IBOR Discontinuation Transition Project – Leveraged Finance
Venn Group are recruiting two contract positions for a global bank aiming to deliver their IBOR-related book of work, relating to interest rates, Risk Free Rates (RFRs), and their replacement ahead of the imminent policy changes at the end of this year.
These positions will be reporting into the Structured Finance Department and this project will be viewed through the lens of the portfolio of Primarily Leveraged Finance assets alongside smaller portfolios of Real Estate Finance, Subscription Secured finance and Structured Credit Assets.
The International Structured Finance Department has a total of 180 financings that are in scope and require change, 16 of which the client will take lead. The Structured Finance department has a loan book of several billion plus a small number of interest rate derivatives.
It is crucial that candidates are familiar with and can evidence knowledge of Interest Rate Swaps, Leverage finance models, and Derivatives. These roles require frequent and direct liaison with Front Office, Loan Capital Markets, Agency Teams, and other departments and stakeholders. In order to facilitate a smooth and efficient delivery across departments and to meet deadlines, candidates should be confident in their ability to collaborate as required.
It is essential that all applicants come from a banking background and demonstrate direct experience delivering LIBOR/IBOR Discontinuation projects, specifically accounting for how this process will influence the related Finance Documents. Candidates must understand the process of booking conventional Loans, as well as the associated Swaps/Derivatives.
IBOR delivery experience is highly desirable, however the bank also welcomes applicants with demonstrable knowledge of project management with wider Loans and Credit sectors.
Candidates must display the ability to manage and delegate workloads between themselves, Front Office, and Project teams, offering support and leadership to others on a structured and ad hoc basis. All roles will involve regular communication between Operations, Audit, Treasury, Credit, Loan, and Finance teams; therefore additional product knowledge would greatly complement any regulatory understanding of IBOR when collaborating with these teams.
Both external and internal communication is required throughout, substantiating the need for individuals with excellent communication skills. Knowledge of how to communicate effectively with stakeholders at all levels and across multiple geographical regions will also be needed, as will the ability to derive and present findings at regular intervals.
To explore these opportunities further, contact the Financial Services team at Venn Group recruitment on 020 7557 7667 and submit your CV to this advert.