Director, Special Situations Trading

Job Description

To provide insightful, relevant, succinct, and timely credit analysis of trading/financing opportunities for Credit Trading.Insightful: Analysis should provide historical as well as forward-looking, focused opinion on the likely development of both business and financial risk elements in relevant industry / geographic context together with a calibrated articulation of key risks and potential mitigantsRelevant: Besides a holistic counterparty assessment, an analysis should comment on structural elements relevant to SCB s existing or proposed financing structure, including security arrangementsSuccinct: While always providing sufficient granularity to substantiate its conclusions and observations, an analysis should present opinion in as succinct a manner as is practicableTimely: Time is of the essence in many cases, so being quick to turn around a comprehensive analysis is critical.Additionally, most Investment Memos and Business Credit Applications will involve the following:

• Facility Structure, Terms and Conditions
• Active partnership with other stakeholders in formulation of proposed Covenants and Risk Triggers

Business

• To support the Global Head of Credit Trading in making sure that credit and financial risk across the various business lines within Credit Trading is analysed and presented in the proper manner.

ProcessesTimely drafting of credit analyses. Such analysis should be Insightful, Relevant and Succinct (see Strategy) and include the following, inter alia:

• Discussion of the dynamics and nature of the credit obligor s industry, including key risk aspects;
• Assessment of the credit s competitive positioning within its industry;
• Discussion of management strength, experience and track record and corporate governance;
• Articulation of the Client s strategy and an assessment of its clarity and associated execution risks;
• Assessment of funding strategy, financial policy, treasury activity (hedging, cash management) and liquidity;
• Development of a current / forward year base forecast performance expectation;
• Assessment of balance sheet strength, alongside cashflow and profitability vulnerability, via ratio analysis and/or stress testing;
• Discussion of other pertinent risk aspects;
• Evaluation of risks associated with proposed transactions, where required;
• Supporting business on structuring deals;
• Documentation support on credit aspects;
• Testing and monitoring covenants & risk triggers;
• Preparation of other analysis as required, such as Industry specific reviews, portfolio reviews, assessments of new prospects etc.

People and Talent

• Support others in the team and within Credit Trading on ad hoc projects and prospective deals
• Continually strive to share key relevant knowledge and learnings with others in the team
• Work closely with other stakeholders, including but not limited to Risk, other parts of Credit Trading and Global Credit Markets, Legal, Operations and Compliance
• Have an inclusive mindset, and align with SCB s desired qualities, and the people culture desired within FM

Risk ManagementIn respect of credits where the role-holder is assigned as analyst:

• Proactive monitoring of key entity or industry wide events and/or developments, as well as of covenants
• and risk triggers where applicable
• Partnering other colleagues in Credit Trading in pursuing their financing strategies through proactive idea generation, support in preparing materials for discussion with Risk and through ensuring they are always fully briefed on key risk aspects
• Partnering Risk through clear presentation of credit analysis and proposed credit grading, as well as
• through proactive and considered discussion of key risk aspects
• Conducting general due diligence in respect of credit analysis
• Acting as a broader point of expertise in respect of credit aspects within Credit Trading

Governance

• Maintaining integrity in analysis is critical. This includes iterative discussion with stakeholders, seniors and other colleagues around initial thoughts, draft analyses, key sector and geographic trends, as well as discussion of covenants, risk triggers and the like. It involves proactive idea generation and discussions around potential business opportunities, assisting both Credit Trading and Risk around proposed transaction structuring and execution, where relevant, and identifying and alerting stakeholders of emerging risk aspects on a continuous basis.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group s Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key StakeholdersInternal Relationships:

• Global Head of Credit Trading
• Credit Trading colleagues
• Traded Risk Management
• Legal, Audit and Compliance, where relevant
• Product partners

Our Ideal Candidate

• Analytical strength to spot emerging risks, in particular forward-looking industry trends.
• Collaborative to work in partnership with other colleagues within the team

Experience & Skills:

• 10 years of relevant credit analysis experience
• Strong analytical ability, focused on the assessment and calibration of credit risk
• Able to hold credible dialogue at all levels of the organisation
• Well organized, able to multi-task and balance competing demands and time pressures
• Familiarity with the loans market is preferred

Educational Qualifications:

• Bachelor s degree
• Sound knowledge of accounting and financial principles gained by experience or qualification
• CFA qualification advantageous, but not required

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Keyskills :
cash flowbalance sheetdue diligenceratio analysisstress testingfinancial riskcredit tradingcredit analysisidea generationanalytical abilitycorporate governance