Director, Portfolio Risk Management

May 25

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Assured Guaranty

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Protecting investors and lowering issuers' borrowing costs for more than three decades

municipal bond insurance • financial guaranty insurance • infrastructure finance • public finance • structured finance

201 - 500

Description

• Responsibility for a portfolio of transactions, across sectors and geographies. Lead the monitoring of transaction performance in line with documented parameters for compliance with covenants, maintain reports, interface with clients and monitor specific project performance. The role requires the analysis of project models and performance, the understanding of the legal documentation, managing any required amendments to the transaction, proactively managing and mitigating risks in conjunction with issuers, the internal/ external legal counsel and external technical advisors. The Director is expected to lead negotiations with external parties with a view to maintaining Assured’s risk position. • Interact with issuers in performance of transactions. • Liaising and leading Assured’s discussions and interactions with external third parties including law firms, technical advisors, insurance advisors, banks, and rating agencies. • Detailed analysis of financial and technical information received on each transaction including project performance, technical advisor reports, financial accounts, updated operating and financial models and performance tests, ensuring receipt of reports and compliance with required covenants. • Management, negotiation and execution of complex amendment and waiver requests with a view to maintaining Assured’s risk profile. • Demonstrate a thorough knowledge and understanding of the risk profiles, ratings, cycles, and strategic developments of projects and produce timely, accurate and concise submissions for Assured senior management that adequately assess and address risk where required. • Identifying early warning signals in each transaction and then proactively managing any problem or potential problem transactions to mitigate the risks. • Regular preparation of detailed sector/credit reviews on performing and under-performing transactions and the subsequent regular reporting to Assured senior management. • Close monitoring of individual transaction performance against documented criteria and triggers, managing potential claims and recommendation of risk rating changes where positive or negative variances arise. • Regular site visits, visiting each transaction where possible once every 18 months, or more frequently as the risk profile dictates (e.g. assets under construction should be ideally visited once a quarter). • Preparing and presenting proposals for loss reserving to Assured senior management

Requirements

• Minimum 10 years experience in managing project finance, PFI, PPP and infrastructure assets • In-depth knowledge of the UK infrastructure market and associated project, legal and financial documentation • Sound credit skills in relation to Assured Guaranty’s core sectors • Experience interrogating complex financial models • Ideally (but not essential) some work-out/ restructuring experience • Ability to speak a second European language is useful but not essential

Benefits

• 11 paid holidays • Generous Accrued Time Off increasing with years of service • Generous paid sick time • Annual day of service