Internship -Global Financing Operations (11 months' Fixed Term Contract)

  • Competitive
  • London, England, United Kingdom
  • Internships & Graduate Trainee, Full time
  • Natixis UK Internships
  • 19 Apr 19

Internship -Global Financing Operations (11 months' Fixed Term Contract)

Company Description
Natixis is the global corporate, investment, insurance and financial services arm of Groupe BPCE (Banque Populaire and Caisse d'Epargne) France's second largest banking group. Natixis boasts more than 21,000 experts in 38 countries and are present mainly in three geographic zones: The Americas, Asia-Pacific and EMEA (Europe, Middle East, Africa). Natixis London activities are covering the Corporate and Investment Banking businesses with circa 450 employees.

Job Description
To learn the processes and products of the operational functionalities of the London Global Financing Operations teams, and thereby assist the departments with their daily duties (see below general department purpose) and to work on any designated projects/duties given by the Head or Deputy Head of Global Financing Operations.

[Global Financing Operations consists of Deal Closing & Portfolio Monitoring (DCPM), and Back Office Financing, BOF.]

Primary day-to-day responsibilities will be within the Back Office Financing team:-

General department role - To facilitate the loans administration tasks and manage the associated refinancing activity of all the activity of the London branch.
The role will include learning all facets of loan bookings in LoanIQ (including deal structuration, amendments and cancellation); full loan and fee management, cash & payment management and refinancing & liquidity rate management.

Cross training is envisaged to encompass the Middle Office aspects (DCPM) of GFO.

DCPM's general department role is to monitor the activities of the Front and Back Office (Financing) by providing timely reminders to avoid exceptions and escalate / report any noteworthy exceptions to Senior Management where relevant.
As such the role will include exposure to the Front to Back processes of deal booking, the monitoring of new and existing financing operations; the full suite of Facility Documentation used for our transactions plus waiver, covenant and collateral management.

Financing departments include Coverage, Real Assets, Energy & Natural Resources and Investment Banking (plus vanilla loans for Capital Markets/Fixed Income).
These cover Financial Institutions and Public Sector (FIPS), Corporate Banking (CORP), Acquisition and Strategic Finance (ASF), Global Infrastructure and Projects (GIP) and GM/Fixed Income.

Responsible for reviewing:
Ad hoc business requests are also handled for Global Energy & Commodities (GEC) under the O2D/Cross Border modelled assets and SBLC's issued on behalf of Natixis entities.

Facility Documentation to collate all essential loan structure and associated information required.
Information loaded into the booking system, i.e. LoanIQ, to ensure accuracy of data and for analytical reporting.

Responsible for producing:
LoanIQ data control & results - Perform daily actions in LoanIQ
Cash management control - performing daily intra and end of day reconciliations together with daily cash nostro reconciliation (and investigation)

Required Skills/Qualifications/Experience

Key skills:

Good communication skills - in order to facilitate daily contact with own departmental staff and other Natixis employees (not exclusively London) together with external counterparts (Primarily Agent Banks for loan instructions/covenants etc.).

Knowledge of or experience with LoanIQ would be preferred - however on-site training will be given.

Excellent PC sills / systems literacy - good knowledge of full suite of Microsoft programs with a minimum level of intermediate Excel (preferably advanced).

Initiative and forward thinking - to effectively anticipate (and pro-actively manage) higher risk or more complex situations. We would also expect the candidate to challenge the rationale of existing processes and reporting produced (especially in relation to manually produced via Microsoft excel).

Ability to work as part of a team following the procedures and guidelines as set out by the branch.