Silicon Valley Bank Hiring for Analyst Credit Services at Bengaluru, Karnataka, India Full Time

Job Description

BE PART OF A BANK LIKE NO OTHER.
When you work with the world’s most innovative companies, you know you’re making a difference.
Our clients are the game changers, leaders and investors who fuel the global innovation economy. They’re the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.
They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.
Join us at SVB and be part of bringing our clients’ world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

Analyst Credit Services
Be Part of a Bank Like No Other
When you work with the world’s most innovative companies, you know you’re making a difference.
For nearly 40 years, Silicon Valley Bank (SVB) has helped innovators and their investors move bold ideas forward fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With Commercial, International, and Private Banking services, SVB helps address the unique needs of innovators.
Our clients are the game changers, leaders and investors who fuel the global innovation economy. They’re the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.
They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.
Join us at SVB and be part of bringing our clients’ world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.
Analyst
Summary/Objective
An Analyst at SVB Credit Services will be responsible for performing a broad set of credit functions such as financial statements spreading, covenant monitoring, borrowing base calculations, preparing detailed portfolio review & compliance-monitoring, and updating and maintaining internal reporting and workflow tools of SVB’s different line of businesses.
The role requires excellent knowledge/experience in Moody’s CreditLens (earlier known as MRA), understanding of financial statements and associated ratios, covenant calculations, borrowing base calculations, etc. You would be required to have good working knowledge of/experience with commercial lending reporting tools and applications.
You would also be required to have an excellent/good understanding of financial accounts/statements, and commercial lending products. The Senior Analyst will be part of the Credit Services team at SVB GDC.
Essential Functions
Perform assigned activities required to support the manager. Work under limited supervision and has an expanded skill set that is applied to the essential functions. Utilize knowledge/resources to resolve moderate to complex issues, escalate complex non-routine problems. General operations functions may include, but are not limited to:
Reporting:

• Monitor and track monthly/quarterly reporting packages (arriving from US counterparts) to check for completeness of client information on the portal
• Monitor and track borrowing base information (e.g., ineligible calculations, gross accounts receivables) provided by clients with inputs from the other team members
• Regularly monitor and track the financial spreading (completed/incomplete) and covenant compliance status of the clients with inputs from the other team members
• Set up/upload new client information in the portal; monitor tasks to be completed by other team members as part of the day-to-day workflow

Financial Spreading:

• Upload client information (income statements, balance sheets and cash flow statements) using Moody’s tool (CreditLens)
• Spread debt amount (short term and long-term) as per guidelines to identify outstanding SVB loan amount
• Highlight SVB-related debt amortization/payment schedules and payment amounts
• Perform monthly reconciliations and undertake ad-hoc reporting of potential risk elements

Covenant Calculations & Monitoring:

• Perform covenant compliance checks for the borrowers on monthly/quarterly basis by calculating the financial covenant(s) as defined in borrower’s loan and security agreement (LSA); perform modifications, as applicable, to the covenant calculations based on updates to the borrower’s LSA

Portfolio Review:

• Prepare and maintain the portfolio review dashboard on a day-to-day basis
• Update relevant sections of the dashboard by updating information in the corresponding systems; Compliance Portal, CreditLens, etc. (compliance status, exposures & outstanding, client financials, client liquidity, covenant information, ABL availability, etc.)
• Maintain and track the latest financial and reporting provisions, as applicable, for the SVB borrower’s and correctly reported; run daily/monthly reconciliations of borrower information
• Perform covenant compliance checks for the borrowers on monthly/quarterly basis by calculating the financial covenant ratios such as consolidated fixed charge coverage ratio, etc; perform modifications, as applicable, to the covenant calculations based on borrower’s LSA

Borrowing Base:

• Perform the BB calculations as per SVB established procedures on a day-to-day basis (based on accounts receivable, inventory, cash, and marketable securities of borrowers) and determine current level of collateral available with borrowers
• Perform Accounts Receivable ineligible calculations and aging calculations based on legal documents shared by the borrower; reconcile calculations with BB certificates given by clients
• Work with lending team personnel to determine line of credit structure (traditional/line, CFD, SFD, unsecured, etc.) and product type that should be offered to the client
• Monitor potential risk elements as per the lines of credit monthly; upload the BB calculation sheets in SVB’s workflow tool, Credit Analysis (CA) portal

Non-Core Activities

• Monitor tasks to be completed by other team members and support the manager in mentoring and training of new hire analysts

Quality Assurance

• Ensure high level of accuracy in financial spreading
• Add to the knowledge management databases, particularly regarding resolution of issues
• Adhere to financial spreading KPIs/metrics
• Report incidents of non-compliance items (e.g., differences in financial statements provided by client) to lead analyst/manager on a timely basis
• Execute initiatives related to operational excellence and provide ideas for process improvements; review work produced by analysts and provide guidance
• Participate in meetings, ad-hoc projects and other duties as assigned by management

Core skills:

• Excellent written and spoken communications skills
• Strong financial skills
• Strong understanding of various classes of debt (secured/unsecured/subordinated)
• Comfortable with spreading and analyzing detailed financial statements in Moody’s CreditLens
• Ability to deliver 100% quality work
• Efficient and well organized, able to work under tight deadlines
• Outstanding attention to detail, accuracy, and ability to multitask
• Ability to work in a team environment and coordinating with various stakeholders
• Proven capability to work independently without hand holding and exercising sound judgment & initiative
• Ability to be flexible with shift timings (2 pm – 11 pm)

Additional skills (good to have):

• Comfortable with commercial lending portfolio reporting and workflow tools
• Broad understanding of the commercial loan/lending lifecycle
• Coverage of innovation economy industries (like technology, healthcare, life sciences, etc.)

Competencies

• Accountability
• Self-motivated
• Attention to detail
• Fostering Teamwork
• Organization Skills
• Problem Solving
• Time management

Education and certifications:

• Bachelor’s degree in Commerce / MBA(Finance)
• CA (CPA equivalent) / CFA will be added advantage
• Proficient in Moody’s CreditLens

Experience:

• 1-3 years of experience in credit services functions (spreading, covenants, reviews, etc.)
• Experience in the banking/lending industry
• Exposure to US accounting, GAAP, and IFRS

© 2021 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group (Nasdaq:
SIVB).
Equal Employment Opportunity
Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.
Silicon Valley Bank is registered in England and Wales at Alphabeta, 14-18 Finsbury Square, London EC2A 1BR, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request.