Analyst/Associate - Securitization

Crédit Agricole Group; New York (NY); On-site; USD 100,000 - 140,000; Full time

Job summary

Crédit Agricole Group in New York seeks a credit risk professional to participate in execution and management of securitization transactions and ongoing funding in asset backed structures.

You will prepare analyses and models across asset classes, coordinate with the credit department, and support client interactions and due diligence throughout the transaction lifecycle.

Responsibilities

• Prepare credit analyses and financial models for portfolios across asset classes; coordinate with the credit department.
• Contribute to structuring and execution of securitization transactions in ABS markets and with new transactions as needed.
• Negotiate key terms with clients, lawyers, other banks, and external parties.
• Monitor transaction performance; alert Transaction Manager on covenant non-compliance.
• During renewals, prepare cash flow models to confirm ratings and audit client models.
• Prepare client presentations and pitch books as required.
• Participate in on-site due diligence and client visits.
• Participate in special projects as required.
• Coordinate and execute transaction booking processes.

Job description

Summary

Participate in the execution and management of existing transactions along with aiding in the implementation process of new transactions (as required) funded in the Asset Backed Commercial Paper conduit and bank's balance sheet.

Key Responsibilities

• Prepare credit analysis including financial modelling of underlying portfolio performance as well as financial modelling across a variety of asset classes (auto loan and lease, trade receivables, aircraft leasing, etc.) along with coordinating the credit process with the credit department


• Participate in the structuring and execution process of existing securitization transactions funded in the term Asset Backed Security or Asset Backed Commercial Paper markets and with new transactions (as needed)


• Participate in the negotiation and liaison of key terms with external parties including clients, lawyers, other banks, etc.


• Monitor key transaction performance trends on an on-going basis for the existing conduit book and alert the related Transaction Manager when any issues arise with respect to non-compliance of a transaction covenant


• At Transaction Renewal, prepare cash flow model to confirm rating attachment, maintain and audit client models on an ongoing basis for assigned deals


• Prepare presentations and pitch books for clients as required


• Participate in on-site due diligence reviews and client visits as required


• Participate in special projects as required


• Coordinate and execute the transaction booking processes

Management and Reporting

Report to the Transaction Managers

Counterparties and Clients

Develop and maintain relationships with peers in other organizations and within CACIB as well as with clients of the bank.

Communication

Key Internal Contacts

• Strong interaction with the relevant client coverage teams


• Credit Department


• Internal Legal Department


• Internal Compliance Department


• IT and Project teams

Key External Contacts

• Clients


• Law firms


• Other banks


• Rating Agencies


• Auditors

Systems Used

Internal

• Microsoft Office (Word, Excel, PowerPoint), SIS, Phidias, ClientLive, Risk Portal, Galaxy (Cosmos, Legos, Comet, Altar)

External

• Bloomberg, rating agency websites, EDGAR, etc.

Legal and Regulatory Responsibilities

• Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the US. Compliance manual and Compliance policies and procedures as issued from time to time. Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.

Salary Range

$100k-$140k