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Associate Director

Employer
Standard Chartered Bank
Location
London, United Kingdom
Salary
Competitive
Closing date
Feb 4, 2023

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Job Function
Operations
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job description
To join the Transaction Management team working on documentation with institutional investors, banks, insurance companies, governments and multinational corporations. Transaction Management offers a wide range of documentation experience and management skills for Syndicated Lending and Agency services. The role will require the candidate to work with various internal stakeholders and external vendors in developing documentation standards throughout CCIB and Corporate Finance. The role will require documentation support for various regions from Latin America to Asia for the management and development of Transaction Banking and Agency lending products.
Key Roles & Responsibilities
  • Perform deal and structure review, negotiate with clients on draft documentation such as lending agreements, account bank, escrow agreements, security documents and any other related documents that are required within the structure. This review will need to be in accordance with the bank's policies, TMG ORF and market standards.
  • Provide quality documentation support and advice regarding our legal appointments for relationship managers, transaction banking, GSAM, commodities, structured trade finance, project & export finance, structured finance, syndications, shipping finance, aircraft finance Islamic finance and any other business team as and when required.This isfor all transaction banking, agency and security trustee appointments.
  • Liaise directly with the origination teams, external and internal legal counsel and customers to discuss documentation requirements from both a documentation and business perspective to advise those parties of our drafting requirements.
  • Support drafting standards, regulatory requirements, mitigate performance risk through documentation solutions,support client opportunities, ensure that problems are managed with adequate communications, manage any root-cause analysis to improve documentation standards and further improve the way in which we work through cost effective and documentation improvements.
  • Ensure that all actions of the documentation are effective understood and operationally managed thereby creating a robust end to end process in accordance with the TMG operational risk framework and markets standard requirements for that product.
  • Ensure that all draft documentation contains our full drafting riders and all our agency protection provisions. To further escalate all breaches towards the Global Head of the Transaction Management Group.
  • Key responsibilities will be the management of all Transaction Banking products and secondary will be our other products.
  • Manage security trustee roles by reviewing the security documentation, security releases, intercreditor arrangements and any enforcement of security as instructed by the secured parties.
  • Always maintain independent control over the documentation to ensure that all documentation is drafted in such a manner to protect the agent bank and the external risk takers by ensuring we have independent management within the documentation. The role will require the candidate to further be mindful of the documentation requirements versus the management of Standard Chartered client's relationships.
  • Ensure that all information and relevant systems are managed through our compliance wall thereby supporting our legal appointments as the intermediary bank and trustee that is between the client and their own risk takers. All communications must be kept within the private side of the bank for compliance and confidentiality reasons.
  • Assist with the management and safekeeping of any original documentation within our original documentation procedures.
  • Proactively manage all day to day transaction issues within the documentation on new or existing clients within the portfolio by offering operations support that may be needed during the life of any transactions.
  • Resolve documentation challenges with the customers and their relationship managers in order to introduce suitable solutions for all parties through documentation amendments or waivers.
  • Review and communicate all waiver and amendment requests in accordance with the documentation requirements. Manage all client requests with the secured creditors by ensuring that we have received the right voting rights or supporting information before we arranging to execute any documentation changes.
  • Arrange and host client or lender meetings as required by the lenders regarding these documentation breaches, defaults or amendments either through conference calls or client meetings. Take active ownership of any distressed clients by managing their workout requirements, restructuring conditions, reserving rights, additional security, suspense accounts, trustee management and any required enforcement of the underlying security package. Manage all distressed client requests by working with GSAM and the secured creditors.
  • Prepare a deal summary, workflow diagrams and manage a handover meeting for the appropriate administration team by ensuring that a general operational overview of the transaction was given, and further areas of risk were highlighted. Within these meeting also ensure that any operational risk, key dates, monitoring or reporting requirements were discussed as well.
  • Develop any administrative and operational procedures to ensure that we are in compliance with SCB's policies and the any underlying requirements within that product.
  • Manage all transaction closings by ensuring that all conditions precedent and conditions subsequent have been satisfied within the documentation by arranging closing calls and communications towards all parties. Ensure that if the transaction has any additional conditions precedent or requirements for future drawings that these conditions are discussed and highlighted to the appropriate administration teams within these handover meetings.
  • Coach and guide our administration teams in their management of these client transactions by developing documentation knowledge and skills within the department and bank.
  • Handle any other responsibilities such as ongoing product development, managing the development of any new products and ensure that we deliver our client opportunities.
  • Participate in client events, market training and review market publications to provide feedback and assistance in all areas of the Transaction Management team by communicating customer requirements, market trends and any developments area to ensure that the team is sharing knowledge and enhancing the way we work to remain competitive within the market.
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.
  • Lead to achieve the outcomes set out in the Bank's Conduct Principles
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key Stakeholders
Transaction Banking, Corporate Finance, CSDG and Trade Finance
Role Specific Technical Competencies
  • To have LMA Legal documentation experience across different types of facility agreements
  • To be able to review LMA security documentation or any other associated document related to the transaction
  • To manage and deal with internal stakeholders
  • To manage and deal with external legal counsel
  • To have a minimum of 5 Years experience in relation to the above
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  • In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
  • Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
  • Flexible working options based around home and office locations, with flexible working patterns
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers

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