Job Description:
We help make financial lives better through the power of every connection by driving Responsible Growth and delivering for our clients, teammates, communities, and shareholders.
We strive to be a Great Place to Work, fostering a diverse and inclusive workplace that attracts exceptional talent. We support our teammates' physical, emotional, and financial well-being, recognize and reward performance, and make an impact in the communities we serve.
You can build a successful career with us, opportunities to learn, grow, and make an impact.
Role Overview:
The Global Markets Credit (GMC) organization is responsible for credit underwriting, ongoing monitoring, and portfolio management of Global Markets financing and traded products transactions.
This role is based in Sydney and focuses on credit underwriting and risk management of securitized lending portfolios in Australia and New Zealand, within the Specialty Finance / Asset-based Securitization business.
GMC's Specialty Finance/ ABS business specializes in non-recourse financing secured by asset-backed security assets, including consumer loans, credit card receivables, auto loans, and residential mortgage assets.
Key Responsibilities:
* Credit underwriting, approval, monitoring, and risk management of structured lending transactions backed by various asset classes, including credit cards, auto loans, residential mortgages, equipment loans, and leases.
* Partner with the Origination team in preparing underwriting materials, manage overall creation and submission of credit approval memoranda, approve them, and secure risk approvals.
* Conduct due diligence on originators, sellers/servicers, reviewing their underwriting and servicing capabilities.
* Ongoing monitoring of transactions, including asset performance and aggregate portfolio surveillance data development, implementation, and production of critical reporting.
* Communicate with senior business and risk management personnel on specific transactions and key market developments.
* Develop, establish, and maintain credit policies/procedures and limit frameworks, including underwriting and portfolio guidelines.
Requirements:
* At least 5 years of Counterparty Credit experience covering securitized products and/or warehouse lending, with structuring or origination experience in securitized products being an added advantage.
* Strong credit risk analysis and conclusion-oriented analytical skills, knowledge of products such as Intex/rating agency models or understanding of internally developed cashflow models used to review securitization structures.
* A Master's degree in finance, Business Administration, or related fields, with CFA/FRM or other professional qualifications being highly preferred.
* Strong organizational, oral, and written communication skills, with ability to communicate effectively with all levels of risk, support, and business partners.
* Ability to establish partnerships across the organization (Trading, Sales, Risk, and support partners) and build effective work groups, requiring strong influencing and negotiating skills.