Covenant Compliance Specialist
1 week ago
Position Overview:
The Covenant Compliance Specialist will play a pivotal role in supporting the Front Line teams with respect to covenant adherence and documentation within the Wholesale Banking sector. This position is crucial for ensuring that all compliance measures are met across various deal teams, including but not limited to:
- Core Lending
- International Desk
- Project Finance
- Leveraged Lending
- Financial Advisory Services
Key Responsibilities:
The responsibilities of the Covenant Compliance Specialist will encompass a variety of tasks that are expected to evolve. These include:
- Analyzing legal agreements to ascertain necessary documentation and financial covenants that require monitoring.
- Maintaining and tracking documentation and covenant obligations across diverse portfolios utilizing DOX Pro.
- Collaborating with the Front Office to address any documentation or covenant breaches that may arise.
- Reviewing compliance reports to address and reduce instances of overdue or delayed items.
- Reassessing Borrowing Base requirements as necessary.
Essential Skills:
Proficiency in compliance, covenant management, and risk assessment is essential for this role.
Preferred Qualifications:
A Bachelor’s Degree is required for consideration.
Experience Level:
This position is suitable for candidates at an Intermediate Level.
About TEKsystems:At TEKsystems, we are dedicated to driving transformation. We assist our clients in realizing innovative ideas and solutions to leverage emerging opportunities. Our team, consisting of 80,000 professionals, collaborates with over 6,000 clients, including a significant portion of the Fortune 500, across North America, Europe, and Asia. As a leader in Full-Stack Technology Services and Talent Services, we partner with forward-thinking leaders to instigate change. This is the essence of true collaboration. TEKsystems is a proud member of the Allegis Group.
TEKsystems is an equal opportunity employer and welcomes all applications without regard to race, gender, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information, or any characteristic protected by law.
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