Securitisation And Direct Assignment

Job title:

Senior Manager – Securitisation & Direct Assignment

Key responsibilities:

• Transaction sourcing and planning
• Identify eligible loan pools for securitization or direct assignment in line with business, ALM and capital objectives.
• Coordinate with business, finance, treasury, legal and risk to create a pipeline of transactions.
• Analyse portfolio performance metrics (vintage, delinquencies, prepayments, yield) to decide pool composition and pricing strategy
• Structuring and execution of securitisation/DA deals
• Work with arrangers, trustees and counterparty financial institutions to structure securitisation transactions and bilateral loan assignments.
• Support preparation of transaction documents: term sheets, pool cut sheets, cash-flow waterfalls, servicing agreements, assignment agreements, and representations/warranties
• Participate in credit, legal and tax due diligence; coordinate data rooms, queries and site / portfolio reviews by investors and rating agencies.
• Run or review pool cash-flow models and stress scenarios to assess tranche structures, credit enhancements and expected investor payouts
• Investor, bank and rating agency interface
• Act as primary point of contact for banks, mutual funds, other investors, arrangers and trustees for all securitization/DA transactions
• Prepare and present pool performance, credit analytics, and structural features to investor and rating agency teams
• Negotiate commercial terms (pricing, haircuts, first-loss and second-loss facilities, covenants) within approved internal limits
• Post-transaction monitoring and reporting
• Ensure accurate and timely monthly payout calculations, reconciliation and remittance to investors as per transaction mechanism
• Prepare and submit periodic investor, trustee, arranger, originator and rating agency reports, including pool performance, triggers and covenant compliance
• Monitor pool-level delinquencies, prepayments and trigger events, and escalate breaches and required corrective actions.
• Coordinate with operations, finance and IT for smooth servicing, data quality and systems support for securitized/assigned portfolios
• Regulatory and internal compliance
• Ensure all securitisation and direct assignment transactions comply with applicable RBI guidelines and internal credit/risk policies.
• Support internal and external audits, regulatory inspections and rating reviews relating to securitisation and loan sale transactions.
• Maintain documentation and process notes covering transaction approvals, eligibility checks, true sale criteria and accounting / IND AS treatment, in coordination with finance.
• Process improvement and product development
• Track market trends, new structures and regulatory developments in securitization and structured finance.
• Recommend enhancements to policies, SOPs, MIS and system capabilities for pool selection, monitoring and reporting
• Support development of new securitised products or platforms in collaboration with treasury and business teams.
  
  

• MBA (Finance), CA, CFA or equivalent preferred
• 10 years’ experience in securitisation, structured finance, treasury, capital markets, or wholesale funding in a bank or NBFC
• Strong understanding of loan products, credit risk, pool performance metrics and basic cash-flow modelling.
• Familiarity with RBI securitisation and direct assignment guidelines and relevant accounting standards (IND AS/IFRS) is desirable.
  
  

• Analytical skills in portfolio analytics, credit risk and cash-flow analysis
• Strong negotiation and stakeholder management with banks, investors, rating agencies and internal teams
• Attention to detail and high standards of compliance and documentation
• Proficiency in MS Excel and financial models; exposure to loan management / treasury systems is an advantage
• Ability to handle multiple transactions and deadlines, with ownership and accountability.