Global investment bank seeks a VP level Credit Sanctioner to focus on a CMBS portfolio.
The team that was established to provide a globally consistent approach to risk management of structured transactions across asset classes within the bank.
The team assumes overall responsibility for the assessment, approval, monitoring, review and challenge of Structured transactions globally. In line with hybrid nature of the underlying risk, the team draws upon complimentary skill sets from both- Credit & Market risk, in addition to aspects of Counterparty Credit
Overall purpose of role
The role, based in London, is a Vice President position on the CMBS credit sanction team covering UK and
The CMBS credit sanction team is responsible for the analysis, approval and monitoring of securitization
transactions, including exposures to both pre and post securitization collateral pools, risk retention facilities,
securitization derivatives and liquidity facilities.
The candidate will require a detailed understanding of securitization approaches and analysis techniques across
assets classes and jurisdictions, including related documentation. Knowledge of applicable rating agency
methodologies is essential, including core assumptions and limitations. The candidate is expected to have
working knowledge of applicable regulatory frameworks, including with respect to the calculation of Risk
Weighted Assets across banking and trading book frameworks, SRT and balance sheet de-recognition
The role comprises initial transaction analysis, review and sanction, in addition to post sanction monitoring,
annual review and excess/exceptions management. The candidate will be required to hold and exercise credit
The successful candidate will be in regular communication not only with line management and immediate peers
in other areas of Risk (e.g., Counterparty Risk, Market Risk, Country Risk and Portfolio Risk), but also with
stakeholders in the Front Office and other Functions.
Effective risk management (evaluation of risk/exposure management) of credits within the CMBS asset
class asset and related financing activity, including conduit, large loan, and CRE CLO warehouse
Prudent and appropriate use of delegated discretion to approve the granting of credit approval in
accordance with Bank policy.
Ensuring continued growth of the business without incurring unmanageable risks.
Engage in assessing and making recommendations of proposals received from business
Stay current with financial analysis and risk profile of the assigned sector, borrowers, and
Alerting senior management to negative developments and trends within the assigned sectors and
Maintain data integrity of appropriate Credit Risk systems and ensure they reflect the approved
Continuous development of product and industry knowledge through research, contacts, and
participation in seminars.
Stakeholder Management and Leadership
Liaise with support functions across Investment Bank and Corporate Bank where appropriate for Legal,
Compliance, Operations, etc. in support of approval and managing the credit risk associated with each
Bachelor's degree in Finance/Economics or Real Estate related discipline.
Experience in credit risk or relevant experience, preferably gained at a major institution or rating agency,
covering both Investment Grade and Leveraged and/or Sub-Investment Grade clients in the Real Estate
Experience across core Commercial Real Estate sub-classes (e.g. office, retail, multifamily, lodging and
industrial) including knowledge of fundamental bottom up Commercial Real Estate underwriting,
valuation metrics, including assessment and sizing of relevant reserves, review of lease profiles,
renewal risks, cap rates, market trends, and leading / lagging credit indicators.
Strong background in CMBS and/or Middle Market Commercial Real Estate underwriting experience.
Formal Credit training from a major institution preferred.
Knowledge of key rating agency approaches and criteria.
Understanding of corporate finance and banking products, related markets, documentation and
Strong analytical skills with attention to detail.
Strong interpersonal, verbal and written communication skills, and have the ability to clearly articulate
complex concepts and ideas.
Possess a high degree of self-motivation, the ability to drive for results, and track record of setting and
achieving goals and meeting schedules.
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.