Covenant Analyst

• Location

London, Greater London

• Job type

Contract

• Industry

Banking

• External Reference

123

• Category

Banking & Financial Services - Analyst

£350 Umbrella

Contract until July 2025

London - 2 days onsite, 3 days WFH

Our high-profile Financial Services client is seeking a proactive Covenant Analyst (Lending Support Executive or Limit Control Analyst) to join their Covenant Control Team.

This role involves the registration and management of Covenant and Financial information to ensure compliance and mitigate risks associated with lending activities.

Job Purpose:

• This role proactively provides support to front office in the registration and collection of financial information and covenants document in loan agreements.
• Prepares reporting of excess and trigger reports for all EMEA Offices for loan, derivative, trade finance and customer account products.
• To provide effective reconciliation of limit related data between GBR and the banks main operating systems.

Background

• Undertakes the role to support the collection and registration of covenant information in the Deal Document Tracking (DDT) system as defined in facility documentation, to include Compliance/Margin Certificates, Financial Statements, Forecasts, and Budgets.
• Monitoring Deal sites to obtain required documentation posted in relation to new and existing facilities.
• Work closely with Relationship Managers across EMEA to ensure NIL Overdue for Covenant documentation.
• Manage and circulate overdue reporting to front office and team heads.
• Responsibility for the accurate reporting of limit excesses across all EMEA Front Office Departments, ensuring excesses are escalated and followed through to resolution.
• To provide effective reconciliation of limit related data between GBR and the banks main operating systems.
• Input limit data to the banks booking systems in relation to foreign exchange, money market and overdraft products.
• Maintain desktop procedures relating to day-to-day processes in the main area of responsibility

Facts / Scale

• Key Performance Indicators (KPI's) are driven from the data registered for covenant / financial information.
• Quality control of all credit limit information, including data input of all systematic limits, review of all lending documentation and adherence to local regulatory requirements in EMEA.
• Excess reports and triggers provide a key control for the bank to effectively manage limits and formally escalate to senior management for resolution.
• Main interfaces/relationships - All Front Office Departments, Risk Management Department, Credit Department, EMEA Front Office Departments

Accountabilities & Responsibilities

• Constructively challenge and influence change to enhance business performance for the Section and Department.
• Promote a control culture to ensure the Section accurately captures all transactions in the Bank's core processing systems.
• Timely registration and collection of covenant information in the Deal Document Tracking (DDT) system as defined in facility documentation.
• Report and monitor credit limit breaches in the Banks operating systems in the EMEA Region, ensuring business departments provide explanations and action to rectify the situation.
• Input limit data to the banks booking systems in relation to foreign exchange, money market and overdraft products.
• Support project work where required, including necessary system testing.
• Regularly review and maintain internal procedures.
• Preparation and distribution of ad hoc reports in relation to limits.
• Prepare and distribute reports in relation to limits, including, but not limited to GBR Control Card, Guarantee Fulfilment reports.

Knowledge, Skills, Experience & Qualifications

• Experience in a financial services environment
• Exposure to loan and trade and documentation, including the working mechanics of the credit approval process.
• A good understanding of standard Loan Market Association documentation.
• A good working knowledge of the business conducted by the Bank, including an understanding of the individual marketing Departments.
• A good understanding of key risks and associated control points in the transaction lifecycle.
• A good understanding of KYC and compliance procedures related to their functional area, ensuring best practice is incorporated in their team.
• Ability to bring a solution-based approach to issues, working with the team to move transactions forward.
• Well organised, self-motivated team player with strong interpersonal skills.
• Strong organisational skills with the ability to prioritise and use initiative throughout the day.
• Demonstrates a proactive attitude and takes the initiative to provide high quality levels of service to both the Bank's internal and external customers.
• Promote a control culture to ensure the Section accurately captures all transactions in the Bank's core processing systems.

Challenges

• Continually challenge the status quo and look for new ways to improve existing process and procedure.
• Ability to multi-task and change priorities at short notice, whilst continuing to supply

Pontoon Solutions is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.

Adecco acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. The Adecco Group UK & Ireland is an Equal Opportunities Employer.

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To speak to a recruitment expert please contact Aida Veizaj

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