Back Assistant Analyst, Banking Portfolio

Requisition ID 33480 Office Country United Kingdom Office City London Division Banking Countries of Operations Contract Type Short Term Contract Length 12 months Posting End Date 12/05/2023

Purpose of the Job

The Assistant Analyst in the Data, Analytics and Strategy (DAS) team is a key contributor in terms of the deliverables of the team, which focuses on digitising, reconciling and , integrating portfolio client data with the Bank’s Data Ware House, producing summary client reports for the purpose of risk triage and aggregated portfolio analytics and equity fair valuation. This includes financial accounts, transition-related data as well as relevant market and macro information.

The Assistant Analyst will take responsibility for the tasks assigned to him/her by the supervisor in the team or more senior members of the Portfolio Group as a whole.

Background

As part of the Banking Portfolio Department (BPD), a central and dedicated Data, Analytics, and Strategy (DAS) team collects and provides data as well as analytical support for bankers and other units responsible for monitoring the existing portfolio.

DAS systematises data activities to support portfolio management of the Bank’s disbursed operations, create efficient processes, ensure consistent data quality, and provide portfolio bankers with value-adding information to carry out client reviews, fair valuation of equity, and other project monitoring tasks.

With this objective in mind, the role of DAS is to absorb data required to manage disbursed projects and to perform initial data analysis including the relevant data procedures. The team is responsible for collecting, structuring, digitising, reconciling, and integrating the data with the Bank’s Data Ware House, so it becomes available to the wider relevant Banking audience. DAS is also responsible for producing summary reports for each client including highlighted potential areas of concern, early warning signals, and other relevant macroeconomic impact that is used by the Portfolio team to determine the appropriate level of focus and resources (triage). The role of DAS also includes tasks related to Equity Fair Valuation, Results Management, aggregated portfolio analytics, and reviews, as well as other data-related project work.

Facts/ Scale

• The team consists of up to 8 Assistant Analysts and Analysts covering a portfolio of ca 800 clients and 1200 operations
• Assistant Analysts will build a foundational knowledge of the principles of accounting, banking, and the Bank’s operations through a series of internal and external courses.
• Assistant Analysts read client’s financial statements, interpret and structure them and enter the data into an online system using specific guidelines, templates, and workflow procedures to support credit reviews of ca 400-600 debt clients and guarantors as well as fair valuation of ca 200 direct equity investments
• Assistant Analysts contribute as a Portfolio team members to the handover and onboarding of ca 300 new projects each year.
  • Assistant Analysts carry out data support activities assigned by senior members of the Portfolio team.
  • Under the guidance of a portfolio supervisor or a more senior banker, Assistant Analysts engage with internal stakeholders of the Bank, client counterparts, and other stakeholders on data tasks and projects related to portfolio management activities.
  • Assistant Analysts have no budgetary responsibility or direct reports.

    Accountabilities & Responsibilities

    1. Training is an integral part of this role to obtain foundational knowledge of the accounting, banking, and investment operations of the bank. After an initial onboarding period, each Assistant Analyst will be expected to join the CFA programme and will receive support to do so.
    2. Data management and use of IT systems for:
       • Data Input – automated, manual, outsourced (also entered by client)
       • Data Validation – ensure clean, correct, and useful input data. Carry out peer reviews of data entries
       • Data Reconciliation – resolve data inconsistencies to generate a single golden source of data
       • Analytics and reporting
         • Client summary reports highlighting potential areas of concern, early warning signals, and other relevant macroeconomic impacts.
         • Systematised flagging of data management breaches, e.g. covenants, late submissions, and unexpected changes to the accounts.
         • Providing regular financial data input for Equity Fair Value process
         • Aggregated portfolio analytics to identify sector, geographical, or other portfolio trends.
         • Peer mentoring - after the initial period of 6 to 12 months, Assistant Analyst will be expected to:
           • With guidance from managers, support new hires on data management and the use of IT systems.
           • Cross-check and sign off data entry and reports performed by new hires
           • Generate and work on data process enhancements initiatives.
           • Communication tasks and skills are a crucial part of this job. The Assistant Analyst will work within a team closely linked to other teams responsible for project monitoring, e.g.:
             • Portfolio Managers, Portfolio Bankers (Operation Leaders),
             • Equity Value Creation Leaders and Equity Leads
             • Credit officers and other internal clients
             • Under initial supervision with external clients at appropriate levels

               Knowledge, Skills, Experience, and Qualifications

               • University degree in finance/economics/business, econometrics/computer science, or a related subject from a leading university in the country of education
               • Quantitative/ numerical skills are essential with the ability to interpret financial information and understand and review financial accounts and reports
               • Computer literacy, conversant with Microsoft Office and spreadsheet packages including financial analysis and modeling modules
               • Good understanding of IT systems and processes
               • Good written and oral communications skills in English, especially in translating technical knowledge to a non-technical audience
               • Fluency in a language (or languages) relevant to the Bank’s countries of operations would be a strong advantage
               • Motivation, great attention to detail, good common sense, outstanding time management skills, ability to work both individually and as part of a team
               • Ability to organise and prioritise a high volume of tasks
               • Resilience and ability to work to tight deadlines
               • Familiarity with financial systems, aggregated data analyses, and curiosity to achieve numerical efficiency.
               • Interest in finance, investment, banking, capital markets, and related fields.
               • Ability to learn and work independently in a remote working setting

                 Please be advised internal applicants are only eligible to apply once the probation period in your current role has been passed.

                 Please note that CCTs and applicants working directly for a Board office can only apply for jobs advertised via the external website.