PURPOSE
Assist in the development of new structured credit products, and hybrids, for synthetic and repackaged product as generated from requests from the Structured Credit trading team (ref CDO product), or the Structured interest rate swap team, or in response to reverse enquiry from a client. This function is team-based, each senior member of the team takes responsibility for whole transactions, liaising with traders, marketers, internal and external lawyers, rating agents, and all agents to any repackaging.
KEY RESPONSIBILITIES
Liaising with internal and external counsel
Reviewing and advising on ISDA documentation
Drafting and reviewing structured credit documentation at inception and for the on-going maintenance of Structured CDOs, including liaising with legal counsel
Involvement with Structured Products STM’s on-going projects, including the creation of new Special Purpose Companies.
Under the supervision of the senior Transaction Manager, and Repack trader: drafting Term sheets for Repackaged Products issued through Special Purpose Companies.
POSITION SPECIFICATION
Detailed knowledge of Credit Derivatives including documentation, specifically structured transactions, and counterparty limits
Knowledge of the Repackaging business
