Job description
Business type
Types of Jobs - Corporate & Investment Banking
Job title
Associate - Leveraged Finance
Contract type
Permanent Contract
Management position
No
Job summary
Summary
Leveraged Finance team within the Corporate and Leveraged Finance group is responsible for the origination, structuring and execution of Crédit Agricole's leveraged loan and high yield bond transactions for private equity, leveraged telecom and leveraged corporate clients.
Key Responsibilities:
· Taking a leading role in preparing pitches and pricing/market updates for clients
· Elaborate pricing rationales and analysis of comparables in cooperation with the syndicate desk
· Review and analyse new business opportunities with deal teams
· Taking the initiative on preparing the memos for internal credit and markets committees.
· Support portfolio team in drafting annual reviews and monitoring client portfolio
· Financial modelling for transactions
· Ensure necessary administrative tasks are completed on new deal opportunities, including compliance (CMG), NDA processing with legal, business committee (BizCom) and profitability analysis. Upload and maintain pipeline in Diamond
· Support senior originators with reviewing leveraged finance documentation, covenants, commitment papers, Investment Memorandums, precedents and sponsor grids. Assist senior originators in the negotiation of the Description of Notes, including preparation of covenant comparables, and discussions with underwriters’ and issuer counsels
· Produce marketing materials for senior originators: bond proposals (e.g. High Yield Bonds, HoldCo Bonds, Hybrid Capital, Liability Management, etc.), acquisition financing/leveraged finance pitches, primary and secondary bond market updates, market summaries
· Prepare marketing documents for the deal execution including OM, roadshow presentation, DD questionnaires, loan syndication materials (IM, RAP, LP etc.) and assist where applicable the ratings team in the preparation of the ratings agency materials
· Client interaction as a support to senior originators
· Actively support execution process, including participation in due diligence, client conference calls, roadshow presentations, drafting sessions
· On-board and carry out KYC tasks for new transactions (alongside the KYC support team)
· Process market information (databases, market intelligence and market publications)
· Coordinating and networking with the following internal teams: debt syndicate (DAR), derivatives desk, coverage, product team (Private Placements, MTNs, DCM), DCM Legal in order to deliver focused solutions to potential issuers
· Market research (business/sector/transactional)
· Work closely with and train new junior members of the CLF teams
Key Internal contacts
· Debt syndicate team (DAR), Credit trading desk,
Supplementary Information
Confidentiality
· You may become aware of information of a confidential nature relating to the documents you work on. You shall treat any and all information as strictly confidential and will not release, disclose or divulge any or all of such information to any other person, including (but without limiting the foregoing) any employer, potential employer, journalist, recruitment consultant, educational establishment, friend, acquaintance or relative.
· You shall not take or make copies of or reproduce in any manner any Information whether by photocopy, photograph, in written form, computer disk or audio tape or by any other means or upon any other media, nor shall you compile or make notes of or abbreviate any of the Information in any manner whatsoever.
· You agree and acknowledge that any release, disclosure, divulgence or use of any or all of the Information shall cause serious damage and harm to CRÉDIT AGRICOLE CIB or any Group Company.
· You agree to comply with all applicable laws, regulations, codes and any policies and procedures (including but not limited to the compliance handbook) that CRÉDIT AGRICOLE CIB or any Group Company issues from time to time and which apply to you and failure to do so may result in the termination of the engagement
Position location
Geographical area
Europe, United Kingdom
City
London
Candidate criteria
Minimal education level
Bachelor Degree / BSc Degree or equivalent
Academic qualification / Speciality
1. Undergraduate degree or equivalant
Experience
2. Awareness of general business, financial and economic environment.
3. Experience in leveraged credit and / or structured finance.
4. Comprehensive understanding of the syndicated term loan and high yield bond markets and related products.
5. Knowledge and understanding of the financial sponsor community.
Required skills
6. Judgement
7. Initiative / Proactive
8. Teamwork
9. Communication skills
10. Attention to detail
11. Ability to think quickly, make decisions and prioritise in pressured situations
12. Remaining calm under pressure
13. Flexibility
14. Resilience
15. Motivation
16. Action Orientation
17. Creativity
18. Team Focus
Technical skills required
19. Credit Analysis
20. Financial Modelling
21. Analytical research and memo drafting
22. Excel
23. Good verbal and presentation skills
24. Internal systems (KIWIS/Diamond/Phidias/Eurecca/Anadefi/ ClientLive)
Languages
English