Receivables Finance/Securitization Product Specialist – Global Transaction Banking Associate

Receivables Finance/Securitization Product Specialist – Global Transaction Banking Associate

Requirements

• 2+ years of experience with Receivables Finance / Securitizations deals.
• Experience with receivables monetization structures such as factoring, repos, and securitization, and the corresponding S&P methodologies.
• Experience with the legal execution and design of receivables purchase agreements and/or other legal documentation; to facilitate the sale, perfection, or financing of receivables and/or other assets.
• Understanding of the Uniform Commercial Code in the US and legal perfection in a variety of geographies.
• Familiarity with both EU and US banking regulation, particularly as it relates to corporate and securitization exposures and risk-weighted asset calculations.
• Knowledge of credit risk evaluation techniques for both corporates and securitizations.
• Significant financial statement and analysis knowledge (working capital cycle, cash flow forecasting, financial statement analysis, modelling etc.).
• Ability to explain IFRS and US-GAAP sale accounting.
• Basic understanding of common statistical concepts and modeling techniques such as normal distributions, monte carlo simulation, and linear regression.
• High motivation, proactivity, and accomplished business origination skills.
• High level of presentation and organizational skills.
• Understanding the competitive market and the role of technology within Trade Finance.
• Capability to develop relationships inside the organization to collaborate across geographical boundaries.
• Bachelor’s degree, or equivalent
• English language proficiency.

Responsibilities

• Structuring, pricing, and execution of trade receivables monetization transactions for SCIB clients of Santander US.
• Acting as advisor, consultant, and first point of contact for clients exploring methods to optimize their working capital through receivables solutions to meet their financing needs.
• Engaging in the legal documentation negotiation of new and existing transactions in the receivable portfolio.
• Leading the internal approval process with the risk, middle office and other support areas.
• Engaging with bankers, other products and areas to support the prospecting of new business origination and maintenance of existing book of transactions.
• Contributing to the development of the Santander’s receivable monetization capabilities.
• Growing business through developing new relationships and by maintaining and enhancing existing revenue streams.
• Coordinating stakeholders both internal (CDD, Compliance, Risks, Legal, IT, Compliance, Operations, etc.) and external (Legal firms, Insurers, brokers, etc.) to provide a best-in-class service and seamless end to end execution including client onboarding and due diligences process.
• Ensuring understanding of the Bank’s operating practices and governance and ensure these are followed in line with the guidelines.
• Providing pricing / market intelligence to transactions, ensuring deal profitability is in line with the Bank’s capital models and presenting the transactions to the relevant committees, where applicable.
• Performing first line of defense role for the bank across all risks: Financial / Credit, Legal, Reputational, Regulatory, Compliance, etc.
• Reporting to senior management regarding the progress of the commercial agenda.

Preferred Qualifications

• Knowledge of other trade finance products (Payables / ECA / Doc Trade / Inventory Finance).
• Knowledge of ERP systems such as SAP / Oracle / Sage.
• Additional languages (particularly Spanish).
• Previous exposure to operational Trade Finance support areas (Middle Office, Back Office, Legal, Risk).
• Experience in the syndication of trade finance assets to buy-side investors.
• Chartered Certified Financial Analyst.