Senior Associate, Credit and Structuring

  • Competitive
  • Ankara, Yildiz, Turkei
  • Festanstellung, Vollzeit
  • ITFC - International Islamic Trade Finance Corp
  • 16 Aug 17

The Associate Credit Manager will be required to evaluate trade finance proposals and conduct detailed due diligence, credit and financial analysis, risk scoring, and produce a risk-focused Credit Memorandum (CM) to support sound credit decisions under the guidance of an experienced Credit Manager. He will contribute to the formulation of credit recommendations on structured transactions including structured transactions. This will include assessing the credit risks as well as risks associated with commodities, identifying optimum ways to mitigate the risks in a manner that safeguards ITFC’s interests.

This role requires entry-level Credit Professional with responsibilities to undertake thorough financial and credit risk analysis in trade finance transactions and devising suitable structures and security packages to mitigate those risks.

Key Responsibilities:

Core Responsibilities:
• Performing credit evaluation on structured trade finance deals for corporate clients and SMEs (secured & unsecured), Banks & Financial institutions by conducting detailed due diligence including financial, business and structure risks under the guidance of the Credit Manager.
• Contributing to the preparation of the pre-deal document including financial spreading and initial counter party risk rating, in accordance with eligibility criteria to seek department clearance on the proposed financing structure and contribute to the preparation of the initial terms & conditions (IT&C)
• Supporting Credit Manager(s) in obtaining all business, financial and any other related information, in coordination with the concerned Relationship Manager and other concerned staff (i.e. Legal, Operations, Middle Office…etc), to enable comprehensive risk assessment and formulation of sound credit opinion on the client
• Under the guidance of Credit Manager(s), assigning counter party risk rating - Probability of Default (PD) and Loss-Given Default (LGD), recommending exposure limits and appropriate security and covenant packages, devising sound and robust financing structures on complex trade transactions including structured finance, and assessing proposed collateral while ensuring compliance to the relevant policies & guidelines
• Supporting the Credit Manager(s) in the preparation of credit memorandum, jointly with Relationship Managers and other concerned staff, for corporate clients & SMEs (secured & unsecured) Banks & Financial institutions and providing write-up for the credit analysis sections highlighting associated business, financial and structure risks, financing structure, proposed collateral, risk matrix as well as risk rating and exposure limit
• Under the guidance of Credit Manager, recommending Collateral Managers and Insurance providers, in coordination with Middle Office, and reviewing related documentations including collateral management agreement, insurance policies and other security documents in order to ensure complete transaction security
• Supporting Credit Manager(s) in monitoring ITFC portfolio (Corporate clients, SMEs, Banks & FIs) and performing periodic credit review in support of operation rollovers and revolving and reporting any deterioration in financial standing of the clients, collateral value, business and country risk for appropriate credit decisions
• Supporting Credit Manager(s) in building and maintaining strategic partnerships with collateral managers and insurance providers for the respective markets; and in collaborating with Middle Office on execution of structured deals.
• Ensuring required files and data and created and regularly updated on ITFC IT systems i.e. IMAL and others

Key Performance Indicators

• Number of deals supported i.e. Structured/Unsecured/Credit Insured/FIs/SMEs
• Turnaround Time in submitting deliverables
• Quality and Accuracy of deliverable

• Suitability, practicality and security of the solutions provided
• Compliance with ITFC Policies & Guidelines

KNOWLEDGE, SKILLS & COMPETENCIES

Educational Qualifications

• Bachelor’s Degree from reputable University in Business, Finance, Accounting or Economics
• Graduate Degree from reputable University in Business, Finance, Accounting or Economics preferable

Certifications

• Having a formal credit training/certification from a commercial bank will be an advantage

Functional Competencies

• Credit Analysis – Advanced
• Writing skills – Advanced
• Financial Analysis – Advanced
• Knowledge of Risk Rating Software / Models – Advanced
• Banking Market Understanding – Advanced
• Trade Environment – Advanced
• Due Diligence Process – Advanced
• Portfolio Management and Follow Up – Advanced
• Business Acumen – Advanced
• Knowledge of Islamic Banking and Finance – Intermediate

Behavioural Competencies

• Engage Customers – Applying
• Work as ‘One-Team’ – Applying
• Communicate with Others – Applying
• Drive for Results – Applying
• Serve with Respect & Compassion – Applying

Language Skills

• English is compulsory
• Arabic or French is an advantage

Years of Experience

• For under graduates: Minimum 8 years overall
• For post graduates: Minimum 4 years overall

Nature of Experience

• Prior experience in credit assessment
• Prior experience with Structured Trade Finance products is plus

KEY INTERACTIONS

Key Internal Contacts:

1. Country Managers
2. Risk
3. Treasury
4. Legal
5. Middle Office

Purpose of Interaction:

1. To coordinate aspects of client relation and finance transactions
2. To ensure adherence with ITFC’s risk guidelines and policies
3. To assist in resolving technical queries that participating banks may have
4. To coordinate the legal documentation for structured transactions
5. To coordinate aspects of disbursement on structured deals and subsequent follow up process

Key External Contacts:

1. ITFC Clientele
2. Collateral Management Firms
3. Insurance Companies
4. Brokers and Trading Houses

Purpose of Interaction:

1. To evaluate business prospects recommend deal structures. In addition, to coordination and follow up during the implementation.
2. To manage collateral and evaluate the commodity risk associated with transactions, as well as secure complete documentation
3. To examine the coverage and suitability of Insurance policies for structured transactions
4. To participate in aspects of the liquidation process