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Securitization Middle Office Administrator

Vacancy details

General information


About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB)

Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022).
8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world.
Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade.
The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.

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Job description

Business type

Types of Jobs - Corporate & Investment Banking

Job title

Securitization Middle Office Administrator

Contract type

Permanent Contract

Job summary


The position provides direct support to the Securitization Asset Backed Commercial Paper business line. This includes Transaction management and Invoicing, Cash management, Commercial Paper Issuance and Conduit Accounting. The position is highly interactive with the Securitization Front Office Funding and Transaction teams.

Key Responsibilities

The Main responsibility is to control and guarantee the accuracy and timeliness of the Securitization data in the systems and be    accountable for the information.

• Cash Management - Main point of coordination for Cash Funding and Cash Management pertaining to all Securitization transactions daily for 2 Securitization Special Purpose Vehicles. Monitor USD and CAD cash accounts for all incoming and outgoing cash as well as monitor communication for transaction documents, emails and reports. Prepare transaction documentation and wires for execution. Obtain necessary signoff after system reconciliation. Follow up where necessary to ensure the accounts are fully funded. Adhere to strict cut-off times to alert front office and management of any issues. Ensure invoice payments are received timely. Process activity into systems and manual accounting entries where necessary. Prepare and provide transaction invoice for accounting processing into systems.

• Daily Processing - Input Loan funding and Commercial Paper/Structured Commercial Paper and FX activity into systems and manual tracking spreadsheet – update SOFR rates and reconcile systems - Confirm interest payments with the Issuing and paying agent for monthly Structured Commercial Paper

• Transaction Processing - Responsible for New and Restructured transaction updates across multiple systems - Commitments, Transaction fees etc

• Reconciliations - Perform various daily reconciliation’s and investigate reconciliation breaks. Perform mapping needed in order to reconcile across systems. Responsible to reconcile positions daily and follow-up with Front Office if there are any issues. End of day reporting to management of all positions for Cash and Commercial Paper. Additional reconciliation investigation duties in relation to accounting process.

• Commercial Paper and FX processing - Validate Commercial Paper trades in the Issuing and Paying Agent system. Resolve any discrepancies with the funding desk and Dealers and perform release of Commercial Paper trades. Generate various IPA reports and reconcile to the internal system, perform daily balancing of activities between all systems. Calculate and Verify foreign exchange settlements. Report Cost of funding for transactions based on specific requests and keep track of rates for invoice and reporting purposes.

Additional and Backup responsibilities:

• Prepare transaction invoices. Ensure invoicing processes are comprehensive and validated against system information
• Additional ad hoc reporting daily and Monthly

Salary range: $90,000 - $110,000

Position location

Geographical area

America, United States Of America



Candidate criteria

Minimal education level

Bachelor Degree / BSc Degree or equivalent

Academic qualification / Speciality

Bachelor's degree


• Prepare and provide transaction detail and reports to finance on a monthly basis.

• Contribute to the annual audit

• Ensure the department controls and procedures are followed to support the business and reduce operational risk

• Maintain updated operational procedures

• Identify areas for improvement and efficiencies to streamline processes

• Participate in System enhancement projects. User specifications review required

• UAT -User testing participation and testing output will be required to be validated, coordination and planning with IT project team.

• Collaborate with various teams to support the launch of new products.

• Participate in Disaster Recovery testing of department systems and processes

Management and Reporting

Reporting to the Head of Securitization Middle Office


Key Internal contacts

Securitization Transaction team
Securitization Funding desk - Commercial paper FX
Project Management teams - IT support teams
Commercial Banking Operations
Finance Department

Key External contacts

Securitization Transaction agents
Commercial Paper Issuing and Paying agent - IPA

Required skills


•       Loan administration - Cash Management and Accounting knowledge

•       Client service orientated

•       Strong communication skills

•       Fast paced environment

•       Organization and time management skills

•       Detail orientated

•       Works well individually and as part of a team

•       2- 4 years of relevant experience 

•       Bachelor’s degree

•       Strong knowledge of Excel required

Technical skills required


  • Loan administration
  • Cash Management
  • Client Service
  • Strong communication skills
  • Fast paced environment
  • Organization and time management skills
  • Detail orientated
  • Works well individually and as part of a team
  • Microsoft Excel Expert


  • Fund Accounting experience a plus
  • Middle Office experience a plus