Associate – Agency Services.Injaz - CIBG - Investment Banking.Corporate & Investment Banking Group

Role Overview

Associate – Agency Services with Injaz - CIBG - Investment Banking at Mashreq, Corporate & Investment Banking Group.

Role Purpose

Manage operational aspects of facility and security agency functions. Operate the agency function to ensure highest service standards and adherence to timelines. Liaise with internal and external stakeholders on agency transactions in the portfolio. Manage and monitor allocated client and agency agreements and tasks while reporting directly to the Agency Head.

Key Responsibilities

Transaction Processing & Monitoring

• Manage Shorouq platform-based structured trade transactions including transaction processing and monitoring.
• Ensure adherence to turnaround timelines without any errors.
• Prepare adequate tracking models for each Shorouq transaction.
• Ensure regular update and improvements to tracking models.

Documentation & Negotiation

• Review and negotiate all structured trade documents from an agency standpoint with the client on behalf of the lenders.
• Coordinate with parties on document execution, CP/CS satisfaction, and successful utilization.
• Possess documentation skills to interpret LMA standard documentation.

Covenant & Compliance Monitoring

• Monitor Information Undertakings and Financial Covenants to ensure documentation compliance.
• Escalate to concerned personnel in the event of a discrepancy or delay.
• Update KYC in various accounts and fulfill all compliance and regulatory requirements.

Stressed Loan Management

• Track stressed loans under agency management ensuring timely monitoring of key issues.
• Provide regular updates to lenders and other relevant parties.
• Coordinate with lawyers and lenders for distribution of information.

Security & Facility Management

• Maintain security in various facilities in various capacities.
• Manage renewals, expiries, lodgments, and retrievals.
• Monitor and manage agency-related functions for key client-related mandates.
• Facilitate waivers and amendments for borrowers.
• Direct the bank group as applicable under specific facility documentation.

Stakeholder Coordination & Communication

• Coordinate all party and lender meetings and calls as appropriate.
• Prepare minutes of meetings and present to Unit Head.
• Circulate minutes post-discussion.
• Coordinate with external legal counsels, internal legal counsel, compliance, and Stressed Asset Unit to manage all legal and enforcement issues with respect to accounts and securities.
• Liaise regularly with various internal departments including FTC, Credit OPS, Payments division, Compliance, Relationship, and Risk.
• Manage enquiries pertaining to transactions.

Process Improvement

• Continuously improve and recommend improvements in policies and procedures for the unit.

Qualifications & Experience

• Graduate with experience in Corporate Banking.
• Preferably 1 year in an agency role.

Skills & Competencies

• Knowledge of operations to maintain control of transaction flow.
• Strong communication skills with ability to converse well with borrowers, lenders, and external and internal stakeholders.
• Self-motivated and ambitious with problem-solving ability.
• Excellent business analytical skills.
• Proficient with MS Office including Excel and PowerPoint.
• Eye for detail.
• Ability to work in a team and independently when required.
• Ability to work under pressure while adhering to tough deadlines.