • Ability to analyze risk and design efficient control practices to effectively manage risk.
  • Ability to multitask, prioritize activities, manage conflicts of interest, delegate, and meet deadlines.
  • Advanced knowledge of the operational, accounting, credit, regulatory, market and technological risks within the various sectors of CLO, Leverage Finance, and Securitization segments, and Financial Industry
  • Demonstrated credit analysis and underwriting skills for understanding / tracking underlying counter party performance.
  • Ability to evaluate counter party risk exposures.
  • Demonstrated knowledge of credit policies and procedures, regulations, and applicable law(s)
  • Demonstrated track record interacting with the regulators, external and internal audit.
  • Excellent written and verbal communication.
  • Strong presentation skills. Superior project management skills.
  • Ability to interact with all levels
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