Portfolio Assistant

1 week ago


Mumbai, Maharashtra, India Deutsche Bank Full time
**Job Title

  • SCL CLO Servicing Team****Location
  • Mumbai**
    Role Description:Loans / lending commitments are often a key component of the relationships held by Deutsche Bank with its corporate and financial institutional clients. Relationship loans are typically issued to support the generation of franchise revenues booked by the product lines across the Corporate Bank and Investment Bank divisions. Strategic Corporate Lending ("SCL") provides governance around the investment of loan capital into these client relationships and risk manages the approved final hold positions down to predefined thresholds set by Credit Risk Management. SCL owns the loan risk that it is hedging within its predominantly senior, unsecured asset class Institutional and Corporate Credit portfolio. SCL hedges the final hold positions down to the predefined thresholds using single name CDS and the issuance of CLOs referencing the underlying loan risk.


The CLO servicing team will provide support to the SCL Securitization teams in New York, London and Frankfurt that originate and execute CLOs to facilitate the economic risk hedges required for its hedging mandate.

Current notional of SCL's CLOs is around EUR 25-30bn, including transactions that assist other CB & IB business areas in performing their own hedging mandates (GTB and LDCM).

The investors in these transactions are some of the Bank's largest institutional clients in the hedge fund space.

The CLO servicing team currently has five members in Mumbai.

What we'll offer you
As part of our flexible scheme, here are just some of the benefits that you'll enjoy

  • Best in class leave policy
  • Gender neutral parental leaves
  • 100% reimbursement under childcare assistance benefit (gender neutral)
  • Sponsorship for Industry relevant certifications and education
  • Employee Assistance Program for you and your family members
  • Comprehensive Hospitalization Insurance for you and your dependents
  • Accident and Term life Insurance
  • Complementary Health screening for 35 yrs. and above

Your key responsibilities:

  • Assist in CLO origination related tasks from portfolio construction, performing checks to ensure the portfolio complies with CLO documentation, preparing data or analysis requested by potential investors
  • Monthly CLO replenishment/rebalancing activities, including verification of asset events, identifying data issues, verifying replenishment eligibility, verifying ratings and hedge need calculations
  • Daily asset monitoring, processing and investigation of asset events for loans hedged in the CLOs
  • Regular excel based reconciliations to ensure accurate data essential for monthly CLO replenishments; working with SCL IT and Operations teams to identify and fix the root cause(s)
  • Urgent deep dive investigations into unexplained or unclear asset activity working with relevant crossfunctional teams including loan execution, portfolio management, CRM Credit Officers, Technology and Loan Operations teams
  • Development and modification of desk tools to assist in CLO origination, CLO replenishment and risk management analysis
  • CLO documentation review, including the calculation for CLO payments
  • Calculation of quarterly note holder payments and coordination with Treasury, Finance and Paying Agents to ensure payments are properly made to CLO Investors
  • Preparation of Credit Event Notices in line with CLO documentation and working with external accountants to demonstrate CLO compliance to contractually documented terms & conditions
  • CLO termination and redemptions tasks including informing relevant teams in finance, treasury and paying agents, and ensuring internal systems are updated
  • Preparation of Investor Disclosure templates for regulatory requirements (European Securities and Markets Authority)
  • Preparation of monthly shortfall adjustments for various events on underlying loan portfolio so that product lines are accurately billed for the loan shortfall
  • Preparation of packs for monthly operational risk discussions with Middle Office, Operations, Finance and Technology
  • Working on miscellaneous reports and adhoc analysis as requested by SCL management

Your skills and experience:

  • Excellent Excel skills including extensive use of formulas comfortable in building adhoc excel based tools to assist in day to day tasks
  • Microsoft Access database, VBA, Python or other programming skills
  • Understanding of the market for structured credit products and particularly synthetic securitizations of loans
  • Excellent communication skills and initiative to engage with other teams
  • Strong attention to detail
  • Demonstrable problemsolving ability; organized with an ability to manage multiple issues
  • High degree of initiative but also the ability to raise problems immediately to the broader SCL team when necessary

How we'll support you

  • Training and development to help you excel in your career
  • Coaching and support from experts in your


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