Transaction Risk Management Manager

  • Location

    West End, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £50000 - £55000 per annum

  • Contact:

    Scott Duerden

  • Contact email:


  • Job ref:


  • Published:

    over 1 year ago

Our client, a prestigious International Bank based in London are looking to recruit a Transaction Risk Management Manager. It's worth noting, that there's no management of staff as the term refers to the management and ownership of processes and procedures. The Transaction Risk Management (TRM) department is a team of 4 with responsibility for managing the real estate financing workflows post credit approval up to financial close and the credit monitoring of those facilities thereafter. Transactions can be either regulated or unregulated facilities originated by the Private Banking (PB) and Structured Real Estate (SRE) departments. The role reports to the Senior Manager in charge of the team and ultimately to the Chief Risk Officer.

The main purpose of the role is to support the Senior Manager and colleagues in TRM in providing a centre of excellence for the bank, tasked with providing an effective control function of the Bank's sanctioned financing activities, including, but not limited to;

  • The instruction of lawyers and valuers
  • Examination/Review of Valuation reports, Project Monitor Reports and Legal Reports on Security and Title and enquiring and challenging the content where necessary
  • Particularly for SRE transactions, the attendance of conference calls with the various professionals as necessary and taking the lead with regard to the ongoing discussions on Conditions Precedent check lists in particular, as well as other associated matters
  • Bringing the facility to close in coordination with the facility Relationship Manager's (RM) and the Bank's Risk and Operations departments
  • The credit stewardship of all credit cases post drawdown - to include the ongoing monitoring of Compliance with Financial and Non-Financial Covenants, updating property insurance information and maintaining a register relating to Deeds and Documents working closely with the Credit Risk team
  • The management of the credit due diligence process where existing facilities are renewed or restructured - to include the taking of amended Security as required
  • The safe management of facility redemptions - including managing receipt of funds and the release of Security
  • The maintaining of accurate electronic files relating to the above

Key Duties and Responsibilities also include;

  • Working with the Senior Manager and the TRM team in taking responsibility for the provision of effective credit and risk administration of new /renewed and amended real estate facilities during the credit due diligence process
  • Following Credit Approval of new real estate transactions, the instruction-of and management-of the Valuers and Lawyers on the bank's professional panel, ensuring that all professional fees are either paid by the client in advance, or covered under solicitors undertakings - working closely with the relationship teams in SRE and PB to resolve any issues
  • Review Valuation Reports and Legal Reports/Certificates of Title and challenge the content if necessary, ensuring that any issues are escalated to the RM and Risk for resolution
  • For SRE deals in particular lead meetings (both in person and on conference calls) with the bank's lawyers, valuers and other professionals as necessary ensuring that all credit conditions have been satisfactorily included within the documentation
  • Leading from the above, ensure that all Conditions Precedent are in order and checklists satisfied
  • Provide confirmation for drawdown when all documentation and operational elements are complete and relevant and required approvals / conditions for the deal are in place
  • Oversee facility redemptions
  • Ensure that all Financial and or Non-Financial Covenants are recorded
  • Ensure that property insurance requirements are correctly in place and renewals chased
  • Ensure all deals are entered on to a central spreadsheet accurately and completely
  • Ensure that Sharia Approval is in place for any new proposals and facility amendments
  • Diarise for the receipt of legal documents from external parties (to include CD's and bibles of documents) using appropriate filing and deeds monitoring
  • Arranging Commodity Trades and follow-up Schedules for both new deals and for existing rollovers

To be considered for this position, ideal candidates must have a detailed understanding of the Real Estate Due Diligence Process, with a particular emphasis on the structuring of medium to large scale commercial investment and development property transactions and the documentation required thereto, as well as detailed knowledge of the legal and valuation requirements for Bridging and Syndicated facilities. Experience of Regulated Mortgages and Sharia finance would be helpful as well as Real Estate Credit Administration / Transaction Management Experience

Ideal candidates should also have;

  • Substantial experience of working either independently or with colleagues on the management of diverse real estate completions (from complex Commercial Structured Real Estate and development finance through to residential mortgages)
  • 5 year's experience of banking transaction management and administration Skills
  • Detailed knowledge of the 'way-around' legal documentation and valuation reports
  • Leading from the above the ability to enquire, question and challenge those reports where necessary
  • Have sufficient confidence and experience not to be 'overawed' by senior professionals in the market place - including the Bank's own RM's - with the ability to hold and conduct meetings on documentation leading up to drawdown
  • Good communication skills (both written and spoken)
  • Ability to work within tight timescales and staying calm under pressure
  • Highly Organised
  • Good Excel and Word skills

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