PERM - SPD - OG2 - Joint Venture Programme Manager, Leveraged Finance Portfolio Management, VP
London, LND, GB, EC2M 2AT
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
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
Is the next step in your career at SMBC Group EMEA? We’re looking for a Programe Manager - Vice President to join our Leveraged Finance, Portfolio Management Team within Specialised Products Department (SPD).
As part of an established Centre of Expertise, the role is to ensure the effective, pro-active management of existing and new Structured Lending Joint Venture (JVCo) Programmes that form part of the overall SPD Structured Lending Programmes strategy.
Working closely with the Team Leader, activities will include: i) the handling of associated JVCo Programme related amendments, ii) regular and ad hoc JVCo Programme Reporting, iii) Interaction with key senior External and Internal JVCo Programme partners / stakeholders; iv) Ad hoc JVCo Programme matters, and iv) from time to time, active involvement in a) managing / reviewing the underlying European Leveraged Loan assets in conjunction with deal teams / existing OG2 Account Managers and b) projects across OG2.
The role:
- Requires in depth credit / financial / risk/ legal / operational analysis to be undertaken and presented both within SPD and to key internal stakeholders, such as Credit Department, mainly on a Programme related level but also from time to time from an underlying asset perspective.
- Involves the proactive development of JVCo Partner relationships to ensure the programmes are managed effectively.
- Requires ongoing / close interaction with and reporting to key stakeholders, particularly Credit Department, SPD Management, OAD (Back Office) and Middle Office.
We are looking for a candidate with:
- Strong industry knowledge and understanding of European Leveraged Finance market including trends and developments.
- Extensive credit risk analysis skills and expert judgement gained through exposure to European Leveraged Finance transactions including i) high level of expertise and understanding of deal structures and legal documentation, ii) strong credit / risk analysis skills with an ability to analyse / interpret Financial Statements, Financial Due Diligence, forward looking financial data (Budgets. Forecasts, Projections etc.) and other financial information and iii) Cash Flow modelling skills with sound knowledge for Excel
- A Team Player with strong Communication & Organisational Skills - with both internal and external stakeholders - and both written and verbal to enable clear and concise written and verbal presentation of Programme related matters and underlying European Leveraged Finance transactions with an ability to manage multiple workstreams and adhere to deadlines.
Business Area
This new role sits within the European Leveraged Finance Portfolio Management Team (Origination Group 2 (“OG2”)) of Specialised Products Department where the OG2 team of 45 manage SPD’s c$8.2Bn+ portfolio of c178+ leveraged loans.
Part of a Team of up to 12 people based across London, Frankfurt and Paris who currently manage as a Centre of Expertise, the 2 existing JVCo programmes and the ca30 underlying European Leveraged Loan Assets that sit within these programmes. The New JVCo Programmes whilst being sized are expected to have up to ca60-70 underlying European Leveraged Loan Assets.
Reporting into the Team Leader/Executive Director, Group Head / Managing Director and SPD Management.
Position Description
JVCo Programme Management: Responsibilities will include i) handling of associated JVCo Programme related amendments, including the negotiation of terms internally with Credit Department and externally with JVCo Partners, ii) regular & ad hoc JVCo Programme Reporting to key stakeholders including SPD Management, Credit Department and JVCo Board Members & iii) dealing with various ad hoc JVCo Programme related matters.
Underlying Asset Management: From time to time, subject to capacity, active involvement in managing and overseeing a portfolio of European Leveraged Loan assets. This will involve working closely with existing Account Managers in leading the Bank’s interaction and relationship with the borrower’s Management team, conducting in depth financial / credit analysis of transactions and the preparation of Credit submissions for i) new transactions; ii) amendments / waivers on existing allocated portfolio accounts; and iii) add-on / re-financing opportunities on existing allocated portfolio accounts.
Relationships: Along with the Team Leader / ED responsible for developing / enhancing the external relationships with the JVCo Programme Partners to ensure the effective development & management of the JVCo Programmes. Internally, regularly working with Sponsor Coverage and Orgination (OG1), Portfolio Management (OG2) and Structured Lending Programmes teams within SPD plus ongoing liaison with key stakeholders such as Credit Department, Loans Administration (Back Office) and Middle Office teams, to ensure satisfaction of all internal approval, booking and operational requirements necessary under the Programmes. Building appropriate internal networks as required.
Management: Whilst no direct reports day 1, the role includes supporting the Team Leader in reviewing activities and providing leadership and guidance for more junior members of the team: i) sharing experience / best practice on JVCo Programme related matters, to assist with their development, which in turn will help improve / strengthen the knowledge of the team and ii) on leveraged finance workflows.
Compliance: with all regulatory and internal policies and procedures, regulations and guidelines.
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!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.