Portfolio Assistant
Published date: 2024/01/10
- Location: Mumbai, Maharashtra, India
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 pre-defined 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 pre-defined 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
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 pre-defined 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 pre-defined 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
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