We are looking for a Manager, Securitisation to join a high-performing Treasury team and play a critical role in supporting the Bank’s funding, liquidity and balance sheet strategy through the management of securitisation trusts, warehouse facilities and RMBS programs.
As Manager, Securitisation, you will be responsible for the governance, operation and lifecycle management of the Bank’s securitisation structures. Acting as the subject matter expert, you will oversee trust management activities, investor and trustee reporting, collateral monitoring, warehouse management, transaction lifecycle events and regulatory obligations, while ensuring a robust control environment and operational excellence.
This role can be based out of the Head Office in Melbourne (Collingwood) or Sydney (Mascot, soon to be relocated to the CBD).
Why join us
- We have big plans to become Australia’s leading purpose-driven bank.
- As a certified B Corp, we’re part of a global business community who meet the highest social and environmental standards, balancing profit and purpose.
- Every role and person in our bank is essential to bringing our values, purpose and aspiration to life.
- We offer flexible working options, competitive salary and 14% super.
- Our staff have access to a range of meaningful benefits to support their physical and mental wellbeing including 24/7 free counselling, free flu vaccinations and discounted gym memberships.
- We also support staff with study assistance, paid parental leave (regardless of gender), volunteer, bereavement, gender affirmation and family violence leave; and the opportunity for bonus annual leave.
- We support our staff to grow their careers through learning and development and an organisational culture where we reward and recognise innovation and values, not long hours.
- We are committed to building an inclusive culture and a diverse workforce that reflects the Australian community.
- We care for a conservation reserve – where we work with key partner organisations to protect threatened species and involve staff in conservation.
What you will be doing
- Support the execution of securitisation transactions, including investor engagement, transaction coordination and management of securitisation investor relationships across.
- Lead the day-to-day management and governance of the Bank’s securitisation trusts, warehouse facilities and RMBS structures, ensuring compliance with transaction documents, regulatory requirements and internal policies.
- Oversee investor, trustee, rating agency and regulatory reporting obligations, ensuring reporting is accurate, timely and supported by robust controls and documentation.
- Manage trust cashflows, collateral pools, warehouse replenishments and transaction waterfalls, including monitoring of triggers, covenants, eligibility criteria and funding requirements.
- Provide analysis and oversight of trust and collateral performance, including arrears, defaults, losses, portfolio trends, stress testing and early warning indicators.
- Lead the management of transaction lifecycle events, including RMBS issuances, refinancings, redemptions, clean-up calls, warehouse extensions and post-transaction implementation activities.
- Build and maintain strong relationships with internal stakeholders and external parties including trustees, investors, rating agencies, warehouse providers, auditors and legal advisers.
- Drive continuous improvement across securitisation operations, governance, data quality, controls and reporting processes while providing leadership, technical expertise and support to the securitisation function.
What you will bring
- Proven experience in securitisation, structured finance, treasury funding, trust management or a related banking environment.
- Strong understanding of RMBS structures, warehouse facilities, collateral management and cashflow waterfall processes.
- Experience managing investor, trustee, regulatory and rating agency reporting obligations.
- Sound knowledge of securitisation regulatory requirements and risk and control frameworks, including APS 120 exposure.
- Advanced analytical, problem-solving and stakeholder management skills, with the ability to communicate complex information clearly.
- A proactive and collaborative approach, with the ability to drive outcomes across Treasury, Finance, Risk, Legal and external stakeholders.
- Commitment to Bank Australia’s purpose, aspiration, values and brand as well as the B Corp ethos.
By submitting an application you agree to Bank Australia’s Privacy Policy for applicants and confirm that you are legally able to work in Australia. Bank Australia is an equal opportunity employer committed to sustainable development. We encourage people from different backgrounds to apply, including Aboriginal and Torres Strait Islander people, people from different cultural backgrounds and people with disabilities because we want to reflect the diversity of our communities. We are committed to making reasonable adjustments to provide a positive, barrier-free recruitment process and supportive workplace.
Bank Australia reserves the right to withdraw this advertisement at any time. Candidates will be progressed as applications are received, rather than after the advertisement closure date. If you wish to be considered, please submit your application as soon as possible. Please note, the successful candidate will be subject to satisfactory background checks including but not limited to police and previous employment.
