Axelon Services
Job title:
Legal documentation and covenant control Analyst
Company
Axelon Services
Job description
Tite: Legal documentation and covenant control Analyst
Location: Montreal, QC
Duration:0-5 month(s)
Shift: 8:00am to 5:00pmIn a changing world, unprecedented challenges require unparalleled talents. Join one of Montreal’s Best Employers 2024. We are a dynamic and growing organization whose main establishment is located in downtown Montreal and part of an international financial group fully committed to building a sustainable future. Please note that the position can be within the Canadian Branch or one of its subsidiaries based in Montreal.Description:
The legal documentation and covenant monitoring team is part of ITO CTM Transversal under Global Banking.
The team verifies, stores and monitors legal documentation and clauses relating to corporate clients’ credit facilities.In detail:
- Verify that all required legal documents are received, including verification against logging location carried out by the relevant team within CTM. Upload and maintain documents in the internal database.
- Monitor and update the legal monitoring log of the contract.
- Participation in responding to various audits, including internal and external audits as well as regulatory reviews
- Entry/validation and monitoring covenants for financing products.
- Prepare monthly notification to account managers for searches and continuations of security interests.
- Prepare, classify and monitor real security
- Review of legal documentation for possible promissory notes to be announced to Client (BIC) and retention of documents
- Review and distribution of daily and monthly default and exception reports, as well as additional reports as required.
- Respond to requests for legal documents and records and related questions.
- Monitor the entry and exit of share certificates into the vault
- Reconcile exceptions and defects in documentation, clauses and guarantees within ITO CTM and the profession
- Log, index, documentation of files and archives in banking systems
- Investigate and respond to subpoena searches requested by the Legal Department
- Maintain strong communications and partnerships within ITO CTM, Risk and Account Executives.
- Participate in cross-training to improve knowledge, contributions and synergies between teams.
- Identify ways to improve and create efficiencies
- Assist in the training of new team members
- Other tasks assigned
Experience:
- Noting that the vast majority of our customers, both internal and external, are located outside Quebec and Canada, specific language requirements may apply. Knowledge of English is required.
- 2-3 years of relevant experience specializing in corporate banking documentation and/or documentation control experience in a commercial bank.
- Strong written and verbal communication skills
- Analytical and detailed
- Ability to work independently and prioritize multiple tasks, work within time constraints and take ownership of task completion.
- Ability to exercise good judgment in the face of unforeseen circumstances while adhering to established policies and controls.
- Experience in middle office and/or operations preferred
- Experience reading/working with legal documents, an asset.
Expected salary
Location
Montreal, QC
Job date
Wed, 08 Jan 2025 01:45:14 GMT
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