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General Information

Ref #
111111111114117
Country
Australia
City
Sydney
Contract type
Permanent
Professional Family
F03 - RISK
Required experience in the field
Experienced

Description

Business Area/Dept Overview

The RISK Corporate Securitisation (“RCS”) team, part of RISK Securitisation, within RISK Corporates is a transversal team responsible for:

  • Analysis of new activities and exceptional transactions that use securitisation structuring technology, primarily but not exclusively generated by the CIB Capital Markets business line.  
  • Upon accreditation, exercising Credit Delegation or Right of Concurrence for securitization activities and certain other SPV counterparties structured using securitisation methods.
  • Representing RISK in Capital Markets Underwriting activities and other approval forums.
  • Developing and maintaining relevant governance frameworks for risk management of Capital Markets activities in scope, including CIB Portfolio Management and to represent RISK in the relevant approval committees. 

 

Job Purpose

Purpose: 

  • Act as prime point of contact on behalf of RISK Corporate Securitisation covering the AFS APAC & Australia activities.
  • Contribute to RISK’s mission to act as an effective and independent 2nd LOD for the activities of AFS APAC & Australia.. 
  • Undertake holistic risk analysis, and exercise RISK delegation within decision making forums.

 

Scope: 

  • APAC activities of Asset Finance & Securitisation in APAC & Australia/NZ, and other Business Lines such as Balance Guaranteed Swap Trading within Primary & Credit Markets of Global Markets, and from time to time other Business Lines within CIB or BNP Paribas poles and metiers, when RCS is required to either consider credit approval or contribute towards the risk on-boarding decision process for exposures involving securitisation technology or securitised assets.

 

 

Core accountabilities of role

Specific responsibilities of a Director, Senior Securitisation Risk Officer:

  • Provide strategic and operational implementation steer to the AFS Business, in their endeavour to set up the financing activities in Australia (Risk appetite/business development, infrastructure/frameworks/governance and operational perspective).    
  • Undertake holistic assessment of Credit Requests covering all relevant topics: e.g., a.o., regulatory capital compliance, strategy, rationale, fit with bank’s risk appetite, risks including a.o., market, credit, economic, funding, liquidity, operational, reputational, ESG/CSR, jurisdictional, structural risks, stress testing,  profitability, internal rating (IR) and global recovery rate (GRR).  
  • Perform Annual/Periodic reviews in line with Bank’s risk management framework.
  • Exercise Credit Committee delegation/present RISK Opinon and Recommendations to Credit Committees.  
  • Perform all necessary RCS credit approval process related roles (i.e. prepare agenda and minutes of credit committees, ensure committee approved regulatory capital parameters and limits are recorded timely in appropriate systems, and disseminate decisions timely).   
  • Undertake timely and effective escalation to management, adverse risk evolutions at transaction or portfolio level, and other relevant matters concerning compliance with the policies and procedures of the bank. 
  • Maintain and develop professional relationships with the Business Lines in scope, as well as key stakeholders and contributors across Functions. 
  • Undertake ad hoc management responsibilities as may be delegated from time to time, including coaching and training future team members.

 

General Responsibilities include active contributions: 

  • To the application, adaptation and continuing improvement of the credit decision processes and policies and procedures framework, and ad hoc projects.
  • To RISK Corporate permanent control framework and to Corporate Clients continuum initiatives
  • To data quality and to the monitoring of operational risk :
  1. improving data quality via ensuring the accuracy of key risk parameters (counterparty ratings, GRRs, use of the relevant policies) in minutes & other relevant/applicable systems, and by prompting Business to follow on corrective actions
  2. communicating to RISK ORM CIB any operational risk incidents (potential fraud, breach of security package, documentation errors…)
    • To the continued enhancement of RISK Corporate and RCS monitoring  and anticipation capabilities i.e.: 
  3. detect potential threats on the portfolio that falls under his/her responsibility (sectorial/product/country levels, concentrations,…) and identify files for Watch Listing
  4. contribute to produce dedicated portfolio reviews on Securitization perimeter when requested
  5. contribute to exposure monitoring process (e.g. any periodic securitization risk reports, …)
  6. contribute to Risk & Development Policy Committees/RISK Appetite Statement/Strategic Risk Reviews 

 

 

 

 

 

 

 

 

 

Knowledge, Skill and Experience

Technical experience and skills for VP level hire (Level: Proficient to Expert):

  • Experience in contributing to/advising 1LOD in the set up of new activities.
  • Strong securitisation risk assessment experience (credit, market, counterparty, liquidity, etc).  Experience to have been gained from securitisation activities at large banks active in securitisation in the Australia/NZ market (essential) and APAC including PRC & South Korea (Preferable.) Rating Agencies experience would also be ideal. 
  • Expertise transversally across a wide range of Securitised Products (ABS, RMBS, CMBS,     Warehouse financing, securitisation swaps*, originating platforms, including NBFI & Fintechs and
  • …. asset classes (resi, including small ticket CMBS, consumer unsecured, CRE, auto, equipment financing, with substantial subject matter expertise and experience in the following three asset classes would be a must (residential mortgages, consumer loans, auto loans).
  • Exercising Credit Committee Delegation. 
  • Autonomously managing end-to-end transaction review process, including negotiating with the 1st line of defence stake holders.
  • Demonstrated experience in running multiple live transactions simultaneously.
  • Review of transaction term sheets; financial covenants, loan documentation, corporate balance sheets and financial statements.
  • Experience in undertaking client Due Diligence visits, and producing DD reports, including strong appreciation of the Non Financial Risks inherent within platforms.
  • Familiarity with alternative forms of financing including via repo or collateral exchange.
  • Strong experience in practical application of relevant regulatory capital regime for securitisations. 
  • Strong experience in practical application of Rating Agency criteria and methodology for rating securitisation transactions in a broad range of asset classes.
  • Strong experience interrogating Stress Testing models.
  • *Securitisation swaps: Interest Rate Swaps, Cross Currency Swaps, Caps; Securitisation derivatives (including balance guaranteed swaps with good understanding of prepayment risk management techniques). 


 Behavioural (Level: Proficient or better):

  • Comfortable working autonomously, and under own initiative, with immediate line management in different timezone.
  • Working under high pressure and to tight deadlines; prioritisation skills.
  • Good interpersonal and relationship building skills at multi stakeholder level
  • Focus on client/commercial/risk sensitivities and risk reward balance. 
  • Critical thinking and sound judgement. 
  • High degree of ethical standards 
  • Self-starter; high levels of initiative and ownership; with an innovative spirit and technological-solutions based mind-set.