Summary The position provides direct support to the Securitization Asset Backed Commercial Paper business line. This includes Transaction management, Transaction Invoicing, Cash management, Commercial Paper Issuance and Conduit Accounting. The position is highly interactive with the Securitization Front Office Funding and Transaction teams.
Key Responsibilities
The Main responsibility is to control and guarantee the accuracy and timeliness of the Securitization data in the systems and be accountable for the information.
• Transaction Processing - Responsible for New and Restructured transaction updates across multiple systems - Commitments, Transaction fees etc
• Prepare transaction invoices. Ensure invoicing processes are comprehensive and validated against system information
Prepare accounting entries for back office and validate entries after posting to GL.
• Controls - Perform daily controls and investigate reconciliation breaks. Perform mapping needed in order to reconcile across systems. Responsible to control data daily and follow-up with Front Office if there are any issues. Additional control and reconciliation investigation duties in relation to accounting process.
• Cash Management - Main point of coordination for Cash Funding and Cash Management pertaining to all Securitization transactions for 2 Securitization Special Purpose Vehicles. Monitor USD, and currency accounts for all incoming and outgoing payments as well as monitor communication for transaction documents, emails and reports. Prepare transaction documentation and wires for execution. Obtain necessary signoff after data is validated. Follow up where necessary to ensure the accounts are fully funded. Adhere to strict cut-off times to alert front office and management of any issues. Ensure invoice payments are received timely. Process activity into systems and manual accounting entries where necessary. Prepare and provide transaction invoice for accounting processing into systems.
• Daily Processing - Input transaction activity and Commercial Paper/Structured Commercial Paper and FX into middle office systems and manual tracking spreadsheet – update SOFR rates and validate - Confirm interest payments with the Issuing and paying agent for monthly Structured Commercial Paper
• Commercial Paper and FX processing - Validate Commercial Paper trades in the Issuing and Paying Agent system. Resolve any discrepancies with the funding desk and Dealers and perform release of Commercial Paper trades. Generate IPA reports and validate data to the internal system, perform daily balancing of activities of assets and commercial paper balances. Calculate and confirm foreign exchange settlements. Report Cost of funding for transactions based on specific requests.
