PERM - SPD - Execution, Structuring & Marketing (NAV Finance) - AVP

Who we are

United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.

Role Summary

• To provide support and work on the origination, structuring and execution of NAV Facilities to Private Markets Funds across EMEA.  The role will focus on execution and management of NAV facilities on the internal systems and will also give exposure to product knowledge on legal documentation, underlying asset risk, selected client coverage and complexity of private funds structures.  
• To participate in risk assessment and coordination across key risk stakeholders such as Credit.
• Executing NAV facilities require to work in conjunction with SMBC Group to execute the transaction, extensions or waivers in partnership with credit, operations, LCMX, legal.
• The role will include the work towards product approval within other jurisdictions, including SMBC EU Frankfurt, Brussels, Paris and Dusseldorf with extensive interaction with control functions across EMEA.

Business Area

• Based in London, this role is part of the NAV Financing team of Specialised Products Department comprising NAV Financing, Leverage Finance, Subscription Finance and Real Estate Financing.  NAV Facilities on different strategies (Secondaries, Buyouts, Infrastructure or Real Estate) will have typically been originated in the first instance by asset teams within SPD or ISD, including the Sponsor Coverage Group.
• The primary objective is to focus on the execution of such facilities while being exposed to the proposals, structuring and negotiation of NAV Facilities. The role will have to integrate within the structuring the economic assessment of the facilities and risk appetite framework.
• The candidate will work towards acquiring in depth credit/financial/legal/risk analysis to be undertaken and presented both within SPD and to Credit Department. The legal side of the facility will be supported by LCMX and the legal team to ensure facilities are following internal policies and key decisions to be highlighted to front office.
• The role also involves the proactive development of client / borrower relationships to identify and execute new business opportunities for other teams such as derivatives, FX or other lending offices.
• The target client list will operate and be based throughout EMEA and will typically be global clients. This will require interaction with SMBC personnel and offices around the world

Position Description

• In charge of entering all the required steps within the systems in order to execute a new facility or amend an existing facility including monitoring the required approvals and work flow from the different teams within and outside SPD: grading facilities, KYC of the borrowers and guarantors, Credit approvals and Operations. The candidate will be required to have a good comprehension of internal processes.
• To get familiar with the structure of funds and evaluate the most appropriate security structure (pledge over bank accounts and borrower equity, and/or underlying asset equity, security coverage, partial or total guarantee, ECL, etc).
• Understand the key risks in the underlying assets or portfolio with a close cooperation with the assets specialists (Leverage Finance, Infrastructure, Real Estate) and understand why the covenants and repayment scheme are appropriate.
• Communicate clearly well in advance with Credit officer and legal specialists in LCMX or legal team on the structure and underlying risks to achieve the best possible outcome in the negotiation with the borrowers. In parallel to ensure the transaction is well received by the deciders towards a smooth execution.
• To work closely with members of the team to focus on execution and coordination between the different teams, ensuring all internal processes are run efficiently.
• To participate in the execution of waivers and restructuring of existing deals and make sure all data are up to date for reporting and portfolio management.
• Acquisition and understanding of internal processes for execution and maintenance of facilities.
• High ethical/professional standards in delivering a high quality of output.
• Rigorous understanding of credit, investment and financial analysis and their application in investment decisions and transaction structuring.
• Solution focused with proven business judgement and high ethical and professional standards.
• Proven track record on conflict resolution and ability to participate in teams.
• Very good oral and written communication skills in English to communicate complex proposals.
• Networking skills, and ability and endurance to materially help manage transactions through to their conclusion.

Competencies

What we offer

For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.

As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:

• Hybrid and flexible working 
• Competitive paid leave days
• Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance 
• Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services  
• Access a wide range of learning and development opportunities and career progression opportunities 
• Ambitious remuneration package

So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!