DCM Operations Transaction Manager at Investec

Description

New transactions/re-financing:

• Implementation of new transactions: working closely with various teams across the bank , front office structurers and arrangers, the appointed attorneys, rating agency, and JSE
• Data collation and preparation of scenarios on new and existing deals, while taking into consideration various criteria and variations required within the required timelines
• Scrutinise existing/new data sets for completeness and reasonability
• Data analysis, rating agent liaison, and assistance with preparation of roadshow presentations
• Execution of the operational aspects of the legal agreements with regards to all relevant processes associated with the deal. Clarification of interpretations where required
• Project managing the process of re-financing of term notes and/or tap issues, in conjunction with the arrangers and servicing team
• Working proactively with the relevant teams with the timelines agreed, to provide clear and concise information/feedback
• Automation of various functions/analysis calculations/processes

Maintenance of existing transactions:

• End-to-end ownership of allocated transactions which includes engaging with all internal and external stakeholders, understanding the economics of the transaction, legal structure, regulations, monitoring of portfolio covenants and triggers, cashflows, hedging, expenses, accounting, capital treatment, liquidity management, reporting and timeous filing
• Engagement with the internal and external stakeholder which includes but is not limited to: Servicer Liaison team, accountant, IEB, risk, swaps desk, arrangers, distribution team, SPV directors/trustees, rating agents, investors, auditors, company secretarial
• Economics: asset yields, funding rates, swap rates, expenses, credit enhancement, excess spread, monitoring trends
• Legal structure: Knowledge of legal set-up, events, triggers, and implications. Ability to monitor, pre-empt, and advise
• Regulations: Compliance with securitisation and/or commercial paper regulations
• Portfolio covenants and triggers: Calculating and reporting as well as monitoring trends and advising on the corrective action to be taken
• Cash flows: set up of bank accounts, analysis of excess spread, calculating cash flow waterfalls and preparing payment instructions, following up on payments made, monitoring of the movements on the bank accounts
• Hedging: Monitoring interest rate swaps, rolling and settlement
• Expenses: Accrual management and expense control of trustee fees, rating agency fees, auditor fees, listing fees etc
• Accounting: Reviewing monthly management accounts and preparing annual financial statements for allocated SPV's
• Capital treatment: Periodic calculation of on- and off-balance sheet regulatory capital
• Liquidity management: Facility renewal legal process, providing information to facility providers, monitoring of liquidity levels, fee calculation and payment
• Reporting: Preparing internal and external investor reports, servicer reports, rating agent pool data reports, SARB submissions

Experience, skills and capability

• Qualified accountant, CA(SA) preferred
• Coding and/or robotics experience an advantage
• Relevant securitisation or debt origination experience an added advantage
• Proven application of advanced Excel skills (with VB an added advantage)
• Proven ability to drive change and innovate
• Ability to improve existing procedures/process
• Stakeholder management and team player qualities
• Methodical and detail-oriented, produce high quality output