Executive Director Leveraged Finance Origination in amsterdam

Corporate & Institutional Banking (CIB) has a client base of approximately 3,000. In the Netherlands, we serve clients with revenues exceeding EUR 250 million. In Northwest Europe (France, Germany, the United Kingdom and Belgium), we serve clients in a variety of sectors with revenues exceeding EUR 100 million. We are globally active in 13 countries. We are sector-led, offering a wide range of services and products in global markets and lending and have a specialized department in Clearing and Trade & Commodity Finance.
 

Structured Finance & Portfolio Management (SF&PM) is the Lending product unit of CIB. All Lending products and expertise are clustered in SF&PM, with the exception of the specialities Trade & Commodity Finance and Clearing. SF&PM is responsible for the structuring of a variety of lending products for all sectors and segments. These activities are executed in the following departments: Lending, Structured Finance Origination (including Loan Origination, Leveraged Finance, Export Finance, Project Finance), Central Portfolio Management, Infrastructure & Fund Management, and PE activities. 

Leveraged Finance arranges structured debt financing for financial sponsor clients (LBOs) and corporate acquisitions (corporate 2 corporate) and other event related type financing, generally based on a non-recourse or limited recourse financial structure in which the debt sizing, repayment and other terms and conditions are predominantly determined by the visibility of cash flows generated by the company. All financings are sub-investment grade. The Leveraged Finance team has a strong focus on the supporting the transition themes in NW Europe and strong growing companies and consolidators in the sectors of choice and more broad for financial sponsors active in the Netherlands. The Leveraged Finance team has further built an extensive track record in Benelux LBOs together with Structured Finance Syndicate in club and underwritten transactions for CB and CIB clients. Leveraged Finance operates across EMEA out of its offices in Amsterdam and Frankfurt.     
 

In close collaboration with the client coverage teams, other products such as Capital Structuring Advisory, M&A and the Syndicate team within CIB and CB and Risk Management, Leveraged Finance is responsible for both origination and portfolio management of Leveraged Finance transactions (transactions whereby a structured finance solution with >4x debt to EBITDA or a Financial Sponsor is involved). Leveraged Finance is the ‘first-line of defence’ in the credit risk assessment based on (credit) experience and specific client- and sector knowledge.

As a Director within the Leveraged Finance Portfolio Management unit you are a priori responsible for building and maintaining strong, sustainable, long-term relationships with clients within the Leveraged Finance portfolio and provide assurance of house in order and licence to operate. Furthermore, you are responsible for the management of the existing portfolio of transactions, including monitoring and management of risks as well as reporting on the portfolio (to regulator, Watch status and dynamic monitoring) and managing the administration (handled by dedicated mid-office professionals) and origination and execution of new deals within the portfolio, structuring and executing tailor-made transactions such as add-ons, refinancing and recapitalization whereby negotiation and coordination of external advisors (a/o legal counsel, financial advisors and DD providers). In addition, the position includes contribution to origination and execution of new transactions and where relevant contribution to internal projects such as optimization or innovation projects, regulatory driven projects and other organization-wide initiatives.
 

You will form part of a team of three dedicated Portfolio Managers within the Leveraged Finance team which will build up responsibility for the portfolio as a whole and per client/transaction typically work as part of a dedicated deal team tailored to the case at hand, taking into account the required balance in terms of seniority and sector expertise. In close cooperation with the syndicate team you further actively support the ‘originate to distribute’ strategy of CIB, by supporting the distribution of debt exposures to third parties. You will further be part of Client Service Teams (CST), managed by the Coverage Banker to develop the broad commercial relationship with clients. As Director in this dedicated unit you will work closely with a Medior Leveraged Finance Portfolio Manager (current vacancy) and a Junior Leveraged Finance Portfolio Manager (current vacancy) dedicated on the portfolio and as part of a transaction or a CST together with other (executive) Directors, (Senior) Associates and trainees. Part of your job is also to develop a more data driven part of portfolio analysis and monitoring in cooperation with stakeholders such as Central Portfolio Management, Risk and Finance and last but not least, your job is to coach and develop the more junior staff in the team and to take them along in the entire journey and life cycle of the Leveraged Finance portfolio. 

Since ECB has issued new guidelines on Leveraged Finance the Leveraged Finance team is also responsible for the portfolio management of Leveraged Finance Transactions for CIB clients (currently ~45 clients with EUR 1.8bln of exposure). As per January 2021 this task will be expanded to also include the CB Leveraged Finance portfolio (another ~25 clients with EUR 600m exposure). Portfolio management has become increasingly more important for the the Leveraged Finance team and bank as a whole where house in order and licence to operate are crucial for a sustainable growth of the product Leveraged Finance and locking in future deal flow for the team.
 

You will be working directly in a dedicated Lending team of three professionals with a portfolio management responsibility and in total with 17 professionals working in Leveraged Finance of which 14 in Amsterdam (covering Benelux and Nordics) and 3 in Frankfurt (covering the DACH area). The team works closely together ensuring that new deals, fully aligned with the ‘Banking for Better’ strategy of the bank are onboarded and that the portfolio is sound and growing in a sustainable way. 

You shall be working in Amsterdam. We work in an open floor space on the Gustav Mahlerlaan, where we have all stakeholders in our vicinity (Client Coverage, Risk, Products, Legal, Sustainability etc). 

We are looking for a finance specialist with former client facing or risk management experience and the following profile:
 

• Educated at university level
• Minimum 10 years of relevant financial experience of which minimum 5 years related to structuring, execution and portfolio management of leveraged  finance and/or other structured corporate financing transactions
• Applied knowledge of the credit products and credit processes
• Strong structuring and negotiation skills (structuring and execution of tailor made financing solutions)  
• Knowledge of and affinity with LBOs and Financial Sponsor clients
• Experience with legal documentation (LMA) and financial due diligence and business cases
• Excellent in speaking, writing and reading of English

We offer you a challenging and international environment. You will work with colleagues with passion for the job and who have a high standard for performance. You will be offered an excellent opportunity to develop yourself

ABN AMRO is driven by its purpose ‘banking for better, for generations to come. At ABN AMRO, we use our knowledge, expertise and network to help our clients within and outside the Netherlands achieve their goals based on responsible decisions. Our clients’ interests always come first. We want clients to understand our products, and we sometimes say ‘no’ if a product involves a risk that is too high for the client. Putting clients’ interests first also means communicating in plain language and crafting smart solutions that genuinely make a difference. That is our goal.