Director, CLO Credit Trader
Standard Chartered
London, United Kingdom
3d ago

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. The Role Responsibilities

Strategy

Help deliver the strategic direction and performance of CLO secondary market trading by working with the Asset Backed Solutions desk.

Work with Public and Private Side Sales, Structuring, CIB GB, Structured Finance, CSDG, CMS, Debt Capital Markets, Syndication to execute initiatives to grow CLO Initiatives and trading for Credit Solutions and the broader Global Credit franchise

Awareness and understanding of the strategy and business model of the Group and Global Credit

Maximise total product income by ensuring effective end to end client identification, risk management, service and infrastructure

Work in conjunction with other partners to ensure SCB has a best-in-class offering for Global CLOs in Trading.

Be responsible for risk management of CLO Secondary Market positions including static and market data

Business

Help manage the implementation of Asset Backed Solutions specific strategies and ensure that performance objectives and revenue goals are met and RWA targets managed

  • Increase SCB's visibility by driving commercial, competitive pricing of CLOs for our clients
  • Accountable for setting achievable performance targets relating to business
  • To deepen existing client relationships through regular conversations and by giving market colour
  • To work with Sales / RMs to identify new prospects and client opportunities
  • Provide sales desks with competitive pricing and product support in our endeavour to out serve
  • Collaborate and develop internal relationships by showing axes and giving market colour to sales teams and pricing guidance to DCM and Syndicate on new primary deals
  • Effective risk management of CLO exposures : Timely and accurate tracking of surveillance / monitoring reports, regular internal credit meetings and external meetings with rating agencies, regulatory portfolio compliance and reporting and funding
  • Providing proactive, comprehensive and timely credit analysis to TRM / FI Risk, credit sales and clients
  • Spotting opportunities and providing forecasts and challenging views on markets, assets classes and issuers
  • Responsibility for providing daily prices of fixed and floating rate securities across multiple currencies
  • Preparing written market commentaries, giving details of market developments, new issue pricing levels, relevant rating agency publications etc.
  • Active performance monitoring spot areas of underperformance and take corrective action
  • Processes

  • Ensure adherence to all internal and external regulations.
  • To embed Operational Risk monitoring as an integral part of the business process. Towards this, to effectively carry out the assigned role, if any, under Compliance Risk Management and Operational Risk Management Assurance.
  • Ensure that the business meets its obligations the prevention of money laundering under the Group Policy and Standards and under local laws and regulations.
  • Help ensure that there are appropriate and documented internal controls and procedures in place. Help monitor the operation of such procedures and controls and regularly review them to ensure that they reflect any changes in products, systems, policy and regulations
  • Accountable for helping establish and maintain frameworks to ensure CLO trading, especially EMEA and Americas processes are efficient, appropriate and compliant with all internal and external regulations.
  • People and Talent

    Be part of a transparent and collaborative culture in which incentives are based on support of Client Income with specific performance metrics on the Bank's values.

  • To work in partnership with CSDG, CIB and Credit Solutions teams across APAC, EMEA and Americas to ensure that the CLO product is value additive for clients and the bank
  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
  • Provide effective leadership and management to direct reports and ensure they are highly engaged and performing to their potential
  • Contribute to continuous process improvement and sharing best practice
  • Lead and reinforce strategic change and ensure the organisation structure and people programs are aligned and geared towards supporting change
  • Risk Management

    Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them

  • Embed operational risk management and reporting as an integral part of the business process.
  • Ensure that adequate and appropriate systems and controls are in place to comply with Group and Business policies, procedures, standards and codes.
  • Monitor all major risk issues and concentrations. Where appropriate, direct remedial action and / or ensure adequate reporting to Risk Committees
  • Governance

    Promote an environment where compliance with internal control functions and the external regulatory framework is a central priority of the business

  • Establish, maintain and supervise the framework to ensure business functions under my area of responsibility comply with internal policies, procedures, codes and applicable external laws and regulations and adhere to the expected high standards set out in the FM Code of Conduct
  • Ensure the overall targets relating to budget are cascaded to teams with appropriate product targets and performance delivery on targets is proactively managed
  • Regulatory & Business Conduct

    Display exemplary conduct and live by the Group’s Values andCode of Conduct.

  • Take personal responsibility for embedding the higheststandards of ethics, including regulatory and business conduct, across StandardChartered Bank.
  • This includes understanding and ensuring compliance with, inletter and spirit, all applicable laws, regulations, guidelines and the GroupCode of Conduct.

  • Effectively and collaboratively identify, escalate, mitigateand resolve risk, conduct and compliance matters.
  • Our Ideal Candidate

  • Advanced experience trading CLOs and analysing levered loans.
  • Extensive exposure and knowledge of Fixed Income specifically Credit but also Rates and FX markets
  • Prior sell side or buy side experience trading CLOs, derivatives
  • Excellent communication (written and verbal) and negotiation skills
  • Comprehensive credit analysis using Intex / Moody’s Analytics / Bloomberg / Excel Cash-flow analysis and proactive monitoring of CLOs, identifying industry / regulatory trends and relative value between sectors
  • Advanced experience in analysing CLO documents
  • Advanced understanding of credit risk and securitization risk
  • Thorough understanding and assessment of credit risk across frontier, emerging and developed markets
  • In depth and expert knowledge of BCBS and other regulatory issues affecting securitisation markets
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