Job Description

This role is expected to provide leadership on risk and diligence issues, industry trends, capital structure, exposure management, syndication strategy, terms and returns. A critical objective is to provide management and guidance such that this high-risk business remains within appropriate risk tolerances. Under the expanded regulatory leveraged lending definition, this function serves to coordinate various firm-wide processes for other Non-Investment Grade clients. The lead demonstrates responsible behavior by both tone and actions in daily management.

Key Responsibilities:

• Manage screening/reviews and approvals for non-investment grade holds and underwritings.
• Evaluate complex deal structures across industries in the context of prevailing capital market conditions.
• Make recommendations on transactions above specified amounts to senior management regarding credit approvals and declines
• Monitor the leveraged loan and high yield portfolio with focus on timely syndication of underwritten positions, performance and classification of hold book and hedging of outsized or underperforming assets.
• For our hold book, manage and monitor a portfolio of leveraged finance names.
• Responsibilities include quarterly and annual reviews, risk rating accuracy, ongoing determination of emerging risks and decisioning or recommending of incremental exposure requests (such as derivatives, cash management, and international lines).
• Participate in discussions with senior management on strategic and exposure management decisions
• Work globally with partners in BCMA and LPG, which is part of Institutional Credit Management (In-Business Risk).
• Support the Leveraged Finance Portfolio Manager on requests from Senior management, FCR, Audit and regulators.
• Assess financings with respect to earning threshold returns on capital.
• Exercise leadership to address due diligence, capital structure and syndication issues.
• Protect the firm against franchise and reputation risk.
• Oversee underwriting limit compliance and develop solutions to mitigate potential excesses.
• Coordinate with LPG on portfolio management and reporting.
• Co-manage troubled assets with Special Assets colleagues including valuation analysis, amendment approvals and monthly credit reviews.
• Participate in regulatory interactions, communicate regulatory updates to internal constituencies as required.
• Provide support for stress tests, CCAR, and other internal processes.
• Develop skills of junior staff across the organization though training and transactions.

Required Knowledge, Skills, and Abilities

• Unquestioned ethics and excellent credit judgment on non-investment grade credits.
• Knowledge of high yield syndication markets.
• Appropriate risk appetite with respect to size of individual underwritings, overall book of deals, leverage levels and hold positions.
• Commitment to independent views and to be transparent in decision-making.
• Discipline in making appropriate risk-reward decisions.
• Robust collaboration across the firm with a wide range of bankers.
• Ability to manage varied teams that are formed on a deal-by-deal basis.
• Strong influencing and negotiating skills.
• Strong conflict management skills.
• Superior verbal and written communication skills.
• Well-developed time management skills for a high volume of transactions, often with short timetables.
• Constructive approach to regulatory interactions and adherence to regulatory guidance.
• High sense of equanimity relative to competing pressures.
• Current SCO (or external equivalent) approval authority with at least 10 years of experience in credit and structuring.
• Experience in a complex, matrixed organization focused on credit approval, governance, controls, risk management at a top-tier institution.
• Multiple, successful risk management roles over time spanning a range of products, industries and geographies.
• Strong knowledge of corporate finance concepts. Leveraged finance experience strongly preferred.
• Bachelor’s degree required, preferably in business, finance or related field. Master’s degree preferred.
• Excellent oral and written communications skills.
• Capable of prioritizing and multi-tasking in a dynamic, fast paced environment.

Candidates applying for this role must be aware that it is a Certified Role, subject to the FCA and PRA Certification Regime.