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IMI CIB - ABCP Conduit Management - Business Director

Date: Jun 12, 2022

Location: London, GB

Company: Intesa Sanpaolo Group

Intesa Sanpaolo is the banking group leader in Italy. Assisting more than 14,6 milion of retail customers through a network of 5360 branches, it significantly supports the development of Companies and gives an important sustain to the country's growth. The Group has a selected retail banking presence in Central and Eastern Europe, the Middle East and North Africa, with approximately 1,000 branches and 7.2 million customers in 12 countries. Intesa Sanpaolo is also present in 25 countries in support of its corporate customers’ cross-border business. It is looking for new qualify profiles who want to face demanding and challenging career path with the following requirements: IMICIBWO IMICIBEX I-Next

Scope and Purpose

Providing transaction management and structuring support for deals funded via the Romulus Funding Corp. (“Romulus”) Asset Backed Commercial Paper (“ABCP”) platform. Acting as administrator and advisor to Duomo Funding Plc (“Duomo”) the asset purchasing company within the structure. Overseeing the addition of new transactions to the platform and the day to day management of both Duomo and transactions once closed.
In particular, the main duties and responsibilities are:
 Working closely with the Securitisation team in Milan to support the structuring and origination activities relating to new transactions to be financed by the ABCP Conduit.
 Taking ownership of the process to close new transactions in to the platform.
 Working with the local team to insure Duomo satisfies its daily obligations in terms of funding client transactions and managing its borrowings from Romulus in accordance with program documents and rating agency criteria.
 Reviewing and amending existing structures to assure the team continues to deliver the best offering to its clients and in line with regulatory and bank requirements.
 Interfacing with the ABCP Conduit Management team in New York regarding transaction funding and associated ABCP issuance / Hedging activities.
 Preparation of various reporting to assure compliance with program and rating agency requirements along with certain accounting and management reporting.
 Communicating and coordinating activity with the Head of ABCP Conduit Management along with local senior management and senior management in Milan.
 Liaising closely with various internal departments such as Administration, Finance, Audit, Risk Management, Operations, and Compliance (Milan, London & New York) to provide information relating to Romulus/Duomo and address any regulatory, accounting or operational issues or questions that may arise.
 Liaising closely with other third parties to assure the ongoing operation of the platform (i.e. Rating Agencies, Lawyers, Accountants, Directors and Investors) and to successfully close new transactions in to the program.
 Maintaining an up to date understanding of the developing Regulatory and Legal environment facing the Securitisation industry. Working alongside the Head of ABCP Conduit Management to assure the conduit platform remains compliant with all requirements.

Required Experience

At least 3 - 5 years’ experience of structuring and/or managing transactions financed through an ABCP Conduit or experience working in a directly related role (i.e. Rating Agency, Legal Firm) or general Securitisation structuring.

Competencies Required

 Bachelor degree in Finance or Economics
 Proficient with Microsoft Office package (strong Excel skills)Fluency in English, in Italian is a plus
 Enhanced numerical and quantitative skills
 Advanced analytical and problem-solving skills with a keen attention to detail
 Strong time management and organisational skills – ability to undertake, and prioritise, work across numerous areas simultaneously.
 Ability to work under tight deadlines
 Good understanding of the Asset Backed Commercial Paper markets and Securitisation product.
 Ability to progress and lead a transaction from introduction, to execution of documentation and drawdown - including but not limited to:
o Review and negotiation of Legal documentation
o Presentation of transactions to rating agencies for approval
 Right to work in UK
 

 

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