Wholesale Lending Services (WLS) supports several lines of businesses that include Business Banking, Commercial Bank, Global Wealth Management, and Investment Bank. Credit Monitoring sits within the WLS and provides Credit Compliance Monitoring for the combined Commercial and Investment Bank Loan Portfolio. 

 

As a Credit Monitoring Analyst, you will be responsible for assessing compliance with credit agreement terms. In this role, you will interpret financial and other covenants included in credit agreements to determine whether borrowers are meeting the terms of the credit agreements or are in default. The credit agreements cover syndicated loans and bilateral agreements.  

 

Job Responsibilities

Complete set up of reporting requirements and financial covenants in a wide variety of new credit agreements and other executed documents in the bank system, including Syndicated Credit Agreements and other externally prepared agreementsTranslate legal and structural terms into operational and monitoring requirements for ongoing complianceConduct periodic reviews and continuous monitoring of the borrower’s financial covenants and collateral based on the credit agreement requirementsInterpret complex attorney/externally prepared credit agreements and other legal documents to determine which co-borrowers, guarantors, and other parties to the agreements require set up in bank’s system of record for future covenant compliance evaluation Review documentation and monitor ongoing compliance with financial covenants with bilateral agreements and syndicated loans from different lending institutionsIndependently calculate cash flow, leverage ratios, and required covenant values in accordance with specific terms laid out in credit agreements Perform detailed Borrowing Base calculations and reconciliations for Secured Lending casesValidate collateral documentation such as AR aging, inventory listings, and ineligible summariesCompare executed Credit Agreements to the corresponding Credit Approval and term sheets to verify alignment and report discrepanciesAdhere to the quality control standards that have been set for the process and to service level agreements WLS has with its internal business partnersPartner with Risk, Credit, and Operations teams to resolve discrepancies or clarifications within loan documentation and operation

Required Qualifications, Capabilities, and Skills

Bachelor’s degree in business/accounting preferredThree or more years of experience in Credit Monitoring, Credit Administration, Credit Review, or Loan Operations in Commercial, Business, or Investment BankingProven experience reviewing and interpreting Credit Agreements and Syndicated Loan StructuresMaintain strong knowledge of various facility types, including Revolvers, Term Loans, LCs, Bridge Loans, and Asset-Based structuresWorking knowledge of various facilities structures including Asset Based Lending, Real Estate Banking and Security ValuationUnderstanding of loan products, including documentation, for revolving lines of credit, term loans, borrowing bases, etc.  Strong understanding of facility structures and their downstream operational effects.Excellent attention to detail, accuracy, and risk disciplineStrong verbal and written communication to effectively communicate with various stakeholders and across levelsAbility to work independently with minimum supervision including demonstration of good time managementHigh proficiency in using MS Office tools including MS Excel